Financial management (121 - 126 of 126 items)
Review of Records Management Practices for Reports Required To Be Filed Under the Employee Retirement Income Security Act of 1974
HRD-78-27: Published: Dec 29, 1977. Publicly Released: Dec 29, 1977.
At the request of the U.S. Senate, the records management practices of the Department of Labor were reviewed as they related to financial and other reports required to be filed by labor-management welfare and pension plans. The Employee Retirement Income Security Act of 1974 (ERISA) requires pension and welfare benefit plan administrators to report and disclose extensive information about pension...
Senate Resolution 244, A Proposed Study of Major Federal Retirement Systems, and Three Bills Amending Title 5 of the United States Code
104069: Oct 28, 1977
Senate Resolution 244 (95th Congress) calls for a study of the major Federal retirement systems to determine the extent of the present and future unfunded liability of each system, the method of financing each system, and the actions necessary to be taken to insure the solvency of each system. The study is to be made by the Secretary of the Treasury, and a report, including recommendations for leg...
Review of Civil Service Commission's Accounts Receivable
FGMSD-77-41: Published: Sep 15, 1977. Publicly Released: Sep 15, 1977.
A review of the Civil Service Commission's (CSC) accounting system for accounts receivable from the public showed that accounting and reporting practices were, for the most part, effective and in accordance with the approved accounting system, but several shortcomings were found.Accounts receivable from the public as of September 30, 1976, were understated by $7,264,134 because a refund was miscla...
Status, Progress, and Problems in Federal Agency Accounting During 15 Months Ended September 30, 1976
FGMSD-77-21: Published: Aug 24, 1977. Publicly Released: Aug 24, 1977.
During the 15 month period which ended September 30, 1976, the Comptroller General approved the designs of 32 executive agency accounting systems. Principles and standards have been approved for 98 percent of the 338 accounting systems which are subject to approval. Fifty-two percent of the system designs have now been approved.The Departments of Labor, the Treasury, Commerce, and Transportation h...
Federal Retirement Systems: Unrecognized Costs, Inadequate Funding, Inconsistent Benefits
FPCD-77-48: Published: Aug 3, 1977. Publicly Released: Aug 3, 1977.
The cost and liabilities of federal retirement programs are much greater than recognized by current costing and funding procedures.In 1976, seven of the government's retirement systems paid over $15.6 billion to retirees and the survivors of deceased employees and retirees, an increase of $10 billion since 1970. The systems also reported liabilities exceeding $320 billion for which less than $44 b...
The Investment Decisionmaking Process in Two Tennessee Public Employee Retirement Plans
HRD-77-28: Published: Dec 29, 1976. Publicly Released: Dec 29, 1976.
Case studies on the Tennessee Consolidated Retirement System (TCRS) and the Metropolitan Employee Benefit System (MEBS) of Nashville and Davidson County, Tennessee, give details of the framework for managing investments, investment experience, and detailed financial statements. Information on the decisionmaking process was gathered from summary data and interviews with cognizant officials. In 1972...