Retirement benefits (71 - 80 of 101 items)
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...
401(k) Plans: Participation and Deferral Rates by Plan Features and Other Information
PEMD-88-20FS: Published: Apr 29, 1988. Publicly Released: Apr 29, 1988.
Pursuant to a congressional request, GAO provided information regarding so-called 401(k) retirement programs, focusing on the: (1) number of workers at firms which offered only a 401(k) plan; (2) kinds of plans firms converted or replaced when they set up 401(k) plans; and (3) differences in average employee participation rates and deferral percentage rates among plans with different provisions.GA...
Federal Personnel: Views From Two Agencies on Why More Employees Did Not Join the New Retirement System
GGD-88-52FS: Published: Mar 11, 1988. Publicly Released: Mar 18, 1988.
In response to a congressional request, GAO provided information from Army and Veterans Administration officials on the major reasons why employees did not transfer from the Civil Service Retirement System (CSRS) to the new Federal Employee Retirement System (FERS).GAO found that: (1) 32 officials reported that employees who planned to make their careers in the federal government believed that CSR...
Federal Workforce: Provisions for Comparing Government and Contractor Retirement Costs Should Be Changed
GGD-88-25: Published: Dec 17, 1987. Publicly Released: Dec 17, 1987.
In response to a congressional request, GAO reviewed the appropriateness of the 1986 Office of Management and Budget (OMB) Circular A-76 revisions that required exclusion of thrift savings plans and the Old Age, Survivors, and Disability Insurance (OASDI) portion of Social Security from estimates of government and contractor retirement system costs in cost-comparison studies.GAO found that: (1) th...
Pension Plans: Many Workers Don't Know When They Can Retire
HRD-87-94BR: Published: Aug 12, 1987. Publicly Released: Sep 25, 1987.
In response to a congressional request, GAO provided information on workers' knowledge of pension plan provisions related to normal and early retirement.GAO noted that it used data from a 1983 consumer survey to estimate the number and characteristics of workers in defined pension plans who knew: (1) if they would be eligible for early retirement; and (2) when they would first be eligible for full...
Many Workers Don't Know When They Can Retire
T-HRD-87-23: Published: Sep 23, 1987. Publicly Released: Sep 23, 1987.
GAO discussed workers' knowledge of their eligibility to receive pension benefits. Regarding early retirement, GAO noted that: (1) over 40 percent of 22 million workers were incorrect or did not know about their eligibility; (2) 75 percent of 12 million workers who were correct about eligibility did not know when they could receive benefits; (3) eligible workers, more educated workers, and workers...
Federal Retirement: Nondiscrimination Rules for Thrift Savings Plan
GGD-87-80BR: Published: May 22, 1987. Publicly Released: Jun 3, 1987.
Pursuant to a congressional request, GAO reviewed Internal Revenue Code provisions which allow employees to defer taxes on contributions to the federal thrift savings plan until retirement.GAO found that, since tax reform: (1) the nondiscrimination rule limits the contributions of highly paid federal and public schools employees to not more than one and one-quarter times the percentage of salary d...
Implementation of the Federal Employees' Retirement System Act of 1986
T-GGD-87-10: Published: Mar 25, 1987. Publicly Released: Mar 25, 1987.
Pursuant to a congressional request, GAO testified on the implementation of the Federal Employees Retirement System Act of 1986 (FERS). GAO noted that three lead agencies set policy for investment and management of the thrift savings fund, administer the basic annuity portion of FERS, and serve as information sources for employees transferring to a new retirement system. GAO found that: (1) some a...