عنوان

The accrual method for funding military retirement :

(Number (ISBN

0833027077

(Number (ISBN

9780833027078

Number

b755712

Title Proper

The accrual method for funding military retirement :

General Material Designation

[Book]

Other Title Information

assessment and recommended changes /

First Statement of Responsibility

Richard L. Eisenman [and others].

Place of Publication, Distribution, etc.

Santa Monica, CA :

Name of Publisher, Distributor, etc.

RAND,

Date of Publication, Distribution, etc.

2001.

Specific Material Designation and Extent of Item

xix, 80 pages :

Other Physical Details

illustrations ;

Dimensions

28 cm.

Series Title

MR ;

Volume Designation

811-OSD

Text of Note

Includes bibliographical references (pages 79-80).

Text of Note

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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Text of Note

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.

Title

Accrual method for funding military retirement.

Accrual basis accounting.

Military pensions-- United States.

Accounting.

Accrual basis accounting.

Armed Forces-- Appropriations and expenditures.

Fringe benefits.

Military pensions.

Retirement (Personnel)

Salaries.

United States, Armed Forces, Appropriations and expenditures.

United States.

United States.

0

0

7

Number

Edition

Class number

Book number

Eisenman, Richard,1928-

Date of Transaction

20201204155632.0

Electronic name

[Book]

Y