Pensions (61 - 70 of 154 items)
Private Pensions: Key Issues to Consider Following the Enron Collapse
GAO-02-480T: Published: Feb 27, 2002. Publicly Released: Feb 27, 2002.
The collapse of the Enron Corporation and the resulting loss of employee retirement savings highlighted several key vulnerabilities in the nation's private pension system. Asset diversification was a crucial lesson, especially for defined contribution plans, in which employees bear the investment risk. The Enron case underscores the importance of encouraging employees to diversify. Workers need cl...
Retirement Savings: Opportunities to Improve DOL's SAVER Act Campaign
GAO-01-634: Published: Jun 26, 2001. Publicly Released: Jun 26, 2001.
Many of today's workers may not be financially prepared for retirement when they stop working. Many people are counting on Social Security alone, without an additional retirement plan. The Savings Are Vital to Everyone's Retirement (SAVER) Act of 1997 requires the Department of Labor (DOL) to hold periodic national summits and run an outreach program to promote retirement saving. This report (1) i...
Cash Balance Plans: Implications for Retirement Income
HEHS-00-207: Published: Sep 29, 2000. Publicly Released: Sep 29, 2000.
Pursuant to a congressional request, GAO provided information on the implications of using cash balance plans for retirement income, focusing on the: (1) prevalence and features of cash balance plans; (2) factors employers considered in making a decision about whether or not to use a cash balance formula; (3) effects of using cash balance formulas on the adequacy of individual workers' retirement...
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...
Social Security Reform: Implications for Private Pensions
HEHS-00-187: Published: Sep 14, 2000. Publicly Released: Sep 14, 2000.
Pursuant to a congressional request, GAO provided information on the interactions between Social Security and private pensions, focusing on the: (1) primary linkages between Social Security and private pensions and the way they interact to provide retirement income for workers and families; (2) effects of traditional Social Security reforms on the structure of employer-sponsored pension plans thro...
Pension Plans: Characteristics of Persons in the Labor Force Without Pension Coverage
HEHS-00-131: Published: Aug 22, 2000. Publicly Released: Aug 22, 2000.
Pursuant to a congressional request, GAO provided information on the: (1) portion of the labor force without pension coverage and how that proportion has changed over the past decade; (2) characteristics of workers in that labor force; and (3) proportion and characteristics of retired people who lack pension income or pension assets.GAO noted that: (1) about 53 percent of the employed labor force...
State Pension Plans: Similarities and Differences Between Federal and State Designs
GGD-99-45: Published: Mar 19, 1999. Publicly Released: Mar 19, 1999.
GAO provided information on the: (1) design components of retirement programs that states offer to their general employees and compared them to the design components of the two principal retirement programs for federal employees; and (2) changes states have considered and made to their retirement programs.GAO noted that: (1) all states used two or more of the four design components, but few of the...
Social Security: Implications of Extending Mandatory Coverage to State and Local Employees
HEHS-98-196: Published: Aug 18, 1998. Publicly Released: Aug 18, 1998.
Pursuant to a congressional request, GAO examined the implications of extending mandatory social security coverage to all newly hired state and local employees, focusing on: (1) the implications of mandatory coverage for the Social Security Program and for public employers, employees, and pension plans; and (2) potential legal or administrative problems associated with implementing mandatory cover...
Railroad Retirement: Enhancing Portability Would Raise Cost and Policy Concerns
GGD-98-168: Published: Aug 10, 1998. Publicly Released: Aug 10, 1998.
Pursuant to a congressional request, GAO reviewed the portability of Railroad Retirement Benefits, focusing on: (1) which, if any, Railroad Retirement benefits are portable; (2) what changes could be made to the Federal Employees' Retirement System (FERS) that might enhance the portability of Railroad Retirement benefits into FERS for former railroad employees who secure federal civilian employmen...