Title 10 — Armed ForcesRelease 119-73
§1117 Investment of assets of Fund
Title 10 › Subtitle Subtitle A— - General Military Law › Part PART II— - PERSONNEL › Chapter CHAPTER 56— - DEPARTMENT OF DEFENSE MEDICARE-ELIGIBLE RETIREE HEALTH CARE FUND › § 1117
Summary
The Secretary of the Treasury must invest any part of the Fund not needed for current withdrawals in U.S. government debt with maturities chosen by the Secretary of Defense. The Treasury sets the interest rates using current market yields, and the investment income is added back to the Fund.
Full Legal Text
Title 10, §1117
Armed Forces — Source: USLM XML via OLRC
The Secretary of the Treasury shall invest such portion of the Fund as is not in the judgment of the Secretary of Defense required to meet current withdrawals. Such investments shall be in public debt securities with maturities suitable to the needs of the Fund, as determined by the Secretary of Defense, 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 credited to and form a part of the Fund.
Reference
Citations & Metadata
Citation
10 U.S.C. § 1117
Title 10 — Armed Forces
Last Updated
Apr 6, 2026
Release point: 119-73