Retirement benefits (1 - 10 of 48 items)
Capitol Police: Retirement Benefits, Pay, Duties, and Attrition Compared to Other Federal Police Forces
GAO-12-58: Published: Jan 24, 2012. Publicly Released: Jan 25, 2012.
USCP generally has enhanced retirement benefits, a higher minimum starting salary, and a wider variety of protective duties than other federal police forces in the DC metro area that GAO reviewed, but has similar employment requirements. Even though USCP, Park Police, Supreme Court Police, and Secret Service Uniformed Division are federal police forces, they provide enhanced retirement benefits si...
Department of State Overseas Comparability Pay
GAO-11-772R: Published: Jun 30, 2011. Publicly Released: Jun 30, 2011.
The Federal Employees Pay Comparability Act (FEPCA) of 1990 established locality pay to achieve pay comparability between federal and nonfederal jobs within the United States. Because FEPCA established pay localities only for areas within the United States, federal employees permanently stationed overseas, including members of the Foreign Service, did not receive locality pay. As the Washington, D...
Federal Workers' Compensation: Issues Associated With Changing Benefits for Older Beneficiaries
GAO-11-655T: Published: May 12, 2011. Publicly Released: May 12, 2011.
This testimony discusses issues related to possible changes to the Federal Employees' Compensation Act (FECA) program, a topic that we have reported on in the past. At the end of chargeback year 2010, the FECA program, administered by the Department of Labor (Labor) paid more than $1.88 billion in wage-loss compensation, impairment, and death benefits, and another $898.1 million for medical and re...
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: Retirement Modernization Planning and Management Shortcomings Need to Be Addressed
GAO-09-529: Published: Apr 21, 2009. Publicly Released: Apr 21, 2009.
For the past two decades, the Office of Personnel Management (OPM) has been working to modernize the paper-intensive processes and antiquated systems used to support the retirement of federal employees. By moving to an automated system, OPM intends to improve the program's efficiency and effectiveness. In January 2008, GAO recommended that the agency address risks to successful system deployment....
Social Security Administration Field Offices: Reduced Workforce Faces Challenges as Baby Boomers Retire
GAO-08-737T: Published: May 8, 2008. Publicly Released: May 8, 2008.
Millions of people rely on the services of Social Security Administration (SSA) field offices. In fiscal year 2007, SSA's approximately 1,300 field offices provided service to about 42 million customers. People use these offices to apply for Social Security cards, apply for retirement and disability benefits, establish direct deposit, and a host of other services. While customers may conduct their...
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: Many Responsibilities and Investment Policies Set by Congress
GAO-07-611: Published: Jun 21, 2007. Publicly Released: Jul 23, 2007.
The Thrift Savings Plan (TSP), a retirement savings and investment plan for federal workers, held approximately $210 billion in retirement assets for 3.7 million participants, as of February 2007. TSP is managed by the Federal Retirement Thrift Investment Board (FRTIB). In light of questions about TSP oversight, we examined (1) the current structure for overseeing FRTIB, (2) how the statutorily de...
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 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...