Retirement benefits (31 - 38 of 38 items)
Retirement and Unemployment Insurance Programs of the Railroad Retirement Board
121261: May 3, 1983
Testimony was given concerning proposed legislation that would improve the financial condition of the railroad retirement and unemployment programs. GAO also described how the system operates and how it is tied to social security and discussed past GAO proposals to improve the railroad retirement program's financial condition. The railroad retirement program involves benefits similar to those avai...
The Results of Initial Review of the Financial and Actuarial Statements Submitted Pursuant to Public Law 95-595
AFMD-82-67: Published: May 21, 1982. Publicly Released: May 21, 1982.
GAO reviewed the Department of Defense (DOD) fiscal year 1980 financial and actuarial statements relating to the military retirement system, a noncontributory, pay-as-you-go, and unfunded system that pays benefits to retired military personnel and certain retirees' survivors.Because the military retirement system is unfunded, DOD contended that a required financial statement and other information...
Cost of Increased Retirement Benefits for Panama Canal Employees
FPCD-81-42: Published: May 6, 1981. Publicly Released: May 28, 1981.
GAO was asked to provide information on the appropriateness of the Office of Personnel Management (OPM) cost determination as related to the increased retirement benefits granted to Panama Canal employees by legislation implementing the Panama Canal Treaty. In a previous report, GAO expressed concern that, unless OPM charged the Panama Canal Commission on a basis which considered future pay and co...
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...
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...
Public Pension Issues
094339: Sep 23, 1979
No summary is currently available...
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...