Retirement Accounting and the Unfunded Liability.

Abstract

This thesis examines military retirement costs and the much-publicized unfunded liability that has accrued. Accounting and funding of pension costs in the private sector are analyzed by discussing accepted actuarial valuations and cost methods, Accounting Principles Board (APB) Opinion No. 8, and the Employee Retirement Income Security Act (ERISA) of 1974. Private sector procedures are then compared to retirement plans and procedures in the public sector. Finally, the nature and trend of military retirement costs is presented, followed by arguments as to the relevance of the unfunded liability. The thesis concludes with the observation that the growing governmental liabilities for retirement and social programs need formal recognition. The controversy surrounding military retirement costs, a small and relatively stabilized portion of this liability, is considered to be over-emphasized. (Author)

Open PDF

Document Details

Document Type
Technical Report
Publication Date
Mar 01, 1979
Accession Number
ADA070263

Entities

People

  • Albert T. Church Iii

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Biomedical
  • Human Systems

DTIC Thesaurus Topics

  • Accounting
  • Business Administration
  • Contracts
  • Department Of Defense
  • Federal Budgets
  • Finance
  • Financial Management
  • Governments
  • Law
  • Management Personnel
  • Military Personnel
  • Money
  • National Security
  • Public Administration
  • Revenue
  • United States
  • United States Government

Readers

  • Criminal Law
  • Defense Acquisition Program Management
  • Military Mobilization and Reserve Forces Studies.