A bill to provide for payments by the Postal Service to the civil service retirement fund for increases in the unfunded liability of the fund due to increases in benefits for Postal Service employees, and for other purposes.
PL 93-349 (H.R.29), enacted 07/12/1974

354 
PUBLIC LAW 93-349-JULY 12, 1974 
[88 STAT. 
42 u s e 295f-2. 
SPECIAL PROJECT GRANTS AND CONTRACTS 
SEC. 215. Section 772(a)(7) of the Public Health Service Act is 
amended by inserting immediately before the semicolon at the end 
thereof the following: ", or (C) providing increased emphasis on the 
ethical, social, legal, and moral miplications of advances in biomedical 
research and technology with respect to the effects of such advances on 
individuals and socjety". 
Approved July 12, 1974. 
July 12, 1974 
[H. R. 29] 
Public Law 93-349 
AN ACT 
To provide for payments by the Postal Service to the Civil Service Retirement 
Fund for increases in the unfunded liability of the Fund due to increases in 
benefits for Postal Service employees, and for other purposes. 
Civil Service 
Retirement 
Fund. 
Postal Service 
payments. 
39 u s e 101 et 
seq. 
Unfunded lia-
bility increase, 
determination. 
Repeal. 
Supra. 
Effective date, 
exceptions. 
39 u s e 1005 
note. 
87 Stat. 513. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assemMed, That section 8348 of 
title 5, United States Code, is amended by adding at the end thereof 
the following new subsection: 
"(h)(1) Notwithstanding any other statute, the United States 
Postal Service shall be liable for that portion of any estimated increase 
in the unfunded liability of the Fund which is attributable to any 
benefits payable from the Fund to active and retired Postal Service 
officers and employees, and to their survivors, when the increase 
results from an employee-management agreement under title ^9, or 
any administrative action by the Postal Service taken pursuant to 
law, which authorizes increases in pay on which benefits are 
computed. 
"(2) The estimated increase in the unfunded liability, referred to 
in paragraph (1) of this subsection, shall be determined by the Civil 
Sarvice Commission. The United States Postal Service shall pay the 
amount so determined to the Commission in thirty equal annual install-
ments with interest computed at the rate used in the most recent valua-
tion of the Civil Service Retirement System, with the first payment 
thereof due at the end of the fiscal year in which an increase in pay 
becomes effective.". 
SEC. 2. (a) The last sentence of section 1005(d) of title 39, United 
States Code, is repealed. 
(b) Section 1005(d) of title 39, United States Code, is amended by 
adding at the end thereof the following new sentence: "The Postal 
Service shall pay into the Civil Service Retirement and Disability 
Fund the amounts determined by the Civil Service Commission under 
section 8348 (h) of title 5.". 
SEC. 3. The effective date of this Act shall be July 1, 1971, except 
that the Postal Service shall not be required to make (1) the payments 
due June 30, 1972, June 30, 1973, and June 30, 1974, attributable to 
pay increases granted by the Postal Service prior to July 1,1973, until 
such time as funds are appropriated to the Postal Service for that 
purpose, and (2) the transfer to the Civil Service Retirement and 
Disability Fund required by title I I of the Treasury, Postal Service, 
and General Government Appropriation Act, 1974, Public Law 93-143. 
Approved July 12, 1974.