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 Mili-
tary 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 im-
proved treatment of future actuarial gains and losses
to the Department of Defense Military Retirement Fund.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. TREATMENT OF FUTURE ACTUARIAL GAINS
AND LOSSES TO DEPARTMENT OF DEFENSE
MILITARY RETIREMENT FUND.
(a) DETERMINATION OF CONTRIBUTIONS TO THE
FUND.—Section 1465 of title 10, United States Code, is
amended—
(1) in subsection (b)(1), by adding at the end
the following new subparagraph:
‘‘(C) The amount (including any negative
amount) expected to be paid into the Fund for that
fiscal year under section 1466(b)(5) of this title.’’;
(2) in subsection (c)(2), by inserting after ‘‘cre-
ated by such change’’ the following: ‘‘attributable to
service performed before October 1, 1984, and a
separate such amortization methodology and sched-
ule with respect to service performed on or after Oc-
tober 1, 1984,’’; and
(3) in subsection (c)(3), by inserting after
‘‘such change in assumptions’’ the following: ‘‘attrib-
utable to service performed before October 1, 1984,
and a separate such amortization methodology and
schedule with respect to service performed on or
after October 1, 1984,’’.
(b) PAYMENTS INTO THE FUND.—Section 1466 of
such title is amended—
(1) in subsection (b)(2), by inserting ‘‘attrib-
utable to service performed before October 1, 1984,’’
in subparagraphs (B) and (C) after ‘‘to the Fund’’;
and
(2) by adding at the end the following new sub-
section:
‘‘(c)(1) At the beginning of each fiscal year, the Sec-
retary of Defense shall promptly pay into the Fund the
amount determined under paragraph (2). Amounts (in-
cluding negative amounts) paid into the Fund under this
paragraph 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 (or used to offset
amounts paid under subsection (a)).
‘‘(2) At the beginning of each fiscal year, the Sec-
retary of Defense shall determine the amount equal to the
sum of the following:
‘‘(A) The amount (including any negative
amount) for that year under the most recent amorti-
zation schedule determined by the Secretary of De-
fense under section 1465(c)(2) of this title for the
amortization of any cumulative unfunded liability (or
any gain) to the Fund attributable to service per-
formed on or after October 1, 1984, resulting from
changes in benefits.
‘‘(B) The amount (including any negative
amount) for that year under the most recent amorti-
zation schedule determined by the Secretary of De-
fense under section 1465(c)(3) of this title for the
amortization of any cumulative actuarial gain or loss
to the Fund attributable to service performed on or
after October 1, 1984.’’.
(c) EFFECTIVE DATE.—The amendments made by
this section shall take effect with respect to the budget
for fiscal year 1996 and payments into the Department
of Defense Military Retirement Fund for fiscal year 1996.
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