REPORT TO THE RANKING MINORITY MEMBER, COMMITTEE ON EDUCATION AND LABOR HOUSE OF REPRESENTATIVES

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP89-00066R000700060001-1
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 41
• Document Creation Date: December 27, 2016
• Document Release Date: August 8, 2013
• Sequence Number: 1
• Publication Date: September 26, 1985
• Content Type: REPORT

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3Y1
,S GE\ERAL ACCO
?\TI\G OFFICE
Report To The Ranking Minority Member,
Committee On Education And Labor
House Of Representatives
Summary Of 1983 Federal Pension
Plan Information
Federal pension plan administrators are
required by Public Law 95-595 to file an-
nual reports with the Congress and the
Comptroller General. This report sum-
marizes the principal financial, actuarial,
and general information reported on fed-
eral pension plans for 1983, the most re-
cent information available, and includes
selected comparative data for 1979
through 1983.
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GAO/AFMD-85-69
SEPTEMBER 26, 1985
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ACCOUNTING AND FINANCIAL
MANAGEMENT DIVISION
B-219842
UNITED STATES GENERAL ACCOUNTING OFFICE
WASHINGTON. D.C. 20548
The Honorable James M. Jeffords
House of Representatives
Dear Mr. Jeffords:
This report is in response to former Congressman John N.
Erlenborn's October 25, 1984, request that we summarize the
information in the federal pension plan reports filed with the
Comptroller General under 31 U.S.C. 9501-9504, Public Law
95-595 (1978). A summary of the principal financial, actuarial,
and general information reported by plan administrators for the
1983 plan year, the most recent year available, and selected
comparative data for plan years 1979 through 1983 are presented
in appendix II, tables 1-21.
In response to the other request made in Congressman
Erlenborn's letter, a telephone number has been published in the
U.S. General Accounting Office's telephone book, where inquiries
regarding federal pension plan reports may be directed.
Interested persons may call [phone] and arrange to
inspect the federal pension plan reports on file.
Public Law 95-595, enacted on November 4, 1978 extended
financial and actuarial reporting, already required for private
pension plans by the Employee Retirement Income Security Act of
1974, to plans covering the employees of the federal government,
its agencies, and instrumentalities. The purpose of the law was
"to protect the interests of the United States and of the
participants...in government pension plans by requiring complete
disclosure of the financial condition of those plans." The
Comptroller General and the Office of Management and Budget
jointly prescribe the form and content of the annual pension
plan reports. The reports are due 210 days after the last day
of each plan's fiscal year, and are to be sent to the Congress
and the Comptroller General. The first reports were submitted
for plan year 1979.
Currently, the administrators of 42 plans have prepared and
filed the 1983 annual reports, the most recently required
reports. (See table 1.) For those few plans for which
information has not been filed, we have sent the administrators
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B-219842
instructions for preparing the 1984 reports due in 1985. We
also identified reporting deficiencies for some plans, such as
incomplete or inconsistent information, and we are requesting
the responsible plan administrators to correct these
deficiencies in future reports.
Highlights of the 1983 information presented in appendix II
are summarized below. A glossary is included as appendix I.
--The plans covered 6.0 million active participants,
3.4 million annuitants, and 166 thousand separated
employees entitled to benefits in the future (table 1).
They ranged in size from the Civil Service and Military
Retirement Systems with 4.8 million and 4.5 million total
participants respectively, to plans such as the Tax
Court's with 25 participants.
--Net assets available for benefits for all plans totaled
$115.8 billion, an increase of 15.0 percent over 1982
(table 2). The Civil Service Retirement System accounted
for 94.9 percent of the assets. The Coast Guard, Public
Health Service, National Oceanic and Atmospheric
Administration plans, and a few of the smaller plans have
no assets, since they pay benefits as they come due
(pay-as-you-go), as did the Military Retirement System
until October 1, 1984.
--Changes in net assets (table 6) show:
--Benefits paid to participants by the pension plans
amounted to $37.1 billion.
--The largest funding source was employer
contributions, which totaled $37.7 billion--
$21.3 billion in contributory plans and
$16.4 billion in noncontributory plans.
--Employees in contributory plans paid $4.5 billion;
98.1 percent was to the Civil Service Retirement
System.
--Investment income was $10.5 billion for the funded
plans; 92.7 percent was for the Civil Service
Retirement System.
--Actuarial present value (current worth of an amount
payable in the future) of accumulated plan benefits
(benefits attributable to service rendered to plan year
end), a liability of the plans, totaled $978.2 billion,
an increase of 5.4 percent over 1982 (table 4).
--One measure of plan funding is given in table 5, which
compares the present value of benefits to net assets.
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B-219842
Plans that would have been fully funded if they had
terminated at the end of the 1983 plan year are the
Federal Reserve System, Tennessee Valley Authority,
Federal Home Loan Mortgage Corporation, most
nonappropriated fund instrumentalities (such as the
military exchange services), and the Farm Credit Bank
plans.
--The unfunded actuarial accrued liability (amount by which
present value of future benefits exceeds net assets in
the fund and present value of future contributions) was
$1.1 trillion, an increase of 4.8 percent over 1982
(table 9).
--Another measure of plan funding is the comparison of
actual funding to the funding that would be required to
meet two elements: 1) a computation of the annual
increase in what the plan owes the participants and 2) a
40-year amortization of the unfunded liability (table
11). This shows ratios of one-to-one or more for 22 of
the 35 plans for which the information is available.
Plans with less than a one-to-one ratio are the Civil
Service, Military and other pay-as-you-go plans, the
Federal Reserve Bank and Board, Tennessee Valley
Authority, Foreign Service, Tax Court Survivors, and the
Army/Air Force, Army/Air Force supplemental, and Army
nonappropriated fund instrumentalities plans.
Several limitations should be kept ih mind in reading the
summary information presented above and in the tables. We did
not analyze the information, nor did we verify its accuracy.
Except where indicated in table 21, the plan reports have not
been audited. Because the plan years vary, the information is
not comparable as to date. (See table 19.) Although many of
the tables contain totals, the reader should note that the
tables do not contain information for several relatively small
plans, as identified in notes 7-9. Where plans disclosed
information on separate groups of participants- (see notes 4 and
10),- we listed the information separately in the tables. We did
not obtain agency comments on this report since it is a summary
compilation of information reported to us.
The projections included in the tables are highly dependent
on the actuarial cost method and the actuarial assumptions
used. (See tables 17 and 18.) Several acceptable actuarial
cost methods exist. The actuarial assumptions vary by plan
since they are based on the best estimate of anticipated
experience under the plan made by each actuary. These
assumptions can have a significant impact on estimates of future
costs. For example, the decrements--assumptions as to
withdrawals from the plan, disabilities, retirements, and
deaths--are generally based on individual plan experience.
3
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B-219842
Three economic assumptions that can also have a significant
impact on the estimates of future retirement costs are the
assumed future rates of inflation, interest, and salary
increases. The Office of Management and Budget and the
Comptroller General directed that plans use an assumed long-term
inflation rate of 5 percent per year and that the other economic
assumptions be consistent with the assumed inflation rate.
Interest rate assumptions used by the plans in 1983 ranged from
6 percent (used by the two largest plans) to 9 percent. There
is no requirement that the assumed rate of salary increases be
reported. We do know, however, that the two largest
plans--Civil Service and Military--assume an average salary
increase of 5.5 percent per year.
The projections assume the plans will continue as at
present. However, this is not the case for the two largest
plans. As of plan year 1983, the Military Retirement System was
a pay-as-you-go plan. The Department of Defense Appropriations
Act for fiscal year 1984, Public Law 98-94, provided that a fund
be established for the Military Retirement System in fiscal year
1985.
The Civil Service Retirement System will also change as
Congress legislates a new system for employees hired since
December 31, 1983, who have Social Security coverage.
Presently, post-1983 employees are temporarily covered by the
current system in accordance with the Federal Employees'
Retirement Contribution Adjustment Act of 1983, Public Law
98-168. This act expires December 31, 1985, and must be
extended or replaced by. a new system at that time.
We hope this summary of pension plan information will be
useful. As arranged with your office, we are making this report
available to interested persons.
Sincere y
Frederick D. Wolf
Director
4
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I Glossary
II Tables of
Table 1:
Table 2:
Table :
Table 4:
Table 5:
Table 6:
Table 7:
Table 8:
Table 9:
Table 10:
Table 11:
Table
Table
APPENDIXES
summary data
Summary information on pension plans --
plan year 1983
Net assets available for benefits
1979-1983
Investments by pension plans -- plan
year 1983
Actuarial present value of accumulated
plan benefits -- 1979-1983
Excess of actuarial present value of
accumulated plan benefits over net assets
available for benefits -- 1979-1983
Changes in net assets available for
benefits --plan year 1983
Changes in actuarial present value of
accumulated plan benefits -- plan year 1983
Unfunded actuarial accrued liability --
plan year 1983
Unfunded actuarial accrued liability --
1979-1983
Ratio of fund net assets to present
value of future benefits for annuitants
now on roll plus accumulated employee
contributions -- 1979-1983
Comparison of 40-year
of unfunded liability
contributions -- plan
level amortization
with actual
year 1983
Page
5
10
11
12
13
14
15
16
17
18
19
20
12: Comparison of 40-year level amortization of 21
unfunded liability with actual contributions
as a percentage of payroll -- plan year 1983
13: U.S. Civil Service Retirement System past 22
and projected flow of plan assets
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APPENDIXES
Page
Table 14: U.S. Civil Service Retirement System 23
past and projected flow of plan assets
(as a percentage of payroll)
Table 15: Military Retirement System past and 24
projected flow of plan assets
Table 16: Military Retirement System past and 25
projected flow of plan assets as a
percentage of payroll
Table 17: Actuarial information plan year 26
1983
Table 18: Actuarial information decrements -- 27
plan year 1983
Table 19: Plan profile (name address, dates) -- 29
plan year 1983
Table 20: Plan profile (sponsor, administrator, 31
funding) -- plan year 1983
Table 21: Plan profile (actuary, auditor) 33
plan year 1983
Notes to tables 34
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APPENDIX I APPENDIX I
Accrued benefit (unit
credit) cost method
Accumulated plan benefits
GLOSSARY
An actuarial cost method in which
future service benefits are funded
as they accrue. Thus, normal cost
is the present value of the units
of future benefit credited to
employees for service in that
year. Prior service cost is the
present value at the valuation
date of the units of future
benefit credited to employees for
service prior to the valuation
date. Annual normal cost for an
individual for an equal unit of
benefit each year increases
because the period to the
employee's retirement continually
shortens and the probability of
reaching retirement increases.
For a mature employee group, the
normal cost would tend to be the
same each year as older employees
are replaced by new ones.
Benefits that are attributable
under the provisions of a pension
plan to employees' service
rendered up to the benefit
information date.
Actuarial accrued liability The portion of the present value
(as of the benefit information
date) of a pension plan's
? projected future benefit costs and
administrative expenses that
exceeds the present value of
future normal cost contributions.
Actuarial assumptions
Actuarial cost method
Actuarial present value
Estimates of future conditions
affecting pension cost; for
example, mortality rate, employee
turnover, compensation levels, and
investment earnings.
A recognized technique used in
establishing the amount of annual,
contributions or accounting
charges for pension cost under a
pension plan.
The current worth of amounts
payable or receivable in the
5
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APPENDIX I
Actuarial valuation
Aggregate cost method
Benefit information
date
Contributory plan
Decrements
Defined benefit pension
plan
APPENDIX I
future. If payment or receipt is
certain, the present value is
determined by discounting the
future amount or amounts at a
predetermined rate of interest.
If payment or receipt is
contingent on future events (for
example, survival), further
discounting is necessary for the
probability that payment or
receipt will occur.
The process by which an actuary
estimates the present value of
benefits to be paid under a
pension plan and calculates the
amounts of employer contributions
or accounting charges for pension
cost.
An actuarial cost method in which
the entire unfunded cost of future
pension benefits (including
benefits to be paid to employees
who have retired as of the date of
the valuation) is spread over the
average future service lives of
employees who are active as of the
date of the valuation. In most
cases this is done by the use of a
percentage of payroll. Past
service cost is included in normal
cost.
The date as of which the actuarial
present value of accumulated plan
benefits is presented.
A pension plan under which
participants bear part of the
cost.
Assumptions as to rates of plan
participants' withdrawal from the
plan, retirement, disability, and
death used in making actuarial
projections.
A pension plan that specifies a
determinable pension benefit,
usually based on factors such as
age, years of service, and salary.
6
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APPENDIX I APPENDIX I
Defined contribution
pension plan
Enrolled actuary
Entry-age normal cost
method
Frozen initial liability
cost method
Future benefits
Individual level premium
cost method
A pension plan that specifies the
amount of contribution to be made
to the plan for each employee.
Benefits at retirement are those
contributions plus whatever has
been earned on them.
An actuary enrolled under 29
U.S.C. 1242 by a Joint Board for
the Enrollment of Actuaries
established by the Secretaries of
Labor and the Treasury.
An actuarial cost method which
assigns a "level normal cost" to
each year of service for each
participant. The assumption is
made under this method that every
employee entered the plan (entry
age) at the time of initial
employment or at the earliest
eligibility date, if the plan had
been in existence, and that
contributions have been made from
the entry age to the date of the
actuarial valuation.
A variation of the entry-age
normal actuarial cost method which
maintains the initial unfunded
liability rather than recomputing
it each year, adjusting it only
for plan amendments or changes in
actuarial assumptions.
An estimate of the total benefits
payable at retirement, including
benefits anticipated to accrue in
the future as well as those
accruing before the benefit
information date. Future benefits
may depend on total length of
service but with pay averaged over
only a limited number of years
(often the final 3 years of
service).
