### Question
How does DEFINITIONS define normal cost?


### Answer
Under *50 U.S.C. § 2001*, **normal cost** is defined as:

> 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 service

#### Citation:
  - *50 U.S.C. § 2001*
  - Heading: **CHAPTER 38-CENTRAL INTELLIGENCE AGENCY RETIREMENT AND DISABILITY > SUBCHAPTER I-DEFINITIONS**

