Private sector (11 - 20 of 33 items)
Private Pensions: Plan Features Provided By Employers That Sponsor Only Defined Contribution Plans
GGD-98-23: Published: Dec 1, 1997. Publicly Released: Jan 5, 1998.
Pursuant to a congressional request, GAO reviewed the general features of defined contribution (DC) plans in the private sector, focusing on: (1) eligibility requirements for employee participation; (2) arrangements for employer and participant contributions; (3) eligibility requirements for employee rights to accrued benefits; (4) employee investment options; (5) loan and other provisions for par...
Federal Retirement: Federal and Private Sector Retirement Program Benefits Vary
GGD-97-40: Published: Apr 7, 1997. Publicly Released: May 7, 1997.
Pursuant to congressional requests, GAO reviewed federal and nonfederal retirement programs, focusing on: (1) an update of the reports on nonfederal retirement programs GAO completed for Congress when the Federal Employees Retirement System (FERS) was being designed; and (2) a comparison of current nonfederal programs with FERS and the Civil Service Retirement System (CSRS). GAO did not independen...
Private Pensions: Most Employers That Offer Pensions Use Defined Contribution Plans
GGD-97-1: Published: Oct 3, 1996. Publicly Released: Oct 3, 1996.
Pursuant to a congressional request, GAO provided information on the: (1) numbers and types of pension plans sponsored nationwide by private employers from 1984 to 1993; (2) proportions of total contributions made to these plans by employers and employees; (3) average administrative expense for these plans; and (4) reasons employers sponsor certain types of pension plans.GAO found that: (1) using...
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 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...
Federal Personnel: Employment Policy Challenges Created By an Aging Workforce
GGD-93-138: Published: Sep 23, 1993. Publicly Released: Sep 23, 1993.
GAO provided information on work-force aging, focusing on federal government and private-sector employers' efforts to address older-worker issues.GAO found that: (1) the federal government and private-sector employers could face difficulties in meeting their future employment needs because the large aging baby boom generation is approaching retirement eligibility and the next generation of workers...
Retiree Health Plans: Health Benefits Not Secure Under Employer-Based System
HRD-93-125: Published: Jul 9, 1993. Publicly Released: Jul 9, 1993.
Pursuant to a congressional request, GAO provided information on private-sector employers' reductions of retiree health benefits, focusing on the: (1) type of benefit reductions; (2) impact of Financial Accounting Standard (FAS) 106; and (3) federal courts' basis for allowing employers to reduce retiree health benefits.GAO found that: (1) employers are controlling retiree health benefit costs by i...
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...
Retiree Health: Company-Sponsored Plans Facing Increased Costs and Liabilities
T-HRD-91-25: Published: May 6, 1991. Publicly Released: May 6, 1991.
GAO discussed the increasing costs and liabilities for company-sponsored retiree health coverage. GAO noted that: (1) about one-third of all private-sector workers received retiree health coverage; (2) about 9 million retirees were in company-sponsored health plans, and 39 percent of them were under 65 and not yet eligible for Medicare; (3) the cost of providing retiree health benefits varied cons...