Financial management (111 - 120 of 126 items)
Keeping the Railroad Retirement Program on Track--Government and Railroads Should Clarify Roles and Responsibilities
HRD-81-27: Published: Mar 9, 1981. Publicly Released: Apr 10, 1981.
The railroad retirement program is the only federally administered pension plan for a private industry. Funds to finance the program consist of taxes paid by railroad workers and employers, transfers from social security trust funds, and general revenue appropriations from the Federal Government. A review was performed of the Federal role in providing financial assistance to the program and the al...
Request for Reconsideration of Liability
B-199790: Published: Mar 26, 1981. Publicly Released: Mar 26, 1981.
No summary is currently available...
Development and Administration of Pension Policies
113754: Nov 14, 1980
Federal retirement programs have not received the management attention they deserve, in view of their importance and tremendous costs. The systems have evolved without overall policy guidance. The programs have developed on an independent, piecemeal basis, resulting in a patchwork of systems providing inconsistent and different benefits to various groups of employees. An overall, coherent, coordin...
Funding of State and Local Government Pension Plans
113767: Nov 14, 1980
State and local government pension plans will not be able to meet obligations from current income if current benefit and financing provisions are continued. The few fully funded plans should remain in good shape, but the numerous poorly funded plans can expect financial difficulty in this century. The plans are generally prepared in accordance with recognized actuarial procedures. Of the 72 State...
Social Security Administration's Beneficiary Rehabilitation Program
HRD-81-22: Published: Nov 10, 1980. Publicly Released: Nov 10, 1980.
GAO reviewed the Beneficiary Rehabilitation Program (BRP) of the Social Security Administration (SSA). The primary purpose of BRP is to provide savings to the trust funds by returning as many disabled beneficiaries as possible to the work force, thereby terminating their social security disability benefits. GAO focused on the question of whether available data could be used to determine the progra...
Cost-of-Living Increases for Federal Civilian and Military Retirees
B-130150: Published: Jul 1, 1980. Publicly Released: Jul 1, 1980.
GAO has long been concerned about the equity and costs of the Government's policy of full, automatic cost-of-living increases for Federal civilian and military retirees. GAO was pleased to see that the First Concurrent Budget Resolution for fiscal year 1981 assumed enactment of its recommendations to Congress to provide retirement cost-of-living adjustments annually and prorate the initial adjustm...
Public Pension Issues
094339: Sep 23, 1979
No summary is currently available...
Examination of Financial Statements of the Pension Benefit Guaranty Corporation for the Fiscal Year Ended September 30, 1977
HRD-79-44: Published: May 3, 1979. Publicly Released: May 3, 1979.
The financial statements of the Pension Benefit Guaranty Corporation (PBGC) were examined for the fiscal year (FY) ending September 30, 1977. PBGC administers the insurance programs that guarantee certain benefits will be paid to participants of defined benefit pension plans in the event the plans terminate without sufficient assets to provide benefits.GAO could not verify that PBGC financial stat...
Are Pension Beneficiaries Harmed by Large Bank Trust Department Sales of Large Common Stock Positions? The Evidence
PAD-78-75: Published: Oct 19, 1978. Publicly Released: Oct 19, 1978.
A study was conducted to provide a comparative analysis of the time taken to sell out large common stock positions by large and small bank trust departments. It was suggested that, because large institutions hold large positions in certain securities, when they eliminate one of these positions, selling should be spread over longer periods to avoid or reduce destabilizing impacts on that stock's pr...