Employee retirements (71 - 80 of 82 items)
Laws Protecting Union Members and Their Pension and Welfare Benefits Should Be Better Enforced
HRD-78-154: Published: Sep 28, 1978. Publicly Released: Sep 28, 1978.
The Labor Management Reporting and Disclosure Act (LMRDA) imposes federal standards and reporting and disclosure requirements to help eliminate or prevent improper and corrupt practices by labor unions and their officers and representatives. The Employee Retirement Income Security Act (ERISA) regulates the private pension and welfare plan systems for providing working Americans with retirement inc...
H.R. 9701, a Bill To Require That Federal Pension Plans File Annual Financial and Actuarial Reports
106518: Jul 24, 1978
The purpose of H.R. 9701 is to achieve full, uniform disclosure of the financial condition of federal pension plans. At present, there is no overall policy for guidance in establishing, financing, or amending federal retirement systems. The systems' funding requirements vary and in most cases are less stringent than those imposed on private pension plans. Some systems provide for fully funding ben...
Effect of the Employee Retirement Income Security Act on the Termination of Single Employer Defined Benefit Pension Plans
HRD-78-90: Published: Apr 27, 1978. Publicly Released: Apr 27, 1978.
The Employee Retirement Income Security Act (ERISA) requires private pension plans to meet extensive, complex minimum standards and reporting and disclosure requirements. Concerns were expressed about ERISA effects on small businesses and their employees and the increase in pension plan terminations after enactment of the legislation.The act did contribute to a large degree to pension plan termina...
Opportunities for Improving Army Oversight of Pension Plans at Government-Owned, Contractor-Operated Ammunition Plants
PSAD-78-85: Published: Apr 18, 1978. Publicly Released: Apr 18, 1978.
The Army Armament Command manages a complex of 25 government-owned, contractor-operated (GOCO) ammunition plants. The contractors are responsible for employing the work force and establishing wage rates, pension programs, and other fringe benefits. About 48 pension plans covered eligible employees at 21 GOCO ammunition plants; there were no pension plans at the remaining 4 plants. The government's...
Effect of the Employee Retirement Income Security Act of 1974 on Termination of Pension Plans
105324: Feb 27, 1978
The purpose of the Employee Retirement Income Security Act (ERISA) of 1974 is to establish Federal standards for private pension plans and to protect the rights under these standards for an estimated 30 million participants in an estimated 470,000 private pension plans. The act establised minimum standards and requirements for the plans, such as participation standards, vesting standards, fiduciar...
Federal Retirement Systems: Unrecognized Costs, Inadequate Funding, Inconsistent Benefits
FPCD-77-48: Published: Aug 3, 1977. Publicly Released: Aug 3, 1977.
The cost and liabilities of federal retirement programs are much greater than recognized by current costing and funding procedures.In 1976, seven of the government's retirement systems paid over $15.6 billion to retirees and the survivors of deceased employees and retirees, an increase of $10 billion since 1970. The systems also reported liabilities exceeding $320 billion for which less than $44 b...
Efforts To Implement the Employee Retirement Income Security Act of 1974 by the Department of Labor
HRD-77-99: Published: Jul 6, 1977. Publicly Released: Jul 6, 1977.
Members of congressional committees, Department of Labor officials, and employee benefit plan administrators are concerned about problems Labor has experienced in administering the Employee Retirement Income Security Act of 1974, the first comprehensive Federal law regulating employee benefits. Specific concern has been expressed about delays in issuing regulations and acting on requests for exemp...
Contractor Pension Plan Costs: More Control Could Save Department of Defense Millions
PSAD-77-100: Published: May 19, 1977. Publicly Released: May 19, 1977.
The government incurred pension plan costs that were inequitable and too high because the Department of Defense (DOD) permitted actuarial assumptions or unjustified changes in actuarial cost methods.Government controls and surveillance over contractors' pension plan practices were not adequate considering the costs involved. Establishing effective controls and surveillance over these practices cou...
The Investment Decisionmaking Process in Two Michigan Public Employee Retirement Plans
HRD-77-31: Published: Dec 29, 1976. Publicly Released: Dec 29, 1976.
The Michigan Public School Employees' Retirement System, created in 1945, includes all public school districts and almost all universities employees, except those covered by federal programs. The City of Detroit General Retirement System is open to all city employees, except those covered by specific other systems. Until July, 1977, the Michigan System is funded by both employers and employees, af...
The Investment Decisionmaking Process in Two Virginia Public Employee Retirement Plans
HRD-77-32: Published: Dec 29, 1976. Publicly Released: Dec 29, 1976.
The Virginia Supplemental Retirement System originated in 1908 primarily as a benefit to teachers, but now has 214,000 active and retired members, and incorporates the State Police Officers Retirement System and the Judicial Retirement System in its management and investment activities. The Employees' Retirement System of the City of Roanoke, created by city ordinance in 1946, had, in fiscal year...