10 U.S.C. § 1461 | Establishment and purpose of Fund; definition

(a)

There is established on the books of the Treasury a fund to be known as the Department of Defense Military Retirement Fund (hereinafter in this chapter referred to as the “Fund”), which shall be administered by the Secretary of the Treasury. The Fund shall be used for the accumulation of funds in order to finance on an actuarially sound basis liabilities of the Department of Defense and the Coast Guard under military retirement and survivor benefit programs.

(b)

In this chapter, the term “military retirement and survivor benefit programs” means—

(1)

the provisions of this title creating entitlement to, or determining the amount of, retired or retainer pay;

(2)

section 4 of Public Law 92–425 section 5 of Public Law 96–402 the programs under the jurisdiction of the Department of Defense providing annuities for survivors of members and former members of the armed forces, including chapter 73 of this title, , and ; and

(3)

section 1408(h) of this title the authority provided in .

Pub. L. 98–94, title IX, § 925(a)(1)Sept. 24, 198397 Stat. 644 Pub. L. 101–189, div. A, title XVI, § 1622(e)(7)Nov. 29, 1989103 Stat. 1605 Pub. L. 102–484, div. A, title VI, § 653(b)(1)Oct. 23, 1992106 Stat. 2428 Pub. L. 116–283, div. G, title LVXXXIIJan. 1, 2021134 Stat. 4658 (Added , , ; amended , , ; , , ; [LXXXII], § 8222, , .)

Editorial Notes

References in Text

Section 4 of Public Law 92–425 section 1448 of this title, referred to in subsec. (b)(2), is set out as a note under .

Section 5 of Public Law 96–402 section 1448 of this title, referred to in subsec. (b)(2), is set out as a note under .

Amendments

Pub. L. 116–2832021—Subsec. (a). inserted “and the Coast Guard” after “liabilities of the Department of Defense”.

Pub. L. 102–4841992—Subsec. (b)(3). added par. (3).

Pub. L. 101–1891989—Subsec. (b). inserted “the term” after “In this chapter,”.