Funds management (51 - 60 of 136 items)
Combined Fund Analysis
HEHS-95-230R: Published: Aug 7, 1995. Publicly Released: Sep 6, 1995.
Pursuant to a congressional request, GAO reviewed two studies of the United Mine Workers of America (UMWA) Combined Benefit Fund. GAO noted that: (1) the consultants' models projected widely differing financial results for the UMWA Combined Benefit Fund; (2) the models' expense estimates for 1995 differed by about $16 million; (3) one of the models underestimated the UMWA fund's 1995 net expenses...
AIMD-95-225R: Published: Aug 24, 1995. Publicly Released: Aug 24, 1995.
GAO reviewed the Pension Benefit Guaranty Corporation's (PBGC) accounting procedures and internal controls that warranted management's attention as of September 30, 1994. GAO noted that PBGC: (1) used evidence about significant transactions that occurred after year-end in assessing its year-end contingent liabilities; (2) misclassified several pension plans based on their prior year classification...
Medicaid: Spending Pressures Drive States Toward Program Reinvention
HEHS-95-122: Published: Apr 4, 1995. Publicly Released: Apr 4, 1995.
Pursuant to a congressional request, GAO reviewed federal and state Medicaid spending trends, focusing on: (1) states' efforts to contain Medicaid costs and expand coverage through waivers of certain federal requirements; and (2) the potential impact of these waivers on federal spending and on Medicaid's overall program structure.GAO found that: (1) Medicaid accounts for about 6 percent of all fed...
GGD-95-200R: Published: Apr 3, 1995. Publicly Released: Apr 3, 1995.
Pursuant to a congressional request, GAO reviewed information on the funding status of the Civil Service Retirement System. GAO noted that: (1) the system's unfunded liability is not a problem that needs to be fixed to avoid a steep increase in outlays from the Treasury or increases in the deficit; and (2) there should be sufficient assets in the retirement fund to cover benefit payments to all cu...
D.C. Disability Retirement Rate
GGD-95-133: Published: Mar 31, 1995. Publicly Released: Mar 31, 1995.
Pursuant to a legislative requirement, GAO commented on the computed disability retirement rate for District of Columbia police officers and fire fighters.GAO found that: (1) 11 police officers hired before February 15, 1980, retired on disability in 1994; (2) the enrolled actuary determined that the disability retirement rate should be 0.554 percent; (3) the rate determination complied, in all ma...
Financial Audit: Pension Benefit Guaranty Corporation's 1994 and 1993 Financial Statements
AIMD-95-83: Published: Mar 8, 1995. Publicly Released: Mar 8, 1995.
Pursuant to a legislative requirement, GAO audited the Pension Benefit Guaranty Corporation's (PBGC) Single-Employer Fund and Multiemployer Fund for the fiscal years ended September 30, 1994 and 1993 and evaluated PBGC internal controls and compliance with laws and regulations.GAO found that: (1) PBGC financial statements were reliable in all material aspects; (2) weaknesses in PBGC internal contr...
District Pensions: Federal Options for Sharing Burden to Finance Unfunded Liability
HEHS-95-40: Published: Dec 28, 1994. Publicly Released: Jan 12, 1995.
Pursuant to a congressional request, GAO reviewed the District of Columbia's pension plans for certain employees, focusing on: (1) the history and status of the plans' unfunded pension liability and the number of plan participants prior to Home Rule; (2) a comparison of the plans' unfunded liability with other state and local plans; and (3) the District's funding formula under the proposed legisla...
Private Pensions: Funding Rule Change Needed to Reduce PBGC's Multibillion Dollar Exposure
HEHS-95-5: Published: Oct 5, 1994. Publicly Released: Oct 5, 1994.
Pursuant to a congressional request, GAO reviewed the underfunding problems of the Pension Benefit Guaranty Corporation (PBGC), focusing on the: (1) efficacy of Pension Protection Act (PPA) provisions in reducing underfunding; and (2) potential impact of the proposed Pension Funding Improvement Act (PFIA) of 1993 and Retirement Protection Act (RPA) of 1993 on improving plan funding.GAO found that:...
Pension Plans: Stronger Labor ERISA Enforcement Should Better Protect Plan Participants
HEHS-94-157: Published: Aug 8, 1994. Publicly Released: Aug 8, 1994.
GAO reviewed the Department of Labor's (DOL) enforcement of the Employee Retirement Income Security Act, focusing on the DOL: (1) enforcement strategy; (2) methodology for targeting pension and welfare plans for investigation; and (3) use of penalties to increase compliance.GAO found that: (1) DOL could strengthen its enforcement program by maximizing the use of its investigative resources and inc...
D.C. Pensions: Plans Consuming Growing Share of District Budget
T-HEHS-94-192: Published: Jun 14, 1994. Publicly Released: Jun 14, 1994.
GAO discussed the District of Columbia's unfunded pension plan liability and proposed reform legislation. GAO noted that: (1) the District's required pension plan contribution could increase to about 15 percent of its total revenues by 2005 and will constitute 70 percent of its payroll for police officers, firefighters, teachers, and judges by 2004; (2) the District's unfunded liability increased...