Would eliminating all federal employees reduce the deficit? In a word, no. Eliminating every federal employee, military included, wouldn’t eradicate the deficit.
How Much Do You Know About Funding of the Federal Retirement System?
The unfunded liability of the older CSRS retirement system will hit a peak of $684.8 billion by 2023. Your future pension benefits should be secure despite the financial shortfall, according to OPM, as the number of people covered by CSRS continues to decline.