Funds management (121 - 130 of 136 items)
Audit of Report of the U.S. Army Nonappropriated Fund Employee Retirement Plan for Fiscal 1980
AFMD-82-65: Published: Jun 29, 1982. Publicly Released: Jun 29, 1982.
GAO examined the statement of financial position of the U.S. Army Nonappropriated Fund Employee Retirement Plan as of September 30, 1980. The evaluation included the related statements of changes in net assets available for benefits and in the present value of accumulated plan benefits for the year then ended.GAO found the following omissions which needed correction: (1) neither the accounting and...
The Government's Investigation of the International Brotherhood of Teamsters' Pension Funds
116761: Oct 28, 1981
In 1978, GAO undertook a comprehensive review of the adequacy and effectiveness of the Department of Labor's investigation of the International Brotherhood of Teamsters' Central States, Southeast, and Southwest areas Pension Fund, including its coordination with the Internal Revenue Service (IRS) and the Department of Justice. Despite apparent benefits, Labor's investigation and subsequent Labor-I...
Equity and Effectiveness of AAFES Personnel Policies: Issues and Concerns
FPCD-81-53: Published: Jul 1, 1981. Publicly Released: Jul 1, 1981.
GAO reviewed certain Army and Air Force Exchange Service (AAFES) personnel policies and procedures applicable to Universal Annual (UA) employees to identify ways in which AAFES can more equitably or effectively manage its UA work force.Several areas were noted where increased management attention could benefit AAFES and could provide more effective use of nonappropriated funds. GAO specifically id...
Funding of State and Local Government Pension Plans and Need for Congress To Closely Monitor Such Plans
113434: Sep 30, 1980
State and local government pension plans will not be able to meet obligations from current income if current benefit and financing provisions are continued. The few fully funded plans should remain in good shape, but the numerous poorly funded plans can expect financial difficulty in this century. The plans are generally prepared in accordance with recognized actuarial procedures. Of the 72 State...
Government's Investigation of the International Brotherhood of Teamsters' Central States, Southeast and Southwest Areas Pension Fund
113126: Aug 25, 1980
GAO reviewed the government's investigation of the International Brotherhood of Teamsters' Central States, Southeast and Southwest Areas Pension Fund. The Fund's trustees have been subject of controversy and allegations of misusing and abusing the Fund's assets. Allegations included charges that individuals linked to organized crime had connections with the Fund and questionable loans had been mad...
Delays in Investing Employee Withholdings and Government Contributions to the Retirement, Life Insurance, and Health Insurance Trust Funds
FGMSD-80-79: Published: Aug 21, 1980. Publicly Released: Aug 21, 1980.
GAO was asked to review allegations made in an article in a periodical of poor accounting controls over checks from Federal agencies to the Office of Personnel Management (OPM) for deposit in trust funds that OPM manages, primarily for the benefit of Federal employees. The article alleged that the deficient controls related to checks transmitting employee withholdings and agency contributions for...
Inquiry into Department of Labor's Investigation of the Teamsters' Central States, Southeast and Southwest Areas Pension Fund
B-199238: Published: Aug 14, 1980. Publicly Released: Aug 14, 1980.
No summary is currently available...
Funding of State and Local Government Pension Plans
112161: Apr 21, 1980
Congress has long been concerned about the condition of State and local government pension plans. Almost all public pension plans have unfunded accrued liabilities and will continue to have such liabilities for many years. To investigate the potential financial impact of pension funding reform, the funding of 72 pension plans administered by 8 States and 26 local governments within those States we...
Summaries of Conclusions and Recommendations on Department of Defense Operations
OISS-80-1: Published: Jan 21, 1980. Publicly Released: Jan 21, 1980.
A summary is provided of conclusions and recommendations resulting from GAO audits and other review work in the Department of Defense. While the reports have previously brought the matters to the attention of Congress and departmental officials, the summary was compiled to assist congressional committees in their review of budget requests for fiscal year 1981.Reports concerning national defense ar...