,i  #aah? ,,congress  #b;d ,session  ,h4
 ,r4 #iheb  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,septemb] #be1        
#bjbd,mrs4 ,/eel introduc$ ! foll[+     
bill2 :i* 0 ref]r$ to ! ,committee on   
,arm$ ,s]vices  ,a ,,bill  ,to e/abli%  
an op5 season = enrollm5t 9 ! ,survivor 
,b5efit ,plan "u sub*apt] ,,ii ( *apt]  
#gc ( title #aj1 ,unit$ ,/ates ,code4   
#a4 ,survivor ,b5efit ,plan op5 season  
7a7 ,elections by p]sons n curr5tly     
p>ticipat+ 9 ,survivor ,b5efit ,plan    
7#a7 ,election ( ,,sbp cov]age ,an      
eligible retir$ or =m] memb] may elect  
to p>ticipate 9 ! ,survivor ,b5efit     
,plan dur+ ! op5 season describ$ 9      
subsection 7e74  7#b7 ,eligible retir$  
or =m] memb]s ,= purposes ( p>agraph    
7#a71 an eligible retir$ or =m] memb] is
 a memb] or =m] memb] ( ! uni=m$ s]vices
 :o1 on or be=e ! day be=e ! fir/ day ( 
! op5 season describ$ 9 subsection 7e7--
  7,a7 is entitl$ to retir$ pay2 or     
7,b7 w\ld be entitl$ to retir$ pay "u   
*apt] #abbc ( title #aj1 ,unit$ ,/ates  

,code 7or *apt] #fg ( su* title z 9     
effect be=e ,octob] #e1 #aiid71 b = !   
fact t su* memb] or =m] memb] is "u #fj 
ye>s ( age4  7#c7 ,/atus "u ,,sbp (     
p]sons mak+ elections  7,a7 ,/&>d       
annuity ,a p]son mak+ an election "u    
p>agraph 7#a7 by reason ( eligibility "u
 p>agraph 7#b77;,a7 %all be treat$ = all
 purposes z provid+ a /&>d annuity "u ! 
,survivor ,b5efit ,plan4  7,b7          
,res]ve-compon5t annuity ,a p]son mak+  
an election "u p>agraph 7#a7 by reason (
 eligibility "u p>agraph 7#b77;,b7 %all 
be treat$ = all purposes z provid+ a    
res]ve-compon5t annuity "u ! ,survivor  
,b5efit ,plan4  7#d7 ,premiums = op5    
season  7,a7 ,premiums to be *>g$ ,!    
,secret>y ( ,def5se %all prescribe 9    
regulations premiums t a p]son :o makes 
an election "u p>agraph 7#a7 %all be    
requir$ to pay = p>ticipat+ 9 !         
,survivor ,b5efit ,plan pursuant to !   
election4  7,b7 ,am\nt ( premiums ,!    
total am\nt ( ! premiums to be paid by a
 p]son "u ! regulations prescrib$ "u    

subp>agraph 7,a7 %all be equal to ! sum 
(--  7i7 ! total am\nt by :i* ! retir$  
pay ( ! p]son w\ld h be5 r$uc$ be=e !   
effective date ( ! election "u          
subsection 7d7 if ! p]son _h elect$ to  
p>ticipate 9 ! ,survivor ,b5efit ,plan  
7= ! same base am\nt specifi$ 9 !       
election7 at ! fir/ opportunity t 0     
af=d$ ! p]son to p>ticipate "u *apt] #gc
 ( title #aj1 ,unit$ ,/ates ,code2  7ii7
 int]e/ on ! am\nt by :i* ! retir$ pay (
 ! p]son w\ld h be5 s r$uc$1 comput$ f !
 date on :i* ! retir$ pay w\ld h be5 s  
r$uc$ at su* rate or rates & accord+ to 
su* me?odology z ! ,secret>y det]m9es   
reasonable2 &  7iii7 any additional     
am\nt t ! ,secret>y det]m9es necess>y to
 protect ! actu>ial s\ndness ( !        
,dep>tm5t ( ,def5se ,milit>y ,retirem5t 
,fund aga9/ any increas$ risk = ! fund t
 is associat$ ) ! election4  7,c7       
,premiums to be cr$it$ to retirem5t fund
 ,premiums paid "u ! regulations        
prescrib$ "u subp>agraph 7,a7 %all be   
cr$it$ to ! ,dep>tm5t ( ,def5se ,milit>y

 ,retirem5t ,fund4  7b7 ,elections by   
p]sons curr5tly p>ticipat+ 9 ,survivor  
,b5efit ,plan  7#a7 ,election to *ange  
insurable int]e/ or =m] sp\se b5efici>y 
,a p]son p>ticipat+ 9 ! ,survivor       
,b5efit ,plan on ! day be=e ! fir/ day (
 ! op5 season describ$ 9 subsection 7e7 
may elect to *ange a previ\s election ( 
insurable int]e/ or =m] sp\se b5efici>y 
to provide an annuity to a sp\se or     
dep5d5t *ild4  7#b7 ,election to        
discont9ue ,,sbp p>ticipation  7,a7     
,au?ority ,a p]son p>ticipat+ 9 !       
,survivor ,b5efit ,plan on ! day be=e ! 
fir/ day ( ! op5 season describ$ 9      
subsection 7e7 may elect to discont9ue  
su* p>ticipation dur+ ! op5 season4     
7,b7 ,cons5t ( b5efici>ies  7i7 ,9 g5]al
 ,except z provid$ 9 clause 7ii71 a     
p]son describ$ 9 subp>agraph 7,a7 may n 
make an election "u t p>agraph )\t !    
concurr5ce (-- 7,i7 ea* designat$       
b5efici>y ( su* p]son "u ! ,survivor    
,b5efit ,plan2 &  7,,ii7 ! sp\se ( su*  
p]son1 if su* p]son is m>ri$4  7ii7     

