§ 4061. Payments for future benefits
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/usc/title-22/section-4061A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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.)
Connections5 cite this · traces to 3
Cited by 5 sections
statutes-at-large
- Public Law 96–465To promote the foreign policy of the United States by strengthening and improving the Foreign Service of the United States, and for other purposes
- Public Law 99–93To authorize appropriations for fiscal years 1986 and 1987 for the Department of State, the United States Information Agency, the Board for International Broadcasting, and for other purposes
statute-compilations
Traces to 3 documents
6 references not yet in our index
- Pub. L. 96–465, title I, § 821
- 94 Stat. 2121
- Pub. L. 99–335, title IV, § 402(a)(3)
- 100 Stat. 609
- Pub. L. 99–335
- section 702(a) of Pub. L. 99–335
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cites case law
§ 4061
Payments for future benefits
Stat.×2
U.S.C.×2
Stat. Comp.×1
Pub. L.Pub. L. 96–465, title I, § 821
Stat.94 Stat. 2121
Pub. L.Pub. L. 99–335, title IV, § 402(a)(3)
Stat.100 Stat. 609
Pub. L.Pub. L. 99–335
Cites 9 · showing 8Cited by 5 across 3 sources