Pension plan cost control (31 - 39 of 39 items)
Pension Plans: Plans With Excess Assets
HRD-86-100BR: Published: May 30, 1986. Publicly Released: May 30, 1986.
In response to a congressional request, GAO reported on excess assets in ongoing single-employer-defined benefit pension plans.GAO analyzed ongoing plans for 1981 and 1983 to assess the extent of and changes in excess plan assets. GAO found that, in 1983: (1) 10,080 of the 14,581 plans were overfunded by a total of about $57 billion; (2) about 70 percent of the 10,080 overfunded plans had assets t...
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...
Summary of 1983 Federal Pension Plan Information
AFMD-85-69: Published: Sep 26, 1985. Publicly Released: Sep 26, 1985.
Pursuant to a congressional request, GAO reviewed the information contained in the federal pension plan reports filed with the Comptroller General.GAO found that: (1) the comparative data for plan years 1979 through 1983 showed that the plans covered 6 million active participants; (2) the net assets available for benefits totalled $115.8 billion; (3) the projections were highly dependent on the ac...
Premium Requirements of the Single Employer Pension Insurance Program
127200: Jun 19, 1985
Testimony was given on GAO views of the financial condition of the single employer pension insurance program and a presidential budget request that the current rate for each participant be increased to $7.50 retroactive to January 1, 1985. The Pension Benefit Guaranty Corporation (PBGC) administers the self-financing program which finances insurance claims for guaranteed benefits not funded by spo...
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...
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...
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...
Study of the Funding of State and Local Government Retirement Systems
110489: Sep 27, 1979
A study of the funding of public employee pension systems maintained by state and local governments covered 72 pension plans administered by 8 state and 26 local governments. The states selected included different parts of the nation and different approaches to pension funding. The review was directed toward a broad spectrum of pension activity to determine the potential financial impact of pensio...
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...