The Accrual Method for Funding Military Retirement: Assessment and Recommended Changes

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (227 download)

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Book Synopsis The Accrual Method for Funding Military Retirement: Assessment and Recommended Changes by :

Download or read book The Accrual Method for Funding Military Retirement: Assessment and Recommended Changes written by and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Until 1984, the amount appearing in the DoD budget under "military retirement" was the annual payment to retired military personnel or their survivors--equaling approximately $16 billion that year. That amount reflected the number of retirees and the retirement system that resulted from force-management decisions made 20 or more years earlier. Those managing the personnel force in 1984 essentially had no control over these retirement-budget payments. Similarly, force managers in 1984 could make decisions influencing future retirement expenditures without answering for them in their own budgets. Policymakers were concerned that this system could result in increasingly expensive retirement plans, a more senior force, more retirees than justified by force-readiness considerations, and poor decisions involving substitution of civilian and military personnel and between capital and labor investments.

The Accrual Method for Funding Military Retirement

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Publisher : RAND Corporation
ISBN 13 :
Total Pages : 106 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Accrual Method for Funding Military Retirement by : Richard Eisenman

Download or read book The Accrual Method for Funding Military Retirement written by Richard Eisenman and published by RAND Corporation. This book was released on 2001 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: Until 1984, the amount appearing in the DoD budget under "military retirement" was the annual payment to retired military personnel or their survivors--equaling approximately $16 billion that year. That amount reflected the number of retirees and the retirement system that resulted from force-management decisions made 20 or more years earlier. Those managing the personnel force in 1984 essentially had no control over these retirement-budget payments. Similarly, force managers in 1984 could make decisions influencing future retirement expenditures without answering for them in their own budgets. Policymakers were concerned that this system could result in increasingly expensive retirement plans, a more senior force, more retirees than justified by force-readiness considerations, and poor decisions involving substitution of civilian and military personnel and between capital and labor investments.

A Policymaker's Guide to Accrual Funding of Military Retirement

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Publisher : RAND Corporation
ISBN 13 :
Total Pages : 100 pages
Book Rating : 4.:/5 (42 download)

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Book Synopsis A Policymaker's Guide to Accrual Funding of Military Retirement by : William Michael Hix

Download or read book A Policymaker's Guide to Accrual Funding of Military Retirement written by William Michael Hix and published by RAND Corporation. This book was released on 1997 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1985, military retirement has been funded prospectively on an accrual basis. A recommended change to service-specific imputations of normal cost would result in lower funding by the Army, Navy, and Marine Corps, and increased funding by the Air Force.

Accrual Accounting for Military Retirement

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Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis Accrual Accounting for Military Retirement by : Marvin M. Smith

Download or read book Accrual Accounting for Military Retirement written by Marvin M. Smith and published by . This book was released on 1983 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Funding Military Retirement

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Publisher :
ISBN 13 :
Total Pages : 2 pages
Book Rating : 4.:/5 (378 download)

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Book Synopsis Funding Military Retirement by :

Download or read book Funding Military Retirement written by and published by . This book was released on 1997 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Funding the Military Retirement System: A Private Sector Investment Approach to Accrual Accounting

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Publisher :
ISBN 13 :
Total Pages : 127 pages
Book Rating : 4.:/5 (227 download)

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Book Synopsis Funding the Military Retirement System: A Private Sector Investment Approach to Accrual Accounting by : Eugene H. Henry

Download or read book Funding the Military Retirement System: A Private Sector Investment Approach to Accrual Accounting written by Eugene H. Henry and published by . This book was released on 1987 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt: The military retirement system is frequently a candidate for budget cuts. Most cost-cutting proposals and legislative actions have been aimed at the benefit structure of the retirement system. However, Public Law 98-94, enacted on October 1, 1984, addresses the funding aspect of the military retirement system. The law, which established accrual accounting and a military retirement fund, ensures immediate recognition of the future costs of the retirement system when considering any force size changes and pay changes for DOD. To pay for these future costs, the retirement system partially relies on the investment of excess retirement funds in special interest Treasury securities. This research concerns the investment aspect of accrual accounting, in particular, the possibility of investing the military retirement fund in the private sector instead of the within the government. To accomplish this macro-level research, it is necessary to determine representative private investment plans. The real interest returns of the plans, as determined by several factors such the management of the fund, inflation, and debt implications, are compared to the real return currently assumed by the DOD office of the Actuary for the special issue securities.

Budgeting and Investing in the Military Retirement Fund

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Publisher :
ISBN 13 :
Total Pages : 96 pages
Book Rating : 4.:/5 (64 download)

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Book Synopsis Budgeting and Investing in the Military Retirement Fund by : Samuel J. Smithers

Download or read book Budgeting and Investing in the Military Retirement Fund written by Samuel J. Smithers and published by . This book was released on 1993 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Military Retirement Fund (MRF) was established in 1984 and accrual accounting procedures were adopted to manage it. Prior to 1984, military retirement was funded on a 'pay-as-you-go' basis, meaning that annual appropriations from general revenues or borrowing were used to cover retirees' pensions. This thesis reviews the developments which led to the establishment of the MRF, the mechanics of the accrual accounting procedures, the procedures followed by Congress in budgeting for the MRF, and the investment plan and the securities chosen for investment of MRF funds. While the Military Retirement Fund and its accrual accounting system are not highly visible components of the DoD budgetary and funding process, their impact on retired military personnel, the DoD budget and the national debt is significant. In addition, the Military Retirement Fund and accrual accounting were instrumental in paving the way for the reform of military retirement benefits in FY 1986. An understanding of this system and the unique problems that it presents provides a valuable contribution to further understanding of the defense budget and its treatment within the congressional budget process.

