unfunded liability
Defined in 7 places across 5 titles of the United States Code.
For purposes of paragraph (1), the term “unfunded liability” means the estimated excess, determined on an annual basis in accordance with the provisions of section 9503 of title 31, United States Code, of the present value of all benefits payable from the Judicial Survivors’ Annuities Fund, over the sum of—
(A) the present value of deductions to be withheld from the future basic pay of judicial officials; plus
(B) the balance in the Fund as of the date the unfunded liability is determined.
Source
- 201328 U.S.C. § 376Judiciary and Judicial Procedure · Annuities for survivors of certain judicial officials of the United States · under this section
For purposes of paragraph (1), the term "unfunded liability" means the estimated excess, determined on an annual basis in accordance with the provisions of section 9503 of title 31, United States Code, of the present value of all benefits payable from the Judicial Survivors' Annuities Fund, over the sum of—
(A) the present value of deductions to be withheld from the future basic pay of judicial officials; plus
(B) the balance in the Fund as of the date the unfunded liability is determined.
In making any determination under this paragraph, the Comptroller General shall use the applicable information contained in the reports filed pursuant to section 9503 of title 31, United States Code, with respect to the judicial survivors' annuities plan established by this section.
Source
- 1995–present28 U.S.C. § 376Judiciary and Judicial Procedure · Annuities for survivors of certain judicial officials of the United States · under this section
For purposes of subparagraph (A), the term “unfunded liability” means the amount estimated by the Secretary to be equal to the excess (as of the close of the fiscal year involved) of—
(i) the present value of all benefits payable from the survivors annuity fund (determined on an annual basis in accordance with section 9503 of title 31, United States Code), over
(ii) the sum of—
(I) the present values of future deductions under subsection (c) and future deposits under subsection (d), plus
(II) the balance in such fund as of the close of such fiscal year.
Source
- 1994–present26 U.S.C. § 7448Internal Revenue Code · Annuities to surviving spouses and dependent children of judges and special trial judges · for purposes of this section
For purposes of subparagraph (A), the term "unfunded liability" means the estimated excess, determined on an annual basis in accordance with the provisions of section 9503 of title 31, of the present value of all benefits payable from the Court of Federal Claims Judges Retirement Fund, over the balance in the Fund as of the date the unfunded liability is determined. In making any determination under this subparagraph, the Comptroller General shall use the applicable information contained in the reports filed pursuant to section 9503 of title 31, with respect to the retirement annuities provided for in this section.
Source
- 1995–present28 U.S.C. § 178Judiciary and Judicial Procedure · Retirement of judges of the Court of Federal Claims · under this section
For purposes of subparagraph (A), the term “unfunded liability” means the estimated excess, determined on an annual basis in accordance with the provisions of section 9503 of title 31, of the present value of all benefits payable from the Judicial Officers’ Retirement Fund over the sum of—
(i) the present value of deductions to be withheld under this section from the future basic pay of bankruptcy judges and magistrate judges; plus
(ii) the balance in the Fund as of the date the unfunded liability is determined.
Source
- 201328 U.S.C. § 377Judiciary and Judicial Procedure · Retirement of bankruptcy judges and magistrate judges · under this section
For purposes of subparagraph (A), the term "unfunded liability" means the estimated excess, determined on an annual basis in accordance with the provisions of section 9503 of title 31, of the present value of all benefits payable from the Judicial Officers' Retirement Fund over the sum of—
(i) the present value of deductions to be withheld under this section from the future basic pay of bankruptcy judges and magistrate judges; plus
(ii) the balance in the Fund as of the date the unfunded liability is determined.
In making any determination under this subparagraph, the Comptroller General shall use the applicable information contained in the reports filed pursuant to section 9503 of title 31, with respect to the retirement annuities provided for in this section.
Source
- 2000–present28 U.S.C. § 377Judiciary and Judicial Procedure · Retirement of bankruptcy judges and magistrate judges · under this section
For purposes of subparagraph (A), the term “unfunded liability” means the estimated excess, determined on an annual basis in accordance with the provisions of section 9503 of title 31, of the present value of all benefits payable from the Judicial Officers’ Retirement Fund over the sum of—
(i) the present value of deductions to be withheld under this section from the future basic pay of bankruptcy judges and magistrates; plus
(ii) the balance in the Fund as of the date the unfunded liability is determined.
In making any determination under this subparagraph, the Comptroller General shall use the applicable information contained in the reports filed pursuant to section 9503 of title 31, with respect to the retirement annuities provided for in this section.
Source
- 1995–200028 U.S.C. § 377Judiciary and Judicial Procedure · Retirement of bankruptcy judges and magistrate judges · under this section
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.
Source
- 2016–present50 U.S.C. § 2001War and National Defense · Definitions relating to the system · in this chapter
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 of this chapter 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.
Source
- 1994–201650 U.S.C. § 2001War and National Defense · Definitions relating to the system · in this chapter
"unfunded liability" means the estimated excess of the present value of all benefits payable from the Fund to employees and Members, and former employees and Members, subject to this subchapter, and to their survivors, over the sum of—
(A) the present value of deductions to be withheld from the future basic pay of employees and Members currently subject to this subchapter and of future agency contributions to be made in their behalf; plus
(B) the present value of Government payments to the Fund under section 8348(f) of this title; plus
(C) the Fund balance as of the date the unfunded liability is determined;
Source
- 1994–present5 U.S.C. § 8331Government Organization and Employees · Definitions · in this section
“unfunded liability” means the estimated excess of the present value of all benefits payable from the Fund under this part over the sum of—
(A) the present value of deductions to be withheld from the future basic salary of participants and of future agency contributions to be made on their behalf, plus
(B) the present value of Government payments to the Fund under section 4061 of this title, plus
(C) the Fund balance as of the date the unfunded liability is determined.
Source
- 1994–199822 U.S.C. § 4044Foreign Relations and Intercourse · Definitions · as used in this part
"unfunded liability" means the estimated excess of the present value of all benefits payable from the Fund under this part over the sum of—
(A) the present value of deductions to be withheld from the future basic salary of participants and of future agency contributions to be made on their behalf, plus
(B) the present value of Government payments to the Fund under section 4061 of this title, plus
(C) the Fund balance as of the date the unfunded liability is determined; and
Source
- 1998–present22 U.S.C. § 4044Foreign Relations and Intercourse · Definitions · as used in this part