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Lapse in Appropriations

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CSRS Funding

GGD-95-200R Published: Apr 03, 1995. Publicly Released: Apr 03, 1995.
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Highlights

Pursuant to a congressional request, GAO reviewed information on the funding status of the Civil Service Retirement System. GAO noted that: (1) the system's unfunded liability is not a problem that needs to be fixed to avoid a steep increase in outlays from the Treasury or increases in the deficit; and (2) there should be sufficient assets in the retirement fund to cover benefit payments to all current and future retirees.

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Topics

Retirement Security
Budget authorityRetireesBudget outlaysCivil service retirement systemDebtFederal employee retirement programsFederal fundsFunds managementPensionsRetirement benefits