I

103D CONGRESS

2D SESSION H. R. 5117

To amend title 10, United States Code, to provide for improved treatment

of future actuarial gains and losses to the Department of Defense Military Retirement Fund.

IN THE HOUSE OF REPRESENTATIVES

SEPTEMBER 28, 1994

Mr. MURTHA introduced the following bill; which was referred to the

Committee on Armed Services

A BILL

To amend title 10, United States Code, to provide for improved treatment of future actuarial gains and losses

to the Department of Defense Military Retirement Fund.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,

3 SECTION 1. TREATMENT OF FUTURE ACTUARIAL GAINS

4 AND LOSSES TO DEPARTMENT OF DEFENSE

5 MILITARY RETIREMENT FUND.

6 (a) DETERMINATION OF CONTRIBUTIONS TO THE

7 FUND.—Section 1465 of title 10, United States Code, is

8 amended—
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1 (1) in subsection (b)(1), by adding at the end

2 the following new subparagraph:

3 ‘‘(C) The amount (including any negative

4 amount) expected to be paid into the Fund for that

5 fiscal year under section 1466(b)(5) of this title.’’;

6 (2) in subsection (c)(2), by inserting after ‘‘cre7 ated by such change’’ the following: ‘‘attributable to

8 service performed before October 1, 1984, and a

9 separate such amortization methodology and sched10 ule with respect to service performed on or after Oc11 tober 1, 1984,’’; and

12 (3) in subsection (c)(3), by inserting after

13 ‘‘such change in assumptions’’ the following: ‘‘attrib14 utable to service performed before October 1, 1984,

15 and a separate such amortization methodology and

16 schedule with respect to service performed on or

17 after October 1, 1984,’’.

18 (b) PAYMENTS INTO THE FUND.—Section 1466 of

19 such title is amended—

20 (1) in subsection (b)(2), by inserting ‘‘attrib21 utable to service performed before October 1, 1984,’’

22 in subparagraphs (B) and (C) after ‘‘to the Fund’’;

23 and

24 (2) by adding at the end the following new sub25 section:
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1 ‘‘(c)(1) At the beginning of each fiscal year, the Sec2 retary of Defense shall promptly pay into the Fund the

3 amount determined under paragraph (2). Amounts (in4 cluding negative amounts) paid into the Fund under this

5 paragraph shall be paid from funds available for the pay

6 of members of the armed forces under the jurisdiction of

7 the Secretary of a military department (or used to offset

8 amounts paid under subsection (a)).

9 ‘‘(2) At the beginning of each fiscal year, the Sec10 retary of Defense shall determine the amount equal to the

11 sum of the following:

12 ‘‘(A) The amount (including any negative

13 amount) for that year under the most recent amorti14 zation schedule determined by the Secretary of De15 fense under section 1465(c)(2) of this title for the

16 amortization of any cumulative unfunded liability (or

17 any gain) to the Fund attributable to service per18 formed on or after October 1, 1984, resulting from

19 changes in benefits.

20 ‘‘(B) The amount (including any negative

21 amount) for that year under the most recent amorti22 zation schedule determined by the Secretary of De23 fense under section 1465(c)(3) of this title for the

24 amortization of any cumulative actuarial gain or loss
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1 to the Fund attributable to service performed on or

2 after October 1, 1984.’’.

3 (c) EFFECTIVE DATE.—The amendments made by

4 this section shall take effect with respect to the budget

5 for fiscal year 1996 and payments into the Department

6 of Defense Military Retirement Fund for fiscal year 1996.

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