Financial management (91 - 100 of 126 items)
Vesting Status of Selected Participants in Top-Heavy Pension Plans
T-HRD-88-3: Published: Oct 23, 1987. Publicly Released: Oct 23, 1987.
Pursuant to a congressional request, GAO discussed the effect of replacing 1982 "top-heavy" pension plan vesting rules with those of the Tax Reform Act of 1986. After comparing the vesting status of 859 active participants in 128 top-heavy small-business pension plans, GAO noted that, if the plans had used the 1986 graded vesting schedule: (1) the proportion of nonvested women would have increased...
Financial Audit: Military Retirement System's Financial Statements for Fiscal Year 1985
AFMD-87-35: Published: Sep 30, 1987. Publicly Released: Sep 30, 1987.
Pursuant to a congressional request, GAO audited the financial statements of the U.S. Military Retirement System for fiscal year 1985.GAO found that, except for an understatement and a lack of disclosure of about $75 million in accounts payable, the financial statements presented fairly the System's financial position for the fiscal year then ended, and the results of its operations, in conformity...
Department of Labor: Assessment of Management Improvement Efforts
HRD-87-27: Published: Dec 31, 1986. Publicly Released: Dec 31, 1986.
GAO commented on the Department of Labor's responses to its recommendations to: (1) strengthen secretarial direction; (2) correct long-standing problems; (3) obtain better information on program operations; (4) enhance work-force quality and efficiency; and (5) operate in a more business-like manner.GAO noted that: (1) the Secretary of Labor established departmentwide goals and the Secretary's Man...
Pensions: Plans With Unfunded Benefits
HRD-87-15BR: Published: Oct 22, 1986. Publicly Released: Oct 22, 1986.
In response to a congressional request, GAO provided information on: (1) the extent to which single-employer defined-benefit pension plans are underfunded; and (2) the effect that underfunded plan terminations have had on the government insurance program's financial viability.GAO found that: (1) 3,351 of the 14,581 plans were underfunded by about $21 billion, while the other plans had assets that...
Functional Regulation: An Analysis of Two Types of Pooled Investment Funds
GGD-86-63: Published: May 12, 1986. Publicly Released: May 12, 1986.
GAO examined the implications and considerations associated with subjecting similar financial products and services to similar regulatory treatment, specifically mutual funds and bank-sponsored collective investment funds. This would allegedly result in eliminating the competitive advantage in the marketplace that one type of fund may have over the other. GAO developed two scenarios that could lea...
Civil Service Retirement System's Financial Statements for 1984
AFMD-86-12: Published: Apr 2, 1986. Publicly Released: Apr 2, 1986.
GAO examined the statement of accumulated plan benefits and net assets available for benefits of the Civil Service Retirement System as of September 30, 1984, and the related statements of changes in net assets available for benefits and of changes in actuarial present value of accumulated plan benefits for the year then ended.GAO found that the retirement system complied with the terms and provis...
Initial Results of a Survey on Employee Stock Ownership Plans and Information on Related Economic Trends
PEMD-85-11: Published: Sep 30, 1985. Publicly Released: Sep 30, 1985.
In response to a congressional request, GAO reported on a study it is conducting to determine whether the employee stock ownership plans (ESOP) program is meeting its goals of: (1) broadening ownership of corporate stock; (2) providing more funds for capital formation; and (3) improving the performance of sponsoring corporations.GAO found that: (1) the percentage of families owning stock increased...
Financial Conditions of Multiemployer Pension Plans Generally Improved From 1978 to 1980
HRD-85-72: Published: Jul 29, 1985. Publicly Released: Jul 29, 1985.
Pursuant to a congressional request, GAO studied the effects of the Multiemployer Pension Plan Amendments Act of 1980 and its provisions, including: (1) characteristics of the plan participants; (2) the plan's financial characteristics; and (3) indicators of the plan's financial condition.GAO collected comparable multiyear data on a sample of multiemployer plans and issued a series of reports on t...
Interim Report on the Department of Labor's Management of the ERISA Enforcement Program
HRD-85-82: Published: Jun 24, 1985. Publicly Released: Jul 5, 1985.
In response to a congressional request, GAO provided information on its ongoing review of the Department of Labor's management of the Employee Retirement Income Security Act (ERISA) enforcement program.The Office of Pension and Welfare Benefit Programs (OPWBP) is responsible for enforcing ERISA reporting, disclosure, and fiduciary provisions. In 1984, OPWBP reported closing 2,454 cases, and $93 mi...
Assessment of How the Department of Labor's Solicitor's Office Handles Pension and Welfare Benefit Cases
HRD-85-6: Published: Nov 6, 1984. Publicly Released: Dec 8, 1984.
In response to a congressional request, GAO reviewed the Department of Labor's Office of the Solicitor's handling of employee pension and welfare benefit cases involving alleged violations of the Employee Retirement Income Security Act (ERISA).The Solicitor's Office provides legal analyses of cases of alleged ERISA reporting, disclosure, and fiduciary provisions violations and provides advice on w...