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50 U.S.C. § 2091 — Estimate of appropriations needed
Federal law — U.S. Code and appendices · legal_authorities
**(a) Estimates of annual appropriations** The Director shall prepare the estimates of the annual appropriations required to be made to the fund.
**(b) Actuarial valuations** The Director shall cause to be made actuarial valuations of the fund at such intervals as the Director determines to be necessary, but not less often than every five years.
**(c) Changes in law affecting actuarial status of fund** Any statute which authorizes—
(1) new or increased benefits payable from the fund under this subchapter, including annuity increases other than under [section 2131 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2131&num=0&edition=prelim);
(2) extension of the coverage of this subchapter to new groups of employees; or
(3) increases in pay on which benefits are computed;
is deemed to authorize appropriations to the fund in order to provide funding for the unfunded liability created by that statute, in 30 equal annual installments with interest computed at the rate used in the then most recent valuation of the system and with the first payment thereof due as of the end of the fiscal year in which such new or liberalized benefit, extension of coverage, or increase in pay is effective.
**(d) Authorization** There is hereby authorized to be appropriated to the fund for each fiscal year such amounts as may be necessary to meet the amount of normal cost for each year that is not met by contributions under [section 2021(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2021/a&num=0&edition=prelim).
**(e) Unfunded liability; credit allowed for military service** There is hereby authorized to be appropriated to the fund for each fiscal year such sums as may be necessary to provide the amou
Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 2091
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Stable record: federal_law:legal_authorities:record_usc_ce0198dcdc847eaf91b30d15
Source file: Laws/federal/codes/united-states-code/title-50/section-2091-estimate-of-appropriations-needed--a332a25709.md
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Passage SHA-256: 36ed10fcbb6fcf3bb07306b5c646773c05301cde1400faca7e2ef60ee299078a
Source location: Title 50, Chapter 38, § 2091; chapter-038-central-intelligence-agency-retirement-and-disability.md
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**(a) Estimates of annual appropriations** The Director shall prepare the estimates of the annual appropriations required to be made to the fund.
**(b) Actuarial valuations** The Director shall cause to be made actuarial valuations of the fund at such intervals as the Director determines to be necessary, but not less often than every five years.
**(c) Changes in law affecting actuarial status of fund** Any statute which authorizes—
(1) new or increased benefits payable from the fund under this subchapter, including annuity increases other than under [section 2131 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2131&num=0&edition=prelim);
(2) extension of the coverage of this subchapter to new groups of employees; or
(3) increases in pay on which benefits are computed;
is deemed to authorize appropriations to the fund in order to provide funding for the unfunded liability created by that statute, in 30 equal annual installments with interest computed at the rate used in the then most recent valuation of the system and with the first payment thereof due as of the end of the fiscal year in which such new or liberalized benefit, extension of coverage, or increase in pay is effective.
**(d) Authorization** There is hereby authorized to be appropriated to the fund for each fiscal year such amounts as may be necessary to meet the amount of normal cost for each year that is not met by contributions under [section 2021(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2021/a&num=0&edition=prelim).
**(e) Unfunded liability; credit allowed for military service** There is hereby authorized to be appropriated to the fund for each fiscal year such sums as may be necessary to provide the amount equivalent to—
(1) interest on the unfunded liability computed for that year at the interest rate used in the then most recent valuation of the system; and
(2) that portion of disbursement for annuities for that year that the Director estimates is attributable to credit allowed for military service,
less an amount determined by the Director to be appropriate to reflect the value of the deposits made to the credit of the fund under [section 2082(h) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2082/h&num=0&edition=prelim).
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
#### Codification
Section 402b, comprising section 902 of the Counterintelligence Enhancement Act of 2002, Pub. L. 107–306, title IX, and also of the Intelligence Authorization Act for Fiscal Year 2003, Pub. L. 107–306, was editorially reclassified as [section 3382 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section3382&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 403
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Federal law — U.S. Code and appendices · legal_authorities
When used in this chapter:
(1) **Agency** — The term “Agency” means the Central Intelligence Agency.
(2) **Director** — The term “Director” means the Director of the Central Intelligence Agency.
