Federal Workforce: Added Cost of Early Retirement Is Included in Retirement Cost Factor

摘要

The report has been concerned about the funding practices of the current civil service retirement system. In a report entitled Federal Retirement Systems: Unrecognized Costs, Inadequate Funding, Inconsistent Benefits (FPCD-77-48, August 3, 1977), the authors recommended that the Congress enact legislation requiring that the full cost of federal retirement systems be recognized and funded and that the difference between currently accruing cost and employee contributions be charged to agency operations. The digest of that report is appendix I to the report. More recently, at a hearing before the Senate Governmental Affairs Committee in September 1985, they again urged that action be taken to address the funding situation in the civil service retirement system. Their statement at those hearings is appendix II to the report. They continue to believe that requiring agencies to pay their share of the full accruing retirement costs would make employees and agencies alike aware of the true cost of retirement benefits and would improve personnel management decisionmaking.