An actuarial cost method which
assigns the cost of each
employee's pension in level annual
amounts, or as a level percentage
of the employee's compensation,
over the period from the inception
7
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APPENDIX I APPENDIX I
Net assets available for
benefits
Noncontributory plan
Normal cost
Participant
Pay-as-you-go
Plan year
Sponsor
Unallocated insurance
contract
date of a plan (or the date of his
entry into the plan, if later) to
his retirement date. Thus, past
service cost is included in normal
cost.
The difference between a plan's
assets and its liabilities. For
purposes of this definition, a
plan's liabilities do not include
participants' accumulated plan
benefits.
A pension plan under which
participants do not make
contributions.
The annual cost assigned, under
the actuarial cost method in use,
to years subsequent to the
inception of a pension plan.
Member of a pension plan including
active employees covered by the
plan, separated employees entitled
to benefits, and retiree and
survivor annuitants.
A method of paying pension
benefits to retired employees as
they come due out of annual
appropriations.
Calendar, policy, or fiscal year
chosen by the plan on which the
records of the plan are kept.
In the case of a pension plan
established or maintained by a
single employer, the employer; in
the case of a plan established or
maintained jointly by two or more
employers, an association,
committee, joint board of
trustees, or other group of
representatives of the parties who
have established or who maintain
the pension plan.
A contract with an insurance
company under which related
payments to the insurance company
are accumulated in an unallocated'
fund to be used to meet benefit
8
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APPENDIX I APPENDIX I
Unfunded actuarial accrued
liability
payments either directly or
through the purchase of annuities,
when employees retire. Funds in
an unallocated contract may also
be withdrawn and otherwise
invested.
The amount by which the present
value of future benefits exceeds
the amount in the pension fund and
the present value of future normal
cost contributions.
9
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Retirement plan [2]
Table 1
Summary Information on Pension Plans -- Plan Year 1983 [1]
Ntimber of Actuarial Net assets Unfunded
NUmber separated Total present value available actuarial
of active Number employees number of accumulated for accrued
employees of entitled to of plan plan benefits benefits liability
participating annuitants benefits participants (table 4) (table 2) (table 8)
(millions)
Civil Service
2,690,000
1,905,000
159,000
4,754,000
$514,600.0
$109,962.1
$ 5211,100.0
Military
3,114,314
1,418,881
0
4,533,195
444,300.0
0.0
[3]
563,600.0
Coast Guard
51,409
22,504
0
73,913
7,624.6
0.0
[3]
9,567.2
Federal Reserve System [4]
24,682
8,832
1,888
35,402
834.0
1,120.0
320.1
Tennessee Valley Authority
24,828
7,322
683
32,833
1,205.7
1,288.0
606.3
Foreign Service
11,419
7,916
218
19,553
5,973.8
1,635.7
6,186.0
Public Health Service
5,586
2,220
0
7,806
1,703.0
0.0
[3]
2,280.0
Judiciary
668
240
0
908
221.2
0.0
[3]
158.7
Judiciary Survivors
676
209
0
885
89.2
71.3
0.0 [5]
Natl. Oceanic & Atmospheric Admin.
375
167
0
542
110.8
0.0
[3]
163.1
Federal Home Loan Mortgage Corp.
430
4
102
536
5.0
7.8
(0.8)(61
Tax Court
14
11
0
25
7.3
0.0
[3]
',6.3
Tax Court Survivors
17
3
0
20
2.0
1.0
0.5
Comptroller General
0
2
0
2
1.3
0.0
[3]
1.3
Presidents [7] *
UA
UA
UA
UA
UA
UA
CIA
Smithsonian TIM/CHEF [8]
IA
UA
UA
UA
UA
UA
UA
Uniformed Services Univ. TIM/CHEF [8]
UA
UA
UA
UA
UA
UA
UA
Dept. of Agriculture Grad. School TIM/CHEF [8]
*
UA
UA
UA
UA
UA
UA
UA
Fed. Home Loan Bank Pension Portability [7] *
UA
UA
UA
UA
UA
UA
uA
Nonappropriated funds
Army/Air Force
23,870
8,292
781
32,943
750.6
699.1
545.5
I--.
Army/Air Force Supplemental
931
767
0
1,698
120.0
73.6
91.1
CD
Army
11,831
1,389
4
13,224
61.7
105.3
(5.8)'
Army Stars and Stripes [9] *
UA
UA
uA
UA
UA
UA
UA
Air Force
5,412
753
329
6,494
26.9
67.1
10.2
Navy Resale [10]
9,112
3,402
374
12,888
228.8
263.1
88.0
Navy Personnel [10]
5,036
589
37
5,662
39.0
58.9
9.9
Coast Guard Resale [10]
364
50
9
423
3.0
5.1
0.5
Norfolk Shipyard
79
28
1
108
1.0
1.3
0.0
Pearl Harbor Restaurant [11]
55
0
0
55
0.0
[12]
0.0
[12]
0.0
Navy Morale, Welfare & Recreation
85
0
0
85
UA
77.6
UA
Marines
3,199
39
[13]
1,015
4,253
14.7
35.0
1.6 [61
Farm Credit Banks
Austin
723
157
121
1,001
21.0
24.9
11.2 [6]
Baltimore [14]
885
102
61
1,048
8.4
12.4
3.9 [6]
Columbia [14]
1,709
178
90
1,977
25:3
32.6
18.2 [6]
Louisville
2,321
335
275
2,931
29.9
45.8
14.2 [6]
New Orleans
503
59
68
630
6.1
11.0
0.0
New Orleans Prod. Credit Assoc.
403
131
73
607
6.6
11.5
0.0
Omaha [14]
1,997
164
301
2,462
21.7
40.6
6.2 [6]
Sacramento
1,002
188
131
1,321
16.5
28.4
0.0 [6]
Spokane [141
1,119
181
42
1,342
19.6
25.0
UA
Spokane Prod. Credit Assoc. [11,14]
263
20
8
291
2.4
2.4
0.0
Spokane Thrift [11,14]
767
7
15
789
10.4
10.4
0.0
Springfield
727
102
79
908
11.4
14.7
2.8
St. Louis
1,605
231
121
1,957
19.8
27.3
9.0
St. Paul
2,543
121
116
2,780
31.2
49.5
20.0
Wichita [14]
1,122
163
182
1,467
12.4
20.8
6.6 [6]
Total
6,002,081
3,390,759
166,124
9,558,964
$978,166.3
$115,829.3
$1,111,821.8
*Reports not filed for 1983.
See accompanying notes. Throughout these tables "VA" indicates "unavailable" and "N/A" indicates "not applicable." Totals may not always add due to rounding.
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Retirement plan
Net Assets Available
Table 2
-- 1979-1983
[15]
1979
for Benefits
1983
1982
1981
1980
(millions)
Civil Service
$109,962.1
,$ 96,078.7
$83,382.0
$72,980.7
$63,865.1
Military [3]
0.0
0.0
0.0
0.0
0.0
Coast Guard [3]
0.0
0.0
0.0
UA
uA
Federal Reserve System
1,120.0
986.3
822.6
849.9
651.0
Tennessee Valley Authority
1,288.0
1,006.6
812.1
776.3
632.5
Foreign Service
1,635.7
1,220.7
904.8
673.2
501.0
Public Health Service (3]
0.0
0.0
0.0
0.0
UA
Judiciary [3]
0.0
0.0
0.0
0.0
0.0
Judiciary Survivors
71.3
68.7
46.9
44.0
43.9
Natl. Oceanic & Atmospheric Admin. (3]
0.0
0.0
0.0
0.0
UA
Federal Home Wan Mortgage Corp.
7.8
7.2
5.4
4.3
3.2
Tax Court (31
0.0
0.0
0.0
0.0
0.0
Tax Court Survivors
1.0
1.0
0.7
0.7
0.7
Comptroller General (3)
0.0
0.0
0.0
0.0
0.0
Nonappropriated funds
Army/Air Force
699.1
580.0
475.1
434.2
328.9
Army/Air Force Supplemental
73.6
63.6
50.9
42.5
42.6
Army
105.3
105.6
94.1
82.7
64.2
Air Force
67.1
53.7
39.8
31.7
15.9
Navy Resale
263.1
217.1
177.7
156.1
122.0
Navy Personnel
58.9
46.5
35.9
30.0
22.0
Coast Guard Resale
5.1
4:0
3.0
2.6
1.9
Norfolk Shipyard
1.3
1.1
1.0
UA
UA
Pearl Harbor Restaurant 112]
0.0
0.0
UA
UA
UA
Navy Morale, Welfare & Recreation
(16]
77.6
0.0
0.0
0.0
0.0
Marines
35.0
30.6
28.0
24.7
21.2
Farm credit banks
Austin
24.9
19.0
14.3
14.0
10.2
Baltimore
12.4
9.4
7.9
7.5
4.8
Columbia [14]
32.6
25.5
19.6
16.4
13.7
Louisville
45.8
39.8
28.4
23.8
UP,
New Orleans
11.0
9.2
6.3
5.6
3.9
New Orleans Prod. Credit Assoc.
11.5
9.9
7.2
6.6
4.9
Omaha [14]
40.6
31.5
25.0
22.1
16.6
Sacramento
28.4
24.9
20.7
17.2
14.3
Spokane (14]
25.0
20.9
16.6
14.0
11.7
Spokane Prod. Credit Assoc. [14]
2.4
2.1
1.7
1.4
1.1
Spokane Thrift (14]
10.4
9.3
7.6
7.1
5.6
Springfield
14.7
10.2
9.7
7.1
6.3
St. Louis
27.3
22.6
18.8
17.0
11.9
St. Paul
49.5
39.7
26.3
22.2
17.0
Wichita (14]
20.8
16.7
12.0
9.7
UA
Total
$115,829.3
$100,762.1
$87,102.1
$76,325.3
$66,438.1
See accompanying notes.
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
II XIGNSciciNt
II XICINSddNi
NJ
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
Table 3
Investments by. Pension Plans -- Plan Year 1983
Retirement plan
Government
obligations
Other'
bonds
Stocks
Miscellaneous
Unallocated
insurance
contracts
Total
investments
(millions)
Civil Service
$109,029.4
$ 0.0
$ 0.0
$ 0.0
$ 0.0
$109,029.4
Military [3]
0.0
0.0
0.0
0.0
0.0
0.0
Coast Guard [3)
0.0
0.0
0.0
0.0
0.0
0.0
Federal Reserve System
116.0
43.2
409.8
43.5
477.3
1,089.8
Tennessee Valley Authority
0.0
650.3
410.6
180.4
101.4
1,342.7
Foreign Service
Public Health Service [3]
1,553.6
0.0
0.0
0.0
8:8
8:8
81
1,553.6
0.0
Judiciary 131
Judiciary Survivors
Natl. Oceanic & Atmospheric Admin. [31
0.0
4.9
0.0
0.0
0.0
0.13
0.0
0.0
0.0
0.0
66.2
0.0
0.0
0.0
0.0
7?:?
0.0
Federal Home Loan Mortgage Corp.
0.0
3.7
4.0
0.1
0.0
7.8
Tax Court [3]
0.0
0.0
0.0
0.0
0.0
0.0
Tax Court Survivors
1.0
0.0
0.0
0.0
0.0
1.0
Comptroller General [3]
0.0
0.0
0.0
0.0
0.0
0.0
NOnappropriated funds
Army/Air Force
6.9
7.9
85.4
0.0
578.2
678.3
Army/Air Force Supplemental
0.0
0.0
0.0
0.0
73.6
73.6
Army
10.5
0.0
0.0
2.0
54.8
67.3
Air Force
65.9
0.0
0.0.
0.0
0.0
65.9
Navy Resale
0.0
[17,18]
14.5
[17,18]
168.8
[17]
32.7
[17]
46.2
262.2
Navy Personnel
0.0
[17,181
3.5
[17,181
40.9
[171
7.9
[17]
6.8
59.2
Coast Guard Resale
0.0
[17,18]
0.2
[17,18)
2.9
[17]
0.6
[17)
1.3
5.0
Norfolk Shipyard
0.0
0.0
0.0
0.0
1.3
1.3
Pearl Harbor Restaurant
0.0
0.0
0.0
0.0
0.0
0.0
Navy Morale, Welfare & Recreation
0.0
0.0
0.0
0.0
77.6
77.6
Marines
0.0
0.0
0.0
0.0
34.7
34.7
Farm credit banks
Austin
4.6
1.4
17.7
0.4
0.0
24.2
Baltimore
2.4
0.0
7.9
1.9
0.0
12.2
Columbia [14]
0.0
3.9
0.0
0.3
28.4
32.6
Louisville
25.3
2.8
5.9
3.0
8.9
45.9
New Orleans
0.8
2.9
6.3
0.8
0.0
10.8
New Orleans Prod. Credit Assoc.
0.8
3.1
6.6
0.6
0.0
11.1
Omaha [14]
1.9
1.0
2.5
0.0
35.2
40.6
Sacramento
0.0
0.0
0.0
0.0
28.3
28.3
Spokane [14)
0.0
0.0
7.3
2.5
15.2
25.0
Spokane Prod. Credit Assoc. [14)
0.0
0.0
0.6
0.0
1.7
2.3
Spokane Thrift [14].
0.0
0.0
2.2
0.0
8.9
11.1
Springfield
0.0
[18]
2.2
[181
8.5
0.0
3.6
14.3
St. Louis
0.0
0.0
0.0
4.1
23.2
27.3
St. Paul
8.4
0.0
25.8
14.6
0.0
48.7
Wichita [14]
0.0
0.0
0.0
0.0
20.8
20.8
Total
$110,832.4
$740.6
$1,213.7
$361.6
$1,627.4
$114,775.7
See acompanying notes.
