Employee retirement plans (81 - 90 of 154 items)
Public Pensions: Section 457 Plans Pose Greater Risk Than Other Supplemental Plans
HEHS-96-38: Published: Apr 30, 1996. Publicly Released: May 15, 1996.
Pursuant to a congressional request, GAO reviewed the status of public pension funding, focusing on how plans established under Internal Revenue Code (IRC) section 457 differ from plans created under IRC sections 401(k) and 403(b).GAO found that: (1) most state and local government employees are covered under section 457 plans because the Tax Reform Act of 1986 prohibited state and local governmen...
Public Pensions: State and Local Government Contributions to Underfunded Plans
HEHS-96-56: Published: Mar 14, 1996. Publicly Released: Apr 12, 1996.
Pursuant to a congressional request, GAO reviewed the status of public pension plan funding, focusing on the basic pension plans of state and local governments.GAO found that: (1) states and localities with underfunded pension plans run the risk of reducing future pension benefits to taxpayers or raising revenues; (2) unfunded liabilities for all state and local pension plans totalled $200 billion...
Private Pension Plans: Efforts to Encourage Infrastructure Investment
HEHS-95-173: Published: Sep 8, 1995. Publicly Released: Sep 26, 1995.
Pursuant to a congressional request, GAO provided information on the role that pension plans play in expanding public investment in infrastructure projects.GAO found that: (1) pension plans have not been investing in domestic public infrastructure because of the combined effects of federal law, which requires plans to seek the highest rate of return on investments and encourages growth by exemptin...
HEHS-95-219R: Published: Aug 11, 1995. Publicly Released: Aug 23, 1995.
Pursuant to a congressional request, GAO provided information on the frequency and characteristics of cost-of-living adjustments (COLA) that retirees receive from public and private pension plans. GAO noted that: (1) Social Security and federal pension plans incorporate automatic, annual COLA; (2) over half the states reporting to the Bureau of Labor Statistics provide automatic COLA annually, gen...
Public Pension Plans: Evaluation of Economically Targeted Investment Programs
PEMD-95-13: Published: Mar 17, 1995. Publicly Released: Apr 12, 1995.
Pursuant to a congressional request, GAO reviewed economically targeted investments (ETI), focusing on the: (1) amount and types of ETI being invested by nonfederal public employee pension plans; (2) realization of competitive returns by ETI programs aimed at business development; and (3) economic effects of business development ETI programs.GAO found that: (1) public pension plans have invested b...
District Pensions: Federal Options for Sharing Burden to Finance Unfunded Liability
HEHS-95-40: Published: Dec 28, 1994. Publicly Released: Jan 12, 1995.
Pursuant to a congressional request, GAO reviewed the District of Columbia's pension plans for certain employees, focusing on: (1) the history and status of the plans' unfunded pension liability and the number of plan participants prior to Home Rule; (2) a comparison of the plans' unfunded liability with other state and local plans; and (3) the District's funding formula under the proposed legisla...
D.C. Pensions: Plans Consuming Growing Share of District Budget
T-HEHS-94-192: Published: Jun 14, 1994. Publicly Released: Jun 14, 1994.
GAO discussed the District of Columbia's unfunded pension plan liability and proposed reform legislation. GAO noted that: (1) the District's required pension plan contribution could increase to about 15 percent of its total revenues by 2005 and will constitute 70 percent of its payroll for police officers, firefighters, teachers, and judges by 2004; (2) the District's unfunded liability increased...
D.C. Pension Benefits: Comparison With Selected State and Local Government Pension Plans
HRD-94-18: Published: Nov 4, 1993. Publicly Released: Nov 4, 1993.
Pursuant to a congressional request, GAO reviewed: (1) the District of Columbia's retirement plans for police officers, firefighters, teachers, and judges; (2) the comparative costs and benefits of the District's retirement plans with similar plans nationwide; (3) the cost-of-living adjustment provisions of the District's retirement plans; and (4) pension funding alternatives to eliminate the Dist...
HRD-93-34R: Published: Sep 30, 1993. Publicly Released: Sep 30, 1993.
GAO reviewed the Department of Labor's enforcement of the Employee Retirement Income Security Act of 1974 (ERISA), focusing on the Pension and Welfare Benefit Administration's (PWBA) investigation of pension and welfare benefit plans' violations of ERISA fiduciary requirements. GAO found that PWBA: (1) could make computer targeting more effective and efficient by designing program thresholds to be...
Army Materiel Command: Providing Early Retirement Incentives in 1990 Could Have Saved Money
NSIAD-93-233: Published: Aug 24, 1993. Publicly Released: Aug 24, 1993.
Pursuant to a congressional request, GAO estimated the potential savings to the government if the Army Materiel Command (AMC) had implemented certain retirement incentives in 1990.GAO found that: (1) the cost savings from additional retirements would have ranged from $100,000 to $250,000 per retiree if AMC did not replace the retiree; (2) factors affecting the costs of retirement incentives includ...