Investment planning (21 - 28 of 28 items)
Pension Plans: Investments in Affordable Housing Possible With Government Assistance
HRD-92-55: Published: Jun 12, 1992. Publicly Released: Jun 12, 1992.
Pursuant to a congressional request, GAO reviewed how pension funds are used to help finance affordable housing for low-and moderate-income families, focusing on: (1) the features and common elements of 15 affordable housing arrangements financed by pension funds; and (2) the expected rates of return on such housing investments.GAO found that: (1) the nature and extent of pension fund involvement...
Pension Plans: Public Plans in Four States Have Generally Similar Policies and Practices
HRD-90-133: Published: Jul 24, 1990. Publicly Released: Aug 27, 1990.
Pursuant to a congressional request, GAO provided information on public pension plans in four states.GAO found that: (1) boards of trustees and their staffs administer public pension plans; (2) each board establishes policy and appoints a chief administrative officer responsible for hiring and overseeing the staff that carries out the plan's daily operations; (3) two plans have a single board and...
Leveraged Buy-Out Funds: Investments by Selected Pension Plans
HRD-89-121: Published: Aug 1, 1989. Publicly Released: Aug 1, 1989.
Pursuant to a congressional request, GAO reviewed the role of private and public pension funds in leveraged buy-outs (LBO), focusing on the: (1) methods pension plans used to evaluate LBO-funded investments; (2) principal provisions of LBO-fund limited-partnership agreements; (3) rate of return pension plans obtained on LBO-fund investments; and (4) Department of Labor's oversight of pension plan...
Pension Plans and Leveraged Buy-Outs
T-HRD-89-20: Published: Apr 27, 1989. Publicly Released: Apr 27, 1989.
GAO discussed its work on the role of pension plans in leveraged buy-outs (LBO), focusing on the: (1) incidence of pension plan terminations by companies taken over in LBO; (2) extent of pension plan investments in LBO; and (3) risks of investing pension plan assets in LBO. GAO found that: (1) 40 percent of the companies it reviewed terminated pension plans with a total of about $1.8 billion in as...
Pension Plan Participation in Leveraged Buyout Funds
T-HRD-89-5: Published: Feb 9, 1989. Publicly Released: Feb 9, 1989.
GAO discussed the role of pension funds in leveraged buyouts (LBO). GAO reviewed 4 plan sponsors and found that: (1) they invested $474 million in assets in 44 LBO; (2) they made their decisions after evaluating the LBO firms' reputations, experience, and track records; (3) generally, LBO fund investments are risky because their assets are committed for 10 or 12 years and cannot be traded on the o...
Disinvestment of the Social Security Trust Funds
129131: Feb 18, 1986
Testimony was given concerning specific issues and options associated with the disinvestment of social security trust funds. GAO noted that, when the Department of the Treasury's cash accounts lack sufficient funds to pay both social security benefits and other obligations and borrowing authority is limited or nonexistent, the Secretary is forced to either violate the investment requirements of th...
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...
Investment Policies, Practices, and Performance of Federal Retirement Systems
FPCD-79-17: Published: Aug 31, 1979. Publicly Released: Aug 31, 1979.
Because of the importance of investment earnings to retirement system financing, a review was made of the investment policies and practices of six Federal retirement systems that invest funds. Four of the six retirement systems in the study were established by law. The retirement systems of the civil service, the Foreign Service, the judicial survivors, and the U.S. Tax Court are required by law t...