The Case For Federal Pension Transparency | Open The Books Oversight Report

June 26, 2017 07:29 AM

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KEY FINDINGS


1. Federal employee pensions have a $3.5 trillion-dollar unfunded liability (source: Moody’s). 

2. Retirement pensions for federal employees are hand calculated on paper in a windowless Cold War-era underground complex in Pennsylvania. 

3. Federal employee pensions cost taxpayers $125 billion annually – that’s more than the entire state budget of Texas. 

4. Federal courts have consistently ruled that disclosing federal pension amounts of retired congressional representatives and senators violates their privacy rights. 

5. Forcing open the federal pensions will require an act of Congress. Congressman Ron DeSantis (FL-6) spearheaded a bill which would require the disclosure of pension records under the Freedom of Information Act. 

6. Public pension transparency in states such as California, Illinois, and New York proved the public interest benefit of exposing waste, fraud and taxpayer abuse. 

2 MILLION CIVIL SERVICE FEDERAL EMPLOYEE SALARIES & BONUSES

Public employee salaries and bonuses are subject to the federal Freedom of Information Act. Legislation is needed to open the books on the retirement pensions.

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View Interactive Map

2 million salaries and bonuses of all Federal civil service employees by work location ZIP code.

Go to the map, then click a pin and ‘scroll-down’ to see the results.


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Taxpayer Funded Pension Disclosure Act

Sponsor: U.S. Representative Ron DeSantis (FL-6)

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