Financial management (81 - 90 of 126 items)
Private Pensions: Risks to Retirees Posed by Insurance Company Failures
T-HRD-91-23: Published: Apr 30, 1991. Publicly Released: Apr 30, 1991.
GAO discussed: (1) risks pensioners faced when their defined benefit plans purchased insurance annuities that are not federally insured; (2) how insurance industry problems affected participants in defined contribution plans; and (3) issues associated with extending federal guarantees to insurance annuitants. GAO noted that: (1) defined benefit plan pensioners whose plans purchased insurance annui...
Private Pensions: Millions of Workers Lose Federal Benefit Protection at Retirement
HRD-91-79: Published: Apr 25, 1991. Publicly Released: Apr 25, 1991.
Pursuant to a congressional request, GAO reviewed the protection available to retirees receiving benefits from insurance companies in case of insurance company failure, focusing on: (1) how many retirees received their benefits from insurance companies; (2) whether federal and state guarantees were available for those annuitants; and (3) recent financial difficulties in the insurance industry.GAO...
Mail Management: Improved Social Security Mail Management Could Reduce Postage Costs
GGD-91-34: Published: Feb 13, 1991. Publicly Released: Mar 18, 1991.
Pursuant to a congressional request, GAO reviewed the effectiveness of the Social Security Administration's (SSA) mail management program.GAO found that: (1) SSA initiated such mail cost reduction measures as presorting its beneficiary checks and some computer-generated mailings through the Department of the Treasury's Financial Management Service, private printing contractors, and presorting serv...
Pension Plans: Terminations, Asset Reversions, and Replacements Following Leveraged Buyouts
HRD-91-21: Published: Mar 4, 1991. Publicly Released: Mar 4, 1991.
Pursuant to a congressional request, GAO reviewed what happened to the 558 defined pension plans of 121 public companies acquired in leveraged buyouts (LBO).GAO found that: (1) 20 percent of the defined benefit plans sponsored by the companies were terminated after LBO; (2) the most common reasons for plan terminations included adopting a new plan and the sale of a plant or division; (3) 99 percen...
Cost Accounting: Department of Energy's Management of Contractor Pension and Health Benefit Costs
AFMD-90-13: Published: Aug 29, 1990. Publicly Released: Aug 29, 1990.
Pursuant to a congressional request, GAO reviewed Department of Energy (DOE) policies and practices regarding the reimbursement of contractors for the costs of their employees' pension and retiree health plans.GAO found that: (1) DOE allowed contractors to establish the amount of their contributions to employee plans, as long as the contributions fell within the minimum and maximum guidelines set...
Social Security: Status and Evaluation of Agency Management Improvement Initiatives
HRD-89-42: Published: Jul 24, 1989. Publicly Released: Jul 24, 1989.
GAO assessed the Social Security Administration's (SSA) progress in implementing GAO recommendations for improving SSA management, focusing on: (1) the status and effectiveness of SSA corrective actions; (2) the reasonableness, timeliness, and completeness of actions in progress; and (3) how SSA planned to sustain the actions and ensure their continued progress and effectiveness.GAO found that: (1...
Pension Plans: Effect of the 1987 Stock Market Decline on Selected Large Plans
HRD-88-128BR: Published: Sep 26, 1988. Publicly Released: Sep 26, 1988.
In response to a congressional request, GAO reviewed the effects of the October 1987 stock market decline on selected pension plans with large amounts of assets, specifically the: (1) relationship between the proportion of funds invested in stock and the changes in the plans' asset values; and (2) effect on defined-benefit and defined-contribution plans.GAO found that: (1) the combined asset value...
The Congressional Award Program
T-AFMD-88-15: Published: Jun 28, 1988. Publicly Released: Jun 28, 1988.
GAO discussed its review of the Congressional Award Program, which Congress established to promote youth initiative, achievement, and excellence through public service, personal development, and physical activities. GAO found that the program operated efficiently at the local council level, with annual increases in the number of councils, participating states, and awards. GAO also found that the C...
OP-4-OH: Published: Jun 1, 1988. Publicly Released: Jun 1, 1988.
GAO presented a transcript of a videotape interview of Arthur Schoenhaut, the Deputy Director of the Civil Accounting and Auditing Division from 1964 through 1967, as part of its program to record key government officials' observations and impressions and ensure a systematic recording of the bases for policy decisions and other important events for posterity...
Social Security: The Notch Issue
HRD-88-62: Published: Mar 24, 1988. Publicly Released: Mar 24, 1988.
Pursuant to a congressional request, GAO reviewed the disparity of social security benefits, known as the notch, between classes of recipients, resulting from the Social Security Amendments of 1977, specifically: (1) how the notch arose; (2) its effect on beneficiaries; (3) the financial implications of some proposed notch legislation; and (4) the socioeconomic characteristics of affected social s...