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
II XICINaddli
II XIGNaddli
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
Table 4
Actuarial Present Value of Accumulated Plan Benefits -- 1979-1983
Retirement plan
1983
1982
1981
680
1979
(millions) -
Civil Service
$514,600.0
$491,900.0
$464,400.0
$430,300.0
$368,700.0
Military
444,300.0
418,500.0
377,800.0
348;900.0
303,900.0
Coast Guard
7,624.6
7,091:3
7,113.0
UA
UA
Federal Reserve System
834.0
777.4
728.0
678.7
649.2
Tennessee Valley Authority
1,205.7
1,024.0
931.6
? 821.1
702.8
Foreign Service
5,973.8:
5,380.3
4,904.6
4,365.2
3,433.7
Public Health Service
1,703.0
1,592.0
1,445.0
1,619.0
UA
Judiciary
221.2
215.6
194.7
178.5
114.5
Judiciary Survivors
89.2
85:1
78.5
. 74.3
37.7
Natl. Oceanic & Atmospheric Admin.
110.8
104.8
92.3
82.6
UA
Federal Home Loan Mortgage Corp. ,
5.0
r3.7
? 2.8
2.0
1.5
Tax Court
7.3
6.7
5.9
.
5.7
4.1
Tax Court Survivors
2.0
. 2.1
1.5
1.4
1.0
Comptroller General
1.3
1.0
' 1.0
1.0
0.9
Nonappropriated funds
Army/Air Force
750.6
716.4
' 589.9
535.0
453.7
Army/Air Force Supplemental
120.0
113.8
102.0
91.5
77:1
Army
61.7
56.4
' 51.5
-42.6
34.4
Air Force
26.9
24.8
' 21.6
18.4
26.2
Navy Resale
228,8
211.1
177.2
161.5
140.0
Navy Personnel
39.0
34.7
27.5
23.5
19.1
Coast Guard Resale
3.0
2.5
2.1
1.8
1.4
Norfolk Shipyard
1.0
0.9
0.9
UA
UA
Pearl Harbor Restaurant [11,12)
0.0
0.0
UA
UA
UA
Navy Morale, Welfare & Recreation [16]
-UA
0.0
0.0
. 0.0
0.0
Marines
14.7
14.5 [19)
14.9
14.6
13.2
Farm credit banks
' Austin
21.0
18.9
17.5
14.6
12.8
'Baltimore [14]
8.4
8.9
'. 9.6
5.3
- 4.4
: Columbia
25.3
21.1
17.0
16.2
13.9
Louisville
29.9
28.5.
27:0
19.9
UA
New Orleans :6.1
5.5
5.0
4.7
UA
New Orleans Prod'. Credit Assoc.
6.6
6.7
6.4
6.0
UA
Omaha [14]
21.7
19.1
11.9
11.2
10.4
Sacramento
16.5
14.8
14.5
12.4
11.2
Spokane [141
19.6
17.3
14.0
11.5
11.1
Spokane Prod. Credit Assoc. [11,14)
-2.4
2.1
1.7
1,4
1.1
Spokane Thrift [11,14]
10.4
9.3
7.6
7.1
5.6
,
Springfield
11.4
9.4
- 8.3
7.1
5.8
St. Louis
19.8
17.8
14.8
15.6
14.7
St. Paul
31.2
26.3
22.2
17.4
16.0
Wichita [14]
12.4
10.3
11.8
8.8
UA
Total
$978,166.3
$928,075.1
$858,875.8
$788,077.6
$678,417.5
See accompanying notes.
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
II XICINaddV
xxandav
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
Tables
Excess of Actuarial Present Value of Accumulated Plan Benefits hd
Over Net Assets Available for Benefits -- 1979-1983
Retirement plan
1983
1982
1981
1980
1979
(millions)
Civil Service
$404,637.9
$395,821.3
$381,018.0
$357,319.3
$304,834.9
Military
444,300.0
418,500.0
377,800.0
348,900.0
303,900.0
Coast Guard
7,624.6
7,091.3
7,113.0
UP.
UA
Federal Reserve System
(286.0)
(208.9)
(94.6)
(171.2)
(1.8)
Tennessee Valley Authority
(82.3)
17.4
119.5
44.8
70.3
Foreign Service
4,338.1
4,159.6
3,999.8
3,692.0
2,932.7
Public Health Service
1,703.0
1,592.0
1,445.0
1,619.0
UA
Judiciary
221.2
215.6
194.7
178.5
114.5
Judiciary Survivors
17.9
16.5
31.6
30.3
(6.1)
Natl. Oceanic & Atmospheric Admin.
110.8
104.8
92.3
82.6
UA
Federal Home Loan Mortgage Corp.
(2.8)
(3.5)
(2.6)
(2.3)
(1.7)
Tax Court
7.3
6.7
5.9
5.7
4.1
Tax Court Survivors
1.0
1.1
0.8
0.7
0.3
Comptroller General
1.3
1.0
1.0
1.0
0.9
Nonappropriated funds
Army/Air Force
51.5
136.4
114.8
100.8
124.8
Army/Air Force Supplemental
46.4
50.1
51.1
49.0
34.5
Army
(43.6)
(49.2)
(42.6).
(40.1)
(29.8)
Air Force
(40.2)
(28.9)
(18.3)
(13.3)
10.2
Navy Resale
(34.3)
(6.0)
(0.5)
5.3
18.0
1--,
Navy Personnel
(19.9)
(11.8)
(8.4)
(6.5)
(2.8)
.I=.
Coast Guard Resale
(2.1)
(1.4)
(1.0)
(0.8)
(0.5)
Norfolk Shipyard
(0.3)
(0.2)
(0.1)
UA
uR
Navy Morale, Welfare & Recreation
[16]
(77.6)
0.0
0.0
0.0
0.0
Marines
(20.3)
(16.2)
(13.2)
(10.0)
(8.0)
Farm credit banks
'
Austin
(3.9)
(0.1)
3.2
0.7
2.6
Baltimore
(4.0)
(0.5)
1.7
(2.2)
(0.4)
Columbia
(7.3)
(4.4)
(2.6)
(0.2)
0.2
Louisville
(15.9)
(11.3)
(1.4)
(3.9)
uA
New Orleans
(4.8)
(3.6)
(1.3)
(0.9)
(3.9)
New Orleans Prod. Credit Assoc.
(4.9)
(3.2)
(0.8)
(0.6)
(4.9)
Omaha
(16.9)
(12.4)
(13.1)
(10.9)
(6.2) '
Sacramento
(11.9)
(10.1)
(6.2)
(4.9)
(3.1)
? Spokane
(5.4)
(3.6)
(2.6)
(2.5)
(0.6)
? Springfield
(3.3)
(0.8)
(1.4)
0.0
(0.5)
St. Louis
(7.5)
(4.8)
(4.0)
(1.4)
2.8
St. Paul
?(18.3)
(13.4)
(4.1)
(4.8)
(1.0)
Wichita
(8.4)
(6.4)
(0.2)
(0.9)
UP.
Patel
$862,337.1
$827,313.1
$771,773.4
$711,752.3
$611,979.5
See accompanying notes.
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
X I CMS ddV
?
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
Retiranent plan
Table 6
Changes in Net Assets Available for Benefits -- Plan Year 1983
Net assets
available for Net assets
benefits Net- available '
(beginning of Investment Employee Employer Other additions for benefits
1983) income [20] contributions contributions Benefits [21] (net) [22] (deductions) (end of 1983)
Civil Service
Military [3]
Coast GUard [3]
Federal Reserve Systam
$ 96,078.7
'' 0.0
' 0.0
9868.1
3 .
$ 9,758.9
0.0
_0.0
12
$4,398,8
0.0
0.0
2;7
Tennessee Valley Authority'
Foreign Service'
1,006.6
1,220.7
245.4
182.4
29.4
38.6
Public Health Service [3]'
0.0
0.0
0.0
Judiciary [3]
0.0
0.0
0.0
Judiciary Survivors'
68.7
'0.9
2.3
Natl. Oceanic & Atmospheric'Admin. [3]
0.0
0.0
0.0
Federal Home Loan-Mortgage Corp.
7.2
0.7
0.0
Tax Court [3] '
0.0
0.0
0.0
Tax Court Survivors
1.0
0.0
0.0
Comptroller General [3)
0.0
0.0
0.0
Nonappropriated funds
Army/Air Force
580.0
89.8
6.1
Army/Air Force Supplemental
63.6
8.5
0.0
Army ,
105.6
10.6
31
Air Force"
53.7
7.4
0.2
Navy Resale
217.1
39.:2
0.5
I--.
Navy Personnel -
46.5
= 9.0
0.2
Ln
.
Coast Guard Resale
4.0
0.7
0,0
Norfolk Shipyard
1.1
0.1
0.0
Pearl Harbor Restaurant
0.0
0.0
0.0
Navy Morale, Welfare & Recreation
0.0
1.5
0.0 [25]
Marines'
30.6
4.6
045
Farm credit banks
Austin
19.0
5.0
0.0
Baltimonre
9.4
-1.9
0.0
Columbia [14] -
25.5
3:8
0.5
Louisville .'
39.8
3.5
0.0
New Orleans '
9.2
1.0
0.0
New Orreans Prod. Credit Assoc;
9.9
1.0
0.6
Omaha [14)
31.5
6.6
0.0
Sacramento =
24.9
2.9
0.0
Spokane [14]
20.9
2-.5
-0.0
Spokane Prod. Credit Assoc. [14]
2.1
0.3
0.13
Spokane Thrift [14)
9.3
1.1
1.3
Springfield
10.2
3.5
0.0
St. Louis
22.6
2.9
0.0
St. Paul
39.7
4.7
0.0
Wichita [141
16.7.
1.8
0.0
Tbtal
$100,762:1'
$10,530.3
$4,484.2
See accompanying notes.
,(millions)
$20,614.5
15,900.0
317.9
52.0
72.6
389.2
60.7
UA
..'1
UA
0.1
0.1
64:7
8.0
3.1
6.6
18.2
4.9
0.5
0.1
24.8
78.4
2.1
1,9
1.4
3.9
5.1
'1.2
'1.0
3.2
1.6
2.6
0.2
0.4
1.4
2.6
6.1
2.2
$37,659.7
0.00.0
$20,384.5
($504.4).
$13,883.4,-
$109,962.1
[23]
15,900.0
0.0.
0.0
0.0
[23]'
317.9
0.0
0.0
(Lb
41.1
(2.0)
133.7
1,120.0
57.3
(8.7)
281.4
1,287;ii
195.8
0.6 ..
415.0
1,635.7
[23]
60.7
- UA
0.0,
0.0
0.0
0.0
:
[23]
4.6
4.1
0.2
0.0
2.7
0.0
0.0
[24]
0.0
0.7
7.8
UA
0.0
0.0
0.0
0.1
0.0
0.0
1.0
0.1
0.0
0.0
0.0
.
40.2
6.3
(1.4)
(0.1)
119.1
10.0
6391
3:6
12:5
(4.6)
(0.3)
105.3'
0.7
(0.1)
13.4
67.1
11.5
(0.6)
45.9
2t111:9
1.5
(0.2)
12.4
0.1
0.0
1:1
5.1
0.1
0.0
0.1
1.3
24.8
0.0
0.0-
0.0
[25]
0.0
(2:3)
77.6'-' ?
77.6
3.0
0.2
4.4'.
35.0
0.7
(0.2)
6.0 .
24.9
0.3
0.0
3.0
12.4
-0.7
(0.4)
7.1
32:6
2.8
0.2
6.0
45.8
0.2
(0.2)
1;8
11.0
0.5
0.1
1.6
11.5
0.7
0.0
9.1
40.6
0.9
(0.1)
3.5
28.4 .
0.7
(0.3)
4.1
25:0 -
0.1
(0.1)
0.3
2.4
1.5
(0.2)
1.1
10.4
0.4
0.0
4.5'
14.7
0,8
0.0
4.7. .
27.3
0.8
(0.2)
9.8
49.5
0.5
0.6
4,:1
20.8
$37,082.5
($524.2)
$15,067.3
$115,829.3
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
XICINaddV
II XICINSddlt
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
Table 7
Changes in Actuarial Present Value of Accumulated Plan Benefits -- Plan Year 1983
Actuarial Change due Actuarial
present value to benefits Change present
of accumulated accumulated Change due to value of
. plan benefits less due to changes in All Net accumulated
(beginning of benefits plan actuarial other increase plan benefits
Retirement plan 1983) paid amendments assumption changes (decrease) (end of 1983)
(millions)
Civil Service
$491,900.0
$22,700.0
$ 0.0 '
$ 0.0
$ 0.0
$22,700.0
$514,600.0
Military
418,500.0
24,600.0
700.0
500.0
0.0
25,800.0
444,300.0
Coast Guard
7,091.3
681.9
(273.9)
0.0
125.3
533.3
7,624.6
Federal Reserve System
777.4
56.6
0.0
0.0
0.0
56.6
834.0
Tennessee Valley Authority
1,024.0
102.3'
0.0
79.4
0.0
181.7
1,205:7
'Foreign Service
5,380.3
376.7
0.0
216.8
0.0
593.5
5,973.8
Public Health Service
1,592.0
111.0
0.0
0.0
0.0
111.0
1,703.0
Judiciary
215.6
5.6
0.0
0.0
0.0
5.6
221.2
Judiciary Survivors
85.1
4.0
0.0
0.0
0.0
4.0
89.2
Natl. Oceanic & Atmospheric Admin.
