Pension plan cost control (11 - 20 of 39 items)
Answers to Key Questions about Private Pension Plans
GAO-02-745SP: Published: Sep 18, 2002. Publicly Released: Sep 18, 2002.
This primer on private pensions provides information on the basic features of the private pension plan system and the federal framework that governs how private plans must operate. GAO answers questions about the types of plans that private employers may sponsor, the benefits these plans provide, and the basic requirements that govern how these plans are administered...
Private Pensions: Implications of Conversions to Cash Balance Plans
HEHS-00-185: Published: Sep 29, 2000. Publicly Released: Sep 29, 2000.
Pursuant to a congressional request, GAO provided information on the implications of converting traditional private pensions to cash balance plans, focusing on: (1) the prevalence and major features of cash balance plans, and reasons why firms adopt them; (2) how the use of cash balance plans affect the pension benefits for workers of different ages and tenure, particularly after conversion; and (...
Private Pensions: 'Top-Heavy' Rules for Owner-Dominated Plans
HEHS-00-141: Published: Aug 31, 2000. Publicly Released: Sep 29, 2000.
Pursuant to a congressional request, GAO reviewed top-heavy rules in relation to other pension laws and regulations intended to ensure that workers benefit equitably from their pension plans, focusing on: (1) key differences between top-heavy rules and the general rules for nondiscrimination and vesting in contributions and benefits; (2) the most recent data available for GAO analysis on the chara...
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...
Public Pensions: State and Local Government Contributions to Underfunded Plans
HEHS-96-56: Published: Mar 14, 1996. Publicly Released: Apr 12, 1996.
Pursuant to a congressional request, GAO reviewed the status of public pension plan funding, focusing on the basic pension plans of state and local governments.GAO found that: (1) states and localities with underfunded pension plans run the risk of reducing future pension benefits to taxpayers or raising revenues; (2) unfunded liabilities for all state and local pension plans totalled $200 billion...
Private Pension Plans: Efforts to Encourage Infrastructure Investment
HEHS-95-173: Published: Sep 8, 1995. Publicly Released: Sep 26, 1995.
Pursuant to a congressional request, GAO provided information on the role that pension plans play in expanding public investment in infrastructure projects.GAO found that: (1) pension plans have not been investing in domestic public infrastructure because of the combined effects of federal law, which requires plans to seek the highest rate of return on investments and encourages growth by exemptin...
Public Pension Plans: Evaluation of Economically Targeted Investment Programs
PEMD-95-13: Published: Mar 17, 1995. Publicly Released: Apr 12, 1995.
Pursuant to a congressional request, GAO reviewed economically targeted investments (ETI), focusing on the: (1) amount and types of ETI being invested by nonfederal public employee pension plans; (2) realization of competitive returns by ETI programs aimed at business development; and (3) economic effects of business development ETI programs.GAO found that: (1) public pension plans have invested b...
DOE Management: Contract Provisions Do Not Protect DOE From Unnecessary Pension Costs
RCED-94-201: Published: Aug 26, 1994. Publicly Released: Oct 19, 1994.
Pursuant to a congressional request, GAO reviewed Department of Energy (DOE) pension fund payments for University of California employees at three DOE laboratories, focusing on whether: (1) DOE can recover the payments if they are unneeded; and (2) provisions in revised contracts will allow DOE to control its future pension costs and prevent unneeded payments.GAO found that: (1) unneeded DOE pensi...
Employee Benefits: Effect of Bankruptcy on Retiree Health Benefits
HRD-91-115: Published: Aug 30, 1991. Publicly Released: Sep 25, 1991.
Pursuant to a congressional request, GAO provided information on the effect of employer bankruptcy on retiree health benefits, focusing on: (1) selected bankrupt companies' continued provision of health benefits to their retirees; (2) the extent to which legislation has helped protect retiree health benefits; and (3) effects of bankruptcy on active workers and retirees in company health plans when...
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...