Summary of 1983 Federal Pension Plan Information

AFMD-85-69: Published: Sep 26, 1985. Publicly Released: Sep 26, 1985.

Additional Materials:


Office of Public Affairs
(202) 512-4800

Pursuant to a congressional request, GAO reviewed the information contained in the federal pension plan reports filed with the Comptroller General.

GAO found that: (1) the comparative data for plan years 1979 through 1983 showed that the plans covered 6 million active participants; (2) the net assets available for benefits totalled $115.8 billion; (3) the projections were highly dependent on the actuarial cost method and the actuarial assumptions used; (4) the actuarial assumptions varied by plan since they were based on the best estimate of anticipated experience under the plan; (5) the assumed future rates of inflation, interest, and salary increases could have a significant impact on the estimates of future retirement costs; (6) interest rate assumptions used by the plans in 1983 ranged from 6 percent to 9 percent; and (7) the Office of Management and Budget and the Comptroller General directed that plans use an assumed long-term inflation rate of 5 percent per year and other economic assumptions be consistent with the assumed inflation rate.

Jun 4, 2018

May 22, 2018

May 21, 2018

May 17, 2018

Mar 7, 2018

Mar 5, 2018

Feb 21, 2018

Jan 8, 2018

Oct 18, 2017

Looking for more? Browse all our products here