Retirement (11 - 19 of 19 items)
Social Security Reform: Issues for Disability and Dependent Benefits
GAO-08-26: Published: Oct 26, 2007. Publicly Released: Nov 26, 2007.
Many recent Social Security reform proposals to improve program solvency include elements that would reduce benefits currently scheduled for future recipients. To date, debate has focused primarily on the potential impact on retirees, with less attention to the effects on other Social Security recipients, such as disabled workers and dependents. As these beneficiaries may have fewer alternative so...
Private Pensions: 401(k) Plan Participants and Sponsors Need Better Information on Fees
GAO-08-95T: Published: Oct 24, 2007. Publicly Released: Oct 24, 2007.
According to Labor's most recent data, there are an estimated 44 million active participants in 401(k) plans. As participants accrue earnings on their investments, they also pay a number of fees, associated with 401(k) plans. Over the course of the employee's career, fees may significantly decrease retirement account balances. For plan sponsors, understanding the fees they are being charged helps...
Federal Retirement Thrift Investment Board: Due Diligence Over Administrative Expenses Should Continue and Be Broadened
GAO-07-541: Published: May 14, 2007. Publicly Released: Jun 13, 2007.
The Federal Retirement Thrift Investment Board (FRTIB) is charged with managing the Thrift Savings Plan (TSP)--a key component of retirement savings for many federal employees--in the interest of its participants and beneficiaries. As part of a broader request on oversight of FRTIB, GAO reviewed (1) the administrative expenses of FRTIB and key components of these expenses, (2) whether the administ...
Options for Social Security Reform
GAO-05-649R: Published: May 6, 2005. Publicly Released: May 6, 2005.
This report provides a list of the various options available to reform the Social Security program. It includes a table that lists a wide range of provisions that various proposals have used in some form. In addition, there is a list of such proposals, all of which have been scored by the Social Security Administration's Office of the Chief Actuary (SSA/OCACT). Our list of provisions is intended t...
The Results Act: Observations on the Railroad Retirement Board's September 1997 Strategic Plan
HEHS-98-13R: Published: Nov 6, 1997. Publicly Released: Nov 6, 1997.
Pursuant to a congressional request, GAO reviewed the Railroad Retirement Board's (RRB) September 1997 strategic plan, focusing on: (1) RRB's compliance with the Results Act's requirements and the plan's overall quality; (2) whether the plan reflects RRB's key statutory responsibilities; (3) whether the plan identifies crosscutting functions and plans for coordination with other departments and ag...
Use of a Separate Carrier To Process Medicare Claims for Railroad Retirement Beneficiaries
HRD-84-54: Published: Sep 26, 1984. Publicly Released: Oct 25, 1984.
Pursuant to a congressional request, GAO updated the findings and conclusions of a previous report which recommended that the Medicare claims for physicians' and other medical services applicable to beneficiaries of the Railroad Retirement Board be processed by the same contractors that process such claims for most other Medicare beneficiaries.GAO noted that, although its recommendation concerning...
Railroad Retirement Board Disability Determinations
HRD-84-11: Published: Jul 20, 1984. Publicly Released: Jul 20, 1984.
No summary is currently available...
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...
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...