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Civil Service Retirement and Disability Fund - CBO Baseline [i] (March 2012)

handle is hein.congrec/cbo10647 and id is 1 raw text is: CIVIL SERVICE RETIREMENT AND DISABILITY FUND - CBO March 2012 Baseline 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 AVERAGE NUMBER OF BENEFICIARIES (in thousands) Civil Service Retirement System (CSRS) Annuitants Survivors Subtotal 1,520 1,500 1,474 1,444 1,410 1,372 1,330 1,286 1,240 1,193 1,144 543 529 515 502 489 477 466 455 445 436 428 2,063 2,028 1,990 1,946 1,899 1,849 1,796 1,742 1,686 1,629 1,572 Federal Employees' Retirement System (FERS) Annuitants 461 Survivors Subtotal 45 506 514 49 563 570 630 692 757 54 60 65 71 625 689 757 828 824 77 901 892 962 1,032 1,103 84 91 99 108 976 1,053 1,131 1,210 Total Beneficiaries AVERAGE MONTHLY BENEFIT CSRS Annuitants Survivors Average Monthly Benefit FERS Annuitants Survivors Average Monthly Benefit COST-OF-LIVING ADJUSTMENTS (COLA)1 CSRS FERS TOTAL MANDATORY OUTLAYS (in billions of dollars) CSRS Annuitants Survivors Additional outlays2 Subtotal FERS Annuitants Survivors Additional outlays2 Subtotal Other Benefits3 Total Benefit Outlays 2,569 2,592 2,614 2,636 2,657 2,677 2,697 2,718 2,739 2,760 2,782 $3,123 $3,235 $3,337 $3,442 $3,561 $3,693 $3,837 $3,992 $4,154 $4,323 $4,498 $1429 $1466 $1497 $1528 $1566 $1607 $1654 $1703 $1755 $1808 $1863 $2,677 $2,774 $2,860 $2,948 $3,047 $3,155 $3,271 $3,394 $3,520 $3,650 $3,781 $1,147 $1,187 $1,228 $1,272 $1,320 $1,374 $1,429 $1,486 $1,545 $1,607 $1,671 $482 $499 $516 $534 $554 $577 $600 $625 $650 $676 $704 $1,088 $1,126 $1,167 $1,208 $1,255 $1,305 $1,358 $1,412 $1,467 $1,525 $1,584 3.6% 1.3% 1.4% 1.4% 1.8% 2.0% 2.2% 2.3% 2.3% 2.3% 2.3% 2.6% 1.3% 1.4% 1.4% 1.8% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% $57.2 $58.5 $59.3 $59.9 $60.4 $61.0 $61.4 $61.8 $61.9 $62.0 $61.9 $9.3 $9.3 $9.3 $9.2 $9.2 $9.3 $9.3 $9.4 $9.4 $9.5 $9.6 $0.2 $0.2 $0.2 $0.2 $0.2 $0.2 $0.2 $71 $0.1 $0.1 $0.1 $66.7 $68.0 $68.7 $69.3 $69.8 $70.4 $70.9 $71.3 $71.5 $71.6 $71.6 $6.4 $0.3 $0.1 $6.8 $7.4 $0.3 $0.1 $7.8 $8.5 $9.8 $11.1 $12.7 $14.3 $16.2 $18.1 $20.2 $22.5 $0.3 $0.4 $0.4 $0.5 $0.6 $0.6 $0.7 $0.8 $0.9 $0.1 $0. 1 $ $11 $0.19 $0.1 $0.1 $0.1 $9.0 $10.3 $11.7 $13.3 $15.0 $16.9 $19.0 $21.2 $23.5 $0.4 $0.4 $0.4 $0.4 $0.4 $0.5 $0.5 $0.5 $0.5 $0.5 $0.5 $73.9 $76.2 $78.1 $80.0 $82.0 $84.1 $86.4 $88.7 $91.0 $93.3 $95.7 NOTES: 1. All CSRS beneficiaries receive a full COLA. FERS generally does not provide COLAs to nondisabled annuitants under the age of 62, and the COLA provided to other beneficiaries is usually less generous than that provided under CSRS (if the increase in the consumer price index (CPI) is less than 2%, the COLA equals the CPI change; if the CPI increase is between 2% and 3%, the COLA is 2%; if the CPI change is greater than 3%, the COLA is the CPI increase minus 1%). 2. Additional outlays includes refunds of retirement contributions to separated employees, lump sum benefit payments, and mandatory administration costs. 3. Other benefits are cross-service benefit payments for annuitants of the Central Intelligence Agency. (fiscal year) 2022 I I I

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