Military Retirement Fund Audited Financial Report. Fiscal Year 2013

Abstract

The reporting entity is the Department of Defense (DoD) Military Retirement Fund (MRF, or Fund ). The Military Retirement System (MRS) provides benefits for military members retirement from active duty and the reserves, disability retirement benefits, and survivor benefits. The MRF accumulates funds to finance, on an actuarial basis, the liabilities of DoD under military retirement and survivor benefit programs. Within DoD, the operations of the MRS are jointly overseen by the: (1) Office of the Under Secretary of Defense (Comptroller) (OUSD(C)), (2) Defense Finance and Accounting Service (DFAS), and (3) Office of the Under Secretary of Defense for Personnel and Readiness (OUSD(P&R)). DFAS is responsible for the accounting, investing, payment of benefits, and reporting of the MRF. The DoD Office of the Actuary (OACT) within OUSD(P&R) calculates the actuarial liability of the MRF. The Office of Military Personnel Policy within OUSD(P&R) issues policy related to MRS benefits. While the MRF does not have a specified Chief Financial Officer (CFO), the OUSD(C) has oversight of the MRF's financial reporting processes.

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Document Details

Document Type
Technical Report
Publication Date
Dec 09, 2013
Accession Number
ADA596522

Entities

Organizations

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

Tags

Communities of Interest

  • Biomedical

DTIC Thesaurus Topics

  • Business Administration
  • Commerce
  • Department Of Defense
  • Department Of Veterans Affairs
  • Employment
  • Federal Budgets
  • Financial Management
  • Governments
  • Health Services
  • Investments
  • Law
  • Management Personnel
  • Military Personnel
  • National Governments
  • Personnel Management
  • United States
  • United States Government

Readers

  • Defense Financial Management and Audit.