Join our mailing list!

Official PayPal Seal

(Your shopping cart is empty)

  Home > Diane Publishing Books >

Causes of the U.S. Postal Service Federal Employeesńˇ╗ Retirement System (FERS) Surplus
Causes of the U.S. Postal Service Federal Employeesäó» Retirement System (FERS) Surplus
Our Price: $20.00
By David C. Williams (ed)
Year: 2012
Pages: 42
Binding Paperback
ISBN 978-1-4578-4081-4

Product Code: 1457840812

The U.S. Postal Serviceńˇ╗s (USPS) pension surplus was projected to be $13.1 billion as of the end of FY 2011. Most of the surplus ńˇ˝ $11.4 billion ńˇ˝ is in the Fed. Employeesńˇ╗ Retirement System (FERS) pension program. A surplus occurs when assets exceed accrued liability. FERS has been in surplus since 1992, and the USPS OIG wanted to investigate the reasons behind this persistent surplus. Are there distinctive characteristics of the Postal Service and its employees that cause the surplus? And can the surplus be expected to continue? This report found that the FERS surplus does result from differences between USPS and the rest of the federal government. The assumptions used to measure the Postal Serviceńˇ╗s liability do not reflect these differences. This report recommends using Postal Service-specific assumptions to measure the FERS liability, which provides a more accurate and stable estimate. When Postal Service-specific assumptions are used, the FY 2011 surplus increases from $11.4 billion to $24.0 billion. Tables and figures. This is a print on demand report.

Share your knowledge of this product with other customers... Be the first to write a review
Diane Publishing Co
PO Box 617
Darby, PA 19023-0617
 About Us
 Become an Affiliate
 Privacy Policy
 Send Us Feedback
Company Info | Advertising | Product Index | Category Index | Help | Terms of Use
Copyright � 2004 Diane Publishing Company. All Rights Reserved.
Built with Volusion