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District's Pensions: Billions of Dollars in Liability Not Funded

HRD-93-32 Published: Nov 30, 1992. Publicly Released: Nov 30, 1992.
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Highlights

Pursuant to a congressional request, GAO reviewed the growth of the District of Columbia's unfunded pension liability, focusing on: (1) how the District's retirement plans compare with other municipal retirement plans; and (2) the impact of U.S. Secret Service personnel on the District's pension liability.

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Civil service pensionsCivil service retirement systemDebtEmployee retirement plansstate relationsFunds managementGovernment retirement benefitsIntragovernmental revolving fundsPensionsRetireesTrust revolving funds