Government reform (1 - 7 of 7 items)
Delphi Pensions: Key Events Leading to Plan Terminations
GAO-13-854T: Published: Sep 11, 2013. Publicly Released: Sep 11, 2013.
The termination of the six defined benefit plans that were sponsored by the Delphi Corporation (Delphi) and the provision of benefit protections to some Delphi employees, but not others, culminated from a complex series of events involving Delphi, the General Motors Corporation (GM), various unions, the U.S. Department of the Treasury (Treasury), and the Pension Benefit Guaranty Corporation (PBGC)...
Reemployment of Retirees: Six Agencies' Use of Dual Compensation Waiver Authority is Limited
GAO-12-855R: Published: Sep 10, 2012. Publicly Released: Sep 10, 2012.
In summary, the six agencies we reviewed made very little use of the NDAA waiver authority in fiscal years 2010 and 2011. The Department of Treasury made the most, although still very little, use of the waiver authority in both fiscal years--167 waivers in fiscal year 2010 and 214 waivers in fiscal year 2011. Agency officials told us that their agencies used a combination of NDAA and other waiver...
Thrift Savings Plan: Adding a Socially Responsible Index Fund Presents Challenges
GAO-12-664: Published: Jun 26, 2012. Publicly Released: Jul 26, 2012.
Officials at the Thrift Savings Plan (TSP) and the other public retirement plans that had considered socially responsible investment (SRI) associated a number of common challenges with SRI adoption. While none of these plans were identical to TSP in scope or demographics, many plan officials shared similar challenges and concerns with TSP. For example, they identified participant demand, SRI scree...
Entitlement Reform Process: Other Countries' Experiences Provide Useful Insights for the United States
GAO-08-372: Published: Jan 18, 2008. Publicly Released: Jan 18, 2008.
Looking to the future, our nation faces large and growing structural deficits and escalating federal debt due primarily to rising health care costs and known demographic trends. Slowing the growth of entitlements is an essential part of the solution to these challenges. GAO was asked to identify useful insights from the entitlement reform processes in other countries. Specifically, GAO was asked t...
Social Security: Costs Associated with the Administration's Efforts to Promote Program Reforms
GAO-07-621R: Published: Aug 10, 2007. Publicly Released: Sep 7, 2007.
Congress requested that GAO identify the official Social Security reform public speaking events and other promotion initiatives involving administration officials, and their costs to the federal government, since January 2005. As you know, the Social Security Board of Trustees is projecting in its 2007 report that as early as 2017 Social Security benefit payments will exceed tax revenues. After th...
Federal Pensions: DOL Oversight and Thrift Savings Plan Accountability
GAO-03-400: Published: Apr 23, 2003. Publicly Released: May 15, 2003.
The Thrift Savings Plan (TSP) is a retirement savings and investment plan for federal employees, governed by the Federal Retirement Thrift Investment Board (the TSP Board). Recent events relating to the TSP Board's contract to upgrade TSP's record keeping system have raised questions about the management of the TSP. In light of the TSP Board's actions relating to the record keeping system and the...
Financial Management: Review of the Military Retirement Trust Fund's Actuarial Model and Related Computer Controls
AIMD-97-128: Published: Sep 9, 1997. Publicly Released: Sep 9, 1997.
Pursuant to a congressional request, GAO reviewed the Department of Defense (DOD) Military Retirement Trust Fund's actuarial model and related computer controls.GAO noted that: (1) based on GAO's review, GAO concurs with KPMG Peat Marwick LLP's conclusion that the methodology and actuarial assumptions used by the DOD Office of the Actuary to calculate the pension liability as of September 30, 1996...