Pensions (61 - 70 of 82 items)
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...
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...
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...
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...
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...
Concerns About Controlling Union Employees' Benefit Funds by the Carpenters Collection Agency, Youngstown, OH
HRD-83-8: Published: Nov 12, 1982. Publicly Released: Nov 22, 1982.
GAO was asked to examine: (1) the legality and functions of the Carpenters Central Collection and Administrative Agency (CCA), a nonprofit Ohio corporation that collects fringe benefit contributions from building trade employees; and (2) the timeliness and effectiveness of the Department of Labor's investigation and reporting of CCA activities.GAO found that Labor did not take aggressive action to...
Disclaimer of Opinion on the Financial Statements of the Pension Benefit Guaranty Corporation for FY 1980
AFMD-82-42: Published: Jun 23, 1982. Publicly Released: Jun 23, 1982.
GAO examined the combined statement of the financial condition of the Pension Benefit Guaranty Corporation (PBGC) as of September 30, 1980, the related combined statements of operations and changes in the deficiency in net assets, and the changes in financial condition for the year then ended.GAO found material accounting and estimating problems, internal control weaknesses, and major uncertaintie...