unfunded liability

(5)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; and (iii)the fund balance as of the date on which the unfunded liability is determined.

Source

50 USC § 2001(5)


Scoping language

When used in this chapter
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