Title 10, Armed ForcesRelease 119-102
§1117 Investment of Assets of Fund
Title 10 › Subtitle A — General Military Law › PART II — PERSONNEL › CHAPTER 56 — DEPARTMENT OF DEFENSE MEDICARE-ELIGIBLE RETIREE HEALTH CARE FUND › § 1117
Summary
The Secretary of the Treasury must invest parts of the Fund that the Secretary of Defense says are not needed for current withdrawals. The investments must be in U.S. government bonds with terms that fit the Fund’s needs, as decided by the Secretary of Defense, and the Treasury Secretary must set interest rates by looking at current market rates for similar U.S. securities. Any interest earned is added back into 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
Aug 21, 2026
Release point: 119-102