Jump to ContentJump to Main Navigation
The Future of Public Employee Retirement Systems$
Users without a subscription are not able to see the full content.

Olivia S. Mitchell and Gary Anderson

Print publication date: 2009

Print ISBN-13: 9780199573349

Published to Oxford Scholarship Online: February 2010

DOI: 10.1093/acprof:oso/9780199573349.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 29 January 2020

Thinking about Funding Federal Retirement Plans

Thinking about Funding Federal Retirement Plans

(p.105) Chapter 8 Thinking about Funding Federal Retirement Plans
The Future of Public Employee Retirement Systems

Toni Hustead

Oxford University Press

Most US federal retirement plans are now fully funded, but since plan assets must legally be invested in federal securities, fund surpluses are used to reduce overall federal budget deficits. As a result, current taxpayers are not charged with the cost of future federal retirement obligations. Nevertheless, federal rules do require the employing federal agency to budget for current personnel’s accruing liability of retirement promises. Therefore, policy decisions regarding the number of federal civilian and military personnel and the design of their retirement benefits may be made with a better understanding of the costs.

Keywords:   federal pensions, accrual budgeting, Civil Service Retirement System, Employee Retirement Income Security Act, federal budget, Federal Employees Retirement System, Federal Retirement Plan, funding, fund surpluses, Military Retirement System

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .