Summary of FY 2001 Budget Request Statement of the Administrator Summary of FY 2000 Emergency Supplement Request Program Performance & Prospects Management Improvements & Challenges Operating Expenses, USAID Operating 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 BHR, Global, PPC Glossary Abbreviations & Acronyms Friday, 03-Aug-2001 23:37:48 EDT

FOREIGN SERVICE RETIREMENT AND DISABILITY FUND ¹

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 2001, $44,489,000 will be required to amortize this liability and the unfunded liability created by pay raises and benefit changes since FY 1974. For FY 2001, USAID is requesting an appropriation of this amount.

¹ Authorized by Chapter 8 of the Foreign Service Act of 1980.