Employee retirement plans (11 - 20 of 21 items)
Retirement Contribution Requirements for New Federal Employees
122326: Sep 14, 1983
Testimony was given on the effects of temporarily requiring new Federal employees to contribute to both the social security and the civil service retirement systems. GAO has been concerned that the extra contributions would place the Government at a competitive disadvantage in recruiting and retaining employees because they would result in a substantial reduction in take-home pay. Federal employee...
Views on S. 84
B-135003: Published: May 20, 1981. Publicly Released: May 20, 1981.
Pursuant to a congressional request, GAO presented its views on S. 84. The bill would liberalize the retirement benefits for employees who have served as Federal law enforcement officers or firefighters for at least 5 years, but less than the 20 years of qualifying service necessary for retirement under the special provisions pertaining to such personnel. Under the civil service retirement system,...
Changes Needed in Calculation of Reduction in Civil Service Annuities for Survivor Benefits
FPCD-81-35: Published: Feb 26, 1981. Publicly Released: Feb 26, 1981.
GAO reviewed the method used by the Office of Personnel Management (OPM) to reduce the civil service annuities of retired federal employees who have elected survivor benefits for their spouses. Specifically, its objectives were to evaluate the OPM method of calculating the survivor benefit reduction when applying cost-of-living adjustments and to determine what the effects would be if the method w...
Voluntary Early Retirements Under the Civil Service Retirement System
112605: Jun 19, 1980
Legislation was enacted in 1973 allowing the Civil Service Commission, now the Office of Personnel Management (OPM), to authorize agencies undergoing major reductions in force (RIF) to allow employees who were not affected by the RIF to retire early. The basic purpose of the law was to reduce involuntary separations and thereby save the jobs of younger workers who might otherwise be dismissed in t...
Civil Service Retirement for Employees of Nonappropriated Fund Instrumentalities
FPCD-79-69: Published: Jul 12, 1979. Publicly Released: Jul 12, 1979.
Nonappropriated fund instrumentalities (NAFI) personnel meet the general criteria used to define Federal employees but are excluded by law from civil service retirement coverage. H.R. 2660 and H.R. 5181 would have amended the law to permit certain periods of service by NAFI employees in special services recreation and morale programs of the Armed Forces to be included as creditable service under t...
Federal Employee Awareness of Benefits Program Content and Value
FPCD-79-53: Published: May 14, 1979. Publicly Released: May 14, 1979.
Based on informal surveys, federal employees substantially underestimate the value of their benefits. The present method of providing general announcements and descriptive brochures aimed at large groups of employees does little to inform individuals about the specific value of their benefits.The disclosure practices of public employee retirement systems at the federal, state, and local level fall...
Need for Overall Policy and Coordinated Management of Federal Retirement Systems (Volumes I & II)
FPCD-78-49: Published: Dec 29, 1978. Publicly Released: Jan 19, 1979.
At the request of three House committee/subcommittee chairmen, GAO studied the desirability of establishing a mechanism to provide coordinated management of all retirement systems for Federal personnel in the executive, legislative, and judicial branches.Federal retirement programs have not received the management attention they deserve. The lack of overall Federal retirement policies has resulted...
Disability Provisions of Federal and District of Columbia Employee Retirement Systems Need Reform
FPCD-78-48: Published: Jul 10, 1978. Publicly Released: Jul 10, 1978.
Previous reports have discussed shortcomings in the disability provisions of federal and District of Columbia (D.C) retirement programs. Action on recommendations made in prior reports is still needed.The number of retirees receiving civil service disability annuities more than doubled from 1970 to 1977. The Civil Service Commission's (CSC) interpretation of entitlement to disability retirement is...
Cost-of-Living Adjustment Processes for Federal Annuities Need To Be Changed
FPCD-76-80: Published: Jul 27, 1976. Publicly Released: Jul 27, 1976.
GAO commented on the cost-of-living adjustment processes to the Federal annuity system The comments are generally limited to the civil service retirement system, since it is the largest system and often leads the other systems to change. Most of the observations also pertain to the other Federal systems.The cost-of-living adjustment processes for Federal retirement annuities have resulted in annui...