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Financial Management: CSRS Funding

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Report Type Reports and Testimonies
Report Date April 3, 1995
Report No. GGD-95-200R
Subject
Summary:

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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