Accrual Funding for Military Retirement Health Care

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (456 download)

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Book Synopsis Accrual Funding for Military Retirement Health Care by : Melvin R. Etheridge

Download or read book Accrual Funding for Military Retirement Health Care written by Melvin R. Etheridge and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Accrual Funding for Military Retirement Health Care

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (459 download)

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Book Synopsis Accrual Funding for Military Retirement Health Care by : Logistics Management Institute

Download or read book Accrual Funding for Military Retirement Health Care written by Logistics Management Institute and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "The FY01 Defense Authorization Act established a Medicare-Eligible Retiree Health Care Fund to finance the DoD retirement health care benefits for Medicare-eligible military retirees and their dependents and survivors on an accrual basis. This report presents research findings, conclusions, and recommendation on the implementation and operation of accrual funding for military retirement health care. Issues addressed include organizational roles, relationships, and responsibilities; methods to calculate trust fund deposits and withdrawals; meghods to pay for the health care of Medicare-eligible beneficiaries; and management and internal control requirements. The report also addresses the issue of expanding the coverage of the Fund to all military retirement health care."--Report documentation page.

Accrual Funding for Military Retirement Health Care

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Publisher :
ISBN 13 :
Total Pages : 98 pages
Book Rating : 4.:/5 (227 download)

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Book Synopsis Accrual Funding for Military Retirement Health Care by :

Download or read book Accrual Funding for Military Retirement Health Care written by and published by . This book was released on 2000 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: The FY01 Defense Authorization Act established a Medicare-Eligible Retiree Health Care Fund to finance the DoD retirement health care benefits for Medicare-eligible military retirees and their dependents and survivors on an accrual basis. This report presents research findings, conclusions, and recommendation on the implementation and operation of accrual funding for military retirement health care. Issues addressed include organizational roles, relationships, and responsibilities; methods to calculate trust fund deposits and withdrawals; methods to pay for the health care of Medicare-eligible beneficiaries; and management and internal control requirements. The report also addresses the issue of expanding the coverage of the Fund to all military retirement health care.

Funding the Military Retirement System

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Publisher :
ISBN 13 :
Total Pages : 232 pages
Book Rating : 4.:/5 (132 download)

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Book Synopsis Funding the Military Retirement System by : Eugene H. Henry (CAPT, USAF.)

Download or read book Funding the Military Retirement System written by Eugene H. Henry (CAPT, USAF.) and published by . This book was released on 1987 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Military Retirement Accrual Charge as a Signal for Defense Resource Allocation

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ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Military Retirement Accrual Charge as a Signal for Defense Resource Allocation by : Paul F. Hogan

Download or read book Military Retirement Accrual Charge as a Signal for Defense Resource Allocation written by Paul F. Hogan and published by . This book was released on 1989 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Accrual Funding of Military Retirement Health Care

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (297 download)

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Book Synopsis Accrual Funding of Military Retirement Health Care by : Melvin R. Etheridge

Download or read book Accrual Funding of Military Retirement Health Care written by Melvin R. Etheridge and published by . This book was released on 1993 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Military Retirement

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Publisher : DIANE Publishing
ISBN 13 : 9780788178573
Total Pages : 56 pages
Book Rating : 4.1/5 (785 download)

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Book Synopsis Military Retirement by : Sharon Cekala

Download or read book Military Retirement written by Sharon Cekala and published by DIANE Publishing. This book was released on 1999-05 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Changes made to the design of many civilian retirement systems over the past 2 decades, along with increasing federal budget pressures, have focused attention on whether the military retirement system is best designed to efficiently meet the needs of the DoD and members of the military services. This report addresses: (1) military retirement costs, (2) the role of military retirement in shaping and managing U.S. forces, and (3) proposed changes to modernize the system and contribute to more efficient force management. Charts and tables.

Modifying Military Retirement

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ISBN 13 :
Total Pages : 112 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis Modifying Military Retirement by : Neil M. Singer

Download or read book Modifying Military Retirement written by Neil M. Singer and published by . This book was released on 1984 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Accrual Accounting for Military Retirement

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Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (234 download)

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Book Synopsis Accrual Accounting for Military Retirement by : Marvin M. Smith

Download or read book Accrual Accounting for Military Retirement written by Marvin M. Smith and published by . This book was released on 1983 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Accrual Funding of Military Retirement Health Care

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (297 download)

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Book Synopsis Accrual Funding of Military Retirement Health Care by : Melvin R. Etheridge

Download or read book Accrual Funding of Military Retirement Health Care written by Melvin R. Etheridge and published by . This book was released on 1993 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: