Pension plan (81 - 90 of 114 items)
GAO Aging Activities in Fiscal Year 1984
HRD-85-27: Published: Nov 30, 1984. Publicly Released: Nov 30, 1984.
Pursuant to a congressional request, GAO reported on its fiscal year (FY) 1984 activities regarding older Americans.As of September 30, 1984, GAO had issued 41 reports, 22 of which contained summary information, and was involved in 72 assignments concerning the elderly. At the end of FY 1984, 40.5 percent of the GAO workforce was age 40 or over. GAO employment policies prohibit age discrimination,...
Incomplete Participant Data Affect Reliability of Values Placed by Actuaries on Multiemployer Pension Plans
HRD-84-38: Published: Sep 6, 1984. Publicly Released: Sep 6, 1984.
GAO evaluated the effect of the Multiemployer Pension Plan Amendments Act of 1980 (MPPAA) on employers, participants, and others. Specifically, GAO reviewed the development and reporting of actuarial information.GAO found that, although pension plan participant data are crucial in determining the actuarial value of pension plans, many multiemployer plans lack complete participant data, causing lia...
Improved Processes Needed To Insure Timely Benefit Payments to Participants of Single Employer Pension Plans
HRD-84-58: Published: May 31, 1984. Publicly Released: May 31, 1984.
In response to a congressional request, GAO reviewed the effectiveness of the Pension Benefit Guaranty Corporation (PBGC) processes for ensuring that participants in private pension plans receive guaranteed benefits when plans terminate.GAO evaluated the PBGC processing of numerous insufficient pension plans to: (1) determine why eligible participants were not receiving benefit payments; (2) asses...
[Ohio's Issues on Aging for the 1980's]
124026: Apr 28, 1984
GAO analyzed issues related to the elderly and compared concerns expressed by elderly Ohioans with those of the elderly nationwide. GAO found that issues important to elderly Ohioans were also important across the Nation. Over 40 percent of the issues selected by Ohioans and the elderly nationwide involved economics. Nationally, social issues ranked next, but Ohioans placed as much emphasis on hea...
Economic Implications of the Fair Insurance Practices Act
OCE-84-1: Published: Apr 6, 1984. Publicly Released: Apr 6, 1984.
In response to a congressional request, GAO reviewed the economic implications of the proposed Fair Insurance Practices Act. Specifically, GAO reviewed: (1) how cost considerations vary by type of insurance; and (2) the effect that unfunded liabilities in pension plans would have on the ability of pension plans to meet the minimum funding requirements of the Employee Retirement Income Security Act...
Premium Requirements of the Single Employer Pension Plan Insurance Program
123666: Mar 20, 1984
GAO discussed the Pension Benefit Guaranty Corporation's request for a $7 premium rate for its single employer pension plan insurance program. The Corporation was established to administer a self-financing program which insures the benefits of about 29 million participants in 106,000 private pension plans. GAO revised its suggested premium rate for the program upward to $8.50 which it believes may...
Legislative Changes Needed To Financially Strengthen Single Employer Pension Plan Insurance Program
HRD-84-5: Published: Nov 14, 1983. Publicly Released: Nov 14, 1983.
In connection with the Pension Benefit Guaranty Corporation's (PBGC) self-financing insurance program to protect the benefits of private pension plan participants, GAO examined information on pension plans which were terminated as of September 30, 1981.Since its inception, the PBGC insurance program has been operating at an increasing deficit. The deficit has risen because net claims for benefits...
Economic Implications of Unisex Pensions
122598: Oct 4, 1983
In response to a congressional request, testimony was presented on the economic impact of the proposed Fair Insurance Practices Act. GAO found that, in many cases, it is impossible to say what the consequences of the bill will be, since they will depend on the adjustments that insurance companies, pension plan sponsors, and state insurance regulators make in response to the bill. The bill requires...
GAO's Major Activities in Aging During Fiscal Year 1982
HRD-83-25: Published: Dec 17, 1982. Publicly Released: Dec 17, 1982.
In response to a congressional request, GAO submitted a statement on its internal activities which involve the elderly, a list of reports issued from September 30, 1981, through September 30, 1982, and a list of assignments which relate to programs and services for the elderly...
Investigation To Reform Teamsters' Central States Pension Fund Found Inadequate
HRD-82-13: Published: Apr 28, 1982. Publicly Released: Jun 3, 1982.
For many years, the Teamster's Pension Fund trustees have been the subject of allegations of misuse of the Fund's assets. Therefore, the Department of Labor initiated an investigation of the Fund and, in response to a congressional request, GAO reviewed the Government's investigation.Labor's objective of having a Government-wide coordinated investigation did not succeed because the Internal Revenu...