104.8
6.0
0.0
0.0
0.0
6.0
110.8
Federal Home Loan Mortgage Corp.
3.7
1.3
0.0
0.0
0.0
1.3
5.0
Tax Court
6.7
0.6
0.0
0.0
0.0
0.6
7.3
Tax Court Survivors
2.1
(0.1)
0,0
0.0
0:0
(0.1)
2.0
Comptroller General
Nonappropriated funds
1.0
0.1
0.0
0.2
0.0
0.3
1.3
Army/Air Force
716.4
34.2
0.0
0.0
0.0
34.2
750.6
Army/Air Force Supplemental
113.8
6.2
0.0
0.0
0.0
6.2
120.0
Army
56.4
(0.2)
2.8
2.7
0.0
5.3
61.7
Air Force
24.8'
2.1
0.0
0.0
0.0
2.1
26.9
Navy Resale
211.1
17.6
0.0
0.0
0.0
17.6
228.8
Navy Personnel
34.7
4.4
0.0
0.0
0.0
4.4
39.0
Coast Guard Resale
2.5
0.4
0.0
0.0
0.0 -
0.4
3.0
NOrfolk Shipyard
0.9
0.1
0.0
0.0
0.0
0.1
1.0
Navy Morale, Welfare & Recreation
0.0
UA
UA
UA
UA
UA
UA
Marines
14.5
3.0
0.0
0.0
(2.8)
0.2
14.7
Farm credit banks
Austin
18.9
0.9
0.0
0.0
1.2
2.1
21.0
Baltimore [14,26]
8.9
0.9
(1.4)
0.0
0.0
(0.5)
8.4
Columbia
21.1
4.2
0.0
0.0
0.0
4.2
25.3
Louisville
28.5
(0.6)
0.0
0.0
2.0
1.4
29.9
New Orleans
5.5
1.3
.0.0
(0.7)
0.0
0.6
6.1
New Orleans Prod. Credit Assoc.
6.7 j
0.4
0.0
(0.6)
0.0
(0.2)
6.6
Omaha [14,26]
19.1
2.6
0.0
0.0
0.0
2.6
21.7
Sacramento
14.8
1.4
0.0
0.0
0.3
1.7
16.5
Spokane (14)
17.3
1.6
0:0
0.0
0.7
2.3
19.6
Spokane Prod. Credit Assoc. [11,14)
2.1
0.3
0.0
0.0
0.0
0.3
2.4
Spokane Thrift [11,14]
9.3
1.1
0.0
0.0
0.0
1.1
10.4
Springfield
9.4
1.8
0.0
0.0
0.2
2.0
11.4
St. Louis
17.8
2.1
(0.1)
0.0
0.0
2.0
19.8
St. Paul
26.3
4.9
0.0
0.0
0.0
4.9
31.2
Wichita [14,26]
10.3
2.1
0,0
0.0
0.0
2.1
12.4
Ibtal
$928,075.1
$48,738.8
$427.4
$797.8
$126.9
$50,090.9
$978,166.3
See accompanying notes.
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1_
II XICINSddY
II XIGNaddV
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
Table 8
Unfunded Actuarial Accrued Liability -- Plan Year 1983
Actuarial Present Value of Future Benefits and
Administrative Expenses for:
Present
value Unfunded,
-
Retirement plan .
Annuitants
now on roll
Separated
employees
Active
Employees
Total
of future
normal
contributions
Assets
in
fund [27]
actuarial
accrued
liability
(millions)
Civil Service
$319,700.0
$4,000.0
$ 626,000.0
$ 949,700.0
$311,600.0
$110,000.0
$ 528,100.0
Military
325,000.0
0.0
384,500.0
709,500.0
145,900.0
0.0
563,600.0
Coast Guard
5,768.7
0.0
5,766.0
11,534.7
1,967.5
0.0
9,567.2
Federal Reserve Bank
399.2
17.4
1,400.2
1,816.8
618.0
903.0
295.8
Federal Reserve Board
57.5
[28]
0.0
[28]
121.1
178.7
54.2
100.1
24.3
Tennessee Valley Authority
721.8
10.9
2,409.1
3,141.8
1,350.9
1,184.6
606.3
Foreign Service
3,806.4
13.6
6,718.5
10,538.5
2,716.8
1,635.7
6,186.0
Public Health Service
1,050.0
0.0
2,564.0
3,614.0
1,334.0
0.0
2,280.0
Judiciary
100.3
0.0
248.9
349.2
190.4
0.0
158.7
Judiciary Survivors
22.8
0.0
100.5
123.3
56.5
71.3
0.0
[5]
Natl. Oceanic & Atmospheric Admin.
59.2
0.0
180.9
240.1
77.0
0.0
163.1
Federal Home Goan Mortgage Corp. [6]
0.2
1.0
4.3
5.5
N/A
6.4
(0.8)
Tax Court
5.0
0.0
5.5
10.4
4.1
0.0
6.3
Tax Court Survivors
0.4
0.0
2.3
2.7
1.3
1.0
0.5
Comptroller General
1.3
0.0
0.0
1.3
0.0
0.0
1.3
Nonappropriated funds
Army/Air Force
542.5
5.7
977.6
1,525.7
328.0
652.2
545.5
Army/Air Force Supplemental
97.0
0.0
82.7
179.7
20.4
68.1
91.1
Army
17.7
0.0
141.7
159.5
60.0
105.3
(5.8)
Air Force
9.1
1.1
119.0
129.2
51.9
67.1
10.2
Navy Resale
142.9
0.6
287.6
431.1
112.8
230.3
88.0
Navy Personnel
17.2
0.1
102.6
119.8
58.6
51.3
9.9
Coast Guard Resale
1.3
0.0
8.2
9.6
4.5
4.7
0.5
Norfolk Shipyard
0.5
0.0
0.9
1.6
0.3
1.3
0.0
Navy Morale, Welfare & Recreation
UA
UA
UA
UA
UA
UA
UA
Marines [6]
0.6
0.3
46.2
47.2
15.1
30.5
1.6
Farm credit banks
Austin [6]
6.3
1.2
28.3
35.9
7.0
17.7
11.2
Baltimore [6]
2.3
0.2
20.5
23.1
9.8
9.4
3.9
Columbia [6]
3.6
0.9
39.1
[291
43.6
[29]
UA
[29]
25.4
18.2
Louisville [6]
10.6
1.1
95.6
107.3
52.7
40.4
14.2
New Orleans
1.5
0.1
24.3
25.9
16.2
9.7
0.0
New Orleans Prod. Credit Assoc.
3.1
0.2
15.0
18.3
8.3
10.0
0.0
Omaha [6]
2.9
1.6
54.9
59.5
29.1
24.2
6.2
Sacramento [6]
6.0
0.6
33.2
39.8
15.0
24.9
0.0
Spokane
UA
UA
OA
UA
UA
UA
UA
Springfield
3.9
0.4
25.4
29.6
14.1
12.7
2.8
St. Louis
7.2
1.7
46.3
55.2
18.9
27.3
9.0
St. Paul
7.5
1.5
120.5
129.5
66.0
43.6
20.0
Wichita [61
3.2
0.6
43.0
46.8
25.3
14.8
6.6
Total
$657,579.7
$4,060.8
$1,032,333.9
$1,693,974.9
$466,784.7
$115,373.0
$1,111,821.8
See accompanying notes.
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
II XICINaddli
II XICIN3ddV
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
Table 9
Unfunded. Actuarial Accrued Liability -- 1979-1983
Retirement Plan
1983
1982
1981
1980
1979
(millions)
Civil Service
$ 528,100.0
$ 514,800.0
$498,900.0
$469,500.0
$403,100.0
Military
563,600.0
526,900.0
476,900.0
431,100.0
355,800.0
Coast Guard
9,567.2
8,671.8
8,678.0
PA
UA
Federal Reserve Bank
295.8
320.6
339.7
306.5
305.6
Federal Reserve Board
24.3
29.1
31.0
33.0
41.7
Tennessee Valley Authority
606.3
559.9
575.1
486.4
424.7
Foreign Service
6,186.0
5,785.6
5,528.7
4,989.5
3,815.4
Public Health Service
2,280.0
2,142.0
2,018.0
2,273.0
UA
Judiciary
158.7
154.2
141.0
129.6
132.2
Judiciary Survivors
0.0
[5]
0.0
(5)
16.8
8.1
0.0
Natl. Oceanic & Atmospheric Admin.
163.1
156.3
135.8
117.8
UA
Federal Home Loan Mortgage Corp. [6)
(0.8)
(0.8)
0.0
0.0
0.0
Tax Court
6.3
5.8
5.2
4.8
6.4
Tax Court Survivors
0.5
0.8
0.6
0.6
0.0
Comptroller General
1.3
1.0
1.0
1.0
0.9
Nonappropriated funds
Army/Air Force
545.5
579.5
493.0
452.6
366.6
Army/Air Force Supplemental
91.1
97.2
92.9
88.8
68.8
Army
(5.8)
(16.4)
(11.9)
1.4
3.5
Air Force
10.2
18.1
26.7
29.9
38.5
Navy Resale
88.0
97.2
86.9
93.3
114.4
Navy Personnel
9.9
8.6
8.3
7.9
12.0
Coast Guard Resale
0.5
0.5
0.9
0.7
1.0
Norfolk Shipyard
0.0
0.0
0.0
UA
UA
Navy Morale, Welfare & Recreation
[16]
UA
0.0
0.0
0.0
0.0
Marines [6]
1.6
4.1
1.9
4.2
5.6
Farm credit banks
Austin [6]
11.2
13.2
9.6
4.4
4.8
Baltimore [6]
3.9
3.1
1.1
2.2
2.6
Columbia [6]
18.2
18.4
5.4
5.5
UA
Louisville [81
14.2
14.6
10.1
UA
'HA
New Orleans
0.0
1.2
1.4
1.4
1.5
New Orleans Prod. Credit Assoc.
0.0
2.4
2.7
2.6
2.8
Omaha [6]
6.2
6.3
6.7
6.4
6.9
Sacramento 46]
0.0
2.9
3.4
3.8
4.3
Spokane
uA
8.6
6.7
1.8
2.0
Springfield
2.8
2.9
2.9
3.0
2.8
St. Louis
9.0
10.3
10.4
10.1
11.0
St. Paul
20.0
20.0
18.6
14.3
13.0
Wichita [6]
6.6
6.6
4.5
4.5
UA
'Dotal
$1,111,821.8
81,060,425.6
$994,053.1
$909,689.1
$764,289.0
See accompanying motes.
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001:1
II XICINaddY
II XICINaddV
u0
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
Table 10
Ratio of Fund Net Assets to Present Value of Future Benefits for Annuitants Now on Roll
Plus Accumulated Employee Contributions --
1979-1983
1980
1979
Retirement plan
1983
1982
1981
Civil Service
0.310
0.290
0.272
0.253
0.274
Military [31
0.000
0.000
0.000
0.000
0.000
Coast Guard [3]
0.000
0.000
0.000
UA
UA
Federal Reserve Bank
2.260
2.170
1.950
1.910
1.800
Federal Reserve Board
1.580
1.450
1.380
1.330
1.240
Tennessee Valley Authority
1.152
1.113
1.080
1.098
1.140
Foreign Service
0.404
0.330
0.265
0.212
0.216
Public Health Service [31
0.000
0.000
0.000
0.000
UA
Judiciary [3]
0.000
0.000
0.000
0.000
0.000
Judiciary Survivors
1.595
1.612
1.189
1.203
2.547
Natl. Oceanic & Atmospheric Admin. [3]
0.000
0.000
0.000
' 0.000
UR
Federal Home [Dan Mortgage Corp.
22.100
33.100
118.600
86.500
63.100
Tax Court [3]
0.000
0.000
0.000
0.000
0.000
Tax Court Survivors
1.184
1.017
0.871
0.839
1.718
Comptroller General [3]
0.000
0.000
0.000
0.000
0.000
Nonappropriated funds
Army/Air Force
1.060
1.060
1.050
0.995
0.957
Army/Air Force Supplemental
0.700
0.670
0.630
0.575
0.690
Army
3.430
3.220
3.350
3.580
3.890
Air Force
5.930
5.290
4.770
4.750
3.220
Navy Resale
1.510
1.430
1.490
1.410
1.330
Navy Personnel
2.710
2.510
2.350
2.310
2.110
Coast Guard Resale
3.040
3.240
2.740
3.100
3.100
Warfolk Shipyard
1.870
1.900
2.150
1.900
Uh
Navy Morale, Welfare & Recreation
[161
LA
N/A
N/A
N/A
N/A
Marines [30]
7.610
7.630
7.630
7.100
7.100
Farm credit banks
Austin (30)
2.786
2.798
3.107
2.133
1.834
Baltimore [30]
4.030
3.670
4.750
3.240
2.270
Columbia (30]
'3.250
3.480
3.220
3.060
UA
Lauisville [30]
3.460
2.970
3.020
UA
UA
New Orleans
6.632
3.523
2.884
2.840
3.815
New Orleans Prod. Credit Assoc.
3.104
1.846
2.245
2.228
1.873
Omaha [30]
7.307
6.634
6.693
6.974
6.602
Sacramento [30]
3.527
2.191
2.026
1.963
2.000
Spokane
UA
3.763
3.768
3.964
4.135
Springfield
3.290
3.410
2.910
2.810
3.280
St. Louis
3.810
3.573
3.550
3.583
3.423
St. Paul
5.790
5.940
5.510
6.870
7.440
Wichita [30]
4.610
4.240
4.890
4.840
UA
See accompanying notes.
