Trust funds (21 - 24 of 24 items)
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...
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...
Liberal Deposit Requirements of States' Social Security Contributions Adversely Affected Trust Funds
HRD-79-14: Published: Dec 18, 1978. Publicly Released: Dec 18, 1978.
On March 30, 1978, HEW published in the Federal Register its proposal to increase the frequency by which States must deposit social security contributions. GAO evaluated the issues surrounding the frequency of State deposits and the reasonableness of the HEW proposal.The State's and local governments' objections to more frequent deposits are (1) the loss of investment income because the social se...
Comments on Miscellaneous Collection Disposition
B-4906: Published: Oct 11, 1951. Publicly Released: Oct 11, 1951.
GAO commented on the proper disposition of miscellaneous collections received by the Bureau of Old-Age and Survivors Insurance. GAO held since there appears to be no other law directing a different disposition of these collections in the case of Old-Age and Survivors Insurance, all funds are required to be deposited into the Treasury as miscellaneous receipts under the account designation...