Page:United States Statutes at Large Volume 97.djvu/679

 PUBLIC LAW 98-94—SEPT. 24, 1983 97 STAT. 647 cumulative increase (or decrease) in the present value of such amounts. "(3) If at the time of any such valuation (or any valuation carried out in order to comply with chapter 95 of title 31) the Secretary of 96 Stat. 1049. Defense determines that, based upon changes in actuarial assump- tions since the last valuation, there has been an actuarial gain or loss to the Fund, the Secretary shall determine an amortization methodology and schedule for the amortization of the cumulative gain or loss to the Fund created by such change in assumptions and any previous such changes in assumptions through an increase or decrease in the payments that would otherwise be made to the Fund. "(4) Contributions to the Fund in accordance with amortization schedules under paragraphs (2) and (3) shall be made as provided in section 1466(b) of this title. "(d) All determinations under this section shall be made using methods and assumptions approved by the Board of Actuaries (in- cluding assumptions of interest rates and inflation) and in accord- ance with generally accepted actuarial principles and practices. "(e) The Secretary of Defense shall provide for the keeping of such Recordkeeping. records as are necessary for determining the actuarial status of the Fund. "§ 1466. Payments into the Fund lo usc 1466 "(a) The Secretary of Defense shall pay into the Fund at the end of each month as the Department of Defense contribution to the Fund for that month the amount that is the product of^ "(1) the level percentage of basic pay determined under the most recent (as of the first day of the current fiscal year) actuarial valuation under section 1465(c) of this title; and "(2) the total amount of basic pay paid that month to mem- bers of the armed forces (other than the Coast Guard) on active duty or in the Selected Reserve. Amounts paid into the Fund under this subsection shall be paid from funds available for the pay of members of the armed forces under the jurisdiction of the Secretary of a military department. "(b)(1) At the beginning of each fiscal year the Secretary of the Treasury shall promptly pay into the Fund from the General Fund of the Treasury the amount certified to the Secretary by the Secre- tary of Defense under paragraph (3). Such payment shall be the contribution to the Fund for that fiscal year required by sections 1465(a) and 1465(c) of this title. "(2) At the beginning of each fiscal year the Secretary of Defense shall determine the sum of the following: "(A) The amount of the payment for that year under the amortization schedule determined by the Board of Actuaries under section 1465(a) of this title for the amortization of the original unfunded liability of the Fund. "(B) The amount (including any negative amount) for that year under the most recent amortization schedule determined by the Secretary of Defense under section 1465(c)(2) of this title for the amortization of any cumulative unfunded liability (or any gain) to the Fund resulting from changes in benefits. "(C) The amount (including any negative amount) for that year under the most recent amortization schedule determined by the Secretary of Defense under section 1465(c)(3) of this title

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