| Document Type
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BL
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| Record Number
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1001342
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| Doc. No
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b755712
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| Title & Author
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The accrual method for funding military retirement : : assessment and recommended changes /\ Richard L. Eisenman [and others].
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| Publication Statement
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Santa Monica, CA :: RAND,, 2001.
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| Series Statement
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MR ;; 811-OSD
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| Page. NO
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xix, 80 pages :: illustrations ;; 28 cm.
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| ISBN
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0833027077
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: 9780833027078
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| Bibliographies/Indexes
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Includes bibliographical references (pages 79-80).
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| Contents
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1. Introduction -- 2. The Ojectives and Design of the Military Retirement Accrual Method -- 3. Management Incentives in the Current System -- 4. Strengthening Management Incentives: Recommendations for Change -- 5. Fiscal Impact of Rand Recommendations -- 6. Conclusions.
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| Abstract
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Prior to 1984, military personnel force managers had little incentive to control retirement budgets and payments, which equaled $16 billion in 1984, since any decisions made would not be reflected in budgets for 20 or more years. Congress directed the Department of Defense in 1984 to switch to an accrual method for accounting for military retirement in the budget process that would replace the current outlays for retirement in the DoD budget with an amount that reflected the present value of the estimated cost of future retirement benefits earned by each incoming cohort of personnel. The accrual method has helped improve management of retirement benefits and liabilities, but has failed so far to produce either better estimates of retirement costs or effective incentives for better management of the force structure. The authors provide recommendations that would improve cost estimation and increase accountability for force-management decisions.
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| Subject
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Accrual basis accounting.
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| Subject
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Military pensions-- United States.
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| Subject
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Accounting.
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Accrual basis accounting.
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Armed Forces-- Appropriations and expenditures.
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| Subject
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Fringe benefits.
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Military pensions.
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Retirement (Personnel)
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Salaries.
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United States, Armed Forces, Appropriations and expenditures.
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United States.
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| Subject
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United States.
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| Dewey Classification
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353.5/49
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| LC Classification
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UB373.A23 2001
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| Added Entry
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Eisenman, Richard,1928-
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