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
II XICINSadV
II XIGNacIcIV
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
Table 11
Comparison of 40-year Level Amortization of Unfunded Liability with Actual Contributions -- Plan Year 1983
40-year Actual
level Actual contribution Ratio of actual
a
mortization Total contribution less total contribution to
Normal of unfunded actuarial from all actuarial total actuarial
oust liability contribution sources contribution contribution
Retirement plan
(millions)
Civil Service
$22,500.0
$33,100.0
$ 55,600.0
$25,000.0
($30,600.0)
0.45
Military .
15,400.0
33,000.0
48,400.0
15,900.0
(32,500.0)
0.33
Coast Guard
203.8
599.9
803.7
317.9
(485.8)
0.40
Federal Reserve Bank
42.0
25.5
67.5
46.8
(20.7)
0.69
Federal Reserve Board -
4.6
2.3
6.9
3.9
(3.0)
0.57
Tennessee Valley Authority
87.1
21.8
108.9
102.0
(6.9)
0.94
Foreign Service
214.7
384.5
599.2
430.8
(168.4)
0.72
Public Health Service
94.1
142.4
236.5
60.7
(175.8)
0.26
Judiciary
15.4
11.1
26.6
UA
(26.6)
UA
Judiciary Survivors
3.9
0.0
3.9
4.5
0.6
1.15
Nati. Oceanic & Atmospheric Admin.
6.5
10.4
16.9
4.1
(12.8)
0.24
Federal Home Loan Mortgage Corp. [31]
0.8
(0.8)
' 0.0 [32]
0.0
0.0
N/A
Tax Court
0.3
0.4
0.8
UR
(0.8)
UA
Tax Court Survivors
0.1
0.0
0.1
0.1
0.0
0.75
Oomptroller,General
0.0
0.1
0.1
0.1
0.0
1.15
Nonappropriated funds
Army/Air Force
35.9
45.0
80.9
70.0
(10.9)
0.87
Army/Air Force Supplemental
2.3
7.5
- 9.8
8.0
(1.8)
0.81
NJ
Army
- 7.3
0.0
7.3
6.2
(1.1)
0.85
CD
Air Force
4.8
1.3
6.1
6.8
0.7
1.11
Navy Resale
10.8
7.5
18.4
18.8
0.5
1.03
Navy Personnel
4.4
0.7
5.1
5.1
0.0
1.01
Coast Guard Resale
0.4
0.0
0.4
0.5
0.1
1.20
Norfolk Shipyard
0.1
0.0
0.1
0.1
0.0
1.37
Navy Morale, Welfare & Recreation
0.1
0.0
0.1
0.1
0.0 .
1.34
Marines [31]
1.8
0.1
1.9
2.7
0.8
1.43
Farm credit banks
Austin [31]
0.8
0.7
1.5
1.9
0.4
1.23
Baltimore [31]
0.8
0.3
1.1
1.4
0.3.
1.25
Columbia [31]
2.7
1.3
4.0
4.4
0.4
1.09
Louisville [31]
3.9
1.0
5.0
5.1
0.2
1.03
New Orleans [31]
0.9
0.1
1.1
1.2
0.1 '
1.14
New Orleans Prod. Credit Assoc. [31]
0.6
0.2
0.8
1.0
0.2
1.32
Omaha [311
2.8
0.5
3.2
3.3
0.0
1.01
Sacramento [31]
1.5
0.0
1.5
1.6
0.2
1.11
Spokane [311
1.3
0.1
1.4
2.6
1.2
1.83
Springfield
1.2
0.2
1.4
1.7
0.3
1.21
St. Louis [31]
1.5
1.1
2.6
2.6
0.0
1.00
St. Paul [31]
3.8
1.3
5.2
6.0
0.9
1.17
Wichita [31]
1.7
0.5
2.2
2.2
0.0
1.00
Total
$38,664.7
$67,367.0
$106,032.2
$42,024.2
($64,007.7)
See accanpanying notes.
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
II XICINZadV
II XIC1NaddV
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
Table 12
Comparison of 40-year Level Amortization of Unfunded Liability with Actual Contributions as a Percentage of Payroll -- Plan Year 1983
Normal
cost as a
percentage
Retirement plan of payroll
Actual contribution
40-year level
Actual
less total
amortization of
Tatal actuarial
contribution
actuarial
unfunded liability
contribution as
as a
contribution as
as a percentage
a percentage
percentage
a percentage
of payroll
-of payroll
of payroll
of payroll
Civil Service
36.50
53.70
90.20
40.60
(49.60)
Military
50.70
108.80
159.50
52.40
(107.10)
Coast Guard
38.30
112.80
151.20
59.80
(91.40)
Federal Reserve Bank
9.23
5.59
14.82
10.28
(4.54)
Federal Reserve Board
12.34
6.23
18.57
10.47
(8.10)
Tennessee Valley Authority
13.79
3.46
17.25
16.10
(1.15)
Foreign Service
45.60
81.60
127.20
91.50
(35.70)
'
Public Health Service
55.50
84.00
139.50
35.80
(103.70),
Judiciary
28.10
20.30
48.40
ta
UA
Judiciary Survivors
7.96
13.00
7.96
, 9.16
1.20
Natl. Oceanic 6, Atmospheric AdMin.
65.60
104.90
170.50
41.60
A128.90)
Federal Home Loan Mortgage Corp. [31]
6.96
(6.96)
0.00 [32]
0.00
MO
Tax Court
25.10
34.40
59.50
UA
UA
Tax Court Survivors
8.59
2.81
11.40
.8.59
(2.81)
Comptroller General
N/A
N/A
,, N/A
N/A
N/A
Nonappropriated funds
Army/Air Force
10.47
13.13
23.60
_20.43
(3.17)
Army/Air Force Supplemental
5.89
19.44
25.33
20.60
(4.73)
BrnW
6.25
0.00
6.25
.. 5.31
(0.94)
Air Force
7.31
1.92
9.23
10.28
1.05
Navy Resale
9.32
6.51
15.83
16.24
0.41
Navy personnel
6.74
1.02
7.76
7.82
0.06
Coast Guard Resale
9.07
0.91
9.98
12.01
2.03
Norfolk Shipyard
8.07
0.00
8.07
11.06
2.99
Navy Morale, Welfare 6, Recreation
UA
UA
UA
UA
UK
Marines [31]
4.82
0.33
' 5.14
7.33
2.19
Farm credit banks
Austin 131]
4.32
4.00
8.31
10.23
1.92
Baltimore (31)
4.45
1.93
6.38
'7.96
1.58
Columbia [31]
8.00
.--3.79
11.79
12.84
.1.05
Louisville [31]
8.42
2.20
10.62
10.94
0.32
New Orleans [31]
8.82
1.14
9.96
11.36
1.40
New Orleans Prod. Credit Assoc. [31]
Omaha [311
7.60,
6.21
2.64
1.02
10.24
7.23
13.47
7.31
3.23
0.07
Sacramento [31]
6.13
0.00
6.13
6.79
0.66
Spokane [31]
Springfield
4.94
6.96
0.53
1-;14
5.47
8.10
10.00
9.78
'
.4.53
1.68
St. Louis [31]
4.84
3.44
8.28
8.28
0.00
St. Paul [311
7.11
2.47
9.58
11.17
1.59
Wichita [31]
6.25
1.88
8.13
8.16
0.00
See accompanying notes.
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
II XICINaddV
II XICINaddV
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
Table 13 [331
U.S. CIVIL SERVICE RETIREMENT SYSTEM
PAST AND PROJECTED FLOW OF PLAN ASSETS
(in billions of dollars)
Total
Fiscal Fund Balance Employee Employer Investment Fund Fund Balance Covered
Year Beginning of Year Contributions Contributions Income Disbursements End of Year Payroll
1979 $56.3 $3.4 $12.9 $4.2 $12.6 $63.9 , $47.4
1980 63.9 3.7 15.6 5.1 15.0 73.0 51.2
1981 73.0 4.0 18.2 5.9 17.8 83.4 55.6
1982 83.4 4-.2 19-.4 8.7 19.7 96.1 58.3
1983 96.1 4.5 20.5 9.8 20.9 110.0 61.6
1984" 110.0 4.5 20.8 11.0 22.4 123.7 64.9
1985 123.7 4.7 21.8 12.2 23.8 138.6 67.3
1986 138.6 5.0 22.9 13.3 25.7 153.9 71.1
1987 153.9 5.3 24.1 14.2 27.5 169.8 75.4
1988 169.8 5.6 25.1 14.8 29.3 186.3 79.7
1989 186.3 5.9 26.2 15.3 31.1 202.5 84.1
1990 202.5 6.2 27.5 15.9 33.1 218.9 88.8
1991 218.9 6.6 28.9 16.5 35.3 235.3 93.9
1992 235.3 6.9 30.5 17.1 37.6 252.0 99.2
1993 252.0 7.3 32.2 17.7 40.1 269.0 104.8
1994 269.0 7.7 34.0 18.4 42.6 286.3 110.7
1995 286.3 8.2 36.0 18.9 45.2 304.0 116.9
1996 304.0 8.6 38.1 19.4 47.9 322.1 123.5
n) 1997 322.1 9.1 40.3 19.9 50.8 340.5 130.4
n) 1998 340.5 9.6 42.8 20.6 53.8 359.5 137.6
1999 359.5 10.2 45.4 21.4 56.9 379.2 145.9
2000 379.2 10.7 47.9 22.2 60.3 399.6 153.2
2001 399.6 11.3 50.6 23.2 63.8 420.7 161.6
2002 420.7 11.9 53.6 24.3 67.5 442.8 170.3
2003 442.8 12.7 56.5 25.6 71.5 465.7 179.4
2005 489.6 14.0 63.0 28.3 80.4 514.3 198.9
2010 621.9 18.1 83.0 35.9 107.1 651.3 257.8
2015 781.8 23.7 109.9 45.0 141.3 818.5 335.5
2020 984.8 30.8 146.4 56.6 185.9 1032.0 437.6
2025 1241.7 40.3 190.6 71.2 244.7 1298.1 571.3
2030 1550.7 ,52.7 252.5 88.8 320.3 1623.1 746.7
2035 1964.2 68.8 336.3 112.3 417.2 2062.9 976.1
2040 2519.1 90.0 441.0 144.0 541.7 2650.3 1275.6
2045 3256.9 117.6 577.3 186.3 703.9 3431.5 1667.1
2050 4236.5 153.7 755.5 242.3 917.2 4467.3 2178.9
2055 5527.9 200.9 988.1 316.2 1197.5 5831.0 2847.6
2060 7220.1 262.6 1291.6 413.0 1564.6 7616.5 3721.7
Source: U.Si Civil Service Retirement System Annual Report, September 30, 1983.
See accompanying notes.
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
XICINScIdY
II X,IgNaddV
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
el
Fiscal
Year
Fund Balance
Beginning of Year
Table 14 1331
U.S. CIVIL SERVIC!'. KETIKEMENT SYSTEM
PAST AND PROJECTED FLOW OF PLAN ASSETS
Fund
Disbursements
Fund Balance
End of Year
(as a percentage of payroll)
Employee Employer Investment
Contr4butions Contributions Income
1979
118.81
7.21
27.21
8.91
26.61
134.81
1980
124.8
7.2
30.5
10.0
29.1
142.6
1981
131.3
7.2
32.7
10.6
32.0
149.8
1982
143.0
7.2
33.4
14.9
13.8
164.8
1983
156.0
7.3
33.3
15.9
31.9
178.6
1984
169.4
7.0
32.0
t7.0
34.4
190.6
1985
184.0
7.0
32.5
18.2
35.3
206.1
1986
194.8
7.0
32.1
18.8
36.2
216.3
1987
204.1
7.0
31.9
18.8
36.5
225.2
1988
213.1
7.0
31.5
18.6
36.8
233.8
1989
221.7
7.0
31.2
18.2
37.0
240.9
1990
228.0
7.0
30.9
17.9
37.2
246.4
1991
231.2
7.0
30.8
17.6
37.6
250.7
1992
237.3
7.0
30.7
17.3
38.0
254.2
1993
240.6
7.0
30.7
16.9
38.2
256.8
1994
243.1
7.0
30.7
16.6
38.5
258.7
1995
244.9
7.0
30.8
16.2
38.7
260.1
1996
246.2
7.0
30.8
15.7
38.8
260.8
1997
247.0
7.0
30.9
15.3
38.9
261.1
1998
247.4
7.0
31.1
15.0
39.1
261.2
1999
247.5
7.0
31.2
14.7
39.2
261.1
2000
247.5
7.0
31.3
14.5
19.3
260.8
2001
247.3
7.0
31.3
14.4
39.5
260.3
2002
247.0
7.0
31.4
14.3
39.6
259.9
2003
246.8'
7.0
31.6
* 14.3
19.9
259.6
2005
246.1
7.0
31.7
14.2
40.4
258.5
2010
241.2
7.0
32.2
13.9
41.5
252.6
2015
233.0
7.0
32.8
13.4
42.1
244.0
2020
225.0
7.0
33.5
12.9
42.5
235.8
2025
217.3
7.1
33.3
12.5
42.8
227.2
2030
207.7
7.1
33.8
11.9
42.9
217.4
2035
201.2
7.1
34.4
11.5
42.7
211.4
2040
197.5
7.1
34.5
11.3
42.5
207.8
2045
195.4
7.1
34.6
11.2
42.2
205.8
2050
194.4
7.1
34.6
11.1
42.1
205.0
2055
194.1
7.1
34.7
11.1
42.1
204.8
2060
194.0
7.1
34.7
11.1
42.0
204.7
Source: U.S. Civil Service Retirement System Annual Report, September 30, 1983.
See accompanying notes.
