Defense Agency Trust Fund Financial Statements for FY 1991.

Abstract

The Chief Financial Officers Act of 1990 requires an annual audit of the financial statements of the Defense Agency Trust Fund. The Defense Agency Trust Fund's financial statements contain only the statements of the Military Retirement Trust Fund (the Fund). The Fund was established as a trust fund in 1985 by public Law 98-94. For the FY 1991, the Fund paid 1.5 million retirees%$22.2 billion and 172,000 survivors $1.03 billion. As of September 30, 1991, Fund assets were $93.7 billion, and the unfunded liability was $525.8 billion. The Fund receives revenues from three sources (FY 1991 totals shown): contributions from the Services ($17.2 billion), payments from the United States Treasury for the unfunded liability ($10.7 billion), and interest earned on Treasury securities ($8.5 billion).

Open PDF

Document Details

Document Type
Technical Report
Publication Date
Jun 30, 1992
Accession Number
ADA377555

Entities

Organizations

  • Office of the Inspector General, U.S. Department of Defense

Tags

DTIC Thesaurus Topics

  • Accounting
  • Active Duty
  • Air Force
  • Congress
  • Control Systems
  • Data Centers
  • Department Of Defense
  • Finance
  • Financial Management
  • Governments
  • Investments
  • Law
  • Military Personnel
  • Money
  • National Guard
  • Personnel Management
  • United States

Readers

  • Defense Financial Management and Audit.