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<classification authority="sudocs">GA 1.13:T-GGD-95-172</classification>
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 <subject>Federal employees</subject>
 <subject>Government retirement benefits</subject>
 <subject>Federal employee retirement programs</subject>
 <subject>Retirement pensions</subject>
 <subject>Comparative analysis</subject>
 <subject>Eligibility criteria</subject>
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 <subject>Economic analysis</subject>
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<abstract>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.</abstract>
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