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
X I CINa ddli
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
Table 15
Plan year
Fund balance
beginning of
122E
Employee
contributions
Past
'Military Retirement System
Fund balance
end of year
Total
covered
payroll
and Projected Flow of Plan Assets [34,35)
Employer
contributions
Investment
income
Fund
disbursements
(billions)-
'
,
1980
$0.0
$0.0
11.9
$0.0
$ 11.9
$0.0
S /0.9
1981
0.0
0.0
13.7
0.0
13.7
0.0
23.5
1982
0.0
0.0
14.9
0.0
14.9
0.0
27.9
1983
0.0
0.0
15.9
0.0
15.9
0.0
30.3
1984
0.0
0.0
16.6
0.0
16.6
0.0
31.6
1985
0.0
0.0
17.2
0.0
17.2.
0.0
33.6
1986
0.0
0.0
18.4
0.0
18.4
0.0
35.8
1987
0.0
0.0
19.6
0.0
19.6
0.0
38.2
1988
0.0
0.0
20.9
0.0
20.9
0.0
40.6
1989
0.0
0.0
22.1
0.0
22.1
0.0
42.9
1990
0.0
0.0
23.6
0.0
23.6
0.0
45.5
1991
0.0
0.0
25.2
0.0
25.2
0.0
48.2
1992
0.0
0.0
26.9
0.0
26.9
0.0
51.1
1993
0.0
0.0
28.8
0.0
28.8
0.0
54.0
1994
0.0
0.0
30.8
0.0
30.8
0.0
57.2
1995
0.0
0.0
32.9
, 0.0
32.9
0.0
60.5
1996
0.0
0.0
35.1
0.0
35.1
0.0
63.9
1997
0.0
0.0
37.5
0.0
37.5
0.0
67.5
1998
0.0
0.0
40.1
0.0
40.1
0.0
71.3
1999
0.0
0.0
42.9
0.0
42.9
0.0
75.2
2000
0.0
0.0
45.8
0.0
45.8
0.0
79.3
2001
0.0
0.0
48.8
0.0
48.8
0.0
83.8
2002
0.0
0.0
?
51.9
0.0
51.9
0.0
88.5
2003
0.0
0.0
55.0
0.0
55.0
0.0
93.6
2005
0.0
0.0
61.9
0.0
61.9
0.0
104.5
2010
0.0
0.0
82.3
0.0
82.3
0.0
137.1
2015
0.0
0.0
107.7
0.0
107.7
0.0
179.8
2020
0.0
0.0
112.7
0.0
112.7
0.0
235.2
2025
0.0
0.0
140.8
0.0
140.8
0.0
307.4
2030
0.0
0.0
184.3
0.0
184.3
0.0
401.6
2035
0.0
0.0
241.4
0.0
241.4
0.0
524.7
2040
0.0
0.0
316.3
0.0
316.3
0.0
685.8
2045
0.0
0.0
414.9
0.0
414.9
0.0
896.6
2050
? 0.0
0.0
545.0
0.0
545.0
0.0
1,171.7
2055
0.0
0.0
943.3
0.0
943.3
0.0
1,531.4
2060
0.0
0.0
1,240.9
0.0
1,240.9
0.0
2,001.5
See accompanyihg notes.
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
II XICH3ddli
I/
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
Table 16
Military Retirement System
Past and Projected Flow of Plan Assets as a Percentage of Payroll [34,35)
Fund balance
beginning of Employee Employer Investment Fund Fund balance
contributions contributions income disbursements end of year
Plan year year
(percentage)
1980 0 0 57.00 0 57.00 0
1981 0 0 58.00 0 58.00 0
1982 0 0 53.00 0 53.00 0
1983 0 0 52.00 0 52.00 0
1984 0 0 52.67 0 52.67 0
1985 0 0 51.23 0 51.23 0
1986 0 0 51.54 0 51.54 0
1987 0 0 51.41 0 51.41 0
1988 0 0 51.41 0 51.41 0
1989 0 0 51.48 0 51.48 0
1990 0 0 51.70 0 51.70 0
1991 0 0 52.17 0 52.17 0
1992 0 0 52.73 0 52.73 0
1993 0 0 53.27 0 53.27
1994 0 0 53.80 0 53.80 0
1995 0 0 54.35 0 54.35 0
1996 0 0 54.92 0 54.92 0
INJ 1997 0 0 55.54 0 55.54 0
Ln 1998 0 0 56.24 0 56.24 0
1999 0 0 56.98 0 56.98 0
2000 0 0 57.69 0 57.69 0
2001 0 0 58.24 0 58.24
2002 0 0 58.58 0 58.58
2003 0 0 58.77 0 58.77
2005 0 0 59.21 0 59.21 0
2010 0 0 60.03 0 60.03 0
2015 0 0 59.94 0 59.94 0
2020 0 0 59.86 0 59.86 0
2025 0 0 59.96 0 59.96 0
2030 0 0 60.11 0 60.11 0
2035 0 0 60.28 0 60.28 0
2040 0 0 60.49 0 60.49 0
2045 0 0 60.80 0 60.80 0
2050 0 0 61.18 0 61.18 0
2055 0 0 61.60 0 61.60 0
2060 0 0 62.00 0 62.00 0
See accompanying notes.
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
II XICINaddV
XICINSthlk/
Declassified and Approved For Release 2013/08/08: CIA-RDP89-00066R000700060001-1
Table 17
Actuarial Information -- Plan Year 1983
Economic Assumptions
Rate of
return
on plan
Inflation
Ratio of salary expected at normal
retirement to salary at:
Retirement plan
Actuarial cost method used
investments
rate
25
40
55
-----(percentage)-----
Civil Service
Entry age normal
6.0
5.0
18.70 [36]
4.60 [36]
1.50 [36)
Military
Aggregate entry age normal
6.0
5.0
4.60 [37]
1.17 [37]
N/A [37]
Coast Guard
Entry age normal
6.0
5.0
6.63 [38]
2.02 [38]
N/A [38]
Federal Reserve System
Entry age normal
7.5
5.0
19.75
5.26
1.88
Tennessee Valley Authority
Accrued benefit (unit credit)
7.5
5.0
11.31
3.62
1.62
Foreign Service
Entry age normal
6.0
5.0
2.6667 [39]
1.2884 [39]
N/A [39]
Public Health Service
Aggregate entry age normal
6.0
5.0
5.60
1.47
N/A
Judiciary
Entry age normal
7.0
5.0
11.13
4.98
2.23
Judiciary Survivors
Aggregate actuarial cost method
7.0
5.0
11.13
4.98
2.23
Natl. Oceanic & Atmospheric Admin.
Aggregate entry age normal
6.0
5.0
5.22
1.30
N/A
Federal Home Loan Mortgage Corp.
Unit credit actuarial cost method
8.0
- [40]
16.894
5.454
1.967
Tax Court
Entry age normal
7.0
5.0
11.13
4.98
2.23
Tax Court Survivors
Entry age normal
7.0
5.0
11.13
4.98
2.23
Comptroller General
Attained age normal
6.5
5.0
N/A
N/A
1.63
Nonappropriated funds
Army/Air Force
Entry age normal
8.0
5.0
12.22
4.43
1.61
Army/Air Force Supplemental
Entry age normal
8.0
5.0
12.22
4.43
1.61
Army
Entry Age Actuarial Cost Method
7.5
N/A [41]
10.28
4.00
1.55
Air Force
Entry age normal
7.0
5.0
14.97
5.43
1.97
Navy Resale
Entry age normal
8.0
5.0
12.22
4.43
1.61
Navy Personnel
Entry age normal
8.0
5.0
12.22
4.43
1.61
Coast Guard Resale
Entry age normal
8.0
5.0
12.22
4.43
1.61
Norfolk Shipyard
Aggregate
8.0
5.0
15.06
4.43
1.61
Navy Morale, Welfare & Recreation
Entry age normal
8.0
5.0
12.22
4.43
1.61
Marines
Entry age normal
7.5
5.0
10.279
3.997
1.554
Farm credit banks
Austin
Entry age normal
6.5
N/A
7.72
3.40
1.63
Baltimore
Entry age normal
9.0
N/A
21.72
6.85
2.16
Columbia
Individual entry age normal/
individual level premium
7.0
N/A
4.80
2.67
1.48
Louisville
Frozen initial liability
6.0 [421
N/A
10.29
4.29
1.79
New Orleans
Frozen initial liability
- [43)
N/A [41]
7.04
3.39
1.63
New Orleans Prod. Credit Assoc.
Frozen initial liability
- [44]
N/A [41]
7.04
3.39
1.63
Omaha
Frozen initial liability
7.5
5.0 [45]
10.29
4.29
1.79
Sacramento
Frozen initial liability
8.0
N/A
21.725
6.848
2.159
Spokane
Entry age normal
8.0
N/A
14.97
5.43
1.97
Springfield
Frozen initial liability
7.0
N/A
13.38
4.20
1.48
St. Louis
Frozen initial liability
7.5
- [46]
10.29
4.29
1.79
St. Paul
Entry age normal
6.5
0.0
7.04
3.39
1.63
Wichita
Frozen initial liability
8.0
- [47]
18.04
6.10
2.06
See accompanying notes.
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Retirement plan
Civil Service
Military
. Coast Guard
Federal Reserve Bank
Federal Reserve Board
Tennessee Valley Authority
Foreign Service
.Public Health Service
Judiciary
Judiciary Survivors
Natl. Oceanic & Atmospheric
Admin.
Federal Home Loan Mortgage
Corp.
Tax Court
Tax Court Survivors
Comptroller General
Nonappropriated funds
Army/Air Force
Army/Air Force Supplemental
Army
Air Force
Navy Resale
Navy Personnel
Coast Guard Resale
Norfolk Shipyard
Navy Morale, Welfare
& Recreation
Marines
Table 18
Actuarial Information -- Decrements -- Plan Year 1983
Normal
retirement
age
- [481
UA
Lowest age at
which employee
may voluntarily
retire with
full benefits
??
1-1
1-1
Mortality assumptions
Withdrawal assumptions
Plan experience
Plan experience - Published in FY 82 Valuation of
Plan experience
Plan experience - Published in FY 82
55 [491
- [50)
the Military Retirement System
Published table - 1971 Group Annuity Mortality
Published table - 1951 Group Annuity
Published table - 1951 Group Annuity
Published table - 1971 Group Annuity Table rated
back one year (use a special table for the
period after disability retirement)
Plan experience
Used rates developed for officers of the Military
Retirement System from 1977 through 1980
Published table - 1971 Group Annuity Mortality
Tables for Males and Females .
Published table - 1971 Group Annuity Mortality
Tables for Males and Females
Used rates developed for officers in the Military
Retirement System
Published table - 71 male GAM, with age set back
six years for females
Published table - 1971 Group Annuity Mortality
Tables for Males and Females
Published table - 1971 Group Annuity Mortality
Tables for Males and Females
Published table - 1983 Group Annuity Mortality
Table
Published table - 1971 Group Annuity Mortality
Table set back 2 years for males and 8 years
for females
Published table - 1971 Group Annuity Mortality
Table set back 2 years for males and 8 years
for females
Published Table - Towers, Perrin, Forester &
Crosby Forecast
Published table - 1971 Group Annuity Mortality
Table
Published table - 1971 Group Annuity Mortality
Table set back 6 years for females
Published table - 1971 Group Annuity Mortality
Table set back 6 years for females
Published table - 1971 Group Annuity Mortality
Table set back 6 years for females
Published table - Group Annuity Table for 1951
(Males) projected by Scale C to 1964 and set
back 6 years for females
Published table - 1971 Group Annuity Mortality
Table set back six years for females
Published table - GAM 1971 with ages set back
six years for females
Valuation of the Military Retirement
System
Department of Defense experience
Plan experience
Plan experience
Plan experience
Plan experience
Plan experience
None
None
Used rates developed for officers in the
Military Retirement System
Published table - T-5 less Ga 51 male
None
None
None
Table prepared by The Wyatt Company
Table prepared by The Wyatt Company
Report shows chart with typical rates of
withdrawal
Table prepared by The Wyatt Company
Table prepared by The Wyatt Company
Table prepared by The Wyatt Company
Table prepared by The Wyatt Company
Published table - Rates of turnover
inherent in Sarason T-3 Table
Table prepared by The Wyatt Company
Aetna's Turnover 70, adjusted for
disablement rates
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- (51)
65
65
65
50
- [55]
- [56]
N/A
- [52]
65
70
N/A
65
62
62
62
65
62
62
62
62
65
62 [57]
N/A [52)
60 [53]
55 1541
60
UA
- 1551
- [561
N/A
- [52]
UA
65
N/A
65
- [481
- [48]
55 [54]
62
- [481
- [481
- 1481
62
62 [57]
- [58]
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Table 18 Continued
Retirement plan
Mortality assumptions
Withdrawal assumptions
Normal
retirement
age
Lowest age at
which employee
may voluntarily
retire with
full benefits
Farm credit banks
Austin
Published Table - 1971 Group Annuity Table
Published Table - Termination Scale T5
according to Crocker, Sarason and
65
60 [53]
Straight Turnover Rates
Baltimore
Published table - UP-1984 Mortality Table
The Wyatt Company Multiple Service Tables;
service table used is based on plan
experience
- [59]
60 [53]
Columbia
Published table - 1971 Group Annuity Mortality
Published table - T-5 Crocker, Sarason and
65
62
Straight applied to nonvested benefits
only
Louisville
Published table - 1971 Group Annuity mortality
Published table - Table T-5 from the
65
65
Table for Males (ages set back 6 years for
females)
Actuary's Handbook
New Orleans
Published table - 1971. Group Annuity Mortality
(set back six years for females)
Report shows chart with typical rates of
withdrawal
65 [60]
62 [61]
NJ
CO
New Orleans Prod. Credit
Assoc.
