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

122379 1 (1983-09-20)

handle is hein.gao/gaobactdk0001 and id is 1 raw text is:                                                               0,&2A-7q

                  U.S. GENERAL ACCOUNTING OFFICE
                     WASHINGTON, D.C.   20548


                                    FOR RELEASE ON  DELIVERY
                                    Expected at  10:00 a.m.
                                    Tuesday, September  20, 1983


                 STATEMENT OF CHARLES A. BOWSHER
             COMPTROLLER GENERAL OF THE UNITED STATES

                            BEFORE THE

            COMMITTEE ON POST OFFICE AND CIVIL SERVICE
                     HOUSE OF REPRESENTATIVES

                                ON

               RETIREMENT CONTRIBUTION REQUIREMENTS
                    FOR NEW FEDERAL EMPLOYEES



Mr. Chairman and Members of the Committee:

     I appreciate the opportunity to appear today to present our

views on the effects of temporarily requiring new Federal employ-

ees to contribute to both social security and the civil service

retirement system.  We are pleased that your committee has under-

taken these hearings to remedy this situation.  We have been con-

cerned that the extra contributions would place the Government at

a competitive disadvantage in recruiting and retaining employees

because they would result in a substantial reduction in take-home

pay.  While employees in the private sector must pay social

security taxes, few are required to contribute to their

employer-sponsored retirement programs.

     Most employees in the civil service system must pay 7 per-

cent of their salary into the retirement fund.  Some participants

contribute even higher amounts, and all employees pay an





                                                       122379

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