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10 U.S.C. § 1467 — Investment of assets of Fund
Federal law — U.S. Code and appendices · legal_authorities
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.
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Source file: Laws/federal/codes/united-states-code/title-10/section-1467-investment-of-assets-of-fund--c29534105f.md
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Source location: Title 10, Chapter 74, § 1467; chapter-074-department-of-defense-military-retirement-fund.md
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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.
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Federal law — U.S. Code and appendices · legal_authorities
**(a)**
(1) Consistent with this section and the availability of appropriations for this purpose, the Secretary of Defense and the Secretary of Homeland Security may provide a financial incentive to members of the armed forces described in subsection (b) for voluntary appointment, enlistment, or transfer to a reserve component, requested and approved under subsection (c).
(2)
(A) Except as provided in subparagraph (B), a financial incentive provided a member under this section shall be paid for the period equal to twice the number of years of service of the member, computed as provided in subsection (e)(5).
(B) If, before the expiration of the period otherwise applicable under subparagraph (A) to a member receiving a financial incentive under this section, the member is separated from a reserve component or is transferred to the Retired Reserve, the period for payment of a financial incentive to the member under this section shall terminate on the date of the separation or transfer unless—
(i) the separation or transfer is required by reason of the age or number of years of service of the member;
(ii) the separation or transfer is required by reason of the failure of selection for promotion or the medical disqualification of the member, except in a case in which the Secretary of Defense or the Secretary of Homeland Security determines that the basis for the separation or transfer is a result of a deliberate action taken by the member with the intent to avoid retention in the Ready Reserve or Standby Reserve; or
(iii) in the case of a separation, the member is separated from the reserve component for appointment or enlistment in or transfer to another reserve component of an armed force for service in the Ready Reserve or Standby Reserve of that ar
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Federal law — U.S. Code and appendices · legal_authorities
Page 1394
TITLE 10—ARMED FORCES
§ 1467
Subsec. (a)(2)(B). Pub. L. 109–364, § 591(b)(2), sub-
stituted ‘‘Selected Reserve’’ for ‘‘Ready Reserve’’ and
‘‘Coast Guard) for service’’ for ‘‘Coast Guard and other
than members on full-time National Guard duty other
than for training) who are’’.
2004—Subsec. (b)(2)(D). Pub. L. 108–375 substituted
‘‘1413a’’ for ‘‘1413, 1413a,’’.
2003—Subsec. (b)(1). Pub. L. 108–136, § 641(c)(5)(A), sub-
stituted ‘‘sections 1465(a), 1465(b)(3), 1465(c)(2), and
1465(c)(3)’’ for ‘‘sections 1465(a) and 1465(c)’’.
Subsec. (b)(2)(D). Pub. L. 108–136, § 641(c)(5)(B), added
subpar. (D).
1999—Subsec. (c). Pub. L. 106–65 added subsec. (c).
1987—Subsec. (a). Pub. L. 100–26, § 7(a)(3), inserted at
end ‘‘Amounts paid into the Fund under this subsection
shall be paid from funds available for the pay of mem-
bers of the armed forces under the jurisdiction of the
Secretary of a military department.’’
Subsec. (a)(1)(B), (2)(B). Pub. L. 100–26, § 4(a)(1),
amended Pub. L. 99–500 and 99–591, title I, § 101(c) [title
IX, § 9103(3)]. See 1986 Amendment note below.
1986—Subsec. (a). Pub. L. 99–661 amended first sen-
tence of subsec. (a), which after amendment by Pub. L.
99–500 and Pub. L. 99–591 was the only sentence of sub-
sec. (a), by substituting language which was substan-
tially identical to that substituted by Pub. L. 99–500
and Pub. L. 99–591.
Pub. L. 99–500 and Pub. L. 99–591, title I, § 101(c)
[§ 9131], amended subsec. (a) generally. Prior to amend-
ment, subsec. (a) read as follows: ‘‘The Secretary of De-
fense shall pay into the Fund at the end of each month
as the Department of Defense contribution to the Fund
for that month the amount that is the product of—
‘‘(1) the level percentage of basic pay determined
under the most recent (
Source: Supplied 2024 U.S. Code historical extraction · 10 U.S.C. § 1467
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