§ 4061. Payments for future benefits

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1980

   Pub. L. 96–465 title I § 821 · 94 Stat. 2071

   Enacted · 22 U.S.C. § 4061

   Pub. L. 96–465, title I, § 821, Oct. 17, 1980, 94 Stat. 2121

   Source evidence

   Code source credit
   Pub. L. 96–465, title I, § 821, Oct. 17, 1980, 94 Stat. 2121

   Enacted provision · exact public law section
   Sec. 821. Payments for Future Benefits.— (a) Any statute which 22 USC 4061. authorizes— (1) new or liberalized benefits payable from the Fund, including annuity increases other than under section 825; (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) There is authorized to be appropriated to the Fund for each Appropriation authorization. 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 805(a).

2. 1986

   Pub. L. 99–335 title IV § 402(a)(3) · 100 Stat. 514

   Inserted · 22 U.S.C. § 4061(a)(1)

   Pub. L. 99–335 inserted “under this part” after “payable from the Fund”

   Source evidence

   Code amendment note
   Subsec. (a)(1). Pub. L. 99–335 inserted “under this part” after “payable from the Fund”.

   Enacted provision · exact public law section
   (3) by inserting “under this subchapter” after “payable from the Fund” each place it appears.

   Effective date note
   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.

2 of 2 references resolved to an enrolled provision