United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office Health, Education, and Human Services Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1994-06-14 monographic deposited born digital GA 1.13:T-HEHS-94-192 https://www.govinfo.gov/app/details/GAOREPORTS-T-HEHS-94-192 P0b002ee18038486a f:the94192 DGPO 2010-08-12 2011-03-24 GAOREPORTS-T-HEHS-94-192 machine generated eng fdlp REPORT GAOREPORTS-T-HEHS-94-192 T-HEHS-94-192 Retirement pensions Employee retirement plans Government retirement benefits Funds management Federal/state relations Civil service pensions Cost of living Proposed legislation Amortization Payments District of Columbia Pension Liability Funding Reform Act of 1994 Civil Service Retirement System Federal Employees Retirement System Old Age Survivors and Disability Insurance Program DC Police Officers and Fire Fighters Retirement Fund DC Judges Retirement Fund DC Teachers Retirement Fund OASDI Testimony HEHS The District of Columbia's overall financial status is being affected by the increasing demand on city revenues from its underfunded pension plans for police and fire fighters, teachers, and judges. In 1991 the District's contribution to these plans was about eight percent of revenues, and unless remedial action is taken, the contribution could rise to about 15 percent of revenues by 2005. Pension costs are now running more than 50 percent of payroll and will grow to 70 percent after 2004. This testimony provides a brief historical overview of the unfunded liability in the District's pension plans; outlines the plans' current funding provisions; and discusses the effects of H.R. 3728, the District of Columbia Pension Liability Funding Reform Act of 1994, which seeks to eliminate the District's financial liability for these plans, as well as the responsibilities of the federal government, the District, and the plans' participants. https://www.govinfo.gov/content/pkg/GAOREPORTS-T-HEHS-94-192/html/GAOREPORTS-T-HEHS-94-192.htm GAO/T-HEHS-94-192 https://www.govinfo.gov/app/details/GAOREPORTS-T-HEHS-94-192 Testimony GAO/T-HEHS-94-192; D.C. Pensions: Plans Consuming Growing Share of District Budget; Retirement pensions Employee retirement plans Government retirement benefits Funds management Federal/state relations Civil service pensions Cost of living Proposed legislation Amortization Payments District of Columbia Pension Liability Funding Reform Act of 1994 Civil Service Retirement System Federal Employees Retirement System Old Age Survivors and Disability Insurance Program DC Police Officers and Fire Fighters Retirement Fund DC Judges Retirement Fund DC Teachers Retirement Fund OASDI