Options for Changing the Retirement System for Federal Civilian Workers

Congressional Budget Office

No 53003, Reports from Congressional Budget Office

Abstract: In 2016, the federal government paid about $13 billion for the defined benefit pensions under the Federal Employee Retirement System (FERS) and $70 billion for pensions under the Civil Service Retirement System, the predecessor to FERS; those expenditures were partially offset by $3 billion in revenues from employees’ contributions. In addition, the government contributed an estimated $8 billion to the Thrift Savings Plan, a defined contribution plan similar to a 401(k).

JEL-codes: H55 J26 J32 (search for similar items in EconPapers)
Date: 2017-08-29
New Economics Papers: this item is included in nep-age
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.cbo.gov/system/files/115th-congress-20 ... eralretirement_1.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cbo:report:53003

Access Statistics for this paper

More papers in Reports from Congressional Budget Office Contact information at EDIRC.
Bibliographic data for series maintained by ().