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113585 1 (1980-10-09)

handle is hein.gao/gaobadypg0001 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 October 9, 1980 ARLY RETIREMENT IN THE FEDERAL SECTOR I am pleased to be here to discuss the General Accounting Office's views on early retirements in the Federal sector. In discussina the issue of early retirement, I believe a basic premise needs to be established. Retirement should mean what the word says. The essential purpose of a retire- ment system is and should be to assure employees that they will continue to receive reasonable incomes when their working years have ended. We recognize that retirement programs must also be designed to serve management objectives and employee needs in other circumstances and that certain early retirement provisions may be necessary to meet those objectives. But, they should be seen as unusual or special provisions that are outside the basic purposes of a retirement system. The term early retirement can have different meanings depending upon the context in which it is used. To some it may mean retiring before age 65, while to others it may mean o--53/

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