Pub. L. 91-201, tit. I, sec. 101

Pub. L. 91-201, tit. I, sec. 101

EnactedYear: 1970Length: 137 wordsOfficial source
Sec. 101. Section 804(b) of the Foreign Service Act of 1946 (22 U.S.C. 1064(b)) is amended by adding at the end thereof the following new paragraphs: “(4) ‘Fund balance’ means the sum of— “(A) the investments of the Fund calculated at par value; and “(B) the cash balance of the Fund on the books of the Treasury. “(5) ‘Unfunded liability’ means the estimated excess of the present value of all benefits payable from the Fund over the sum of— “(A) the present value of deductions to be withheld from the future basic salary of participants and of future agency contributions to be made in their behalf; plus “(B) the present value of Government payments to the Fund under section 865 of this title; plus “(C) the Fund balance as of the date the unfunded liability is determined.”