Retirement benefits (41 - 48 of 48 items)
Private Pensions: Plan Provisions Differ Between Large and Small Employers
HRD-89-105BR: Published: Sep 26, 1989. Publicly Released: Sep 26, 1989.
Pursuant to a legislative requirement, GAO studied private pension plans, focusing on the: (1) differing pension plan options that employers chose within the limits of the law in 1985; and (2) effects of Tax Reform Act of 1986 rule changes on plans and participants.GAO found that: (1) four out of five pension plans used some combination of age and service to determine worker eligibility for plan p...
Federal Workforce: Effects of Public Pension Offset on Social Security Benefits of Federal Retirees
GGD-88-73: Published: Apr 27, 1988. Publicly Released: Apr 27, 1988.
Pursuant to a congressional request, GAO examined the impact of the Social Security Act's public pension offset provisions on federal retirees.GAO found that, of 104,608 federal, state, and local government retirees with benefits subject to the offset provision: (1) 74 percent were men; (2) 92 percent had their spousal or survivor benefits totally offset; and (3) 69,061 were federal retirees, of w...
Social Security Funds: Additional Measures Could More Fully Indicate the System's Financial Condition
PEMD-88-11: Published: Feb 5, 1988. Publicly Released: Feb 5, 1988.
GAO developed actuarial measures that the Social Security Administration (SSA) could use to document the financial condition of the combined Old-Age Survivors and Disability Insurance (OASDI) Trust Fund.GAO found that: (1) the 1987 SSA trustees' report to Congress indicated that the OASDI Trust Fund was in close actuarial balance, since expenditures were within 5 percent of income averaged over th...
Revising Social Security Benefit Formula Which Favors Short-Term Workers Could Save Billions
HRD-81-53: Published: Apr 14, 1981. Publicly Released: Apr 14, 1981.
Short-term workers have contributed a relatively small amount of social security tax because they have had little work in covered employment. However, they receive a higher return on their contribution than the average wage earner because of the benefit formula used to attain the program's social adequacy objectives. This advantage is created by spreading the worker's covered earnings over a lifet...
Funding of State and Local Government Pension Plans: A National Problem
HRD-79-66: Published: Aug 30, 1979. Publicly Released: Aug 30, 1979.
Congress is considering establishing federal standards for state and local government pension plans similar to those imposed on private plans by the Employee Retirement Income Security Act of 1974. The act generally provides that the minimum standard for pension funding by private employers be an annual contribution for normal costs plus the amount needed to amortize current unfunded liabilities i...
Federal Retirement Issues
109874: Jul 12, 1979
A review of Federal retirement issues covered the following areas: need for a Federal retirement policy, costing and funding practices, disability retirement, and cost-of-living adjustments. There are 38 retirement systems maintained for various groups of personnel by Federal agencies and instrumentalities; consequently, there is a need to establish an overall, coordinated Federal retirement syste...
Railroad Retirement Program--How Does It Compare to Other Selected Retirement Programs?
HRD-79-41: Published: Jun 8, 1979. Publicly Released: Jun 8, 1979.
The railroad retirement program's eligibility requirements, benefits, and financing were compared with the social security, civil service retirement, military retirement, and veterans pension programs. Comparative information was requested that could be used in making decisions as to the need for changing the benefits or structure of the railroad retirement program.Since much of the data for fisca...
Need for Recognition of the Full Cost of Retirement Benefits for Federal Work Force
FPCD-79-49: Published: Apr 11, 1979. Publicly Released: Apr 11, 1979.
The Senate adopted a resolution requiring the Secretary of the Treasury to conduct a complete study of certain Federal and District of Columbia retirement programs to determine their financing methods, the extent of their unfunded liabilities, and any actions necessary to insure their solvency. A series of reports on Federal retirement matters have been issued since 1974. Congress is not being pro...