Funds management (41 - 50 of 136 items)
Social Security Reform: Analysis of Reform Models Developed by the President's Commission to Strengthen Social Security
GAO-03-310: Published: Jan 15, 2003. Publicly Released: Jan 15, 2003.
Social Security is an important social insurance program affecting virtually every American family. It represents a foundation of the nation's retirement income system and provides millions of Americans with disability insurance and survivors' benefits. Over the long term, as the baby boom generation retires, Social Security's financing shortfall presents a major solvency and sustainability challe...
Social Security: Actuarial Projections of the Trust Funds
AIMD-00-53R: Published: Jan 14, 2000. Publicly Released: Jan 14, 2000.
Pursuant to a congressional request, GAO reviewed the Pricewaterhouse Coopers (PwC) report on the actuarial projections for the trust funds of the Old Age, Survivors, and Disability Insurance programs, focusing on whether the Social Security Administration's (SSA) Board of Trustees': (1) 1999 long-range intermediate actuarial projections--their best estimates--as presented in the Trustees' 1999 re...
Pension Benefit Guaranty Corporation: Financial Condition Improving, but Long-Term Risks Remain
HEHS-99-5: Published: Oct 16, 1998. Publicly Released: Nov 16, 1998.
Pursuant to a congressional request, GAO reviewed the long-term financial viability of the pension insurance programs, focusing on: (1) the financial condition of the insurance programs and trends in the plans they insure; (2) the impact the Retirement Protection Act of 1994 has had on the financial condition of the Pension Benefit Guaranty Corporation (PBGC) and insured plans; (3) risks to PBGC's...
401(k) Pension Plans: Extent of Plans' Investments in Employer Securities and Real Property
HEHS-98-28: Published: Nov 28, 1997. Publicly Released: Dec 29, 1997.
Pursuant to a congressional request, GAO provided information on: (1) the extent to which 401(k) plan assets are invested in employer securities and real property; (2) the protection and any possible problems associated with the recent amendments to title I of the Employee Retirement Income Security Act of 1974 (ERISA); and (3) alternate mechanisms that might safeguard the retirement benefits of p...
Consultant's Review of the Social Security Administration's Cost Assignment Methodology
AIMD-98-3R: Published: Oct 1, 1997. Publicly Released: Oct 1, 1997.
GAO provided information on the performance of a study conducted by Price Waterhouse LLP of the Social Security Administration's (SSA) cost assignment methodology used to charge costs to the Medicare Trust Funds. GAO's review was not intended to enable it to express, and it does not express, an opinion on SSA's cost accounting system.GAO noted that: (1) Price Waterhouse reports that, although SSA'...
401(k) Pension Plans: Many Take Advantage of Opportunity to Ensure Adequate Retirement Income
HEHS-96-176: Published: Aug 2, 1996. Publicly Released: Aug 2, 1996.
Pursuant to a congressional request, GAO provided information on 401(k) pension plans, focusing on: (1) the proportion of workers covered by 401(k) pension plans; (2) workers' contributions to their 401(k) pension plans; and (3) how workers invest their pension account balances.GAO found that: (1) half of all workers and nearly two-thirds of workers nearing retirement age are covered by a pension...
District's Workforce: Annual Report Required by the District of Columbia Retirement Reform Act
GGD-96-95: Published: Mar 29, 1996. Publicly Released: Mar 29, 1996.
Pursuant to a legislative requirement, GAO commented on the disability retirement rate of District of Columbia police officers and firefighters.GAO found that: (1) the number of District police officers and firefighters hired before February 15, 1980, who retired on disability during 1995 represented 0.503 percent of all active duty police officers and firefighters hired before February 15, 1980;...
[Comments on Due Date and Amount of District of Columbia's Contributions to Special Employee Retirement Funds]
B-271304: Published: Mar 19, 1996. Publicly Released: Mar 19, 1996.
The District of Columbia Chief Financial Officer requested a decision on when the first and second quarter contributions to the Police Officers and Fire Fighters Retirement Fund, the Teachers Retirement Fund, and the Judges Retirement Fund are due and the amount of these contributions. GAO held that the: (1) District of Columbia's first and second quarter payments were due no later than October 31...
Public Pensions: Summary of Federal Pension Plan Data
AIMD-96-6: Published: Feb 16, 1996. Publicly Released: Mar 18, 1996.
Pursuant to a congressional request, GAO reviewed the status of public pension plan funding, focusing on federally sponsored defined benefit and contribution plans subject to reporting requirements legislation.GAO found that: (1) 34 federal government defined benefit plans have over 10 million participants and 17 defined contribution plans have 2.2 million participants; (2) the 34 defined benefit...
Social Security Trust Funds
AIMD-96-30R: Published: Dec 12, 1995. Publicly Released: Dec 12, 1995.
Pursuant to a congressional request, GAO reviewed the Secretary of the Treasury's actions during the 1995 debt ceiling crisis, focusing on whether the Department of the Treasury followed normal investment and redemption policies regarding the Social Security trust funds. GAO noted that Treasury records show that the Secretary followed normal investment and redemption policies for all transactions...