About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

PAD-80-1 1 (1980-02-26)

handle is hein.gao/gaobabagt0001 and id is 1 raw text is: 



BY THE COMPTROLLER GENERAL

Report To The Chairman,

Joint Economic Committee

Congress Of The United States

   F 7 Li -D STATES


lZq34


An Actuarial And Economic Analysis

Of State And Local Government

Pension Plans


At the request of the Joint Economic Com-
mittee, GAO estimated the annual cost of
future benefit payout to State and local
government pension plans.     Our analysis
of several measures of financial soundness
demonstrated an increasing financial burden
on these pension plans in the aggregate. An
increasing proportion of retirees in popula-
tion of State and local employees is a basic
cause of the problem. Varying the economic
parameters does not change this fact, but
merely changes the year in which the problem
is first evident.


Our analysis is not intended to substitute for
a detailed actuarial analysis of the more than
6,600 State and local pension plans, but con-
centrates on identifying emerging trends that
should be brought to the attention of policy-
makers.


~4~se&xQ'i 7( tv' cqL

          4Ya4o/o,
    :I


       PAD-80-1
FEBRUARY 26, 1980


0        '7

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Already a HeinOnline Subscriber?

profiles profiles most