Federal Pensions Relationship Between Retiree Pensions And Final Salaries Report To The Chairman Committee On Appropriations Us Senate
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Federal Pensions
Author | : United States. General Accounting Office |
Publisher | : |
Total Pages | : 26 |
Release | : 1997 |
Genre | : |
ISBN | : |
About 27 percent of the 1.7 million retirees who were receiving federal pensions as of October 1995 were receiving pensions that had come to exceed their final salaries. However, when their salaries were adjusted for inflation and expressed in constant dollars, no retiree was receiving a pension that was larger than his or her final salary. Three factors explain why the pensions exceed the retirees' unadjusted final salaries: the number and the size of cost-of-living adjustments (COLA) that retirees had received, the number of years that they had been retired, and the number of years that they had worked for the federal government. COLAs have played an important role in maintaining the purchasing power of retiree pensions. However, the COLA policies of the late 1960s and 1970s overcompensated for inflation and will continue to affect the pensions of those retirees who receive them as long as they are alive. If the current COLA policy--that is, the policy that was enacted in 1984--had been in effect without interruption since automatic COLAs began in 1962, the pensions of many retirees would have been different. GAO's analysis suggests that a majority of those who retired before 1970 would have received smaller pensions had the current COLA policy been continuously in effect during their retirement, and about 90 percent of those who retired after 1970 would have received larger pensions.
Salaries of Federal Employees
Author | : United States. Congress. Senate. Committee on Post Office and Civil Service. Subcommittee on Federal Employees Compensation |
Publisher | : |
Total Pages | : 336 |
Release | : 1957 |
Genre | : Civil service positions |
ISBN | : |
Considers (85) S. 27, (85) S. 734, (85) S. 1326.
Congressional Record
Author | : United States. Congress |
Publisher | : |
Total Pages | : 1462 |
Release | : 1972 |
Genre | : Law |
ISBN | : |
The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873)
Federal Pensions
Author | : U S Government Accountability Office (G |
Publisher | : BiblioGov |
Total Pages | : 40 |
Release | : 2013-06 |
Genre | : |
ISBN | : 9781289110345 |
The U.S. Government Accountability Office (GAO) is an independent agency that works for Congress. The GAO watches over Congress, and investigates how the federal government spends taxpayers dollars. The Comptroller General of the United States is the leader of the GAO, and is appointed to a 15-year term by the U.S. President. The GAO wants to support Congress, while at the same time doing right by the citizens of the United States. They audit, investigate, perform analyses, issue legal decisions and report anything that the government is doing. This is one of their reports.
To Maintain the Ratio on Cost-of-living Increases for Current Federal Employees' Salaries and Retired Federal Employees' Benefits
Author | : United States. Congress. Senate. Committee on Governmental Affairs. Subcommittee on Civil Service, Post Office, and General Services |
Publisher | : |
Total Pages | : 66 |
Release | : 1982 |
Genre | : Civil service |
ISBN | : |
Retirement Income
Author | : United States. General Accounting Office |
Publisher | : |
Total Pages | : 62 |
Release | : 1997 |
Genre | : Old age pensions |
ISBN | : |
Pension Simplification and Expansion
Author | : United States. Congress. Senate. Committee on Finance. Subcommittee on Private Retirement Plans and Oversight of the Internal Revenue Service |
Publisher | : |
Total Pages | : 408 |
Release | : 1992 |
Genre | : Business & Economics |
ISBN | : |