Human resources management (11 - 18 of 18 items)
Vesting Status of Selected Participants in Top-Heavy Pension Plans
T-HRD-88-3: Published: Oct 23, 1987. Publicly Released: Oct 23, 1987.
Pursuant to a congressional request, GAO discussed the effect of replacing 1982 "top-heavy" pension plan vesting rules with those of the Tax Reform Act of 1986. After comparing the vesting status of 859 active participants in 128 top-heavy small-business pension plans, GAO noted that, if the plans had used the 1986 graded vesting schedule: (1) the proportion of nonvested women would have increased...
Financial Condition of the Single Employer Pension Plan Insurance Program
T-HRD-87-8: Published: Apr 7, 1987. Publicly Released: Apr 7, 1987.
GAO discussed the financial condition of the Pension Benefit Guaranty Corporation's (PBGC) Single Employer Pension Insurance Program, which generally guarantees workers' vested benefits when a private pension plan terminates. GAO noted that the program is in serious financial trouble because: (1) it had a reported deficit of $3.8 billion as of September 30, 1986; (2) the deficit could reach an est...
Pensions: Plans With Unfunded Benefits
HRD-87-15BR: Published: Oct 22, 1986. Publicly Released: Oct 22, 1986.
In response to a congressional request, GAO provided information on: (1) the extent to which single-employer defined-benefit pension plans are underfunded; and (2) the effect that underfunded plan terminations have had on the government insurance program's financial viability.GAO found that: (1) 3,351 of the 14,581 plans were underfunded by about $21 billion, while the other plans had assets that...
The Underfunding of Single Employer Pension Plans
130198: Jun 24, 1986
In response to a congressional request, GAO provided information on private pension plan underfunding, specifically: (1) its extent and effects; (2) factors contributing to underfunding; (3) the potential of the Single Employer Pension Plan Amendments Act of 1986 to alleviate the effects of underfunded terminations; and (4) alternatives for controlling underfunding. GAO found that: (1) of the 14,5...
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...
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...
Reliability of the Pension Benefit Guaranty Corporation's Estimated Cost of Proposed Revisions to the Multiemployer Pension Plan Insurance Program
HRD-80-65: Published: Feb 29, 1980. Publicly Released: Mar 3, 1980.
A review was undertaken to determine the reliability of the estimated cost to revise the multiemployer pension plan insurance program. The Guaranty Corporation submitted proposed legislation for revising the insurance program to both Houses of Congress on May 1, 1979. Some of the major provisions in the proposed legislation include: (1) a requirement that sponsoring employers, who withdraw from a...
The Investment Decisionmaking Process In Two Georgia Public Employee Retirement Plans
HRD-77-21: Published: Nov 30, 1976. Publicly Released: Nov 30, 1976.
The second in a series of seven case studies was performed of the Employees' Retirement System of Georgia and the Atlanta General Employees' Pension Plan. The Georgia plan is the second largest of five employee-administered state retirement plans with about 48,300 members and assets of about $355 million. The Atlanta plan is the largest of three plans for city employees with about 14,400 members a...