Federal Retirement System Congressional Pensions
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| Stand: | 2015-08-04 03:50:33 |
Produktbeschreibung
Excerpt from Federal Retirement System Congressional Pensions: Hearing Before the Subcommittee on Civil Service of the Committee on Government Reform and Oversight House of Representatives One Hundred Fourth Congress First Session March 10, 1995 The subcommittee met, pursuant to notice, at 9:05 a.m., in room 2154, Rayburn House Office Building, the Honorable John L. Mica, (chairman of the subcommittee) presiding. Present: Representatives Clinger, Bass, Oilman, Morella, Moran, Collins, Mascara. Staff present: George Nesterczuk, staff director; Daniel R. Moll, senior policy director; Garry Ewing, counsel; Susan Mosychuk, professional staff; and Caroline Fiel, clerk. Minority staff present: Bruce Gwinn, senior policy analyst; Elisabeth Campbell, staff assistant; and Cedric Hendricks, professional staff member. Mr. Mica. If I may have your attention, please. I would like to call to order this hearing of the Subcommittee on Civil Service. This morning we have a hearing on the Federal retirement system, I would like to open the hearing with some remarks. This past week our subcommittee has focused on the question of possible changes in our Federal Civil Service Retirement System. With an unfunded liability in excess of half of a trillion dollars in the former Civil Service Retirement System, and $1¿ billion monthly subsidy from the general treasury, it´s critical that we examine the impact and benefits of all participants in the Federal retirement system. Yesterday, in an effort to address these problems, I introduced a bill which will stop some of the drain on our national treasury. The bill calls for more cost-sharing by Federal employees for the retirement benefits which they receive. This is the first such adjustment in 26 years. Members of Congress and their staffs are also included in this reform. It may be necessary to consider additional changes in congressional pension benefits, but I will defer further considerations until after today´s hearing. Today, we continue our inquiry into the terms relating to Federal employment and benefits. Members of Congress are Federal employees, even if you consider them only 24-month temporary contract civil servants. Members of Congress and their retirement benefits must be subject to the same scrutiny, standard and review that we have already applied to the civil service. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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