learn more about working at cbo and check out the agency’s career opportunities
report
March 1, 2000
read complete document (pdf, 179 kb)
Retirement
The federal government devotes a substantial share of its budget to benefits for the nation's retirees through Social Security, Medicare, Medicaid, and other programs. Additionally, the exclusion of pension contributions and earnings from taxable income constitutes one of the largest preferences in the federal income tax code. CBO regularly analyzes a wide range of proposals to change those programs or those elements of the tax code.