ENT-58 REDUCE FEDERAL EMPLOYEE RETIREMENT BENEFITS

                                  Annual Savings              Cumulative
                               (Millions of dollars            Five-Year
Savings from         -----------------------------------------   Savings
CBO Baseline         1994     1995      1996     1997     1998
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                     Defer COLAs for Retirees Until Age 62

Military Retirement   300     680      1,100    1,500    1,950    5,550

Civilian Retirement    80     150        200      240      260      920

                       Limit Some COLAs Below Inflation

Military Retirement   190     450      730      1,050    1,350    3,750

Civilian Retirement   130     310      500      700      900      2,550

                    Modify the Salary Used to Set Pensions

Military Retirement    30     70       100      140      190      530

Civilian Retirement    20      50       100      150      210      520

        Restrict Agency Match on Thrift Plan Contribution to 50 Percent

Civilian Retirement  370     440      500      570      640      2,500

                         Total:  All Changes Combined

Military Retirement 420     950      1,500    2,100    2,750    7,750

Civilian Retirement 590     910      1,250    1,600    1,900    6,250
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