Government retirement benefits (11 - 20 of 35 items)
The Federal Employees' Retirement System: Potential Changes in Agency Retirement Costs Following an Open Season
T-GGD-98-27: Published: Nov 5, 1997. Publicly Released: Nov 5, 1997.
GAO discussed the potential impact on agency retirement costs of a retirement system open season in which anyone who is a general civilian employee of the federal government and is participating in the Civil Service Retirement System (CSRS) or the CSRS Offset Plan would be allowed to transfer to the Federal Employees Retirement System (FERS), focusing on the potential changes in retirement costs c...
Federal Pensions: Relationship Between Retiree Pensions and Final Salaries
GGD-97-156: Published: Aug 11, 1997. Publicly Released: Aug 11, 1997.
Pursuant to a congressional request, GAO responded to a series of questions about federal pension costs and retirement policy, focusing on: (1) the number of federal retirees, if any, whose pensions have come to exceed the final salaries that they earned while working; (2) why these retirees' pensions came to exceed their final salaries; (3) the difference, if any, in these retirees' pension amoun...
Public Pensions: Section 457 Plans Pose Greater Risk Than Other Supplemental Plans
HEHS-96-38: Published: Apr 30, 1996. Publicly Released: May 15, 1996.
Pursuant to a congressional request, GAO reviewed the status of public pension funding, focusing on how plans established under Internal Revenue Code (IRC) section 457 differ from plans created under IRC sections 401(k) and 403(b).GAO found that: (1) most state and local government employees are covered under section 457 plans because the Tax Reform Act of 1986 prohibited state and local governmen...
District's Workforce: Annual Report Required by the District of Columbia Retirement Reform Act
GGD-96-95: Published: Mar 29, 1996. Publicly Released: Mar 29, 1996.
Pursuant to a legislative requirement, GAO commented on the disability retirement rate of District of Columbia police officers and firefighters.GAO found that: (1) the number of District police officers and firefighters hired before February 15, 1980, who retired on disability during 1995 represented 0.503 percent of all active duty police officers and firefighters hired before February 15, 1980;...
Congressional Retirement Costs
GGD-96-24R: Published: Oct 12, 1995. Publicly Released: Oct 12, 1995.
Pursuant to a congressional request, GAO provided information on the proposal to change the congressional retirement system, focusing on: (1) the cost of congressional retirement benefits; (2) the potential savings from the proposal; (3) how private sector retirement systems compare with the congressional retirement system; and (4) the extent to which private sector employers are replacing defined...
HEHS-95-219R: Published: Aug 11, 1995. Publicly Released: Aug 23, 1995.
Pursuant to a congressional request, GAO provided information on the frequency and characteristics of cost-of-living adjustments (COLA) that retirees receive from public and private pension plans. GAO noted that: (1) Social Security and federal pension plans incorporate automatic, annual COLA; (2) over half the states reporting to the Bureau of Labor Statistics provide automatic COLA annually, gen...
Federal Retirement: Benefits for Members of Congress, Congressional Staff, and Other Employees
GGD-95-78: Published: May 15, 1995. Publicly Released: May 15, 1995.
Pursuant to a congressional request, GAO compared the retirement benefits available to members of Congress and congressional staff with those available to other employees under the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS).GAO found that: (1) CSRS provisions for congressional members are generally more generous than those for general employees; (2) M...
Federal Retirement Issues
T-GGD-95-111: Published: Mar 10, 1995. Publicly Released: Mar 10, 1995.
Pursuant to a congressional request, GAO discussed how federal employee retirement benefits compare with those of congressional members and staff and nonfederal retirement plans. GAO noted that: (1) members of Congress can retire at younger ages and with less service than federal and congressional employees under the Civil Service Retirement System (CSRS); (2) the CSRS formula for calculating memb...
District Pensions: Federal Options for Sharing Burden to Finance Unfunded Liability
HEHS-95-40: Published: Dec 28, 1994. Publicly Released: Jan 12, 1995.
Pursuant to a congressional request, GAO reviewed the District of Columbia's pension plans for certain employees, focusing on: (1) the history and status of the plans' unfunded pension liability and the number of plan participants prior to Home Rule; (2) a comparison of the plans' unfunded liability with other state and local plans; and (3) the District's funding formula under the proposed legisla...
D.C. Pensions: Plans Consuming Growing Share of District Budget
T-HEHS-94-192: Published: Jun 14, 1994. Publicly Released: Jun 14, 1994.
GAO discussed the District of Columbia's unfunded pension plan liability and proposed reform legislation. GAO noted that: (1) the District's required pension plan contribution could increase to about 15 percent of its total revenues by 2005 and will constitute 70 percent of its payroll for police officers, firefighters, teachers, and judges by 2004; (2) the District's unfunded liability increased...