Pension plan (21 - 30 of 114 items)
Mutual Funds: SEC Should Modify Proposed Regulations to Address Some Pension Plan Concerns
GAO-04-799: Published: Jul 9, 2004. Publicly Released: Aug 9, 2004.
Mutual fund investments represent more than 20 percent of Americans' pension plan assets. Since late 2003, two abusive trading practices in mutual funds have come to light. Late trading allowed some investors to illegally place orders for funds after the close of trading. Market timing allowed some investors to take advantage of temporary disparities between the value of a fund and the value of it...
Private Pensions: Multiemployer Plans Face Short- and Long-Term Challenges
GAO-04-423: Published: Mar 26, 2004. Publicly Released: Mar 26, 2004.
Multiemployer-defined benefit pension plans, which are created by collective bargaining agreements covering more than one employer and generally operated under the joint trusteeship of labor and management, provide coverage to over 9.7 million of the 44 million participants insured by the Pension Benefit Guaranty Corporation (PBGC). The recent termination of several large single-employer plans--pl...
Pension Benefit Guaranty Corporation: Single-Employer Pension Insurance Program Faces Significant Long-Term Risks
GAO-04-90: Published: Oct 29, 2003. Publicly Released: Oct 29, 2003.
More than 34 million participants in 30,000 single-employer defined benefit pension plans rely on a federal insurance program managed by the Pension Benefit Guaranty Corporation (PBGC) to protect their pension benefits, and the program's long-term financial viability is in doubt. Over the last decade, the program swung from a $3.6 billion accumulated deficit (liabilities exceeded assets), to a $10...
Social Security Reform: Information on Using a Voluntary Approach to Individual Accounts
GAO-03-309: Published: Mar 10, 2003. Publicly Released: Apr 9, 2003.
Many proposals have been offered to restructure the U.S. Social Security system to include individual retirement savings accounts. However, some key proposals would make participation in the accounts voluntary rather than mandatory. While any individual account plan can offer a variety of choices regarding contributions, investments, and withdrawals, the choice of whether or not to participate is...
Private Pensions: Issues of Coverage and Increasing Contribution Limits for Defined Contribution Plans
GAO-01-846: Published: Sep 10, 2001. Publicly Released: Sep 17, 2001.
Proposals to expand pension coverage and promote pension savings have recently received much attention. In the Economic Growth and Tax Relief Reconciliation Act of 2001, for example, Congress raised statutory limits on tax-deferred pension contributions and benefits and made other changes to the law governing qualified pension plans. Some believe that increasing these limits will encourage employe...
Private Pensions: 'Top-Heavy' Rules for Owner-Dominated Plans
HEHS-00-141: Published: Aug 31, 2000. Publicly Released: Sep 29, 2000.
Pursuant to a congressional request, GAO reviewed top-heavy rules in relation to other pension laws and regulations intended to ensure that workers benefit equitably from their pension plans, focusing on: (1) key differences between top-heavy rules and the general rules for nondiscrimination and vesting in contributions and benefits; (2) the most recent data available for GAO analysis on the chara...
Pension Benefit Guaranty Corporation: Contracting Management Needs Improvement
HEHS-00-130: Published: Sep 18, 2000. Publicly Released: Sep 21, 2000.
Pursuant to a congressional request, GAO reviewed the effectiveness of the Pension Benefit Guaranty Corporation's (PBGC) contracting activities, focusing on: (1) the basis for PBGC's decisions regarding the use of contractors versus government personnel to address its workloads; (2) PBGC's processes and procedures for selecting contractors; and (3) how effective PBGC has been in monitoring the per...
Pension Plans: IRS Programs for Resolving Deviations From Tax-Exemption Requirements
GGD-00-169: Published: Aug 14, 2000. Publicly Released: Sep 14, 2000.
Pursuant to a congressional request, GAO reviewed the Internal Revenue Service's (IRS) programs for resolving pension-plan deviations from tax-exemption requirements, focusing on: (1) the frequency and types of pension plan qualification failures that were detected and corrected through IRS audits; (2) the frequency and types of pension plan qualification failures that were identified by pension p...
Pension Benefit Guaranty Corporation: Financial Condition Improving, but Long-Term Risks Remain
HEHS-99-5: Published: Oct 16, 1998. Publicly Released: Nov 16, 1998.
Pursuant to a congressional request, GAO reviewed the long-term financial viability of the pension insurance programs, focusing on: (1) the financial condition of the insurance programs and trends in the plans they insure; (2) the impact the Retirement Protection Act of 1994 has had on the financial condition of the Pension Benefit Guaranty Corporation (PBGC) and insured plans; (3) risks to PBGC's...
Social Security: Implications of Extending Mandatory Coverage to State and Local Employees
HEHS-98-196: Published: Aug 18, 1998. Publicly Released: Aug 18, 1998.
Pursuant to a congressional request, GAO examined the implications of extending mandatory social security coverage to all newly hired state and local employees, focusing on: (1) the implications of mandatory coverage for the Social Security Program and for public employers, employees, and pension plans; and (2) potential legal or administrative problems associated with implementing mandatory cover...