Employee retirements (31 - 40 of 82 items)
Pension Plans: Public Plans in Four States Have Generally Similar Policies and Practices
HRD-90-133: Published: Jul 24, 1990. Publicly Released: Aug 27, 1990.
Pursuant to a congressional request, GAO provided information on public pension plans in four states.GAO found that: (1) boards of trustees and their staffs administer public pension plans; (2) each board establishes policy and appoints a chief administrative officer responsible for hiring and overseeing the staff that carries out the plan's daily operations; (3) two plans have a single board and...
Federal Government's Oversight of Pension and Welfare Funds
T-HRD-90-37: Published: Jun 13, 1990. Publicly Released: Jun 13, 1990.
GAO discussed the effectiveness of federal oversight of employee benefit plans' compliance with the Employee Retirement Income Security Act of 1974 (ERISA), and the government's potential exposure to underfunded pension plans insured by Pension Benefit Guaranty Corporation (PBGC). GAO found that: (1) the Internal Revenue Service (IRS) increased its examinations of plan operations; (2) the Departme...
Private Pensions: Impact of Vesting and Minimum Benefit and Contribution Rules in Top-Heavy Plans
HRD-90-4BR: Published: Oct 23, 1989. Publicly Released: Oct 23, 1989.
Pursuant to a congressional request, GAO provided information about tax reform legislation's effects on the vesting status of participants in top-heavy pension plans, in which more than 60 percent of benefits or contributions go to company owners or other key employees.GAO found that tax reform legislation established a maximum 3- to 6-year waiting period for vesting in top-heavy pension plans and...
Leveraged Buy-Out Funds: Investments by Selected Pension Plans
HRD-89-121: Published: Aug 1, 1989. Publicly Released: Aug 1, 1989.
Pursuant to a congressional request, GAO reviewed the role of private and public pension funds in leveraged buy-outs (LBO), focusing on the: (1) methods pension plans used to evaluate LBO-funded investments; (2) principal provisions of LBO-fund limited-partnership agreements; (3) rate of return pension plans obtained on LBO-fund investments; and (4) Department of Labor's oversight of pension plan...
TVA Management: Information on Compensation for Top Managers
RCED-89-137BR: Published: May 17, 1989. Publicly Released: Jun 16, 1989.
Pursuant to a congressional request, GAO reviewed the levels and types of compensation the Tennessee Valley Authority (TVA) provided its top management employees and its authority for making additional compensation payments.GAO found that: (1) supplemental compensation or relocation incentive payments used to circumvent TVA salary limitations were improper; (2) TVA used its supplemental compensati...
Pension Plan Participation in Leveraged Buyout Funds
T-HRD-89-5: Published: Feb 9, 1989. Publicly Released: Feb 9, 1989.
GAO discussed the role of pension funds in leveraged buyouts (LBO). GAO reviewed 4 plan sponsors and found that: (1) they invested $474 million in assets in 44 LBO; (2) they made their decisions after evaluating the LBO firms' reputations, experience, and track records; (3) generally, LBO fund investments are risky because their assets are committed for 10 or 12 years and cannot be traded on the o...
Pension Plans: Labor and IRS Enforcement of the Employee Retirement Income Security Act
HRD-89-32: Published: Jan 23, 1989. Publicly Released: Jan 23, 1989.
Pursuant to a congressional request, GAO reviewed the Department of Labor's (DOL) and the Internal Revenue Service's (IRS) efforts to enforce the Employee Retirement Income Security Act's pension plan provisions.GAO found that: (1) DOL closed 1,323 individual pension plan investigations in fiscal year (FY) 1987 and closed 718 during the first 8 months of FY 1988; (2) DOL closed investigations of 7...
Providing Periodic Personal Earnings and Benefit Statements to Workers Covered by Social Security
T-HRD-88-25: Published: Jul 14, 1988. Publicly Released: Jul 14, 1988.
GAO discussed requiring the Social Security Administration (SSA) to provide periodic personal earnings and benefit statements to workers covered by social security. GAO found that: (1) 70 percent of the 25 million workers in defined benefit pension plans lacked knowledge of their eligibility for early or normal retirement; (2) from 1978 through 1984, SSA recorded $58.8 billion less in earnings tha...
Effect of the 1987 Stock Market Decline on Selected Large Pension Plans
T-HRD-88-21: Published: Jul 12, 1988. Publicly Released: Jul 12, 1988.
Pursuant to a congressional request, GAO reviewed the 1987 investments of large pension plans to determine: (1) how the 1987 stock market decline affected plan assets; (2) whether there was a relationship between the proportion of funds invested in stock and changes in asset values; and (3) how defined-benefit and defined-contribution plans fared during the market decline. GAO found that: (1) alth...
Pension Plans: Possible Effects of Requiring Employers To Make Contributions Sooner
HRD-88-28: Published: Oct 30, 1987. Publicly Released: Dec 1, 1987.
In response to a congressional request, GAO determined the effects of the administration's proposal to change the timing of employers' contributions to their single-employer pension benefit plans.GAO found that: (1) 64 percent of the 6,100 employers would have to change their contribution practices to meet the proposed requirements; (2) 50 percent said that the proposal would have a negative effec...