22 U.S.C. § 4062 | Unfunded liability obligations

(a)

Notice of interest and military service credit

At the end of each fiscal year, the Secretary of State shall notify the Secretary of the Treasury of the amount equivalent to—

(1)

interest on the unfunded liability computed for that year at the interest rate used in the then most recent valuation of the System, and

(2)

section 4045(e) of this title that portion of disbursement for annuities for that year which the Secretary of State estimates is attributable to credit allowed for military and naval service, less an amount determined by the Secretary of State to be appropriate to reflect the value of the deposits made to the credit of the Fund under .

(b)

Credit to Fund

Before closing the accounts for each fiscal year, the Secretary of the Treasury shall credit such amounts to the Fund, as a Government contribution, out of any money in the Treasury of the United States not otherwise appropriated.

(c)

Reports to Congress

section 4061(b) of this titleRequests for appropriations to the Fund under shall include reports to the Congress on the sums credited to the Fund under this section.

Pub. L. 96–465, title I, § 822Oct. 17, 198094 Stat. 2121 Oct. 17, 1983(, , ; Ex. Ord. No. 12446, § 4(d), , 48 F.R. 48445.)

Editorial Notes

Amendments

section 4045(e) of this title1983—Subsec. (a)(2). Ex. Ord. No. 12446 inserted “, less an amount determined by the Secretary of State to be appropriate to reflect the value of the deposits made to the credit of the Fund under ”.

Statutory Notes and Related Subsidiaries

Effective Date of 1983 Amendment

Oct. 17, 1983section 4067 of this titleAmendment by Ex. Ord. No. 12446 effective , see section 4(e) of Ex. Ord. No. 12446, set out under .

Termination of Reporting Requirements

May 15, 2000section 3003 of Pub. L. 104–66 section 1113 of Title 31For termination, effective , of provisions of law requiring submittal to Congress of any annual, semiannual, or other regular periodic report listed in House Document No. 103–7 (in which a report required under subsec. (c) of this section is listed on page 127), see , as amended, set out as a note under , Money and Finance.