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Federal Employees' Retirement System: Budget and Trust Fund Issues
FERS annuities are fully funded by the sum of employee and employer contributions and interest earned by the Treasury bonds held by the CSRDF. The federal government makes supplemental payments into the CSRDF on behalf of employees covered by the CSRS because employee and agency contributions and interest earnings do not meet the full cost of the benefits earned by employees covered by that system. The Office of Personnel Management (OPM) estimated that in FY2012, obligations from the CSRDF would total $74.7 billion, of which $74.3 billion will represent annuity payments to retirees and survivors. Other outlays consist of refunds, payments to estates, and administrative expenses. Outlays from the fund are projected to increase by 4.5% to $78.0 billion in 2013, of which $77.7 billion will represent annuity payments. OPM estimated that receipts to the CSRDF from all sources would be $95.1 billion in 2012 and $94.2 billion in 2013. The year-end balance of the CSRDF was projected to increase from $812.5 billion at the end of 2012 to $823.2 billion at the end of 2013
This package includes following files:
| # | File Name | Document Date | Order ID: | Number of Pages | Price | |
|---|---|---|---|---|---|---|
| 1 |
RL30023.pdf
|
Jan 10, 2013 | RL30023 | 15 | $29.95 | Add to Cart |
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RL30023.pdf