Funds management (101 - 110 of 136 items)
1980 Multiemployer Pension Amendments: Overview of Effects and Issues
HRD-86-4: Published: Feb 13, 1986. Publicly Released: Feb 13, 1986.
In response to a congressional request, GAO reported on: (1) changes in the Pension Plan Insurance Program's financial condition since the Multiemployer Pension Plan Amendments Act of 1980 (MPPAA) was enacted; (2) the act's initial effects on the program, plan participants, and contributing employers; and (3) possible effects of the act over the long term.GAO found that, at the time MPPAA was enac...
Redemption of Railroad Retirement Account Investments
HRD-86-53: Published: Dec 13, 1985. Publicly Released: Dec 23, 1985.
Pursuant to a congressional request, GAO reviewed the Department of the Treasury's unilateral sale of securities from the Railroad Retirement Account (RRA), specifically whether: (1) the sale of securities was legal without Railroad Retirement Board approval; and (2) the sale was in excess of what was required to make benefit payments.GAO noted that: (1) the Railroad Retirement Board is principall...
Treasury's Management of Social Security Trust Funds During the Debt Ceiling Crises
HRD-86-45: Published: Dec 5, 1985. Publicly Released: Dec 17, 1985.
In response to a congressional request, GAO gave its opinion on the legality and propriety of the Secretary of the Treasury's management of the social security trust funds during the October 1984, and September to November 1985, public debt ceiling crises.GAO found that: (1) although some of the Secretary's actions appeared to have been in violation of legislative requirements, the Secretary acted...
Proposals To Change the Military Retirement System
128624: Dec 5, 1985
GAO testified on the structure of the Department of Defense's (DOD) military retirement system, specifically: (1) the recent change to accrual accounting for retirement annuities; (2) DOD proposals to change the system; and (3) the accuracy of the estimated accrual savings that would result from enacting DOD proposals. GAO noted that: (1) unlike common private-sector practice, the receipt of socia...
Proposed Civil Service Supplemental Retirement System
128278: Oct 28, 1985
GAO presented its views on the proposed Civil Service Supplemental Retirement System, which combines social security, a defined benefit pension plan, and a thrift plan. This approach and the provisions of the thrift plan portion of the proposed program are consistent with prevailing provisions in the private sector; however, other aspects of the plan differ from private sector programs. GAO found...
The Department of Labor's Oversight of the Management of the Teamsters' Central States Pension and Health and Welfare Funds
HRD-85-73: Published: Jul 18, 1985. Publicly Released: Aug 19, 1985.
In response to a congressional request, GAO reviewed the Department of Labor's oversight of the management of the Teamsters' Central States, Southeast and Southwest Areas Pension and Health and Welfare Funds to determine: (1) the status of a civil suit which Labor initiated against the Pension Fund's former trustees and officials; (2) the administration of a consent decree entered into between Lab...
Premium Requirements of the Single Employer Pension Insurance Program
127200: Jun 19, 1985
Testimony was given on GAO views of the financial condition of the single employer pension insurance program and a presidential budget request that the current rate for each participant be increased to $7.50 retroactive to January 1, 1985. The Pension Benefit Guaranty Corporation (PBGC) administers the self-financing program which finances insurance claims for guaranteed benefits not funded by spo...
The 1980 Multiemployer Pension Plan Amendments Act: An Assessment of Funding Requirement Changes
HRD-85-1: Published: Feb 27, 1985. Publicly Released: Feb 27, 1985.
GAO reported on the effect of the Multiemployer Pension Plan Amendments Act of 1980 on employers, participants, and others, and it assessed the effect of the act's changes in multiemployer plan funding requirements.GAO found that 14 of 149 plans it examined were financially distressed and could pose a risk to the government's insurance program amounting to billions of dollars. The act's provisions...
Adjudication of Black Lung Claims by Labor's Office of Administrative Law Judges and Benefits Review Board
HRD-85-19: Published: Oct 26, 1984. Publicly Released: Nov 9, 1984.
In response to a congressional request, GAO reviewed: (1) the growth in the backlogs of black lung program cases; (2) the Department of Labor's proposals to reduce these backlogs; (3) the length of time it takes to dispose of appealed cases, (4) the costs of adjudicating these cases; and (5) estimates on the length of time to reduce these new backlogs.As of September 30, 1984, the Office of Admini...
The Department of Labor's Handling of the Investigation and Litigation of Alleged Abuses of the Southern Nevada Culinary Workers and Bartenders Pension Trust Fund
HRD-84-60: Published: Sep 28, 1984. Publicly Released: Nov 5, 1984.
Pursuant to a congressional request, GAO examined the Department of Labor's handling of the investigation and litigation of alleged abuses of the Southern Nevada Culinary Workers and Bartenders Pension Trust Fund which resulted in one of the major lawsuits brought to date under the Employment Retirement Security Act (ERISA).GAO found that, under its ERISA responsibilities, Labor investigated certa...