22 USC § 4062 - Unfunded liability obligations

---
identifier: "/us/usc/t22/s4062"
source: "usc"
legal_status: "official_prima_facie"
title: "22 USC § 4062 - Unfunded liability obligations"
title_number: 22
title_name: "FOREIGN RELATIONS AND INTERCOURSE"
section_number: "4062"
section_name: "Unfunded liability obligations"
chapter_number: 52
chapter_name: "FOREIGN SERVICE"
subchapter_number: "VIII"
subchapter_name: "FOREIGN SERVICE RETIREMENT AND DISABILITY"
part_number: "I"
part_name: "Foreign Service Retirement and Disability System"
positive_law: false
currency: "119-84"
last_updated: "2026-03-26"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 96–465, title I, § 822, Oct. 17, 1980, 94 Stat. 2121; Ex. Ord. No. 12446, § 4(d), Oct. 17, 1983, 48 F.R. 48445.)"
---


# § 4062. Unfunded liability obligations

**(a)** **Notice of interest and military service credit** At the end of each fiscal year, the Secretary of State shall notify the Secretary of the Treasury of the amount equivalent to—

**(1)** interest on the unfunded liability computed for that year at the interest rate used in the then most recent valuation of the System, and

**(2)** that portion of disbursement for annuities for that year which the Secretary of State estimates is attributable to credit allowed for military and naval service, less an amount determined by the Secretary of State to be appropriate to reflect the value of the deposits made to the credit of the Fund under section 4045(e) of this title.

**(b)** **Credit to Fund** Before closing the accounts for each fiscal year, the Secretary of the Treasury shall credit such amounts to the Fund, as a Government contribution, out of any money in the Treasury of the United States not otherwise appropriated.

**(c)** **Reports to Congress** section 4061(b) of this title

Requests for appropriations to the Fund under  shall include reports to the Congress on the sums credited to the Fund under this section.

---

**Source Credit**: (Pub. L. 96–465, title I, § 822, Oct. 17, 1980, 94 Stat. 2121; Ex. Ord. No. 12446, § 4(d), Oct. 17, 1983, 48 F.R. 48445.)

## Editorial Notes

### Amendments

1983—Subsec. (a)(2). Ex. Ord. No. 12446 inserted “, less an amount determined by the Secretary of State to be appropriate to reflect the value of the deposits made to the credit of the Fund under ”.

## Statutory Notes and Related Subsidiaries

### Effective Date of 1983 Amendment

Amendment by Ex. Ord. No. 12446 effective , see section 4(e) of Ex. Ord. No. 12446, set out under .

### Termination of Reporting Requirements

For termination, effective , of provisions of law requiring submittal to Congress of any annual, semiannual, or other regular periodic report listed in House Document No. 103–7 (in which a report required under subsec. (c) of this section is listed on page 127), see , as amended, set out as a note under , Money and Finance.