Federal employees retirement system (1 - 10 of 21 items) in Custom Date Range
Reemployment of Retirees: Six Agencies' Use of Dual Compensation Waiver Authority is Limited
GAO-12-855R: Published: Sep 10, 2012. Publicly Released: Sep 10, 2012.
In summary, the six agencies we reviewed made very little use of the NDAA waiver authority in fiscal years 2010 and 2011. The Department of Treasury made the most, although still very little, use of the waiver authority in both fiscal years--167 waivers in fiscal year 2010 and 214 waivers in fiscal year 2011. Agency officials told us that their agencies used a combination of NDAA and other waiver...
Federal Law Enforcement Retirement: Information on Enhanced Retirement Benefits for Law Enforcement Personnel
GAO-09-727: Published: Jul 30, 2009. Publicly Released: Jul 30, 2009.
From fiscal years 2000 through 2008, the number of persons employed by federal agencies who perform various law enforcement functions and receive either special pay or enhanced retirement benefits, in the form of a faster-accruing pension, has increased by 55 percent. In addition, as of September 2008, approximately 51,000 personnel were employed in law enforcement-related occupations that could s...
Office of Personnel Management: Improvements Needed to Ensure Successful Retirement Systems Modernization
GAO-08-345: Published: Jan 31, 2008. Publicly Released: Jan 31, 2008.
Through its Retirement Systems Modernization (RSM) program, the Office of Personnel Management (OPM) is modernizing the paper intensive processes and antiquated information systems it uses to support the retirement of civilian federal employees. RSM is intended to deploy new or modified systems beginning in February 2008 to improve the efficiency and effectiveness of the agency's retirement progra...
Federal Retirement Thrift Investment Board: Due Diligence Over Administrative Expenses Should Continue and Be Broadened
GAO-07-541: Published: May 14, 2007. Publicly Released: Jun 13, 2007.
The Federal Retirement Thrift Investment Board (FRTIB) is charged with managing the Thrift Savings Plan (TSP)--a key component of retirement savings for many federal employees--in the interest of its participants and beneficiaries. As part of a broader request on oversight of FRTIB, GAO reviewed (1) the administrative expenses of FRTIB and key components of these expenses, (2) whether the administ...
Federal Thrift Savings Plan: Customer Service Practices Adopted by Private Sector Plan Managers Should Be Considered
GAO-05-38: Published: Jan 18, 2005. Publicly Released: Feb 18, 2005.
Intended to resemble private sector 401(k) pension plans, the federal government's Thrift Savings Plan (TSP) held more than $128 billion in retirement assets for over 3 million participants at the end of 2003. Customer service-related difficulties during the Federal Retirement Thrift Investment Board's (TSP's governing body) record-keeping system conversion in 2003 led the Chairman of a Senate Com...
Federal Pensions: DOL Oversight and Thrift Savings Plan Accountability
GAO-03-400: Published: Apr 23, 2003. Publicly Released: May 15, 2003.
The Thrift Savings Plan (TSP) is a retirement savings and investment plan for federal employees, governed by the Federal Retirement Thrift Investment Board (the TSP Board). Recent events relating to the TSP Board's contract to upgrade TSP's record keeping system have raised questions about the management of the TSP. In light of the TSP Board's actions relating to the record keeping system and the...
Federal Pensions: Judicial Survivors' Annuities System Costs
GGD-00-125: Published: May 25, 2000. Publicly Released: May 25, 2000.
Pursuant to a legislative requirement, GAO reviewed certain aspects of the Judicial Survivors' Annuities Systems (JSAS), which provides annuities to the surviving spouses and dependent children of deceased federal judges and other judicial officials who participate in JSAS.GAO noted that: (1) the participating judges did not pay one-half of the JSAS normal cost during fiscal years 1996 through 199...
Senior Executive Service: Retirement Trends Underscore the Importance of Succession Planning
GGD-00-113BR: Published: May 12, 2000. Publicly Released: May 12, 2000.
Pursuant to a congressional request, GAO provided information on the Senior Executive Service's (SES) retirement trends, focusing on: (1) trends for the SES' workforce governmentwide and for selected agencies and occupational series through fiscal year (FY) 2005 and how they compared with the trends over the 7-year period ending FY 1998; and (2) the implications of SES retirement trends for SES su...
Determining the Taxable Portion of Federal Pension Distributions
GGD-99-73R: Published: May 3, 1999. Publicly Released: May 3, 1999.
Pursuant to a congressional request, GAO provided information on: (1) what reasons, if any, exist for the Office of Personnel Management (OPM) to report the taxable portion of annuity benefits for newly retired federal employees on the Form CSA 1099R (Statement of Annuity Paid); and (2) the feasibility of OPM's doing so.GAO noted that: (1) there are three reasons for OPM to report on Form CSA 1099...
Federal Retirement: Key Elements Are Included in Agencies' Education Programs
GGD-99-27: Published: Mar 29, 1999. Publicly Released: Mar 29, 1999.
Pursuant to a congressional request, GAO reviewed the retirement education that the Office of Personnel Management (OPM) and agencies provide to federal civilian employees covered by the Civil Service Retirement System (CSRS) or the Federal Employees' Retirement System (FERS).GAO noted that: (1) OPM and the experts with whom GAO consulted held generally consistent views regarding the recommended c...