Trust funds (11 - 20 of 24 items)
Social Security Funds: Additional Measures Could More Fully Indicate the System's Financial Condition
PEMD-88-11: Published: Feb 5, 1988. Publicly Released: Feb 5, 1988.
GAO developed actuarial measures that the Social Security Administration (SSA) could use to document the financial condition of the combined Old-Age Survivors and Disability Insurance (OASDI) Trust Fund.GAO found that: (1) the 1987 SSA trustees' report to Congress indicated that the OASDI Trust Fund was in close actuarial balance, since expenditures were within 5 percent of income averaged over th...
The Social Security Wild Card
137892: Jan 1, 1988
This article, which appeared in the GAO Journal, No. 4, Winter 1988, discusses maintaining the Social Security Program and Trust Fund surpluses. As a result of increases in payroll taxes, the Trust Fund is now building a surplus at a rate exceeding $100 million daily. However, in implementing deficit-reduction legislation, Congress used the Trust Fund to mask the actual budget deficit. Continued u...
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...
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...
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...
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...
Proposed Changes in Social Security Rules Concerning More Frequent Deposits of Social Security Contributions by States
107338: Jun 9, 1978
The Social Security Administration's "Notice of Proposed Rulemaking" would increase the frequency with which States and interstate instrumentalities must deposit social security contributions on wages and salaries paid to covered employees from quarterly to monthly. The proposal would result in substantial interest earnings to the Social Security Trust Funds, but it may not go far enough to maximi...
Review of Reimbursements to Contractors for Payments Into Private Pension Plans
089642: Feb 5, 1975
No summary is currently available...
Recommendations of National Commission on Social Security Reform
120701: Feb 18, 1983
Testimony was given concerning the recommendations of the National Commission on Social Security Reform for resolving the short- and long-range problems of the social security trust funds. The Commission suggested options which it believes will resolve the entire short-term deficit and about two-thirds of the long-term deficit. GAO recognized that, if economic conditions prove to be less favorable...