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118138 1 (1982-04-20)

handle is hein.gao/gaobacsux0001 and id is 1 raw text is: 





            United States General Accounting Office
                   Washington, D.C.  20548

                                           FOR RELEASE ON DELIVERY
                                           EXPECTED ON
                                           APRIL 20, 1982

                          STATEMENT OF

                        HARRY S. HAVENS

      ASSISTANT COMPTROLLER  GENERAL OF THE UNITED STATES

                           BEFORE THE

    SUBCOMMITTEE ON CONGRESSIONAL  OPERATIONS AND OVERSIGHT

                            OF THE

              COMMITTEE ON GOVERNMENTAL  AFFAIRS

                     UNITED STATES SENATE                   118138

                              ON

     A CONSUMER PRICE INDEX FOR RETIREES AND ALTERNATIVES

                   FOR CONTROLLING  INDEXING

Mr. Chairman and Members of the Subcommittee:

     We appreciate the opportunity to discuss our assessment of

the need for a separate Consumer Price Index for retirees and our

views on how the indexation of Federal programs might be modified.

NEED FOR A SEPARATE
CPI FOR RETIREES?

     From time to time it has been suggested that a separate price

index be constructed for retirees and used, in lieu of the existing

Consumer Price Index (CPI), as the basis for adjusting benefits

under the various Federal retirement programs.  Some have argued

that retirees have been inadequately compensated for increases in

the cost of living, while others maintain that adjustments based on

the CPI have been overly generous.


(11) L, U-C

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