Retirees (31 - 40 of 52 items)
Private Pensions: Protections for Retirees' Insurance Annuities Can Be Strengthened
HRD-93-29: Published: Mar 31, 1993. Publicly Released: Apr 22, 1993.
Pursuant to a congressional request, GAO reviewed the adequacy of protections for retirees' insurance annuities, focusing on: (1) state guarantee coverage of insurance annuities retirees receive from private pension plans; (2) federal regulation and oversight of private pension plans' selection of insurers to provide annuity benefits; and (3) options for improving annuity protections.GAO found tha...
District's Pensions: Billions of Dollars in Liability Not Funded
HRD-93-32: Published: Nov 30, 1992. Publicly Released: Nov 30, 1992.
Pursuant to a congressional request, GAO reviewed the growth of the District of Columbia's unfunded pension liability, focusing on: (1) how the District's retirement plans compare with other municipal retirement plans; and (2) the impact of U.S. Secret Service personnel on the District's pension liability.GAO found that: (1) in 1979, Congress transferred responsibility for $2 billion in unfunded p...
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...
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...
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...
Employee Benefits: Companies' Retiree Health Liabilities Large, Advance Funding Costly
HRD-89-51: Published: Jun 14, 1989. Publicly Released: Jun 14, 1989.
Pursuant to a congressional request, GAO reviewed U.S. companies' liabilities for retiree health benefits.GAO found that: (1) as of 1988, U.S. companies had total liabilities of $402 billion for retiree health benefits, of which $227 billion, or about one-fourteenth of the value of all companies' stocks in 1988, was accrued and $175 billion was anticipated; (2) most companies did not fund health b...
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...
Future Security of Retirees Health Benefits in Question
T-HRD-88-30: Published: Sep 15, 1988. Publicly Released: Sep 15, 1988.
GAO discussed private-sector health care benefits for retirees and changes implemented or currently being considered. GAO estimated health benefit costs and future liabilities, and found that: (1) the present future value of future retiree health benefits was about $402 billion, including liabilities of $93 billion for retirees, $128 billion for active workers' past service, and $181 billion for b...