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FPCD-79-17 1 (1979-08-31)

handle is hein.gao/gaobacjje0001 and id is 1 raw text is: 



STUDY BY THE STAFF OF THE U S                                          .

GeA-~n&eral Ac-aouin                                   Offiive


Investment Policies, Practices,

And Performance Of Federal
Retirement Systems




As a general rule, laws require the Govern
ment's retirement systems to invest their
funds in Federal securities an investment
often perceived as offering more limited earn
ings than other securities  Some of the
Government's retirement funds have no legal
restriction on investments and are managed
like private pension funds

This study examines the pros and cons of the
Treasury Department's investment policy and
gives basic information on systems invest
ment performance to policymakers and other
persons responsible for Federal retirement
systems It makes no conclusions or recom
mendations but does disclose that, in a recent
5 year period, the average rate of return on
funds fully invested in Federal securities was
higher than that on funds with more diversi
fied investments








                                                                110262




                                                                   FPCD 79 17
                                                              AUGUST 31, 1979

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