Foreign Service
Retirement and Disability Fund¹

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Introduction Statement of the Administrator USAID Organization Chart Assisted Countries - World Map Summary of FY 2003 Budget Request Program Highlights Management Improvements Operating & Administrative Expenses Capital Investment Fund Working Capital Fund Operation Expenses of the Inspector General Foreign Service Retirement and Disability Fund Summary Tables Regions     Africa     Asia & the Near East     Europe & Eurasia     Latin America & the      Caribbean Central Programs Glossary Abbreviations and Acronyms 12       Budget Request Foreign Service Retirement and Disability Fund (Thousand Dollars) 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. ¹ Authorized by Chapter 8 of the Foreign Service Act of 1980

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