Pensions (11 - 20 of 36 items)
Federal Retirement System Financing
T-GGD-95-197: Published: Jun 28, 1995. Publicly Released: Jun 28, 1995.
GAO discussed federal retirement system financing, focusing on: (1) how the government finances the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS); and (2) the budget implications of the financing methods being used. GAO noted that: (1) employees contribute toward CSRS and FERS costs and the government funds all remaining costs; (2) CSRS contributions are...
Overview of Federal Retirement Programs
T-GGD-95-172: Published: May 22, 1995. Publicly Released: May 22, 1995.
GAO discussed federal retirement issues, focusing on the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS). GAO noted that: (1) CSRS has been closed to new entrants since 1983 and is a stand-alone pension system, while FERS covers employees who began federal service after 1983 and includes social security coverage, a pension plan, and a thrift savings plan;...
Congressional Retirement Issues
T-GGD-95-165: Published: May 15, 1995. Publicly Released: May 15, 1995.
GAO discussed congressional retirement benefits, focusing on how they compare to retirement benefits available to other federal and civil service employees. GAO noted that: (1) overall, the retirement provisions in the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS) for members are more beneficial than the provisions for other federal employee groups, sinc...
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...
Federal Retirement: Retirement Data for Selected Agencies
GGD-86-123FS: Published: Aug 1, 1986. Publicly Released: Aug 1, 1986.
In response to a congressional request, GAO obtained information on the extent to which selected federal agencies' employees may be retiring to avoid the consequences of proposed legislation to change the taxation of annuities.GAO reviewed data from agencies with responsibilities for national security, public safety, space exploration, and basic research. GAO found that the number of voluntary ret...
Federal Retirement: Records Processing Is Better; Can Be Further Improved
GGD-86-47: Published: May 15, 1986. Publicly Released: May 15, 1986.
In response to a congressional request, GAO identified methods the Office of Personnel Management (OPM) could use to streamline the processing of civil service retirement documents and reduce the backlogs.GAO noted that OPM: (1) was not effectively using its automated equipment; and (2) did not assign and organize its personnel for maximum productivity. GAO found that OPM employees: (1) reviewed e...
S. 2197, Optional Early Retirement Program for Federal Employees
129890: May 15, 1986
Testimony was given concerning early retirement for federal employees. GAO noted that S. 2197, a bill to establish temporary early retirement, would: (1) allow employees of a certain age with a specific number of service years to retire on immediate annuities; (2) reduce benefits by 2 percent for each year under age 55; (3) be available for a 6-month period ending December 31, 1986; (4) apply to a...
Summary of 1983 Federal Pension Plan Information
AFMD-85-69: Published: Sep 26, 1985. Publicly Released: Sep 26, 1985.
Pursuant to a congressional request, GAO reviewed the information contained in the federal pension plan reports filed with the Comptroller General.GAO found that: (1) the comparative data for plan years 1979 through 1983 showed that the plans covered 6 million active participants; (2) the net assets available for benefits totalled $115.8 billion; (3) the projections were highly dependent on the ac...
Computer Matches Identify Potential Unemployment Benefit Overpayments
GGD-83-99: Published: Aug 24, 1983. Publicly Released: Sep 19, 1983.
GAO was asked to determine whether retired Federal civilian and military personnel pensions are being deducted from State unemployment benefits as required by Federal and State law.Through computer matches, GAO identified 604 persons in the District of Columbia, Virginia, and Maryland who may have improperly received unemployment payments. Maryland officials advised GAO that none of the persons ma...