Pension plan cost control (21 - 30 of 39 items)
Employee Benefits: Extent of Multiemployer Plan Retiree Health Coverage
HRD-90-132: Published: Jul 17, 1990. Publicly Released: Jul 31, 1990.
Pursuant to a congressional request, GAO reviewed the extent to which companies provide retiree health benefits, focusing on the numbers of: (1) multiemployer health plans with retiree coverage; (2) workers enrolled in such plans; and (3) retirees in such plans.GAO found that: (1) over 6 percent of all retirees in company-sponsored health plans were covered by multiemployer plans; (2) 32 percent o...
Employee Benefits: Trends in Retiree Health Coverage
T-HRD-90-51: Published: Jul 27, 1990. Publicly Released: Jul 27, 1990.
GAO discussed company-sponsored retiree health coverage. GAO found that: (1) only about 4 percent of all companies provide retiree health coverage; (2) companies with retiree health benefits were generally larger, employing 40 percent of private-sector workers; (3) about 9 million retirees are currently in company-sponsored plans, and about 39 percent of those are under age 65; (4) 64 million of 9...
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...
Employee Benefits: Extent of Companies' Retiree Health Coverage
HRD-90-92: Published: Mar 28, 1990. Publicly Released: Apr 19, 1990.
Pursuant to a congressional request, GAO provided information on the extent to which a random sample of 5,500 companies provided retirees with health benefits.GAO found that: (1) although over half of the companies provided health coverage to active workers, only about 4 percent had retiree health plans; (2) those companies providing retiree health benefits tended to be larger businesses, and they...
Railroad Retirement: Future Rail Employment and Trust Fund Solvency
HRD-89-30: Published: Apr 5, 1989. Publicly Released: May 8, 1989.
In response to a congressional request, GAO assessed the railroad retirement program, focusing on: (1) factors influencing the level of railroad employment; and (2) independent estimates of rail employment used to project the financial state of the railroad retirement trust fund.GAO found that: (1) railroad employment had dropped over 40 percent since 1980 and was likely to continue to decline to...
Private Pensions: Portability and Preservation of Vested Pension Benefits
HRD-89-15BR: Published: Feb 3, 1989. Publicly Released: Feb 3, 1989.
In response to a congressional request, GAO assessed issues relating to the portability and preservation of private pension benefits, specifically: (1) whether job mobility adversely affected retirement income; (2) what kinds of portability and preservation arrangements existed and the extent to which they were used; and (3) the problems and tradeoffs involved in implementing proposals to enhance...
Employee Benefits: Company Actions to Limit Retiree Health Costs
HRD-89-31BR: Published: Feb 1, 1989. Publicly Released: Feb 1, 1989.
Pursuant to a congressional request, GAO provided information on non-government enterprises' retiree health plans and benefits, focusing on the companies' ability to change plans and benefits.GAO found that, of the 29 companies it surveyed: (1) all could change their health care plans to help contain costs by restricting coverage to certain participants, limiting service coverage, and requiring pa...
Pension Portability and Preservation: Issues and Proposals
T-HRD-88-24: Published: Jul 12, 1988. Publicly Released: Jul 12, 1988.
GAO examined pension portability and preservation for workers who have vested pension benefits, focusing on: (1) how job mobility affected workers' pension incomes in retirement; (2) types of portability and preservation arrangements; and (3) legislative proposals designed to enhance pension portability and preservation. GAO found that: (1) workers vested in a series of defined benefit plans could...
Financial Condition of the Single Employer Pension Plan Insurance Program
T-HRD-87-8: Published: Apr 7, 1987. Publicly Released: Apr 7, 1987.
GAO discussed the financial condition of the Pension Benefit Guaranty Corporation's (PBGC) Single Employer Pension Insurance Program, which generally guarantees workers' vested benefits when a private pension plan terminates. GAO noted that the program is in serious financial trouble because: (1) it had a reported deficit of $3.8 billion as of September 30, 1986; (2) the deficit could reach an est...
The Underfunding of Single Employer Pension Plans
130198: Jun 24, 1986
In response to a congressional request, GAO provided information on private pension plan underfunding, specifically: (1) its extent and effects; (2) factors contributing to underfunding; (3) the potential of the Single Employer Pension Plan Amendments Act of 1986 to alleviate the effects of underfunded terminations; and (4) alternatives for controlling underfunding. GAO found that: (1) of the 14,5...