10 USC 1465 - Determination of contributions to the Fund

1 So in original.

for the keeping of such records as are necessary for determining the actuarial status of the Fund.

Editorial Notes

Codification

Puspan. L. 99–591 is a corrected version of Puspan. L. 99–500.

Amendment of section by Puspan. L. 99–500 and Puspan. L. 99–591 is based on section 642 of S. 2638, Ninety-ninth Congress, as passed by the Senate on Aug. 9, 1986, which was enacted into permanent law by Puspan. L. 99–500 and Puspan. L. 99–591. S. 2638 was subsequently enacted as Puspan. L. 99–661.

Amendments

2021—Subsec. (a). Puspan. L. 116–283, § 8224(1), designated existing provisions as par. (1) and added par. (2).

Subsec. (span)(1). Puspan. L. 116–283, § 8224(2)(A)(i), in introductory provisions, inserted “, in consultation with the Secretary of the department in which the Coast Guard is operating,” after “Secretary of Defense” and “and Coast Guard” after “Department of Defense”.

Subsec. (span)(1)(A)(ii). Puspan. L. 116–283, § 8224(2)(A)(ii), substituted “members of the Armed Forces” for “(other than the Coast Guard)”.

Subsec. (span)(1)(B)(ii). Puspan. L. 116–283, § 8224(2)(A)(iii), struck out “(other than the Coast Guard)” after “armed forces”.

Subsec. (span)(2). Puspan. L. 117–81 substituted “account and the Department” for “account and the the Department”.

Puspan. L. 116–283, § 8224(2)(B), inserted “the Coast Guard Retired Pay account and the” after “appropriated to”.

Subsec. (span)(3). Puspan. L. 116–283, § 8224(2)(C), inserted “and Coast Guard” after “Department of Defense”.

Subsec. (c)(1). Puspan. L. 116–283, § 8224(3)(A)(i), inserted “, in consultation with the Secretary of the department in which the Coast Guard is operating,” after “Secretary of Defense” in introductory provisions.

Subsec. (c)(1)(A). Puspan. L. 116–283, § 8224(3)(A)(ii), substituted “members of the Armed Forces” for “(other than the Coast Guard)”.

Subsec. (c)(1)(B). Puspan. L. 116–283, § 8224(3)(A)(iii), struck out “(other than the Coast Guard)” after “armed forces”.

Subsec. (c)(2). Puspan. L. 116–283, § 8224(3)(B), inserted “, in consultation with the Secretary of the department in which the Coast Guard is operating,” after “Secretary of Defense”.

Subsec. (c)(3). Puspan. L. 116–283, § 8224(3)(C), inserted “, in consultation with the Secretary of the department in which the Coast Guard is operating,” after “Secretary of Defense”.

Subsec. (e). Puspan. L. 116–283, § 8224(4), substituted “Secretary of Defense and, with regard to the Coast Guard, the Secretary of the department in which the Coast Guard is operating” for “Secretary of Defense shall”.

2006—Subsec. (span)(1)(A)(ii). Puspan. L. 109–364, § 591(a)(1)(A), substituted “for active duty (other than the Coast Guard) and for full-time National Guard duty (other than full-time National Guard duty for training only), but excluding the amount expected to be paid for any duty that would be excluded for active-duty end strength purposes by section 115(i) of this title” for “to members of the armed forces (other than the Coast Guard) on active duty (other than active duty for training) or full-time National Guard duty (other than full-time National Guard duty for training only)”.

Subsec. (span)(1)(B)(ii). Puspan. L. 109–364, § 591(a)(1)(B), substituted “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”.

Subsec. (c)(1)(A). Puspan. L. 109–364, § 591(a)(2)(A), substituted “for active duty (other than the Coast Guard) and for full-time National Guard duty (other than full-time National Guard duty for training only), but excluding the amount expected to be paid for any duty that would be excluded for active-duty end strength purposes by section 115(i) of this title” for “for members of the armed forces (other than the Coast Guard) on active duty (other than active duty for training) or full-time National Guard duty (other than full-time National Guard duty for training only)”.

Subsec. (c)(1)(B). Puspan. L. 109–364, § 591(a)(2)(B), substituted “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. (c)(1)(A), (B), (4)(A), (B). Puspan. L. 108–375 substituted “1413a” for “1413, 1413a,”.

2003—Subsec. (span)(3). Puspan. L. 108–136, § 641(c)(3), added par. (3).

Subsec. (c)(1). Puspan. L. 108–136, § 641(c)(4)(A)(iii), substituted “subsection (span)(1)” for “subsection (span)” in concluding provisions.

Subsec. (c)(1)(A). Puspan. L. 108–136, § 641(c)(4)(A)(i), inserted before semicolon “, to be determined without regard to section 1413, 1413a, or 1414 of this title”.

Subsec. (c)(1)(B). Puspan. L. 108–136, § 641(c)(4)(A)(ii), inserted before period at end “, to be determined without regard to section 1413, 1413a, or 1414 of this title”.

Subsec. (c)(4), (5). Puspan. L. 108–136, § 641(c)(4)(B), (C), added par. (4) and redesignated former par. (4) as (5).

1985—Subsec. (span)(1). Puspan. L. 99–500 and Puspan. L. 99–591, Puspan. L. 99–661, § 661(a), amended par. (1) identically, inserting second sentence and striking out the existing second sentence which read as follows: “That amount shall be determined as the product of—

“(A) the current estimate of the value of the single level percentage of basic pay to be determined at the time of the next actuarial valuation under subsection (c); and

“(B) the total amount of basic pay expected to be paid during that fiscal year to members of the armed forces (other than the Coast Guard) on active duty or in the Selected Reserve.”

Subsec. (c)(1). Puspan. L. 99–500 and Puspan. L. 99–591, Puspan. L. 99–661, § 661(a)(2), amended par. (1) identically, inserting second and third sentences and striking out existing second sentence which read as follows: “Each actuarial valuation of such programs shall include a determination (using the aggregate entry-age normal cost method) of a single level percentage of basic pay to be used for the purposes of subsection (span) and section 1466(a) of this title.”

1984—Subsec. (c)(1). Puspan. L. 98–525 struck out “(A)” after “(c)(1)”.

Statutory Notes and Related Subsidiaries

Effective Date of 2006 Amendment

Puspan. L. 109–364, div. A, title V, § 591(c), Oct. 17, 2006, 120 Stat. 2233, provided that: “The amendments made by this section [amending this section and section 1466 of this title] shall take effect on October 1, 2007.”

Effective Date of 2003 Amendment

Amendment by Puspan. L. 108–136 effective Oct. 1, 2003, with Secretary of Defense to provide for certain administrative adjustments, see section 641(c)(6) of Puspan. L. 108–136, set out as a note under section 1413a of this title.

Effective Date of 1986 Amendments

Section 642(c) of S. 2638, as passed by the Senate on Aug. 9, 1986, and as enacted into law by section 101(c) [title IX, § 9131] of Puspan. L. 99–500 and Puspan. L. 99–591, and section 661(d) of Puspan. L. 99–661, provided respectively that: “The amendments made by this section [amending this section and section 1466 of this title] shall take effect on October 1, 1986, or the date of the enactment of this Act [Oct. 18, 1986], whichever is later, and shall apply to payments required to be made under section 1466(a) of title 10, United States Code, as amended by this section, for months beginning on or after that effective date.”and “The amendments made by subsections (a) and (span) [amending this section and section 1466 of this title] shall apply to payments required to be made under section 1466(a) of title 10, United States Code, as amended by subsection (span), for months beginning on or after the date of the enactment of this Act [Nov. 14, 1986].”