Employee retirements (21 - 30 of 30 items)
Premium Requirements of the Single Employer Pension Plan Insurance Program
123666: Mar 20, 1984
GAO discussed the Pension Benefit Guaranty Corporation's request for a $7 premium rate for its single employer pension plan insurance program. The Corporation was established to administer a self-financing program which insures the benefits of about 29 million participants in 106,000 private pension plans. GAO revised its suggested premium rate for the program upward to $8.50 which it believes may...
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...
Comments on Funding of State and Local Government Pension Plans: A National Problem
112087: Apr 16, 1980
Comments were provided on a study concerning the funding of State and local government pension plans. The criteria used in the study for analyzing the selected State and local plans was the Employee Retirement Income Security Act (ERISA) standard for funding private plans. While reviewing the plans, GAO found that State and local officials are generally aware of the need for sound actuarial fundin...
Reliability of the Pension Benefit Guaranty Corporation's Estimated Cost of Proposed Revisions to the Multiemployer Pension Plan Insurance Program
HRD-80-65: Published: Feb 29, 1980. Publicly Released: Mar 3, 1980.
A review was undertaken to determine the reliability of the estimated cost to revise the multiemployer pension plan insurance program. The Guaranty Corporation submitted proposed legislation for revising the insurance program to both Houses of Congress on May 1, 1979. Some of the major provisions in the proposed legislation include: (1) a requirement that sponsoring employers, who withdraw from a...
An Actuarial and Economic Analysis of State and Local Government Pension Plans
PAD-80-1: Published: Feb 26, 1980. Publicly Released: Feb 26, 1980.
A study of future economic problems is being directed by the Joint Economic Committee. The goal of the study is to obtain more accurate estimates of future outlays from pension plans and the potential effect of these outlays on the Nation's economic resources. The main focus of the study was projecting the cost to State and local government pension plans of future benefit payout. To place benefit...
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...
Need for Overall Policy and Coordinated Management of Federal Retirement Systems (Volumes I & II)
FPCD-78-49: Published: Dec 29, 1978. Publicly Released: Jan 19, 1979.
At the request of three House committee/subcommittee chairmen, GAO studied the desirability of establishing a mechanism to provide coordinated management of all retirement systems for Federal personnel in the executive, legislative, and judicial branches.Federal retirement programs have not received the management attention they deserve. The lack of overall Federal retirement policies has resulted...
Pension Benefit Guaranty Corporation's Proposal to Increase Premium Rate for the Single Employer Basic Benefits Insurance Program
HRD-78-2: Published: Oct 6, 1977. Publicly Released: Oct 6, 1977.
Review of the Pension Benefit Guaranty Corporation's (PBGC) proposed premium rate increase for participants of a defined benefit pension plan under the single employer basic benefits insurance program indicated that the present $1.00 per plan participant per year premium is not adequate to fully fund the program. Although PBGC took into consideration numerous factors and made assumptions which cou...
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 Georgia Public Employee Retirement Plans
HRD-77-21: Published: Nov 30, 1976. Publicly Released: Nov 30, 1976.
The second in a series of seven case studies was performed of the Employees' Retirement System of Georgia and the Atlanta General Employees' Pension Plan. The Georgia plan is the second largest of five employee-administered state retirement plans with about 48,300 members and assets of about $355 million. The Atlanta plan is the largest of three plans for city employees with about 14,400 members a...