Each civilian member, as a part of his contract of employment, shall carry, during his employment, a deferred annuity policy, having no cash surrender or loan provision, in a joint-stock life insurance corporation that is incorporated under the laws of a State and has a charter restriction that its business must be conducted without profit to its stockholders.
Aug. 10, 1956, ch. 104170A Stat. 439Pub. L. 115–232, div. A, title VIII, § 807(c)(1)132 Stat. 1836(, , § 7082; renumbered § 8582, , , .)
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Historical and Revision Notes |
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Revised section | Source (U.S. Code) | Source (Statutes at Large) |
7082 | ||
§ 7081 of this titleThe words “whose employment commences from and after the date of approval of this act” are omitted as surplusage. Under § 4 of the Act, members already employed when the Act was approved were given 60 days in which to decide whether or not they wished to participate in the benefits provided by the Act. Those who chose not to participate are excluded from the application of this chapter by .
Editorial Notes
Prior Provisions
act Aug. 10, 1956, ch. 104170A Stat. 531Pub. L. 96–513, title II, § 21194 Stat. 2885section 750 of this titleA prior section 8582, , , provided that a retired officer has no right to command except when on active duty, prior to repeal by , , , effective . See .
Amendments
Pub. L. 115–232section 7082 of this title2018— renumbered as this section.
Statutory Notes and Related Subsidiaries
Effective Date of 2018 Amendment
Pub. L. 115–232section 800 of Pub. L. 115–232section 3001 of this titleAmendment by effective , with provision for the coordination of amendments and special rule for certain redesignations, see , set out as a note preceding .