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095392 1 (1978-07-24)

handle is hein.gao/gaobadxqs0001 and id is 1 raw text is: FOR RELEASE ON DELIVERY EXPECTED AT i0 A.M. MONDAY, JULY 24, 1978 STATEMENT OF 1111o111 lll III 1111 11 I T 1II LM095392 C. I. GOULD, DEPUTY DIRECTOR FEDERAL PERSONNEL AND COMPENSATION DIVISION d- S. GENERAL ACCOUNTING OFFICE BEFORE' THE SUBCOMMITTEE ON LEGISLATION AND NATIONAL SECURITY OF THE COMMITTEE ON GOVERNMENT OPERATIONS HOUSE OF REPRESENTATIVES ON H.R. 9701 A BILL To AMEND THE BUDGET AND ACCOUNTING PROCEDURES ACT OF 1950 To REQUIRE THAT THE COMPTROLLER GENERAL PROVIDE FOR A FINANCIAL AUDIT WITH RESPECT To PENSION PLANS FOR OFFICERS AND EMPLOYEES OF THE FEDERAL GOVERNMENT AND ITS AGENCIES AND INSTRUMENTALITIES, To REQUIRE THAT AN ANNUAL REPORT, INCLUDING A FINANCIAL STATEMENT AND AN ACTUARIAL STATEMENT, BE FURNISHED To THE CONGRESS AND THE COMPTROLLER GENERAL WITH RESPECT To SUCH PLANS, AND FOR OTHER PURPOSES MR. CHAIRMAN AND MEMBERS OF THE SUBCOMMITTEE! I AM PLEASED TO BE .HERE TO PRESENT THE GENERAL ACCOUNTING OFFICE'S VIEWS ON H. R. 9701, A BILL TO REQUIRE THAT FEDERAL PENSION PLANS FILE ANNUAL FINANCIAL AND ACTUARIAL REPORTS SOMEWHAT SIMILAR TO THOSE NOW REQUIRED FOR PRIVATE PENSION PLANS BY THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974. MY STATEMENT, MR. CHAIRMAN, WILL GENERALLY BE A SUMMARIZATION OF THE CONTENT'S OF THE COMPTROLLER GENERAL'S LETTER OF FEBRUARY 28, 1978, TO THE CHAIRMAN OF THE COMMITTEE ON GOVERNMENT OPERATIONS REGARDING THIS BILL.

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