Financial Management: Implications of Significant Recent and Potential Changes for the Actuarial Soundness of the Department of Defense Survivor Benefit Plan Program

Abstract

This report responds to a legislative mandate to report on the effects of certain program changes on the actuarial soundness1 of the Survivor Benefit Plan (SBP) program, which is part of the Department of Defense's (DOD) Military Retirement Fund (Fund). The primary purpose of the SBP is to provide benefits to the surviving dependents of deceased members or retirees of the armed forces. In certain cases, individuals other than dependents can be designated recipients of survivor benefits. The Fund accumulates financing resources in order to fund, on an actuarially sound basis, the liabilities of the military retirement and SBP programs.

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Document Details

Document Type
Technical Report
Publication Date
Jul 26, 2006
Accession Number
AD1170037

Entities

People

  • Danielle Free
  • Gary T. Engel
  • Joseph Applebaum
  • Linda Garrison
  • Molly Boyle
  • Vera Seekins

Organizations

  • United States Government Accountability Office

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  • Biomedical

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Readers

  • Defense Acquisition Program Management
  • Defense Financial Management and Audit.
  • Military Mobilization and Reserve Forces Studies.