Federal Workforce: Provisions for Comparing Government and Contractor Retirement Costs Should Be Changed

摘要

The report concerns the appropriateness of the revisions to Office of Management and Budget (OMB) Circular A-76 made by Transmittal Memorandum no.4 dated October 29, 1986. The circular sets forth the procedures that agencies must follow when comparing the cost of performing work under contract with commercial sources with the cost of performing the same work with government personnel and facilities. The October 1986 revisions required that thrift savings plans and the Old Age, Survivors, and Disability Insurance (OASDI) portion of social security be excluded from estimates of government and contractor retirement system costs in the cost comparison studies.