normal-cost percentage
Defined in 2 places of the United States Code.
“normal-cost percentage” means the entry-age normal cost computed by the Office of Personnel Management in accordance with generally accepted actuarial practice and standards (using dynamic assumptions) and expressed as a level percentage of aggregate basic pay;
Source
- 2003–present5 U.S.C. § 8331Government Organization and Employees · Definitions · in this section
the term “normal-cost percentage” means the entry-age normal cost of the provisions of the System which relate to the Fund, computed by the Office in accordance with generally accepted actuarial practice and standards (using dynamic assumptions) and expressed as a level percentage of aggregate basic pay;
Source
- 1994–present5 U.S.C. § 8401Government Organization and Employees · Definitions · in this section