Introduction Statement of the Administrator Summary of FY 2002 Budget Request Program, Performance, and Prospects Operating Expenses, USAID Working Capital Fund Operation Expenses, Inspector General Foreign Service Disability and Retirement Fund Summary Tables Regions     Africa     Asia & the Near East     Europe & Eurasia     Latin America & the Caribbean Central Programs Glossary Abbreviations and Acronyms Wednesday, 29-May-2002 18:52:46 EDT

(Dollars in Thousands)

In FY 1974, amendments to the Foreign Assistance Act of 1961, as amended, permitted USAID career foreign service employees to become participants in the Foreign Service Retirement and Disability Fund.

The extension of coverage to USAID employees created an unfunded liability in the system. An actuarial determination by the Department of the Treasury shows that in FY 2002, $44,880,000 will be required to amortize this liability and the unfunded liability created by pay raises and benefit changes since FY 1974. For FY 2002, USAID is requesting an appropriation of this amount.

¹Authorized by Chapter 8 of the Foreign Service Act of 1980. [return to top]