Financial management (71 - 80 of 82 items)
Investigation To Reform Teamsters' Central States Pension Fund Found Inadequate
HRD-82-13: Published: Apr 28, 1982. Publicly Released: Jun 3, 1982.
For many years, the Teamster's Pension Fund trustees have been the subject of allegations of misuse of the Fund's assets. Therefore, the Department of Labor initiated an investigation of the Fund and, in response to a congressional request, GAO reviewed the Government's investigation.Labor's objective of having a Government-wide coordinated investigation did not succeed because the Internal Revenu...
The Operations of the Railroad Retirement Board
118455: May 21, 1982
GAO discussed the progress the Railroad Retirement Board has made in responding to its problems and the status of the internal audit function at the Railroad Retirement Board. The Board needs to improve the accuracy, timeliness, and uniformity of eligibility decisions and payments to beneficiaries and to make more effective use of its resources in other areas as well. The actions that the Board ne...
Allocation of an Air Force Contractor's Pension Fund Assets May Be Inequitable
HRD-81-152: Published: Sep 23, 1981. Publicly Released: Sep 23, 1981.
The Air Force has contracted for services at the Eastern Test Range, Cape Canaveral, with Pan American World Airways for over 25 years. Pan American provided pension benefits for its employees through its Cooperative Retirement Income Plan and is reimbursed by the Government for contributions to the plan for employees working on the Eastern Test Range contract.During a review of contractors' compl...
Cost-of-Living Increases for Federal Civilian and Military Retirees
B-130150: Published: Jul 1, 1980. Publicly Released: Jul 1, 1980.
GAO has long been concerned about the equity and costs of the Government's policy of full, automatic cost-of-living increases for Federal civilian and military retirees. GAO was pleased to see that the First Concurrent Budget Resolution for fiscal year 1981 assumed enactment of its recommendations to Congress to provide retirement cost-of-living adjustments annually and prorate the initial adjustm...
Public Pension Issues
094339: Sep 23, 1979
No summary is currently available...
Examination of Financial Statements of the Pension Benefit Guaranty Corporation for the Fiscal Year Ended September 30, 1977
HRD-79-44: Published: May 3, 1979. Publicly Released: May 3, 1979.
The financial statements of the Pension Benefit Guaranty Corporation (PBGC) were examined for the fiscal year (FY) ending September 30, 1977. PBGC administers the insurance programs that guarantee certain benefits will be paid to participants of defined benefit pension plans in the event the plans terminate without sufficient assets to provide benefits.GAO could not verify that PBGC financial stat...
Are Pension Beneficiaries Harmed by Large Bank Trust Department Sales of Large Common Stock Positions? The Evidence
PAD-78-75: Published: Oct 19, 1978. Publicly Released: Oct 19, 1978.
A study was conducted to provide a comparative analysis of the time taken to sell out large common stock positions by large and small bank trust departments. It was suggested that, because large institutions hold large positions in certain securities, when they eliminate one of these positions, selling should be spread over longer periods to avoid or reduce destabilizing impacts on that stock's pr...
Proposed Legislation To Provide for a Department of Defense Military Retirement and Disability Fund
FPC-78-99: Published: Aug 17, 1978. Publicly Released: Aug 17, 1978.
No summary is currently available...
Review of Records Management Practices for Reports Required To Be Filed Under the Employee Retirement Income Security Act of 1974
HRD-78-27: Published: Dec 29, 1977. Publicly Released: Dec 29, 1977.
At the request of the U.S. Senate, the records management practices of the Department of Labor were reviewed as they related to financial and other reports required to be filed by labor-management welfare and pension plans. The Employee Retirement Income Security Act of 1974 (ERISA) requires pension and welfare benefit plan administrators to report and disclose extensive information about pension...
Senate Resolution 244, A Proposed Study of Major Federal Retirement Systems, and Three Bills Amending Title 5 of the United States Code
104069: Oct 28, 1977
Senate Resolution 244 (95th Congress) calls for a study of the major Federal retirement systems to determine the extent of the present and future unfunded liability of each system, the method of financing each system, and the actions necessary to be taken to insure the solvency of each system. The study is to be made by the Secretary of the Treasury, and a report, including recommendations for leg...