DOD Budget: Budget Impact of Proposed Reduced Retirement Fund Payments
NSIAD-92-80
Published: Jun 05, 1992. Publicly Released: Jun 05, 1992.
Skip to Highlights
Highlights
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.
Recommendations
Matter for Congressional Consideration
| Matter | Status | Comments |
|---|---|---|
| Congress, in its budget deliberations, should consider that: (1) changes in the DOD retirement fund payment calculations account for a significant part of defense budget reductions; (2) retirement fund reductions caused by actuarial assumption changes do not represent reductions in defense programs or in long-term federal retirement obligations; and (3) actuarial estimates used in DOD FYDP have not been approved and will not be considered by the Military Retirement Board of Actuaries until July 1992. | DOD Office of the Comptroller officials stated that the fiscal years 1994 through 1999 FYDP will reflect adjustments to retirement fund payments to reflect results of Military Retirement Board of Actuaries. |
Full Report
Public Inquiries
Topics
Actuarial tablesAppropriation accountsBudget cutsDefense budgetsDefense cost controlGovernment retirement benefitsMathematical analysisPresidential budgetsPensionsMilitary retirement