Title 10 — Armed ForcesRelease 119-73not60
§8582 Deferred Annuity Policy Required
Title 10 › Subtitle Subtitle C— Navy and Marine Corps › Part III— EDUCATION AND TRAINING › Chapter 857— RETIREMENT OF CIVILIAN MEMBERS OF THE TEACHING STAFFS OF THE UNITED STATES NAVAL ACADEMY AND UNITED STATES NAVAL POSTGRADUATE SCHOOL › § 8582
Summary
Civilian employees must hold, while employed, a deferred annuity that has no cash-surrender or loan features, bought from a state-chartered stock life insurer whose charter forbids paying profits to stockholders.
Full Legal Text
Title 10, §8582
Armed Forces — Source: USLM XML via OLRC
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.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised sectionSource (U.S. Code)Source (Statutes at Large) 708234 U.S.C. 1073.Jan. 16, 1936, ch. 3, § 1, 49 Stat. 1092. The 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 § 7081 of this title.
Editorial Notes
Prior Provisions
A prior section 8582, act Aug. 10, 1956, ch. 1041, 70A Stat. 531, provided that a retired officer has no right to command except when on active duty, prior to repeal by Pub. L. 96–513, title II, § 211, Dec. 12, 1980, 94 Stat. 2885, effective Sept. 15, 1981. See section 750 of this title.
Amendments
2018—Pub. L. 115–232 renumbered section 7082 of this title as this section.
Statutory Notes and Related Subsidiaries
Effective Date
of 2018 AmendmentAmendment by Pub. L. 115–232 effective Feb. 1, 2019, with provision for the coordination of
Amendments
and special rule for certain redesignations, see section 800 of Pub. L. 115–232, set out as a note preceding section 3001 of this title.
Reference
Citations & Metadata
Citation
10 U.S.C. § 8582
Title 10 — Armed Forces
Last Updated
Apr 3, 2026
Release point: 119-73not60