Page:United States Statutes at Large Volume 60 Part 1.djvu/832

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60 STAT.] 79TH CONG. , 2D SESS.-CHS. 740-742-AUG. 2 , 1946 "SEC. 4C. Any civilian member of the teaching staffs retiring under the provisions of this Act, as amended, may at the time of his retire- ment elect to receive in lieu of the life annuity to be paid by the Secre- tary of the Navy under the provisions of this Act a reduced annuity payable to him during his life, and an annuity after his death payable to his beneficiary, duly designated in writing and filed with the Secre- tary of the Navy at the time of retirement, during the life of such beneficiary (a) equal to or (b) 50 per centum of such reduced annuity and upon the death of such surviving beneficiary all payments shall cease and no further annuities shall be due or payable. The amounts of these two annuities shall be such that their combined actuarial value on the date of retirement as determined under the provisions of the Civil Service Retirement Act shall be the same as the actuarial value of the single life annuity provided by this Act." Approved August 2, 1946. [CHAPTER 741] AN ACT To amend the Philippine Rehabilitation Act of 1946, for the purpose of making a clerical correction. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 104 (c) of the Philippine Rehabilitation Act of 1946 is amended to read as follows: "(c) All of the provisions of this title shall be subject to the require- ment that, to the fullest extent practicable, the Commission shall require that the lost or damaged property be rebuilt, replaced, or repaired before payments of money are actually made to claimants under this title: Provided,That if the Commission determines it is impossible for any reason beyond the control of the claimant, or is impractical to rebuild, replace, or repair the lost or damaged property, the Commission may make payment to the claimant without making said requirement: Provided, however, That as a condition to the mak- ing of such payment, the Commission shall require that the whole of such payment shall be reinvested in such manner as will further the rehabilitation or economic development of the Philippines: And pro- vided further, That nothing in this subsection shall preclude the partial payment of claims as the rebuilding, replacing, or repairing of the property progresses." SEC. 2 . Section 105 of such Act is amended to read as follows: "SEC. 105. Not later than six months after its organization, and every six months thereafter, the Commission shall make a report to the Congress concerning operations under this title." SEC. 3 . Section 201 of such Act is amended on page 8, lines 12 and 17, after the word "Philippines," by addition of the following "(Republic of the Philippines),". Approved August 2, 1946. [CHAPTER 742] AN ACT To permit the Secretary of the Navy to delegate the authority to compromise and settle claims for damages to property under the jurisdiction of the Navy Department, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Act of December 5, 1945 (Public Law 246, Seventy-ninth Congress), is hereby amended by adding another section thereto as follows: Choice of annuites. 46 Stat. 468. 5U.S.C.§091d seq.; Supp. V, I 691 d seq. Ante, pp. 339, 6, 659, 706, 706; pst, pp. 80, 939. August 2, 1946 [Public. 2259 [Public Law 697] Ante, p. 131. Replacement, eta. of property. Exception. Reinvestmentof 1p ment. Partial payment of claims. Ante, p. 131 . Report to CongreS Autd, p. 134 . August 2, 1946 [S. 23491 [Public Law 598] Navy. 59 Stat. 596. 34 U. S. C., Supp. v, i§ 600a-6oc.