Data Supporting the FY 1998 DoD Military Retirement Health Benefits Liability Estimate.
Abstract
The audit (one in a series of audits to review the reliability of data elements used in the estimate of the Military Retirement Health Benefits. Liability) was performed in support of the Chief Financial Officers Act of 1990 (Public Law 101-576) and the Federal Financial Management Act of 1994 (Public Law 103-356). Public Law 103-356 requires DoD and other Government agencies to prepare financial statements for FY 1996 and each succeeding year. The DoD FY 1998 financial statements reported a $223 billion unfunded liability for DoD military retirement health benefits for FY 1998. The FY 1998 liability was based on the FY 1997 $218 billion estimate, projected to September 30, 1998. In addition, the $223 billion unfunded liability was 24 percent of the $948.5 billion of liabilities included on the DoD-wide financial statements and 8 percent of the estimated $2.7 trillion of the Federal Employee and Veteran Benefits payable. Military retirement health benefits are post-retirement benefits that DoD provides to military retirees and other eligible beneficiaries through the Civilian Health and Medical Program of the Uniformed Services and DoD military treatment facilities. Eligible beneficiaries also may obtain medical care from the private sector under the Civilian Health and Medical Program of the Uniformed Services. The Civilian Health and Medical Program of the Uniformed Services accounts for $51 billion of the $223 billion unfunded military retirement health benefits liability and the remaining $172 billion of the liability is for medical care that the DoD military treatment facilities will provide to eligible beneficiaries.
Document Details
- Document Type
- Technical Report
- Publication Date
- Apr 07, 1999
- Accession Number
- ADA367101
Entities
Organizations
- Office of the Inspector General, U.S. Department of Defense