Retirees (11 - 20 of 22 items)
Federal Compensation: Effects of Proposed Retirement Changes on a Typical Federal Retiree
GGD-86-51FS: Published: Feb 27, 1986. Publicly Released: Feb 27, 1986.
Pursuant to a congressional request, GAO reviewed the effects of the fiscal year 1987 budget proposal which recommends changes to the civil service retirement benefits for a typical employee retiring at age 61 after 30 years of service.GAO found that: (1) the overall effect of the proposed benefit reductions would result in a loss of $112,000 over the lifetime of the typical retiree; (2) the propo...
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...
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...
Proposed Revisions to the Civil Service Retirement System
112099: Apr 16, 1980
Several bills are being considered which would make certain changes to the civil service retirement system. Concerns have been raised that benefits may be paid unnecessarily to many retirees. Legislation should be enacted to encourage retention of potentially productive employees, who are being retired on disability, by requiring agencies to retain such employees in vacant positions they are capab...
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...
Changes to the Federal Employees Group Life Insurance Program Are Needed
104863: Jan 31, 1978
Life insurance and other death benefit programs available to Federal employees and retirees were compared with similar programs provided to both public and private non-Federal personnel. Life insurance programs were found to be superior in the non-Federal sector. In general, however, survivors benefits under the civil service retirement system are superior to benefits in the non-Federal sector fro...
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...
Federal Retirement Systems: Unrecognized Costs, Inadequate Funding, Inconsistent Benefits
FPCD-77-48: Published: Aug 3, 1977. Publicly Released: Aug 3, 1977.
The cost and liabilities of federal retirement programs are much greater than recognized by current costing and funding procedures.In 1976, seven of the government's retirement systems paid over $15.6 billion to retirees and the survivors of deceased employees and retirees, an increase of $10 billion since 1970. The systems also reported liabilities exceeding $320 billion for which less than $44 b...