Pensions (31 - 40 of 43 items)
Effects of the 1980 Multiemployer Pension Plan Amendments Act on Plan Participants' Benefits
HRD-85-58: Published: Jun 14, 1985. Publicly Released: Jun 14, 1985.
Pursuant to the requirements of the Multiemployer Pension Plan Amendments Act, GAO studied the effects of plan terminations and benefits changes on plan participants.GAO found that: (1) while plan terminations increased from 27 in the 6 years before the act to 66 in the 4 years after, such terminations affected less than 1 percent of total plan participants nationwide; (2) the act was cited as a r...
Statement on Investigation To Reform Teamsters' Central States, Southeast and Southwest Areas Pension Fund
119252: Jul 26, 1982
GAO discussed its review of the Government's investigation to reform the Teamsters' Central States, Southeast and Southwest Areas Pension Fund. Since the Fund's inception in 1955, its trustees have been the subject of controversy and allegations of misuse and abuse of its assets. Over the past 14 years, various Federal agencies have investigated the Fund and the alleged misconduct by the trustees...
Prisoners Receiving Social Security and Other Federal Retirement, Disability, and Education Benefits
HRD-82-43: Published: Jul 22, 1982. Publicly Released: Jul 22, 1982.
Pursuant to a congressional request, GAO estimated the number of incarcerated felons receiving social security and other cash benefits from various federal programs. Initial GAO estimates on the number of prisoner beneficiaries receiving benefits from Social Security Administration (SSA) and Veterans Administration (VA) programs resulted in Congress enacting legislation in 1980 to exclude certain...
The Government's Investigation of the International Brotherhood of Teamsters' Pension Funds
116761: Oct 28, 1981
In 1978, GAO undertook a comprehensive review of the adequacy and effectiveness of the Department of Labor's investigation of the International Brotherhood of Teamsters' Central States, Southeast, and Southwest areas Pension Fund, including its coordination with the Internal Revenue Service (IRS) and the Department of Justice. Despite apparent benefits, Labor's investigation and subsequent Labor-I...
Tax Revenues Lost and Beneficiaries Inadequately Protected When Private Pension Plans Terminate
HRD-81-117: Published: Sep 30, 1981. Publicly Released: Sep 30, 1981.
In response to a congressional request, GAO reviewed the effectiveness of the practices and procedures of: (1) the Internal Revenue Service (IRS) and the Pension Benefit Guaranty Corporation (PBGC) for ensuring that pension plan terminations are reported; (2) IRS for processing plan terminations; and (3) IRS for ensuring compliance with income tax requirements by individuals receiving pension bene...
Entitlement to Increase in Civil Service Survivor Annuity
B-200115: Published: Oct 15, 1980. Publicly Released: Oct 15, 1980.
No summary is currently available...
Government's Investigation of the International Brotherhood of Teamsters' Central States, Southeast and Southwest Areas Pension Fund
113126: Aug 25, 1980
GAO reviewed the government's investigation of the International Brotherhood of Teamsters' Central States, Southeast and Southwest Areas Pension Fund. The Fund's trustees have been subject of controversy and allegations of misusing and abusing the Fund's assets. Allegations included charges that individuals linked to organized crime had connections with the Fund and questionable loans had been mad...
Employer Stock Ownership Plans: Who Benefits Most in Closely Held Companies?
HRD-80-88: Published: Jun 20, 1980. Publicly Released: Jun 30, 1980.
The Employee Retirement Income Security Act of 1974 (ERISA) requires that Employee Stock Ownership Plans (ESOP) be established and operated exclusively for the benefit of participants and their beneficiaries. Additionally, ERISA (1) defines an ESOP as a stock bonus plan or a stock bonus and money purchase plan that meets the qualification requirements of the Internal Revenue Service; and (2) provi...
Views on S. 2026
B-197095: Published: Mar 31, 1980. Publicly Released: Mar 31, 1980.
No summary is currently available...
Comments on Ten Bills Introduced To Amend the Railroad Retirement Act of 1974
B-114817: Published: Dec 28, 1978. Publicly Released: Dec 28, 1978.
GAO considered the impact of 10 bills pending in Congress on the Railroad Retirement Account (RRA). All 10 bills would increase benefit payments. Financing these increased benefits, although not addressed by the bills, would presumably come from the RRA or general revenue appropriations. Even if the bills are not enacted, the long-term financial stabiliy of the RRA is doubtful. Between fiscal y...