Securities (11 - 20 of 22 items)
Armed Forces Retirement Home
HRD-94-49R: Published: Nov 3, 1993. Publicly Released: Nov 3, 1993.
Pursuant to a congressional request, GAO reviewed the financing, operations, and management of the Armed Forces Retirement Home, focusing on: (1) the Home's analysis of its trust fund's status; and (2) allegations of funds mismanagement by senior staff at the Soldiers and Airmen's facility. GAO found that the Home: (1) has reasonably analyzed the trust fund's status; (2) estimates that the trust f...
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...
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...
Department of Labor: Pension Plans and Corporate Takeovers
HRD-88-58: Published: Mar 31, 1988. Publicly Released: May 20, 1988.
Pursuant to a congressional request, GAO reviewed the Department of Labor's (DOL) enforcement efforts concerning the potential misuse of pension plans in corporate takeovers.GAO found that DOL: (1) delegated responsibility for enforcing Employment Retirement Income Security Act standards to its Pension and Welfare Benefits Administration (PWBA); (2) informally learned of takeover transactions from...
Functional Regulation: An Analysis of Two Types of Pooled Investment Funds
GGD-86-63: Published: May 12, 1986. Publicly Released: May 12, 1986.
GAO examined the implications and considerations associated with subjecting similar financial products and services to similar regulatory treatment, specifically mutual funds and bank-sponsored collective investment funds. This would allegedly result in eliminating the competitive advantage in the marketplace that one type of fund may have over the other. GAO developed two scenarios that could lea...
Social Security: Past Projections and Future Financing Concerns
HRD-86-22: Published: Mar 11, 1986. Publicly Released: Mar 11, 1986.
Pursuant to a congressional request, GAO reviewed the past and current projections for the Old Age and Survivors Insurance (OASI) trust fund, specifically the important assumptions underlying the revenue and spending projections that determine the trust fund balance.GAO found that: (1) through 1982, projections of the OASI trust fund balance have been inaccurate, because the inability to foresee e...
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...
Statement on Investigation To Reform Teamsters' Central States, Southeast and Southwest Areas Pension Fund
119252: Jul 26, 1982
GAO discussed its review of the Government's investigation to reform the Teamsters' Central States, Southeast and Southwest Areas Pension Fund. Since the Fund's inception in 1955, its trustees have been the subject of controversy and allegations of misuse and abuse of its assets. Over the past 14 years, various Federal agencies have investigated the Fund and the alleged misconduct by the trustees...