CALCULATING THE COSTS OF FEDERAL EMPLOYEE BENEFITS DIFFERENTLY - June 20, 2017
Should the Costs of Federal Employee Pensions Be Calculated Differently?
By Erich Wagner, Government Executive
The Congressional Budget Office said last week that changing how the agency scores the cost of federal employee pensions could provide lawmakers with better estimates when compared to other retirement policy options, but it also would rely on more uncertain economic projections.
CBO Director Keith Hall submitted a written follow-up to testimony he gave to the Senate Budget Committee last month as part of a hearing on the cost of government, stemming in part from CBO’s recent report comparing compensation of federal workers with their counterparts in the private sector, which spurred controversy among lawmakers, unions and employee groups.