Published table - 1971 Group Annuity Mortality
(set back six years for females)
Report shows chart with typical rates of
withdrawal
65 [60]
62 [61]
Omaha
Published table - 1971 GA with projection to
Published table - Table 7 of Actuary's
65
65
1974, setback 0 for males, 6 for females,
Bankers Life modification
Pension Handbook
Sacramento
Published table - 1971 Group Annuity Mortality
Table for males, with ages set back six years
for females
New York Life's table of rates, derived by
modification of Tables T-2 and T-8 from
Actuary's Handbook
65
65
Spokane
Published table - 1983 Group Annuity Mortality
Published table - Actuary's Pension
65
62 [62]
Table
Handbook T-3 and T-8
Springfield
Published table - TPF&C Forecast Mortality Table
Plan experience
65
62 [63]
St. Louis
Published table - 1971 Male Group Annuity
Published table - T"4 from the Actuary's
65
62 [62]
Mortality Table, set back six years for females
Pension Handbook modified for females
St. Paul
Published table - 1984 Unisex Table (set back one
year)
Plan indicated "other" but did not explain
65
62
Wichita
Published table - 1971 Group Annuity Table
projected by Projection Scale D to 1975 - set
back 6 years for females
Plan indicated "other" but did not explain
65
65
See accompanying notes.
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Table 19
Plan Profile (Name, Address, Dates) -- Plan Year 1983
Retirement plan
Plan name
Address
Date plan
established
Plan
year end
Civil Service
Military
Coast Guard
Federal Reserve System
Tennessee Valley Authority
Foreign Service
Public Health Service
Judiciary
U.S. Civil Service Retirement System
Military Retirement System
Coast Guard Military Retirement System
Retirement Plan for Employees of the
Federal Reserve System
Retirement System of the Tennessee Valley
Authority
Foreign Service Retirement and Disability
System
PHS Commissioned Corps Retirement System
Judicial Ratirement_System
1900 E. Street, N.W. Washington, D.C. 20415
Washington, D.C. 20301
2100 Second Street, S.W. Washington, D.C. 20593
Washington, D.C. 20551
400 Summit Hill Drive Knoxville, Tennessee 37902
2201 C St., N.W. Washington, D.C. 20520
Dept. of Health and Human Svs. 5600 Fishers Lane
Rockville, MD 20857
Export-Import Bank Bldg. 811 VerMont Avenue, N.W.
05/22/20
UA
UA
03/01/34
11/01/39
5/24/24
UA
09/30
09/30
09/30
12/31
09/30
09/30
09/30
12/31
Washington, D.C. 20005
Judiciary Survivors
Judicial Survivors' Annuities System
Export-Import Bank Bldg. 811 Vernant Ave., N.W.
08/03/56
12/31
Washington, D.C. 20005
Natl. Oceanic & Atmospheric Admin.
NCAA Corps Retirement System
6010 Executive Blvd. Rockville, Maryland 20852
06/03/48
09/30
Federal Bane Wan Mortgage Corp.
Federal Home Loan Mortgage Corporation
Employees' Pension Plan
1776 G Street, N.W. P.O. Box 37248 Washington,
D.C. 20013
01/01/74
12/31
Tax Court
United States Tax Court Retirement Plan
400 Second Street, N.W. Washington, D.C. 20217
08/08/53
12/31
Tax Court Survivors
United States Tax Court Survivors Annuity
400 Second Street, N.W N Washington, D.C. 20217
10/04/61
12/31
Plan
Comptroller General
Comptrollers General Retirement System
441 G Street, N.W. Washington, D.C. 20548
1953
09/30
Nonappropriated funds
Army/Air Force
Retirement Annuity Plan for Employees of
Army anaAir Force Kxchange Service
Army and Air Force Exchange Service Dallas,
Texas 75222 '
06/01/46
12/31
Army/Air Force Supplemental
Supplemental Deferred Compensation Plan
for Members of the Executive Management
Army and Air Force Exchange Service Dallas,
Texas 75222
12/10/69
12/31
Prcgram
Army
US Army Nonappropriated Fund Employee
P.O. Box 107 Arlington, Va. 22210-0107
01/01/66
09/30
Retirement Plan
Air Force
USAF Nonappropriated Fund Retirement Plan
for Civilian Employees
Randolph Air Force Base, Texas 78150
01/01/76
09/30 [641
Navy Resale
Navy Resale and Services Support Office
Retirement Plan for Civilian Employees
Ft. Wadsworth, Bldg. 208 Staten Island, New York
1 0305
03/01/52
12/31
Navy Personnel
Naval Military Personnel Oannand Retirement
Plan for Civilian Employees
Recreational Services Division Washington; D.C.
2 0370
03/01/52
12/31
Coast Guard Resale
U.S. Coast Guard Resale Programs Retirement
(GHFER-1/72) Washington, D.C. 20590
03/01/52 ?
12/31
Plan '
Norfolk Shipyard -
Norfolk Naval Shipyard Pension Plan
Norfolk Naval Shipyard Co-pp. Assoc. Portsmouth,
Virginia 23709
11/01/62
12/31
Pearl Harbor Restaurant
Shipyard Restaurant Money Purchase Plan
Box 400 Pearl Harbor, Hawaii 96806
12/31
Navy Morale, Welfare
U.S. Navy Nonappropriated Fund Retirement
Civilian Personnel Policy Division Dept. of the
10/01/82.
:12/31 (651'
& Recreation
Plan for Employees of Civilian Morale,
Welfare and Recreation Activities
Navy Washington, D.C. 20350
Marines
Retirement Plan for Civilian Employees of
US Marine Corps Exchanges, Recreation
Headquarters, U.S. Marine Corps Washington, D.C.
2 0380
01/01/66
12/31
Funds, Clubs, Messes, and the Marine
Corps Exchange Service
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Table 19 Continued
Retirement plan
Plan name
Address
Date plan
established
Plan
year end
Farm credit banks
Austin
Farm Credit Banks of Texas Pension Plan
P.O. Box 15919 Austin, Texas 78761
11/01/60
12/31
Baltimore
Farm Credit District of Baltimore
P.O. Box 1555 Baltimore, Maryland 21203
07/01/49
12/31
Retirement Plan
Columbia
Farm Credit Retirement Plan - Columbia
P.O. Box 1499 Columbia, South Carolina 29202
09/01/61
08/31
District
louisville
Farm Credit Institutions in the Fourth
P.O. Box 32660 Louisville, Kentucky 40232
08/01/60
12/31
District 1979 Amended Retirement Plan
New Orleans
Farm Credit Retirement System - New
860 St. Charles Avenue New Orleans, Louisiana
09/01/60
12/31
Orleans District
70130
New Orleans Prod. Credit
Production Credit Associations; Retirement
860 St. Charles Avenue New Orleans, Louisiana
03/01/50
12/31
Assoc.
Plan - New Orleans District
70130
Omaha
Eighth Farm Credit District Retirement
206 South 19th Street. Omaha, Nebraska 68102
07/01/49
12/31
Plan
Sacramento
Sacramento Farm Credit Employees'
3636 American River Or. Sacramento, California
01/01/60
12/31
Retirement Plan
95825
Spokane
TWelfth District Farm Credit Retirement
TAF C-5 Spokane, Washington 99220
01/01/49
12/31
Plan
Spokane Prod. Credit Assoc.
PCA Incentive Deferred Compensation Plan
TAF C-3 Spokane, Washington 99220
12/31/64
12/31
Spokane Thrift
TWelfth District Farm Credit Thrift Plan
TAF C-5 Spokane, Washington 99220
UA
12/31
Springfield
Group Retirement Plan for Federal Land
P.O. Box 141 Springfield, Massachusetts 01101
04/01/49
03/31
Bank Associations, Production Credit
Associations and Farm Credit Banks in
the First Farm Credit District
St. Louis
Sixth Farm Credit District Retirement Plan
P.O. Box 504 St. Louis, Missouri 63166
05/01/48
12/31 1661
St. Paul
Retirement Plan for the Employees of the
375 Jackson Street St. Paul, Minnesota 55101
07/01/48
12/31
Seventh Farm Credit District (1980)
Wichita
Retirement Plan for Employees of the
151 North Main Wichita, Kansas 67202
11/01/48
02/29
Associations and Banks of the Ninth
Farm Credit District
See accompanying notes.
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Table 20
Plan Profile (Sponsor, Administrator, Funding) -- Plan Year 1983
Retirement plan
Plan sponsor
Plan administrator
Type of
funding
Civil Service
Military
Coast Guard
Federal Reserve System
U.S. Office of Personnel Management
Department of Defense
Commandant (G-FPS) United States Coast Guard
The Board of Governors of the Federal Reserve
System
James W. Morrison, Jr.
Dr. Lawrence J. Korb
Rear Admiral W.P. Kozlovsky
. Philip Van Orman
Trust
Pay-as-you-go 1671
Pay-as-you-go
Trust
Tennessee Valley Authority
Tennessee Valley Authority
Herbert S. Sanger, Jr.
Trust
Foreign Service
Department of State
Jerrold M. North
Trust
Public Health Service
Public Health Service
John Elsbree
Pay-as-you-go
Judiciary
The Federal Judiciary-Administrative Office of
the United States Court
Edward V. Garabedian
Pay-as-you-go
Judiciary Survivors
The Federal Judiciary-Administrative Office of
the United States Courts
Edward V. Garabedian
Designated fund
Natl. Oceanic & AtmoSpheric Admin.
National Oceanic and Atmospheric Administration
Rear Admiral K.E. Taggart
Pay-as-you-go
Federal Home Loan Mortgage Corp.
Federal Home Loan Mortgage Corporation
Stephen G. Haines
Trust
Tax Court
United States Tax Court
Howard A. Dawson, Jr.
Pay-as-you-go
Tax Court Survivors
United States Tax Court
Howard A. Dawson, Jr.
Designated fund
Comptroller General
U.S. General Accounting Office
Director, Office of Financial
Pay-as-you-go
Management
Nonappropriated funds
Army/Air Force
Departments of the Army and the Air Force
Martin J. Rodman
Combination
Army/Air Force Supplemental
Departments of the Army and the Air Force
Martin J. Rodman
Insured
Army
U.S. Army Morale, Welfare & Recreation Fund
William J. Brantley
Other - IPG
Contracts, Army
II XICIN.ScidV
Central Invest-
ment Program,
Certificates of
Deposit, Single
Premium Annuities
Air Force
Department of the Air Force Welfare Board
W. Forrest Robertson
Nonappropriated fund
Navy Resale
Navy Resale and Services Support Office, Risk
Harry Miller
Combination
Management Branch
Navy Personnel
Naval Military Personnel Contend, Employee
Susan W. Meldrim
Combination
Benefits Section
Coast Guard Resale
Navy Resale and Services Support Office, Risk
Harry Miller
Combination
Management Branch
Norfolk Shipyard
Norfolk Naval Shipyard Co-operative Association
Charlie L. Hurt, Jr.
Insured
Pearl Harbor Restaurant
Shipyard Restaurant System
Thomas A. Marnane, Commander,
PHNSY
Insured
Navy Morale, Welfare & Recreation
Navy NOnapppropriated Funds Activities
Jane DePriest
Insured
Marines
Commandant of the Marine Corps (LFE)
Colonel William R. Irwin
Insured
See accompanying notes.
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Retirement plan
Table 20 Continued
Plan administrator
Type of
funding
Plan sponsor
Farm credit banks
Austin
Texas Bank for Cooperatives
Plan Committee for Farm Credit
Trust
Banks of Texas Pension Plan
Baltimore
Federal Land Bank of Baltimore
Executive Committee, Farm
Trust
Credit Banks of Baltimore
Columbia
The Federal Land Bank of Columbia
Plan Committee
Trust
Louisville
Trustees of Farm Credit Institutions in the
Robert C. Brown
Trust
Fourth District Retirement Trust
New Orleans
Farm Credit Banks of New Orleans
John G. Swider
Trust
New Orleans Prod. Credit Assoc.
Production Credit Associations - New Orleans
John G. Swider
Trust
District
Omaha
UA
John Lovestad
Trust
Sacramento
Spokane
Farm Credit Banks of Sacramento
Farm Credit Banks
Carolin R. Brock
Joyce Johnson
Trust
Combination
Spokane Prod. Credit Assoc.
Federal Intermediate Credit Bank
C.W. Blackhart
Combination
Spokane Thrift
Farm Credit Banks
Joyce Johnson
Combination
Springfield
Group Retirement Plan for Federal Land Bank
Stephen Barlow
Trust
Associations, Production Credit Associations
and Farm Credit Banks in the First Farm
Credit District
St. Louis .
Sixth Farm Credit District Retirement Plan
John Luetkemeyer
Trust
Trust Committee
St. Paul
Seventh Farm Credit District
Cindy Wilson
Trust
Wichita
The Ninth Farm Credit District
Charles N. Thorpe
Trust
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o.)
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Table 21
Plan Profile (Actuary, Auditor) -- Plan Year 1983
Retirement plan
Enrolled actuary
Date of
actuarial
valuation
1983 plan year
auditor [68]
Opinion
Civil Service
Military
Coast Guard
Federal Reserve System
Tennessee Valley Authority
Foreign Service
Public Health Service
Judiciary
Judiciary Survivors
Natl. Oceanic & Atmospheric Admin.
Federal Home Loan Mortgage Corp.
