Sec. 402. Foreign Service Pension System
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Section 852 of the Foreign Service Act of 1980 ( 22 U.S.C. 4071a ) is amended— by redesignating paragraphs (8), (9), and
(10)as paragraphs (9), (10), and (11), respectively; and by inserting after paragraph
(7)the following: the term further revised annuity participant means any individual who— on December 31, 2013— is not a participant; is not performing service which is creditable service under section 854; and has less than 5 years creditable service under section 854; and after December 31, 2013, becomes a participant performing service which is creditable service under section 854; . Section 852(7)(B) of the Foreign Service Act of 1980 ( 22 U.S.C. 4071a(7)(B) ) is amended by inserting and before January 1, 2014, after after December 31, 2012, . Section 856(a)(2) of the Foreign Service Act of 1980 ( 22 U.S.C. 4071e(a)(2) ) is amended— in subparagraph (A), by inserting or a further revised annuity participant after revised annuity participant ; and by adding at the end the following: The applicable percentage for a further revised annuity participant shall be as follows: 11.15 After December 31, 2013. . Section 857 of the Foreign Service Act of 1980 ( 22 U.S.C. 4071f ) is amended by adding at the end the following: Subject to paragraphs
(2)and (3), for purposes of any period in any year beginning after December 31, 2013, the normal-cost percentage under this section shall be determined and applied as if section 402(b) of the Bipartisan Budget Act of 2013 had not been enacted. Any contributions under this section in excess of the amounts which (but for paragraph (1)) would otherwise have been payable shall be applied toward reducing the unfunded liability of the Foreign Service Retirement and Disability System. After the unfunded liability of the Foreign Service Retirement and Disability System has been eliminated, as determined by the Secretary of State, Government contributions under this section shall be determined and made disregarding this subsection. .
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