An Act to authorize redetermination under the Civil Service Retirement Act of annuities of certain reemployed annuitants
PL 89-378 (H.R.969), enacted 03/30/1966

80 STAT.] 
PUBLIC LAW 89-378-MAR. 30, 1966 
93 
respect to the progress, results, and status of the winding up of the 
affairs of the Postal Savings System under this Act, together with 
such recommendations as the Postmaster General deems advisable. 
"§5227. Liquidation of investments 
"To facilitate the winding up of the affairs of the Postal Savings 
System, the Secretary of the Treasury shall redeem or purchase the 
public debt obligations of the United States, which are held for the 
account of the Postal Savings System, at their par value whenever it 
will not be advantageous to sell such public debt obligations on the 
regular market. 
"§5i228. Transfer of deposits to Treasury 
"Effective on the first day of the second fiscal year which shall begin 
after the closing date for the Postal Savings System, the total amount 
of unpaid deposits, including the accrued interest due thereon, as 
shown by the books of the Board of Trustees of the Postal Savings 
System, shall be transferred to the Secretary of the Treasury. 
The 
Secretary of the Treasury shall deposit the amount so transferred 
under authority of this section in the Treasury to the credit of the trust 
fund receipt account 'Unclaimed moneys of individuals whose where-
abouts are unknown'. Expenditures are authorized to be made from 
such account as provided oy section 725p of title 31, United States 
C o d e . 
^8 Stat. 1230. 
"§5229. Regulations 
"The Board of Trustees of the Postal Savings System is authorized 
and directed to prescribe such rules and regulations, and to make such 
delegation of authority, as may be necessary to carry out the purposes 
of sections 5225-5228 of this title." 
SEC. 2. The table of contents of chapter 85 of title 89, United States 
^^ ^'^'- ^82. 
Code, is amended by adding thereto the following: 
"5225. Discontinuance of Postal Savings System. 
"5226. Liquidation of accounts. 
"5227. Liquidation of investments. 
"5228. Transfer of deposits to Treasury. 
"5229. Regulations." 
Approved March 28, 1966. 
Public Law 89-378 
AN ACT 
March 30, 1965 
To authorize redetermination under the Civil Service Retirement Act of annuities 
[H. R. 969] 
of certain reemployed annuitants. 
Be if enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assenibled, That the last sen- 
certain civii 
tence of section 13(b) of the Civil Service Retirement Act, 5 U.S.C. ^Tec'o^mpu'tatiw' 
2263(b), is amended to read as follows: "Notw^ithstanding the restric- 
^s stat. 771. 
tion contained in section 115 of the Social Security Amendments of 
1954, Public Law 83-761, a similar right to redetermination after 
^^ fL^A/.n^^". 
deposit shall be applicable to an annuitant (1) whose annuity is based 
on an involuntary separation from the service and (2) who is 
separated on or after July 12, 1960, after such period of full-time 
reemployment which began before October 1, 1956.^' 
SEC. 2. Notwithstanding any other provision of law, annuitj^ benefits 
resulting from enactment of this Act shall be paid from the civil service 
retii'ement and disability fund. 
Approved March 30, 1966. 
42 use 4 10 note. 
65-300 0-67—9