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FPCD-76-43 1 (1976-03-04)

handle is hein.gao/gaobaabnt0001 and id is 1 raw text is: 



REPORT TO THE CHAIRMAN
                                       UNITED STATES

OF THE TASK FORCE GEEneRAL CCOUNTAG OFFC

n AT AT W)TITAT  lT 1 W.1.M,


SENATE BUDGET COMMITTEE
                                     LIBRARY s .'7

BY THE COMPTROLLER GENERAL


OF THE UNITED STATES


I   III9II993II)I I)I 1)1l11/I I )IIii I -
     LM099938


A Contributory Retirement System

For Military Personnel





Department of Defense






Military retired pay costs are increasing
sharply. In fiscal year 1965 there were
462,000 military retirees receiving $1.4
bil!ion. For fiscal 1976, the military retired
population had more than doubled to 1.1
million members receiving about $6.9 billion.
Proposed legislative reform of the military
retirement system does not include a contrib-
utory feature. GAO reviewed and summarized
the material available on the issue of a con-
tributory military retirement system. This
report identifies the advantages and disad-
vantages, the cost implications, and the issues
to be resolved.




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 F PCD-75-43


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