Department of Labor (101 - 110 of 1,019 items)
Defined Benefit Pension Plans: Recent Developments Highlight Challenges of Hedge Fund and Private Equity Investing
GAO-12-324: Published: Feb 16, 2012. Publicly Released: Mar 19, 2012.
While plan representatives GAO contacted generally stated that their hedge fund and private equity investments met expectations in recent years, a number of plans experienced losses and other challenges, such as limited liquidity and transparency. National data indicated that hedge fund and private equity investments were significantly affected by the 2008-2009 financial crisis, and plans and expe...
Unemployment Insurance: Economic Circumstances of Individuals Who Exhausted Benefits
GAO-12-408: Published: Feb 17, 2012. Publicly Released: Feb 17, 2012.
Among the 15 million workers who lost jobs from 2007 to 2009, half received Unemployment Insurance (UI), and about one-fourth of the recipients exhausted UI benefits by January 2010. This represents 2 million displaced workers who exhausted UI as of early 2010, the most recent survey data available. Labor estimated that about an additional 3-1/2 million individuals exhausted benefits in 2010 and 2...
Workforce Investment Act: Innovative Collaborations between Workforce Boards and Employers Helped Meet Urgent Local Workforce Needs
GAO-12-419T: Published: Feb 16, 2012. Publicly Released: Feb 16, 2012.
Workforce board officials and their partners in the 14 initiatives cited a range of factors that facilitated building innovative collaborations. Almost all of the collaborations grew out of efforts to address urgent workforce needs of multiple employers in a specific sector, rather than focusing on individual employers. The partners in these initiatives made extra effort to engage employers so the...
Workforce Investment Act: Innovative Collaborations between Workforce Boards and Employers Helped Meet Local Needs
GAO-12-97: Published: Jan 19, 2012. Publicly Released: Feb 15, 2012.
Workforce board officials and their partners in the 14 initiatives cited a range of factors that facilitated building innovative collaborations. Almost all of the collaborations grew out of efforts to address urgent workforce needs of multiple employers in a specific sector, such as health care, manufacturing, or agriculture, rather than focusing on individual employers. Additionally, the partners...
FEDERAL EMPLOYEES' COMPENSATION ACT: Preliminary Observations on Fraud-Prevention Controls
GAO-12-402: Published: Jan 25, 2012. Publicly Released: Jan 25, 2012.
Our work to this point has identified several promising practices that could help to reduce the risk of fraud within the FECA program. The promising practices link back to fraud-prevention concepts contained in GAOs Fraud Prevention Framework and Standards for Internal Control in the Federal Government, and include agencies use of full-time staff dedicated to the FECA program, periodic...
Homeless Women Veterans: Actions Needed to Ensure Safe and Appropriate Housing
GAO-12-182: Published: Dec 23, 2011. Publicly Released: Jan 23, 2012.
Limited VA data show the number of women veterans it has identified as homeless more than doubled, from 1,380 in fiscal year 2006 to 3,328 in fiscal year 2010. Although these data are not generalizable to the overall population of homeless women veterans, we identified some characteristics of these women. For example, almost two-thirds were between 40 and 59 years old and over one-third had disabi...
Mental Health and Substance Use: Employers' Insurance Coverage Maintained or Enhanced Since Parity Act, but Effect of Coverage on Enrollees Varied
GAO-12-63: Published: Nov 30, 2011. Publicly Released: Nov 30, 2011.
The Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA) requires that employers who offer health insurance coverage for mental health conditions and substance use disorders (MH/SU) provide coverage that is no more restrictive than that offered for medical and surgical conditions. Employers were required to comply with the law for coverage that began on o...
Federal Employees' Compensation Act: Preliminary Observations on Fraud-Prevention Controls
GAO-12-212T: Published: Nov 9, 2011. Publicly Released: Nov 9, 2011.
This testimony provides information on fraud-prevention controls for the Federal Employees' Compensation Act (FECA) program. According to the Department of Labor (Labor), in fiscal year 2010 about 251,000 federal and postal employees and their survivors received wage- loss compensation, medical and vocational rehabilitation services, and death benefits through FECA. Administered by Labor, the FECA...
Gender Pay Differences: Progress Made, but Women Remain Overrepresented among Low-Wage Workers
GAO-12-10: Published: Oct 12, 2011. Publicly Released: Nov 3, 2011.
Women represent an increasingly larger share of the total workforce in the United States--constituting nearly half of the total workforce. In addition, an increasing proportion of women in the workforce are more educated. However, research by GAO and others has shown that women's average pay has been and remains lower than that of men. Questions have been raised about the extent to which less-adva...
Income Security: Older Adults and the 2007-2009 Recession
GAO-12-76: Published: Oct 17, 2011. Publicly Released: Oct 18, 2011.
The recession of 2007 to 2009 has been the most severe in this country since the 1930s. After adjusting for inflation, gross domestic product declined by 5.1 percent and the national unemployment rate peaked at 9.5 percent. While the recession officially ended in June 2009, our economy has experienced a weak recovery, with unemployment still above 9 percent. While the recession has affected all ag...