Advertisement

Reform of Pensions for Federal Government Employees in the United States

  • John A. Turner
  • David M. Rajnes
Chapter

Abstract

In 1983, the United States reformed the retirement program covering most federal government employees. The Civil Service Retirement System (CSRS) was closed to new members and all new federal government employees were required to join the new system, called the Federal Employees Retirement System (FERS). This reform succeeded in partially privatizing the provision of retirement income to federal government workers and over the long run will reduce the unfunded liability associated with the retirement benefits of federal workers.

Keywords

Pension Plan Social Security Benefit Retirement Benefit Retirement Income General Account Office 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Arthur Andersen. “Report of Independent Public Accountants.” Washington, DC, March 12, 1997 Federal Retirement Thrift Investment Board. “Annual Report”, 1991Google Scholar
  2. Hinz, Richard, David McCarthy and John Turner. “Are Women Conservative Investors? Gender Differences in Participant Directed Pension Investments.” In Positioning Pensions for the Year 2000, Olivia Mitchell (ed.). Philadelphia: University of Pennsylvania Press, 1996.Google Scholar
  3. Ippolito, Richard A. “Why Federal Workers Don’t Quit,” The Journal of Human Resources XXII 2: 281–299, 1987.CrossRefGoogle Scholar
  4. Social Security Administration. “A Pension From Work Not Covered By Social Security.” Publication No. 05–10045. January, 1996.Google Scholar
  5. U.S. General Accounting Office (GAO). “Overview of Federal Retirement Programs.” May 22. Testimony of Johnny C. Finch, Assistant Comptroller General, General Government Programs before the Subcommittee on Post Office and Civil Service Committee on Governmental Affairs of the U.S. Senate (Report No. GAO/T-GGD-95–172), 1995.Google Scholar
  6. U.S. General Accounting Office (GAO). “Public Pensions: Summary of Federal Pension Plan Data.” February. Report No. GAO-AIMD-96–6, 1996.Google Scholar
  7. U.S. General Accounting Office (GAO). “Federal Retirement: Federal and Private Sector Retirement Program Benefits Vary.” April. (Report No. GGD-97–40), 1997Google Scholar
  8. U.S. Office of Personnel Management. 1995 Federal Personnel Guide. Washington: GPO, 1995.Google Scholar

Copyright information

© Springer Science+Business Media Dordrecht 1999

Authors and Affiliations

  • John A. Turner
  • David M. Rajnes

There are no affiliations available

Personalised recommendations