---
kind: "section"
citation: "10 U.S.C. § 1117"
title: "10"
title_heading: "Armed Forces"
number: "1117"
heading: "Investment of assets of Fund"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/10/1117"
units:
  - "Subtitle A — General Military Law"
  - "Part II — Personnel"
  - "Chapter 56 — Department of Defense Medicare-Eligible Retiree Health Care Fund"
---

# §1117. Investment of assets of Fund


The [Secretary](/usc/10/4951.md?p=3) of the Treasury shall invest such portion of the Fund as is not in the judgment of the [Secretary](/usc/10/4951.md?p=3) of Defense required to meet current withdrawals. Such investments shall be in public debt securities with maturities suitable to the needs of the Fund, as determined by the [Secretary](/usc/10/4951.md?p=3) of Defense, and bearing interest at [rates](/usc/10/101.md?p=b-9) determined by the [Secretary](/usc/10/4951.md?p=3) of the Treasury, taking into consideration current market yields on outstanding marketable obligations of the [United States](/usc/10/101.md?p=a-1) of comparable maturities. The income on such investments shall be credited to and form a part of the Fund.


## Source credit

(Added Pub. L. 106–398, § 1 [[div. A], title VII, § 713(a)(1)], Oct. 30, 2000, 114 Stat. 1654, 1654A–184.)