Overview of Federal Retirement Programs (Testimony, 05/22/95,
GAO/T-GGD-95-172).

This testimony describes how the federal retirement systems work, the
benefits they provide, and how they compare with private sector
programs.  GAO concentrates on the Civil Service Retirement System and
the Federal Employees Retirement System because they are the largest
retirement systems for federal civilian personnel.  GAO describes the
history of the two retirement systems and discusses four issues that are
often raised in connection with federal retirement: (1) retirement
eligibility provisions, (2) benefit formulas, (3) cost-of-living
adjustments, and (4) system financing.

--------------------------- Indexing Terms -----------------------------

 REPORTNUM:  T-GGD-95-172
     TITLE:  Overview of Federal Retirement Programs
      DATE:  05/22/95
   SUBJECT:  Federal employees
             Government retirement benefits
             Federal employee retirement programs
             Retirement pensions
             Comparative analysis
             Eligibility criteria
             Social security benefits
             Economic analysis
             Cost of living
IDENTIFIER:  Civil Service Retirement System
             Federal Employees Retirement System
             Consumer Price Index
             Federal Thrift Savings Plan
             
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