Retirement accounting and the unfunded liability.
Church, Albert T.
MetadataShow full item record
This thesis examines military retirement costs and the muchpublicized 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.
Approved for Public Release; Distribution Unlimited
Showing items related by title, author, creator and subject.
Batchelder, Craig D.; Lombard, Edward A. (Monterey, California. Naval Postgraduate School, 2005-12);Military service members are a diverse population, and have numerous different financial situations and needs. While the current total military retirement compensation package is by many accounts fair, adding flexibility ...
Rendon, Rene G.; Mutty, John (Monterey, California. Naval Postgraduate School., 2006); NPS-CM-06-042This research paper explores the Department of Defense (DoD) policies and practices for managing contract termination liability. The specific purpose of the research is to review current policies, practices, and procedures ...
Rendon, Rene G.; Mutty, John (2006-09-01); NPS-CM-06-042This research paper explores the Department of Defense (DoD) policies and practices for managing contract termination liability. The specific purpose of the research is to review current policies, practices, and procedures ...