§4071a Definitions

Summary

Defines key words used in this part. court order — means whatever section 4044(4) says it means. Fund — the Foreign Service Retirement and Disability Fund kept by the Secretary of the Treasury under section 4042. lump-sum credit — the unrefunded total made up of retirement deductions from a participant’s basic pay under section 4071e (or the 1983 Adjustment Act), deposits a participant paid under section 4071c for prior civilian or military service, and interest on those amounts equal to the Fund’s overall average yield in the previous fiscal year as set by the Secretary of the Treasury (compounded yearly); interest is not counted if the service totals 1 year or less or for a fractional month. normal cost — the entry‑age normal cost for Fund-related benefits, calculated by the Secretary of State using standard actuarial methods with dynamic assumptions and shown as a level percent of total basic pay. participant — a person in the Foreign Service Pension System. pro rata share — the percent equal to years the former spouse was married to the participant during the participant’s creditable service divided by the total years of that service (ignoring extra credit under section 4057). revised annuity participant — someone who on December 31, 2012 was not a participant, was not performing creditable service under section 4071c, had less than 5 years creditable service under section 4071c, and who became a participant performing that service after December 31, 2012 but before January 1, 2014. further revised annuity participant — same test using December 31, 2013 and becoming a participant after that date. supplemental liability — the estimated excess of the actuarial present value of future Fund benefits over the sum of the present value of future employee deductions and past service deposits, the present value of future contributions under section 4071f, the Fund balance attributable to the System or the 1983 Act contributions, and any other amounts the Secretary of State finds appropriate using standard actuarial practice. System — the Foreign Service Pension System. special agent — means whatever section 4044(15) says.