22-U.S.C.-4061
§4061 – Payments For Future Benefits
Pathway
Title 22 > Chapter 52 > Subchapter VIII > Part I > Section 4061
Details
- Reference: Section 4061
- Legend: §4061 – Payments For Future Benefits
- USCode Year: 2013
Provision Content
(a) Statutes deemed to authorize appropriations to Fund to finance unfunded liability
Any statute which authorizes—
(1) new or liberalized benefits payable from the Fund under this part, including annuity increases other than under section 4065 of this title;
(2) extension of the benefits of the System to new groups of employees; or
(3) increases in salary on which benefits are computed;
is deemed to authorize appropriations to the Fund to finance the unfunded liability created by that statute, in 30 equal annual installments with interest computed at the rate used in the then most recent valuation of the System and with the first payment thereof due as of the end of the fiscal year in which each new or liberalized benefit, extension of benefits, or increase in salary is effective.
(b) Authorization of appropriations to Fund
There is authorized to be appropriated to the Fund for each fiscal year an amount equal to the amount of the Foreign Service normal cost for that year which is not met by contributions to the Fund under section 4045(a) of this title.
(Pub. L. 96–465, title I, §821, Oct. 17, 1980, 94 Stat. 2121; Pub. L. 99–335, title IV, §402(a)(3), June 6, 1986, 100 Stat. 609.)
Amendments
1986—Subsec. (a)(1). Pub. L. 99–335 inserted under this part after payable from the Fund.
Effective Date of 1986 Amendment
Amendment by Pub. L. 99–335 effective Jan. 1, 1987, see section 702(a) of Pub. L. 99–335, set out as an Effective Date note under section 8401 of Title 5, Government Organization and Employees.
U.S. Encyclopedia of Law Coverage
Subchapter VIII – Foreign Service Retirement and Disability in the Legal Encyclopedia: Foreign Relations
In this entry about Subchapter VIII – Foreign Service Retirement and Disability, find legal reference material, bibliographies and premiere content related to foreign relations in the American Encyclopedia of Law, presenting a comprehensive view of the United States foreign relations-specific issues, written by authorities in the field.
22-U.S.C.-4051 in the Legal Encyclopedia: Foreign Service
In this entry about 22-U.S.C.-4051, find legal reference material, bibliographies and premiere content related to foreign service in the American Encyclopedia of Law, presenting a comprehensive view of the United States foreign service-specific issues, written by authorities in the field.
22-U.S.C.-4044 in the Legal Encyclopedia: Disabilities
In this entry about 22-U.S.C.-4044, find legal reference material, bibliographies and premiere content related to disabilities in the American Encyclopedia of Law, presenting a comprehensive view of the United States disabilities-specific issues, written by authorities in the field.
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