Department of Labor, Executive (11 - 20 of 51 items)
Issues Involving the Use of the Futures Markets to Invest in Commodity Indexes
GAO-09-285R: Published: Jan 30, 2009. Publicly Released: Feb 5, 2009.
Until mid-2008, prices for a broad range of physical commodities, from crude oil to crops such as wheat, had increased dramatically for several years--raising concerns and leading to a debate over the possible causes. Some market participants and observers have attributed the price increases to fundamental economic factors related to supply and demand. Others have suggested that the price increase...
Defined Benefit Pensions: Plan Freezes Affect Millions of Participants and May Pose Retirement Income Challenges
GAO-08-817: Published: Jul 21, 2008. Publicly Released: Jul 21, 2008.
Private defined benefit (DB) pension plans are an important source of retirement income for millions of Americans. However, from 1990 to 2006, plan sponsors have voluntarily terminated over 61,000 sufficiently funded single-employer DB plans. An event preceding at least some of these terminations was a so-called plan "freeze"--an amendment to the plan to limit some or all future pension accruals f...
State and Local Government Retiree Benefits: Current Funded Status of Pension and Health Benefits
GAO-08-223: Published: Jan 29, 2008. Publicly Released: Feb 28, 2008.
Pension and other retiree benefits for state and local government employees represent liabilities for state and local governments and ultimately a burden for state and local taxpayers. Since 1986, accounting standards have required state and local governments to report their unfunded pension liabilities. Recently, however, standards changed and now call for governments also to report retiree healt...
Federal Retirement Thrift Investment Board: Many Responsibilities and Investment Policies Set by Congress
GAO-07-611: Published: Jun 21, 2007. Publicly Released: Jul 23, 2007.
The Thrift Savings Plan (TSP), a retirement savings and investment plan for federal workers, held approximately $210 billion in retirement assets for 3.7 million participants, as of February 2007. TSP is managed by the Federal Retirement Thrift Investment Board (FRTIB). In light of questions about TSP oversight, we examined (1) the current structure for overseeing FRTIB, (2) how the statutorily de...
Foreign Assistance: Enhanced Coordination and Better Methods to Assess the Results of U.S. International Basic Education Efforts Are Needed
GAO-07-523: Published: Mar 30, 2007. Publicly Released: Mar 30, 2007.
Pub. L. No. 109-102, section 567, mandated that GAO analyze U.S. international basic education efforts overseas. In this report, GAO (1) describes U.S. agencies' basic education activities and how the agencies plan them; (2) examines U.S. coordination of basic education efforts among U.S. agencies, and with host governments and international donors; and (3) examines how U.S. agencies assess the re...
Federal Law Enforcement: Results of Surveys of Federal Civilian Law Enforcement Components, an E-supplement to GAO-07-121
GAO-07-223SP: Published: Dec 19, 2006. Publicly Released: Dec 19, 2006.
This document presents selected results of GAO's surveys of 104 federal civilian components that employ law enforcement officers (LEO). We defined an LEO as a federal employee who is authorized to perform any of four specific functions: conduct criminal investigations, execute search warrants, make arrests, or carry firearms. The table presenting the selected results can be viewed by clicking on t...
Private Pensions: Information on Cash Balance Pension Plans
GAO-06-42: Published: Nov 3, 2005. Publicly Released: Nov 3, 2005.
The nation's private defined benefit (DB) pension system, a key contributor to the financial security of millions of Americans, is in long-term decline. Since 1980, the number of active participants in Pension Benefit Guaranty Corporation (PBGC) insured single employer DB plans has dropped from 27.3 percent of all national private wage and salary workers in 1980, to about 15 percent in 2002, and m...
Private Pensions: Multiemployer Plans Face Short- and Long-Term Challenges
GAO-04-423: Published: Mar 26, 2004. Publicly Released: Mar 26, 2004.
Multiemployer-defined benefit pension plans, which are created by collective bargaining agreements covering more than one employer and generally operated under the joint trusteeship of labor and management, provide coverage to over 9.7 million of the 44 million participants insured by the Pension Benefit Guaranty Corporation (PBGC). The recent termination of several large single-employer plans--pl...
Private Pensions: Timely and Accurate Information Is Needed to Identify and Track Frozen Defined Benefit Plans
GAO-04-200R: Published: Dec 17, 2003. Publicly Released: Dec 17, 2003.
While private-sector pensions help millions of Americans achieve retirement income security, the number of private defined benefit (DB) plans1 has declined substantially over the past two decades. Recently, those concerned with the viability of the private defined benefit pension system point to significant increases in pension contributions plan sponsors must make and to the fact that most plans...
Human Capital: Key Principles for Effective Strategic Workforce Planning
GAO-04-39: Published: Dec 11, 2003. Publicly Released: Dec 11, 2003.
The federal government is in a period of profound transition and faces an array of challenges and opportunities to enhance performance, ensure accountability, and position the nation for the future. Effective results-oriented management of the government's most valued resource--its people--is at the heart of this transition. This report is part of a large body of GAO work examining issues in strat...