194 
include not less than the full amount so determined in the 
budget transmitted to Congress for that fiscal year under 
section 1105 of title 31. The President may comment and 
make recommendations concerning any such amount. 
‘‘(c) PERIODIC ACTUARIAL VALUATIONS.—(1) Not 
less often than every four years (or before the effective 
date of any statutory change affecting benefits payable on 
account of retirement, disability, or death to members of 
the Coast Guard or their survivors), the Secretary shall 
carry out an actuarial valuation of the Coast Guard mili-
tary retirement and survivor benefit programs. Each actu-
arial valuation of such programs shall be signed by an en-
rolled actuary and shall include— 
‘‘(A) a determination (using the aggregate 
entry-age normal cost method) of a single level per-
centage of basic pay for members of the Coast 
Guard on active duty (other than active duty for 
training); and 
‘‘(B) a determination (using the aggregate 
entry-age normal cost method) of single level per-
centage of basic pay and of compensation (paid pur-
suant to section 206 of title 37) for members of the 
Ready Reserve of the Coast Guard (other than mem-
bers on full-time Reserve duty other than for train-
195 
ing) who are not otherwise described in subpara-
graph (A). 
‘‘(2) Such single level percentages shall be used for 
the purposes of subsection (b) and section 445(a) of this 
title. 
‘‘(d) USE
OF GENERALLY ACCEPTED ACTUARIAL 
PRINCIPLES AND PRACTICES.—All determinations under 
this section shall be in accordance with generally accepted 
actuarial principles and practices and, where appropriate, 
shall follow the general pattern of methods and assump-
tions approved by the Department of Defense Retirement 
Board of Actuaries. 
‘‘(e) RECORDS.—The Secretary shall provide for the 
keeping of such records as are necessary for determining 
the actuarial status of the Fund. 
‘‘§ 445. Payments into the Fund 
‘‘(a) MONTHLY ACCRUAL CHARGE FOR CURRENT 
SERVICES.—From amounts appropriated to the Coast 
Guard for salaries and expenses, the Secretary shall pay 
into the Fund at the end of each month as the Department 
of Homeland Security, or Department of Defense, con-
tribution to the Fund for that month the amount that is 
the sum of the following: 
‘‘(1) The product of—
196 
‘‘(A) the level percentage of basic pay de-
termined using all the methods and assump-
tions approved for the most recent (as of the 
first day of the current fiscal year) actuarial 
valuation under section 444(c)(1)(A) of this 
title (except that any statutory change in the 
military retirement and survivor benefit systems 
that is effective after the date of that valuation 
and on or before the first day of the current fis-
cal year shall be used in such determination); 
and 
‘‘(B) the total amount of basic pay accrued 
for that month by members of the Coast Guard 
on active duty (other than active duty for train-
ing). 
‘‘(2) The product of— 
‘‘(A) the level percentage of basic pay and 
compensation (accrued pursuant to section 206 
of title 37) determined using all the methods 
and assumptions approved for the most recent 
(as of the first day of the current fiscal year) 
actuarial valuation under section 444(c)(1)(B) 
of this title (except that any statutory change 
in the military retirement and survivor benefit 
systems that is effective after the date of that
197 
valuation and on or before the first day of the 
current fiscal year shall be used in such deter-
mination); and 
‘‘(B) the total amount of basic pay and of 
compensation (paid pursuant to section 206 of 
title 37) accrued for that month by members of 
the Ready Reserve (other than members of full- 
time Reserve duty other than for training) who 
are not otherwise described in paragraph 
(1)(B). 
‘‘(b) ANNUAL PAYMENT FOR UNFUNDED LIABIL-
ITIES.—(1) At the beginning of each fiscal year, beginning 
on October 1, 2006, the Secretary shall certify to the Sec-
retary of the Treasury the amount of the first installment 
under the most recent amortization schedule established 
under section 254(a). The Secretary of the Treasury shall 
promptly pay into the Fund from the General Fund of 
the Treasury the amount so certified. Such payment shall 
be the contribution to the Fund for that fiscal year. 
‘‘§ 446. Investment of assets of the Fund 
‘‘The Secretary may request the Secretary of the 
Treasury to invest such portion of the Fund as is not, 
in the judgment of the Secretary, required to meet the 
current needs of the Fund. Such investments shall be 
made by the Secretary of the Treasury in public debt secu-
198 
rities with maturities suitable to the needs of the Fund, 
as determined by the Secretary, and bearing interest at 
rates determined by the Secretary of the Treasury, taking 
into consideration current market yields on outstanding 
marketable obligations of the United States of comparable 
maturities. The income on such investments shall be cred-
ited to and form a part of the Fund.’’. 
(2) TECHNICAL AMENDMENTS.—Such chapter 
is further amended— 
(A) by amending the center heading after 
the table of sections to read as follows: 
‘‘SUBCHAPTER I—OFFICERS’’; 
(B) by amending the center heading after 
section 336 to read as follows: 
‘‘SUBCHAPTER II—ENLISTED MEMBERS’’; 
(C) by amending the center heading after 
section 373 to read as follows: 
‘‘SUBCHAPTER III—GENERAL PROVISIONS’’; 
and 
(D) by amending the center heading after 
section 425 to read as follows: 
‘‘SUBCHAPTER IV—SPECIAL PROVISIONS’’. 
(3) CLERICAL AMENDMENTS.—The table of sec-
tions at the beginning of such chapter is amended—