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Federal Retirement: Federal and Private Sector Retirement Program Benefits Vary

GGD-97-40 Published: Apr 07, 1997. Publicly Released: May 07, 1997.
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Highlights

Pursuant to congressional requests, GAO reviewed federal and nonfederal retirement programs, focusing on: (1) an update of the reports on nonfederal retirement programs GAO completed for Congress when the Federal Employees Retirement System (FERS) was being designed; and (2) a comparison of current nonfederal programs with FERS and the Civil Service Retirement System (CSRS). GAO did not independently verify the accuracy of the Watson Wyatt Worldwide database or the benefit amounts calculated.

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Civil service retirement systemComparative analysisCost of livingEmployee retirement plansFederal employee retirement programsFederal employees retirement systemPensionsPrivate sectorSocial security benefitsRetirees