Defense budgets (1 - 4 of 4 items)
Pension Costs on DOD Contracts: Additional Guidance Needed to Ensure Costs Are Consistent and Reasonable
GAO-13-158: Published: Jan 22, 2013. Publicly Released: Jan 22, 2013.
Labor costs are included in the prices contractors negotiate with the Department of Defense (DOD), and include pension costs as these are a normal element of employee compensation. Contractors make two sets of calculations for their defined benefit pension plans, following two sets of standards: (1) Cost Accounting Standards (CAS), which determine how pension costs are allocated to government cont...
DOD Budget: Budget Impact of Proposed Reduced Retirement Fund Payments
NSIAD-92-80: Published: Jun 5, 1992. Publicly Released: Jun 5, 1992.
Pursuant to a congressional request, GAO provided information on the Future Years Defense Program (FYDP), focusing on a DOD proposal to decrease its contributions to the Military Retirement Fund by $11 billion annually.GAO found that: (1) in February 1991, DOD proposed to change the method for calculating its annual payments to the retirement fund, which would reduce its submissions by $10.7 billi...
Summaries of Conclusions and Recommendations on Department of Defense Operations
OISS-80-1: Published: Jan 21, 1980. Publicly Released: Jan 21, 1980.
A summary is provided of conclusions and recommendations resulting from GAO audits and other review work in the Department of Defense. While the reports have previously brought the matters to the attention of Congress and departmental officials, the summary was compiled to assist congressional committees in their review of budget requests for fiscal year 1981.Reports concerning national defense ar...
Need for Recognition of the Full Cost of Retirement Benefits for Federal Work Force
FPCD-79-49: Published: Apr 11, 1979. Publicly Released: Apr 11, 1979.
The Senate adopted a resolution requiring the Secretary of the Treasury to conduct a complete study of certain Federal and District of Columbia retirement programs to determine their financing methods, the extent of their unfunded liabilities, and any actions necessary to insure their solvency. A series of reports on Federal retirement matters have been issued since 1974. Congress is not being pro...