To amend chapters 83 and 84 of title 5, United States Code, to provide for the indexation of deferred annuities; to provide that a survivor annuity be provided to the widow or widower of a former employee who dies after separating from Government service with title to a deferred annuity under the Civil Service Retirement System but before establishing a valid claim therefor, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Deferred Benefits Adjustment Act of 2013''.
SEC. 2. INDEXATION OF DEFERRED ANNUITIES.
(a) Amendments to Subchapter III of Chapter 83.--Section 8338 of title 5, United States Code, is amended-- (1) in subsection (d) by striking ``(d) An'' and inserting ``(d) Subject to subsection (e), an''; and (2) by adding at the end the following: ``(e)(1) The average pay used in the computation of an annuity authorized by this section shall be equal to the average pay described in section 8331(4), increased by the percentage adjustments (compounded) in rates of pay of the General Schedule taking effect during the period-- ``(A) beginning on the day after the date of the separation on which title to annuity is based, and ``(B) ending on the day before the commencement date of such annuity. ``(2) In the case of a former employee or Member who dies after having separated from the service with title to an...