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113754 1 (1980-11-14)

handle is hein.gao/gaobacuta0001 and id is 1 raw text is: 







                  REMARKS OF H. L. KRIEGER
                          DIRECTOR

             FEDERAL PERSONNEL AND COMPENSATION
                          DIVISION

               U.S. General Accounting Office


                         Before The


          PRESIDENT'S COMMISSION ON PENSION POLICY

                      November 14, 1980


     DEVELOPMENT AND ADMINISTRATION OF PENSION POLICIES


     I am pleased to be here to discuss the General

Accounting Office's views on the development and administra-

tion of pension policies for Federal personnel.

     When should employees retire?  How much should they

receive?  What is the purpose of retirement?  Under what cir-

cumstances should special or preferential benefits be pro-

vided to certain groups of employees?  These and many other

basic questions need answers before a rational retirement

system can be established.  However, Federal retirement sys-

tems have developed without such overall guidance.

     Since 1974, GAO has issued a series of reports covering

a number of issues concerning basic policies, financing,

administration, and benefits of various Federal retirement

systems.  Next to pay, these systems are the most significant

and costly means used to compensate Federal personnel, and

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