50 U.S.C. § 2001 — Definitions relating to the system
submitted 34 years ago by Pub. L. 88-643 to r/title-50-WAR-AND-NATIONAL-DEFENSE · 337 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
When used in this chapter:
The term “Agency” means the Central Intelligence Agency.
The term “Director” means the Director of the Central Intelligence Agency.
The term “qualifying service” means service determined by the Director to have been performed in carrying out duties described in section 2013 of this title.
The term “fund balance” means the sum of—
the investments of the fund calculated at par value; and
the cash balance of the fund on the books of the Treasury.
The term “unfunded liability” means the estimated amount by which—
the present value of all benefits payable from the fund exceeds
the sum of—
the present value of deductions to be withheld from the future basic pay of participants subject to subchapter II and of future Agency contributions to be made on the behalf of such participants;
the present value of Government payments to the fund under sections 2091(c) and 2091(d) of this title; and
the fund balance as of the date on which the unfunded liability is determined.
The term “normal cost” means the level percentage of payroll required to be deposited in the fund to meet the cost of benefits payable under the system (computed in accordance with generally accepted actuarial practice on an entry-age basis) less the value of retirement benefits earned under another retirement system for government employees and less the cost of credit allowed for military service.
The term “lump-sum credit” means the unrefunded amount consisting of retirement deductions made from a participant’s basic pay and amounts deposited by a participant covering earlier service, including any amounts deposited under section 2082(h) of this title.
The term “congressional intelligence committees” means the Permanent Select Committee on Intelligence of the House of Representatives and the Select Committee on Intelligence of the Senate.
The term “employee” includes an officer of the Agency.
Source credit: (Pub. L. 88–643, title I, § 101, as added Pub. L. 102–496, title VIII, § 802, Oct. 24, 1992, 106 Stat. 3197; amended Pub. L. 103–178, title II, § 202(a)(1), Dec. 3, 1993, 107 Stat. 2025; Pub. L. 108–458, title I, § 1071(c), Dec. 17, 2004, 118 Stat. 3691.)
- 1992Enacted · Pub. L. 88-643 · 106 Stat. 3197
- 1993Amended · Pub. L. 103-178 · 107 Stat. 2025
- 2004Amended · Pub. L. 108-458 · 118 Stat. 3691
A history note hasn’t been published yet. The record shows enactment by Pub. L. 88-643 on 1992-10-24.
all 0 arguments · sorted by: best
no arguments yet — make the first case