Page:United States Statutes at Large Volume 100 Part 1.djvu/651

 PUBLIC LAW 99-335—JUNE 6, 1986

100 STAT. 615

" SUBCHAPTER II—FOREIGN SERVICE PENSION SYSTEM

"SEC. 851. ESTABLISHMENT.—(a) There is hereby established a Foreign Service Pension System. "(b) Except as otherwise specifically provided in this subchapter or any other provision of law, the provisions of chapter 84 of title 5, United States Code, shall apply to all participants in the Foreign Service Pension System and such participants shall be treated in all respects similar to persons whose participation in the Federal Employees' Retirement System provided in that chapter is required. "SEC. 852. DEFINITIONS.—As used in this subchapter, unless otherwise specified— "(1) the term 'court order' has the same meaning given in section 804(4); "(2) the term 'Fund' means the Foreign Service Retirement and Disability Fund maintained by the Secretary of the Treeisury pursuant to section 802; "(3) the term 'normal cost' means the entry-age normal cost of the provisions of the System which relate to the Fund, computed by the Secretary of State in accordance with generally accepted actuarial practice and standards (using dynamic assumptions) and expressed as a level percentage of aggregate basic pay; "(4) the term 'participant' means a person who participates in the Foreign Service Pension System; "(5) the term 'pro rata share' in the case of any former spouse of any participant or former participant means the percentage which is equal to the percentage that (A) the number of years during which the former spouse was married to the participant during the service of the participant which is creditable under this chapter is of (B) the total number of years of such service, disregarding extra credit under section 817; "(6) the term 'supplemental liability' means the estimated excess of— "(A) the actuarial present value of all future benefits payable from the Fund under this subchapter based on the service of participants or former participants, over "(B) the sum of— "(i) the actuarial present value of (I) deductions to be withheld from the future basic pay of participants pursuant to section 856 and (II) contributions for past civilian and military service; "(ii) the actuarial present value of future contributions to be made pursuant to section 857; "(iii) the Fund balance as of the date the supplemental liability is determined, to the extent that such balance is attributable— "(I) to the System, or "(II) to the contributions made under the Federal Employees' Retirement Contribution Temporary Adjustment Act of 1983 (5 U.S.C. 8331 note); and "(iv) any other appropriate amount, as determined by the Secretary of State in accordance with generally accepted actuarial practices and principles; and "(7) the term 'System' means the Foreign Service Pension System.

22 USC 4071.

Ante, p. 517.

22 USC 407 la. 22 USC 4044.

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