Courtesy of Bruce Krasting.
The topic of the day is the Military Retirement Service (MRS) and the Federal Employee Retirement Fund (FERS). Let me be very clear at the onset of this – I don’t understand what is happening with these two. But, that’s the point. I’m not sure that anyone knows what’s going on here. At least not the folks in the Press, or the public.
My interest in FERS/MRS was tweaked a week ago with the release of the Congressional Budget Office’s (CBO) annual report on the economy and the budget. The critical number from the CBO was its calculation of the future Debt to Public/GDP ratio. There is a footnote to the CBO’s calculations:
a. Off-budget surpluses or deficits comprise surpluses or deficits in the Social Security trust funds and the net cash flow of the Postal Service.
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