22 U.S.C. § 4061 — Payments for future benefits
submitted 46 years ago by Pub. L. 96-465 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 182 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
Any statute which authorizes—
new or liberalized benefits payable from the Fund under this part, including annuity increases other than under section 4065 of this title;
extension of the benefits of the System to new groups of employees; or
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.
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.
Source credit: (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.)
- 1980Enacted · Pub. L. 96-465 · 94 Stat. 2121
- 1986Amended · Pub. L. 99-335 · 100 Stat. 609
A history note hasn’t been published yet. The record shows enactment by Pub. L. 96-465 on 1980-10-17.
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