Employee benefit plans (31 - 40 of 42 items)
HRD-93-34R: Published: Sep 30, 1993. Publicly Released: Sep 30, 1993.
GAO reviewed the Department of Labor's enforcement of the Employee Retirement Income Security Act of 1974 (ERISA), focusing on the Pension and Welfare Benefit Administration's (PWBA) investigation of pension and welfare benefit plans' violations of ERISA fiduciary requirements. GAO found that PWBA: (1) could make computer targeting more effective and efficient by designing program thresholds to be...
Employee Stock Ownership Plans: Participants' Benefits Generally Increased, but Many Plans Terminated
HRD-91-28: Published: Dec 10, 1990. Publicly Released: Dec 21, 1990.
Pursuant to a congressional request, GAO provided information on the benefits participants received from employee stock ownership plans (ESOP), focusing on: (1) the value of ESOP participants' accounts; (2) the amount of company stock that participants received; and (3) how companies allocated benefits among participants.GAO found that: (1) ESOP value was tied to the performance of the sponsoring...
Private Pensions: Impact of New Vesting Rules Similar for Women and Men
HRD-90-101: Published: Aug 21, 1990. Publicly Released: Aug 21, 1990.
Pursuant to a legislative requirement, GAO reviewed the impact of the Tax Reform Act of 1986 provisions that changed vesting requirements for participants in private pension plans, focusing on the: (1) proportion of women and men vested under the old and new rules; and (2) changes in vested benefits due to the act.GAO found that: (1) the provisions improved employees' vesting status and had a simi...
Federal Government's Oversight of Pension and Welfare Funds
T-HRD-90-37: Published: Jun 13, 1990. Publicly Released: Jun 13, 1990.
GAO discussed the effectiveness of federal oversight of employee benefit plans' compliance with the Employee Retirement Income Security Act of 1974 (ERISA), and the government's potential exposure to underfunded pension plans insured by Pension Benefit Guaranty Corporation (PBGC). GAO found that: (1) the Internal Revenue Service (IRS) increased its examinations of plan operations; (2) the Departme...
Pension Plans: Termination of Plans With Excess Assets
HRD-86-89BR: Published: Apr 30, 1986. Publicly Released: May 30, 1986.
In response to a congressional request, GAO reported on defined benefit pension plan terminations involving the reversion of excess plan assets to employers.GAO found that: (1) a higher-than-expected rate of return on investments was most often cited as the reason plans had excess assets at termination; (2) changes in corporate structure and employers' desire to use excess plan assets for non-pens...
Circumstances Under Which Nonprofit Hospitals Are Reviewing and Deciding To Terminate Social Security Coverage
HRD-83-42: Published: Mar 2, 1983. Publicly Released: Mar 14, 1983.
In response to a congressional request, GAO examined the circumstances under which nonprofit hospitals are reviewing and deciding upon the option to terminate social security coverage.GAO found that these hospitals generally exercised their termination option because of a desire to save money and to control future costs. Concern about the future financial integrity of the social security system wa...
Review of Pension and Fringe Benefits for Contractors' Employees at NASA's Marshall Space Flight Center
HRD-81-142: Published: Sep 28, 1981. Publicly Released: Dec 16, 1981.
In response to a congressional request, GAO reviewed allegations made by a professional employee contracted by the National Aeronautics and Space Administration (NASA). NASA had recently recompeted a professional service contract and made the award to a different company. GAO was to determine if the professional employees involved had: (1) received salary and fringe benefits less than those paid b...
Federal Employee Awareness of Benefits Program Content and Value
FPCD-79-53: Published: May 14, 1979. Publicly Released: May 14, 1979.
Based on informal surveys, federal employees substantially underestimate the value of their benefits. The present method of providing general announcements and descriptive brochures aimed at large groups of employees does little to inform individuals about the specific value of their benefits.The disclosure practices of public employee retirement systems at the federal, state, and local level fall...
Efforts To Implement the Employee Retirement Income Security Act of 1974 by the Department of Labor
HRD-77-99: Published: Jul 6, 1977. Publicly Released: Jul 6, 1977.
Members of congressional committees, Department of Labor officials, and employee benefit plan administrators are concerned about problems Labor has experienced in administering the Employee Retirement Income Security Act of 1974, the first comprehensive Federal law regulating employee benefits. Specific concern has been expressed about delays in issuing regulations and acting on requests for exemp...
The Investment Decisionmaking Process in Two Colorado Public Employee Retirement Plans
HRD-77-30: Published: Dec 29, 1976. Publicly Released: Dec 29, 1976.
Case studies on the Public Employees' Retirement Association (PERA) of Colorado and the Denver Public School Employees' Pension and Benefit Association (DPSEPBA), give details of the framework for managing investments, investment experience, and detailed financial statements. Information on the decisionmaking process was gathered from summary data and interviews with cognizant officials.PERA had f...