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>> Budget FY 2003 Home >> Foreign Service Retirement and Disability Fund | ||||||||
Budget Request |
FY 2000 Actual | FY 2001 Actual | FY 2002 Estimate | FY 2003 Request |
---|---|---|---|
43,837 | 44,489 | 44,880 | 45,200 |
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 2003, $45,200,000 will be required to amortize this liability and the unfunded liability created by pay raises and benefit changes since FY 1974.
For FY 2003, USAID is requesting an appropriation of this amount.
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