Tax Court
Tax Court Survivors
Comptroller General
Nonappropriated funds
Army/Air Force
Army/Air Force Supplemental
Army
Air Force
Navy Resale
Navy Personnel
Coast Guard. Resale
Norfolk Shipyard
Pearl Harbor Restaurant
Navy Morale, Welfare & Recreation
Marines
Farm credit banks
Austin
Baltimore
Columbia
Louisville
New Orleans
New Orleans Prod. Credit Assoc.
Omaha
Sacramento
Spokane
Spokane Prod. Credit Assoc.
Spokane Thrift
Springfield
St. Louis
St. Paul
Wichita
3261 Ronald Gebhatdtsbauer
2665 Claire L. WOlkoff
1118 Thomas D. Levy
1133 Richard A. Middleton
2545 Donald M. Overholser
1499 Edwin C. Hustead
1499 Edwin C. Hustead
0418 Peter D. Verne
0418 Peter D. Verne
1499 Edwin C. Hustead
1499 Edwin C. Hustead
0418 Peter D. Verne
0418 Peter D. Verne
1649 Lottie Lisle
0049 Henry Bright
0049 Henry Bright
0810 Peter A. Bleyler
0049 Henry Bright
0049 Henry Bright
0049 Henry Bright
0049 Henry Bright
3504 welter F. Browne
N/A
0049 Henry Bright
2633 William W. Bush, III
0322 Richard E. White
0411 Elizabeth H. Anglin
UA
1348 Richard M. Kaye
Margaret Wbcd-Duggan
Margaret cd-Duggan
0306 Robert L. Kodis
2153 Sidney T. Kaufman
0515 David M. Gladstone
0515 David M. Gladstone
0515 David M. Gladstone
1697 Elsbeth T. Erbe
UA
0484 Richard H. Solomon
1815 Jenean C. Cordon
09/30/83'
05/83
09/30/83
12/31/83
09/30/83
09/30/83
09/30/83
12/31/83
12/31/83
09/30/83
01/01/84
12/31/83
12/31/83
09/30/83
01/01/84
01/01/84
09/30/83
09/30/83
01/01/84
01/01/84
01/01/84
12/31/83
N/A
10/01/82
01/01/84
01/01/83
01/01/83
09/01/82
01/01/83
12/31/83
12/31/83
01/01/84
01/01/84
03/84
N/A
N/A
04/01/83
01/01/84
01/01/84
03/01/82-
Coopers & Lybrand
Arthur Andersen & Co.
Ernst & Whinney
Price Waterhouse
Ernst & Whinney
Peat, Marwidk, Mitchell & Co.
Arthur Andersen &
Arthur Andersen & Co.
'Douche Ross & co.
Finton, Jenkins, Foley &
Rose, CPA's
Price Waterhouse
Price Waterhouse
Price Waterhouse
Arthur Andersen & Co.
Peat, MarwiCk, Mitchell & Co.
Price Waterhouse
Peat, Marwidk, Mitchell & Co.
Unqualified
Unqualified
Unqualified
Unqualified
Unqualified
Unqualified
Unqualified
Unqualified
Unqualified
Unqualified
Disclaimer [69]
Unqualified
Unqualified
[70]
[70]
Unqualified
with a scope
limitation [71]
Unqualified
See accompanying notes.
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Notes to Tables
1. Note that the information presented in this report is not conparable
from plan to plan because of differences in the plans' year ends
(table 19) and in the actuarial assumptions selected (tables 17 and
18).
2. For the official retirement plan name see table 19.
3. These plan's are unfunded and reported no net assets as of 1983.:
4. The Federal Reserve System plan is ?unposed of the Federal Reserve
Board plan and the Federal Reserve Bank plan. When applicable,
information is presented separately for the Bank and Board.
5. As of 12/31/82, the funding method was changed from the entry age
normal funding method to the aggregate method. Under this method
there is no accrued liability.
6. The figure given for unfunded actuarial liability is for the
beginning of the year.
7. :No reports have been filed for this retirement plan; therefore, the
plan will not be included on the remaining tables of this report.
8. The Smithsonian, Uniformed Services University, and the Department of
Agriculture (U.S.D.A.) Graduate School plans use the Teacher's
Insurance and Annuity Association/College Retirement Equities Fund
(TIAA/CREF) to administer their retirement plans (defined
contribution plans). Reports for the Smithsonian and the Uniformed
Services University have been filed with the General Accounting
Office (GAO); however, the information supplied is applicable to
T1AA/CREF as a whole and not to the individual member plans.
Therefore, the information will not be included in this report.
There is uncertainty as to whether the U.S.D.A. Graduate School is
subject to ERISA or P.L. 95-595. In a September 1985 letter to the
school, we recommended it request a ruling from the Department of
Labor and the Office of Management and Budget (OMB), the responsible
agencies, as to whether the U.S.D.A. Graduate School plan is subject
to ERISA or P.L 95-595.
9. The Army Stars and Stripes plan (defined contribution plan) has not
filed a report since 1980. The plan will not be included on the
remaining tables of this report.
10.- A single plan covers eligible employees of the Navy Resale and
Services Support Office, the Naval Military Personnel Command, and
the U.S. Coast Guard Resale program. It is administered by the Navy
Resale and Services Support Office. Because the information is
available, we will present the three separately throughout our report.
,
11. Pearl Harbor Restaurant, Spokane Production Credit Aadociation, and
. Spokane Thrift are defined contribution plans. Actuarial present .
value of accumulated plan benefits (Table 4) is equal to net assets.
The remaining actuarial information is not applicable to defined
contribution plans; therefore, the plans will not be included on
those tables.
12. The Pearl Harbor Restaurant plan did not report any assets or
accumulated plan benefits because contributions were allocated to
individual annuity contracts.
13. Excluded from the Marines plan's report were 619 retiree
annuitants. All annuities for these retirees were previously
purchased under an insured contract.
14. Discrepancies existed between the plan's report and the audited
statements. We chose to use information from the audited statements.
15. Net assets include investments, accounts receivable, and cash, less
non-actuarial liabilities.
16. The Navy Morale, Welfare & Recreation plan is anew plan for 1983.
17. The plan reported investments in a master trust. We have separately
stated its component investments.
18. The plan reported U.S. Government securities and corporate bonds
combined.
19. There was a Change in actuarial assumptions from 1981 to 1982.
20. As stated'in the annual pension report instructions, investment
income shall include both realized and unrealized gains and losses,
interest earned on investments, and dividends received or receivable
fran investments. For some plans we adjusted the figure supplied by
the plan to correspond with our definition.
21. As stated in the annual pension report instructions, benefits should
equal all benefits paid directly to participants and other
beneficiaries during the year (excludes refunds of contributions).
For dome plans we adjusted the figure supplied by the plan to
correspond with our definition.
22. This column is composed of administrative expense's, transfers from
(to) retirement contributions, and refunds of contributions.
23. These values were taken from the plan's table Comparison of 40-year
Amortization with Actual Contributions (actual contributions to plan
from all sources) rather than from the Statement of Changes in Net
Assets Available for Benefits. Since the participants do not
contribute to the plan, this total contribution is the employer's
contribution.
24. The Federal Home Loan Mortgage Corporation Employees Retirement Plan
paid benefits of $33,000.
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Notes to Tables Continued
25. The plan reported total contributions from both the employee and the
employer of $78.4 million.
26. From information presented in the audited statements we developed the
statements of Changes in Actuarial Present Value of Accumulated Plan
Benefits.
27. Assets in fund may disagree with net assets available for benefits on
table 1 for some plans. For example, one plan gave the actuarial
valuation of assets based on the assumption that assets grow at the
valuation interest rate. Another gave the value based on a five-year
moving average of market-value. ,
28. Fifty-seven and one-half is for both annuitants now on roll and
separated employees.
29. The plan reported only net figures for the present value of future
benefits less the present value of future normal costs.
30. The figures for the ratio of fund net assets to present value of
future benefits for annuitants now on roll plus accumulated employee
contributions are for the beginning of the plan year.
LO 31. Actual contribution in dollars (table 11) and as a percentage of
Ln payroll (table 12) is shown for the year 1983. Figures in the first
three columns are actuarial estimates which were determined as of the
beginning of the plan year.
32. In 1982 the funding method was changed to unit credit. For 1982 and
1983 the assets exceeded the total of the accrued liability and
normal cost; therefore, the total actuarial contribution was zero.
33. For purposes of tables 13 and 14 only, per the GAO/OMB instructions,
the Civil Service Retirement System used assumptions for the 6 years
stated below from OMB, as used in compilation of the 1985 budget.
For future years the system used the 5 percent inflation, 5.5 percent
salary increase, and 6 percent interest rate assumptions used
elsewhere.
Increase in consumer
price index on which
cost of living adjust-
ment is determined
Interest rate
General schedule for new
increase issues
34. As a result of Public Law 98-94, a fund was created to finance the
Department of Defense military retirement and survivor benefit
programs starting October 1, 1984. Thus, same of the projections on
this table will be revised for the 1985 plan year.
35. For purposes of tables 15 and 16 only, the Military Retirement System
used assumptions for 6 years as stated below. For future years the
system used the 5 percent inflation, 5.5 percent basic pay increase,
and 6 percent interest rate assumptions used elsewhere.
Fiscal
year
Full cost of
living adjustment
Basic
pay
Interest.
1984
0.0
4.0
6
1985
4.3
5.5
6
1986
4.6
5.6
6
1987
4.5
5.8
6
1988
4.2
5.5
6
1989
3.9
5.3
6
36. The figures assume general salary inreases of 5.5% per annum plus
individual merit increases based on plan experience.
37. The figures are for officers; also, the plan gave figures for
enlisted personnel (3.4, N/A, and N/A).
38. Figures are for retirement at 50; plan also gave figures for
retirement at 40 (3.27, 1.00, N/A) and at 60 (12.15, 3.71, 1.34).
39. Figures are for those entering the system under age 30. The plan
also gave figures for those entering between 30 and 40 (N/A, 1.2420,
N/A) and over 40 (N/A, N/A, N/A).
40. Benefits are not indexed. .
41. None. Post retirement benefit adjustments are made on an ad hoc
basis by amendment.
42. Effective 1/1/84 the rate of return on investments was changed from
6.0% to 7.0%.
percentage -
43. 13.66% for all participants who retired prior to 1/1/84 and 6.0% for
all other plan participants.
5/84
3.4 (3.6)*
1/84
3.5
6/84
10.125
44. 13.69% for all participants who retired prior to 1/1/84 and 6.0% for
6/85
4.5 (3.3)*
1/85
3.5
6/85
9.125
all other participants.
3/86
4.7
10/85
5.6
6/86
8.500
3/87
4.4
10/86
5.8
6/87
7.125
45. The plan,used an assumed inflation rate of 5%, but it grants benefit
3/88
4.1
10/87
5.5
6/88
6.125
increases of 75% of the cost of living increase, or 3.75% for its
3/89
3.8
10/88
5.3
6/89
5.500
assumption of increases granted.
*Under age 62 non-disability retirees
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Notes
to Tables Continued
46. The plan's report was unclear as to its future inflation rate
assumption and only stated "3.0% for those retired under previous
contract GA-270". The summary of plan provisions did not mention
cost of living increases.
47. The plan stated that it assumed "For the period 1982 to 1984 the
COnsumer Price Index will increase more than 3.0% annually" because
it grants an annual cost of living increase equal to the lesser of
the increase in the consumer Price Index or 3% through March 1985.
48. Age 55 with 30 years of service, age 60 with 20 years of service,
and age 62 with 5 years of service.
49. Certain special groups may retire at younger ages.
50. Twenty years of service for active duty people and 20 years of
service and age 60 for reservists.
51. Retirement rates for 20 to 35 years of service, not beyond age 62.
52. After 20 years of service.
53. Age 60 with at least 30 years of service.
54. Age 55 with at least 30 years of service.
55. A member can retire with permission with full benefits any time after
serving 20 years.
56. Earlier of age 70 with 10 years of service or age 65 with 15 years of
service.
57. Age 62 with 5 years of creditable service.
58. Age 55 with 30 service credits, and age 60 with 20 credits.
59. Earlier of age 65 and age 60 with 30 years of service.
60. Employees are assumed to retire at age 64 (normal retirement is age
65).
61. Age 62 with 20 years of service.
62. Age 62 with 30 years of service.
63. Age 62 with 33 years of service.
64. Prior to 1981 the year end was 12/31. DI 1981 the year end was
changed to 9/10.
65. The 1983 plan year for Navy Morale, Welfare 6 Recreation Was
10/1/82 - 12/31/83.
66. Prior to 1980 the year end was 4/30. In 1980 the year end was
changed to 12/31.
67. As a result of Public Law 98-94, a fund was created, to finance the
Department of Defense military retirement and survivor benefit
programs starting October 1, 1984.
68. For plans that do not have auditors listed in this column, GPO has
discretionary audit authority, whereas the others must be audited by
an independent qualified public accountant. GAO is currently
finishing its audit for 1984 of the Civil Service Retirement System,
the largest federal pension plan.
69. The auditors did not express an opinion because they were instructed
not to perform, and did not perform, any audit procedures with
respect to investment information certified by the plan's investment
trustees, except to compare the certified information with the
related financial statement information.
70. The report filed by the plan did not include the auditor's opinion.
When contacted by phone, plan personnel told us the statements had
been audited.
71. The auditors stated that their examinations were confined to the
accounting records of the plan and did not extend to the accounting
records of the employers to ascertain whether proper contributions
had been made based on eligible persons employed.
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AN EQUAL OPPORTUNITY EMPLOYER
UNITED STATES ?
GENERAL ACCOUNTING OFFICE
WASHINGTON, D.C. 20548
OFFICAL BUSINESS
PENALTY FOR PRIVATE USE $300
BULK RATE
POSTAGE & FEES PAID
GAO
PERMIT No. G100
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