Title 10, Armed ForcesRelease 119-102
§1467 Investment of Assets of Fund
Title 10 › Subtitle A — General Military Law › PART II — PERSONNEL › CHAPTER 74 — DEPARTMENT OF DEFENSE MILITARY RETIREMENT FUND › § 1467
Summary
The Treasury Secretary must invest any part of the Fund not needed for current withdrawals in U.S. government securities. The Defense Secretary decides how long investments should run, the Treasury sets interest using current market yields on similar U.S. securities, and any income earned is added back into the Fund.
Full Legal Text
Title 10, §1467
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. § 1467
Title 10, Armed Forces
Last Updated
Aug 21, 2026
Release point: 119-102