Retirement income (21 - 25 of 25 items)
Social Security: Individual Accounts as an Element of Long-Term Financing Reform
T-HEHS-99-86: Published: Mar 16, 1999. Publicly Released: Mar 16, 1999.
Pursuant to a congressional request, GAO discussed how best to ensure the long-term viability of the nation's social security program.GAO noted that: (1) social security forms the foundation of the nation's retirement income structure, and in so doing, provides critical benefits to millions of Americans; (2) yet, problems facing this program pose significant policy challenges that need to be addre...
Insurance Company Failures Threaten Retirement Income
T-HRD-91-41: Published: Jun 27, 1991. Publicly Released: Jun 27, 1991.
GAO discussed the impact of insurance company failures on pension plan incomes, focusing on what happens when pension plans purchase insurance annuities and invest funds through insurance companies. GAO noted that: (1) pension plans have purchased annuities for 3 million to 4 million retirees and have invested about a third of all pension assets with insurance companies; (2) between January 1975 a...
Allocation of an Air Force Contractor's Pension Fund Assets May Be Inequitable
HRD-81-152: Published: Sep 23, 1981. Publicly Released: Sep 23, 1981.
The Air Force has contracted for services at the Eastern Test Range, Cape Canaveral, with Pan American World Airways for over 25 years. Pan American provided pension benefits for its employees through its Cooperative Retirement Income Plan and is reimbursed by the Government for contributions to the plan for employees working on the Eastern Test Range contract.During a review of contractors' compl...
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...
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...