,exception :5 b5efici>y unavailable ,a  
p]son may make an election "u           
subp>agraph 7,a7 )\t a concurr5ce       
requir$ "u clause 7ii7 if ! p]son       
e/abli%es to ! satisfaction ( !         
,secret>y conc]n$--  7,i7 t ! :]eab\ts (
 ! sp\se or b5efici>y1 z ! case may be1 
_c be det]m9$2 or  7,,ii7 t1 due to     
exceptional circum/ances1 requir+ !     
p]son to seek ! cons5t ( ! sp\se or     
b5efici>y1 z ! case may be1 w\ld o!rwise
 be inappropriate4  7,c7 ,treatm5t (    
premiums  7i7 ,discont9uation (         
r$uctions 9 pay ,z ( ! effective date "u
 subsection 7d7 ( an election by a p]son
 "u subp>agraph 7,a71 ! ,secret>y       
conc]n$ %all discont9ue ! r$uction be+  
made 9 ! retir$ pay ( ! p]son aris+ f   
p>ticipation 9 ! ,survivor ,b5efit ,plan
 or1 9 ! case ( a p]son :o has be5      
requir$ to make deposits 9 ! ,treasury  
on acc\nt ( p>ticipation 9 ! ,survivor  
,b5efit ,plan1 t p]son may discont9ue   
mak+ su* deposits effective on su*      
effective date4  7ii7 ,treatm5t (       

previ\s r$uctions ,a p]son :o makes an  
election "u subp>agraph 7,a7 is n       
entitl$ to a refund ( any r$uction or   
deposit describ$ 9 clause 7i7 made be=e 
su* effective date4  7c7 ,mann] ( mak+  
elections  7#a7 ,9 g5]al ,an election "u
 subsection 7a7 or 7b7 %all be made 9   
writ+1 sign$ by ! p]son mak+ ! election1
 & receiv$ by ! ,secret>y conc]n$ be=e !
 end ( ! op5 season describ$ 9          
subsection 7e74  7#b7 ,conditions       
,except z provid$ 9 p>agraph 7#c71 an   
election "u subsection 7a7 %all be made 
subject to ! same conditions1 & ) ! same
 opportunities = designation (          
b5efici>ies & specification ( base      
am\nt1 t apply "u ! ,survivor ,b5efit   
,plan4  7#c7 ,election mu/ be volunt>y  
,an election "u subsection 7a7 or 7b7 is
 n effective unless ! p]son mak+ !      
election decl>es ! election to be       
volunt>y4 ,an election "u subsection 7a7
 or 7b7 to p>ticipate or n to p>ticipate
 9 ! ,survivor ,b5efit ,plan may n be   
requir$ by any c\rt4 ,an election by a  

p]son "u subsection 7a7 to p>ticipate 9 
! ,survivor ,b5efit ,plan is n subject  
to ! concurr5ce ( a sp\se or =m] sp\se (
 ! p]son4  7#d7 ,designation ) respect  
to res]ve-compon5t annuity ,a p]son mak+
 an election "u subsection 7a7 to       
provide a res]ve-compon5t annuity %all  
make a designation describ$ 9 section   
#addh7;e7 ( title #aj1 ,unit$ ,/ates    
,code4  7d7 ,effective date = elections 
,an election "u subsection 7a7 or 7b7   
%all be effective on ! fir/ day ( ! fir/
 cal5d> mon? foll[+ ! mon? 9 :i* !      
election is receiv$ by ! ,secret>y      
conc]n$4  7e7 ,op5 season describ$ ,!   
op5 season describ$ 9 ?is subsection is 
! p]iod beg9n+ on ! date ( ! enactm5t ( 
?is ,act & end+ on ,decemb] #ca1 #bjbe4 
7f7 ,applicability ( c]ta9 provisions ( 
law ,! provisions ( sections #addi1     
#adej1 #adec1 & #aded ( title #aj1      
,unit$ ,/ates ,code1 are applicable to a
 p]son mak+ an election1 & to an        
election1 "u subsection 7a7 or 7b7 9 !  
same mann] z if ! election 7 made "u !  

,survivor ,b5efit ,plan4  7g7           
,def9itions ,9 ?is section3  7#a7 ,!    
t]ms base am\nt1 res]ve-compon5t        
annuity1 & /&>d annuity h ! mean+s giv5 
^? t]ms 9 section #addg ( title #aj1    
,unit$ ,/ates ,code4  7#b7 ,! t]m       
,dep>tm5t ( ,def5se ,milit>y ,retirem5t 
,fund means ! fund e/abli%$ "u section  
#adfa7;a7 ( title #aj1 ,unit$ ,/ates    
,code4  7#c7 ,! t]m retir$ pay includes 
reta9] pay4  7#d7 ,! t]ms ,secret>y     
conc]n$ & uni=m$ s]vices h ! mean+s giv5
 ^? t]ms 9 section #aja ( title #cg1    
,unit$ ,/ates ,code4  7#e7 ,! t]m       
,survivor ,b5efit ,plan means ! program 
e/abli%$ "u sub*apt] ,,ii ( *apt] #gc ( 
title #aj1 ,unit$ ,/ates ,code4