The only retiree benefits for which a reserve can be funded are health and life insurance benefits, according to Sec.
* A reserve for post-retirement medical and life insurance benefits is funded over the remaining working lives of the employees covered by these benefits.
The new Millennium Challenge Account (MCA), an independent government corporation funded
at $1.3 billion will redefine "aid".
Until then, sex education had been funded
and directed at the state or local level (the exception being recent HIV/AIDS prevention workshops offered by educators or public officials trained by the Centers for Disease Control and Prevention (CDC)).
It interprets the term "reserve" to mean "funded
reserve," ignores the statutory term "limit," and reads the permissive term "allow" in the Conference Committee report as equivalent to the obligatory "require" or "mandate."
* The three program pillars discussed above will be funded
by the following five program accounts:
of principal or interest on any loan pursuant to any program funded
by this Act.
The SAIF institution can be funded
from nondeposit sources, while its depositors are encouraged to shift funds to the BIF institution.
If we assume that the provision will be extended, and the surplus continues, then we have already fully funded
our retiree health care obligations.
The deferred capital projects were built eventually but were funded
from different sources--in the case of housing, from current revenues.
Some employers have adopted "pseudo" funded
approaches, such as earmarked assets, corporate-owned life insurance, and "rabbi" trusts.