100 STAT. 520
5 USC 8331 note.
PUBLIC LAW 99-335—JUNE 6, 1986 "(C) interest on the deductions and deposits which, for any calendar year, shall be equal to the overall average yield to the Fund during the preceding fiscal year from all obligations purchased by the Secretary of the Treasury during such fiscal year under section 8348(c), (d), and (e), as determined by the Secretary (compounded annually); but does not include interest— "(i) if the service covered thereby aggregates 1 year or less; or "(ii) for a fractional part of a month in the total service; "(20) the term 'Member' has the same meaning as provided in section 2106, except that such term does not include an individual who irrevocably elects, by written notice to the official by whom such individual is paid, not to participate in the Federal Employees' Retirement System; "(21) the term 'net earnings' means the excess of earnings over losses; "(22) the term 'net losses' means the excess of losses over earnings; "(23) 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; "(24) the term 'Office' means the Office of Personnel Management; "(25) the term 'price index' has the same meaning as provided in section 8331(15); "(26) the term 'service' means service which is creditable under section 8411; "(27) the term 'supplemental liability' means the estimated excess of— "(A) the actuarial present value of all future benefits payable from the Fund under this chapter based on the service of current or former employees or Members, over "(B) the sum of— "(i) the actuarial present value of deductions to be withheld from the future bcisic pay of employees and Members currently subject to this chapter pursuant to section 8422; "(ii) the actuarial present value of the future contributions to be made pursuant to section 8423(a) with respect to employees and Members currently subject to this chapter; "(iii) the Fund balance as of the date the supplemental liability is determined, to the extent that such balance is attributable— "(I) to the System, or "(II) to contributions made under the Federal Employees' Retirement Contribution Temporary Adjustment Act of 1983 by or on behalf of an individual who became subject to the System; and "(iv) any other appropriate amount, as determined by the Office in accordance with generally accepted actuarial practices and principles;
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