(3) **Qualifying service** — The term “qualifying service” means service determined by the Director to have been performed in carrying out duties described in [section 2013 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section2013&num=0&edition=prelim).
(4) **Fund balance** — The term “fund balance” means the sum of—
(A) the investments of the fund calculated at par value; and
(B) the cash balance of the fund on the books of the Treasury.
(5) **Unfunded liability** — The term “unfunded liability” means the estimated amount by which—
(A) the present value of all benefits payable from the fund exceeds
(B) the sum of—
(i) the present value of deductions to be withheld from the future basic pay of participants subject to subchapter II and of future Agency contributions to be made on the behalf of such participants;
(ii) the present value of Government payments to the fund under sections 2091(c) and 2091(d) of this title; and
(iii) the fund balance as of the date on which the unfunded liability is determined.
(6) **Normal cost** — The term “normal cost” means the level percentage of payroll required to be deposited in the fund to meet the cost of benefits payable under the system (computed in accordance with generally accepted actuarial practice on an entry-age basis) less the value of retirement benefits earned under another retirement system for government employees and less the cost of credit allowed for military service.
(7) **Lump-sum credit** — The term “lump-sum credit” means the unrefunded amount consisti
Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 2001
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** Each annuity payable from the fund shall be adjusted as follows:
(1) Each cost-of-living annuity increase under this section shall be identical to the corresponding percentage increase under [section 8340(b) of title 5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8340/b&num=0&edition=prelim).
(2) A cost-of-living increase made under paragraph (1) shall become effective under this section on the effective date of each such increase under [section 8340(b) of title 5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8340/b&num=0&edition=prelim). Except as provided in subsection (b), each such increase shall be applied to each annuity payable from the fund which has a commencing date not later than the effective date of the increase.
**(b) Eligibility** Eligibility for an annuity increase under this section shall be governed by the commencing date of each annuity payable from the fund as of the effective date of an increase, except as follows:
(1) The first cost-of-living increase (if any) made under subsection (a) to an annuity which is payable from the fund to a participant who retires, to the surviving spouse, former spouse, or previous spouse of a participant who dies in service, or to the surviving spouse, former spouse, previous spouse, or insurable interest designee of a deceased annuitant whose annuity has not been increased under this subsection or subsection (a), shall be equal to the product (adjusted to the nearest ⅒ of one percent) of—
(A) 1⁄12 of the applicable percent change computed under subsection (a), multiplied by
(B) the number of months (not to exceed 12 months, counting any portion of a month as a month)—
(i) for which the annuity was payable from the fund befor
Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 2131
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Federal law — U.S. Code and appendices · legal_authorities
Page 357
TITLE 50—WAR AND NATIONAL DEFENSE
§ 2093
PART G—MONEYS
§ 2091. Estimate of appropriations needed
(a) Estimates of annual appropriations
The Director shall prepare the estimates of
the annual appropriations required to be made
to the fund.
(b) Actuarial valuations
The Director shall cause to be made actuarial
valuations of the fund at such intervals as the
Director determines to be necessary, but not
less often than every five years.
(c) Changes in law affecting actuarial status of
fund
Any statute which authorizes—
(1) new or increased benefits payable from
the fund under this subchapter, including an-
nuity increases other than under section 2131
of this title;
(2) extension of the coverage of this sub-
chapter to new groups of employees; or
(3) increases in pay on which benefits are
computed;
is deemed to authorize appropriations to the
fund in order to provide funding for the un-
funded liability created by that statute, in 30
equal annual installments with interest com-
puted at the rate used in the then most recent
valuation of the system and with the first pay-
ment thereof due as of the end of the fiscal year
in which such new or liberalized benefit, exten-
sion of coverage, or increase in pay is effective.
(d) Authorization
There is hereby authorized to be appropriated
to the fund for each fiscal year such amounts as
may be necessary to meet the amount of normal
cost for each year that is not met by contribu-
tions under section 2021(a) of this title.
(e) Unfunded liability; credit allowed for military
service
There is hereby authorized to be appropriated
to the fund for each fiscal year such sums as
may be necessary to provide the amount equiva-
lent to—
(1) interest on the unfunded liability com-
puted for that year at
Source: Supplied 2024 U.S. Code historical extraction · 50 U.S.C. § 2091
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.