unfunded liability

(B)For purposes of subparagraph (A), the term “unfunded liability” means the estimated excess, determined on an annual basis in accordance with the provisions of, 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. (C)There are authorized to be appropriated such sums as may be necessary to carry out this paragraph.

Source

28 USC § 377(o)(3)(B)


Scoping language

For purposes of subparagraph
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