Foreign Service Normal Cost Law and Legal Definition
Pursuant to 22 USCS § 4044 (5) [Title 22. Foreign Relations And Intercourse; Chapter 52. Foreign Service; Foreign Service Retirement And Disability; Foreign Service Retirement And Disability System], the term Foreign Service normal cost means the level percentage of payroll required to be deposited in the Fund to meet the cost of benefits payable under the System (computed in accordance with generally accepted actuarial practice on an entry-age basis) less the value of retirement benefits earned under another retirement system for Government employees and less the cost of credit allowed for military and naval service.
Legal Definition list
- Foreign Service Institute [FSI]
- Foreign Service Grievance Board Regulations
- Foreign Securities Authority
- Foreign Sales Corporation
- Foreign Sales (Entertainment law)
- Foreign Service Normal Cost
- Foreign Shell Bank
- Foreign Sovereign Immunities Act of 1976 [FSIA]
- Foreign State
- Foreign State of Chargeability [Immigration]
- Foreign Tax
Related Legal Terms
- Abnormal Loss
- Abnormal Profits
- Abnormal Spoilage
- Abnormally Dangerous Activity
- Above the Line Costs (Entertainment Law)
- Absent Uniformed Services Voter
- Absorption Costing
- Accelerated Cost Recovery System
- Acceptable Identification of Goods and Services Manual
- Acceptable Quality Level [Agricultural Marketing Service]
