### Question
What is the definition of net losses?


### Answer
The definition of **net losses** is as follows in *5 U.S.C. § 8401*:

> the excess of losses over earnings

#### Citation:
  - *5 U.S.C. § 8401*
  - Heading: **PART III-EMPLOYEES > Subpart G-Insurance and Annuities > CHAPTER 84-FEDERAL EMPLOYEES&rsquo; RETIREMENT SYSTEM > SUBCHAPTER I-GENERAL PROVISIONS**

