CBO examines the differences between cash and accrual accounting for federal retirement and veterans’ benefits, the information that the two types of estimates provide, and ways to expand the use of accrual measures for such benefits.
If current laws generally remained unchanged, large budget deficits would boost federal debt to unprecedented levels over the next 30 years, CBO projects.
This report explains the various measures and approaches for quantifying the adequacy of retirement income, providing a framework for further analysis.
CBO analyzes the impact of retirement benefits on the federal budget and on the compensation, recruitment, and retention of its employees. It assesses the short-term and long-term effects of potential changes to those benefits.