Military Retirement Fund Audited Financial Report. Fiscal Year 2013
OFFICE OF THE INSPECTOR GENERAL (DEPARTMENT OF DEFENSE) ALEXANDRIA VA
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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 OUSDC, 2 Defense Finance and Accounting Service DFAS, and 3 Office of the Under Secretary of Defense for Personnel and Readiness OUSDPR. DFAS is responsible for the accounting, investing, payment of benefits, and reporting of the MRF. The DoD Office of the Actuary OACT within OUSDPR calculates the actuarial liability of the MRF. The Office of Military Personnel Policy within OUSDPR issues policy related to MRS benefits. While the MRF does not have a specified Chief Financial Officer CFO, the OUSDC has oversight of the MRFs financial reporting processes.
- Economics and Cost Analysis
- Personnel Management and Labor Relations