Pensions (21 - 30 of 36 items)
A Consumer Price Index for Retirees and Alternatives for Controlling Indexing
118138: Apr 20, 1982
It has been suggested that a separate price index, constructed for retirees and used in lieu of the existing Consumer Price Index (CPI) as the basis for adjusting benefits under various Federal retirement programs, would be more equitable for retirees. GAO constructed such an alternative CPI, reweighting the expenditure and geographic data to reflect the consumption patterns and geographic distrib...
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...
Apportioning Retirement Benefits to Former Spouses of Federal Employees
FPCD-80-56: Published: Jul 28, 1980. Publicly Released: Aug 27, 1980.
In an examination of the economic protection provided to widows or widowers and divorced spouses of Federal employees, GAO evaluated the equity of the current law, its administration by the Office of Personnel Management (OPM), and some possible alternative methods of providing retirement income to former spouses. The law requires OPM to comply with State court orders or decrees that divide civil...
Public Pension Issues
094339: Sep 23, 1979
No summary is currently available...
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...
H.R. 9701, a Bill To Require That Federal Pension Plans File Annual Financial and Actuarial Reports
106518: Jul 24, 1978
The purpose of H.R. 9701 is to achieve full, uniform disclosure of the financial condition of federal pension plans. At present, there is no overall policy for guidance in establishing, financing, or amending federal retirement systems. The systems' funding requirements vary and in most cases are less stringent than those imposed on private pension plans. Some systems provide for fully funding ben...
Federal and District of Columbia Employees Need To Be in Separate Pay and Benefit Systems
FPCD-77-71: Published: Jan 12, 1978. Publicly Released: Jan 12, 1978.
The pay and fringe benefits of Federal and District of Columbia employees are interrelated. Most District employees are covered by Federal pay and retirement systems, and some Federal law enforcement personnel participate in the District's pay and retirement systems for its police and firemen.Each Government should control the nature, level, and costs of its employees' compensation. The Federal la...
Cost-of-Living Adjustments for New Federal Retirees: More Rational and Less Costly Processes Are Needed
FPCD-78-2: Published: Nov 17, 1977. Publicly Released: Nov 17, 1977.
To protect the purchasing power of retirement income, the annuities of Federal employees under the various retirement systems are automatically adjusted each March 1 and September 1 for the increase in the consumer price index during the preceding 6-month period ending December 31 and June 30, respectively. Since, by law, cost-of-living adjustments are applicable to all annuities payable on the ef...
Senate Resolution 244, A Proposed Study of Major Federal Retirement Systems, and Three Bills Amending Title 5 of the United States Code
104069: Oct 28, 1977
Senate Resolution 244 (95th Congress) calls for a study of the major Federal retirement systems to determine the extent of the present and future unfunded liability of each system, the method of financing each system, and the actions necessary to be taken to insure the solvency of each system. The study is to be made by the Secretary of the Treasury, and a report, including recommendations for leg...