Wharton Pension Research Council Working Papers
 

Title

Thinking About Funding Federal Retirement Plans

Author(s)

Toni HusteadFollow

Document Type

Working Paper

Date of this Version

10-1-2008

Abstract

Most U.S. 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.

Comments

The published version of this Working Paper may be found in the 2009 publication: The Future if Public Employee Retirement Systems.

Working Paper Number

WP2008-19

Copyright/Permission Statement

© 2008 Pension Research Council of the Wharton School of the University of Pennsylvania. All rights reserved.

Acknowledgements

Opinions and errors are solely those of the author and not of the institutions with whom the author is affiliated. This research was presented at the 2008 Pension Research Council Symposium.

Share

COinS
 

Date Posted: 09 August 2019