Funds management (71 - 80 of 87 items)
Pension Plans: Plans With Excess Assets
HRD-86-100BR: Published: May 30, 1986. Publicly Released: May 30, 1986.
In response to a congressional request, GAO reported on excess assets in ongoing single-employer-defined benefit pension plans.GAO analyzed ongoing plans for 1981 and 1983 to assess the extent of and changes in excess plan assets. GAO found that, in 1983: (1) 10,080 of the 14,581 plans were overfunded by a total of about $57 billion; (2) about 70 percent of the 10,080 overfunded plans had assets t...
Pension Plans: Termination of Plans With Excess Assets
HRD-86-89BR: Published: Apr 30, 1986. Publicly Released: May 30, 1986.
In response to a congressional request, GAO reported on defined benefit pension plan terminations involving the reversion of excess plan assets to employers.GAO found that: (1) a higher-than-expected rate of return on investments was most often cited as the reason plans had excess assets at termination; (2) changes in corporate structure and employers' desire to use excess plan assets for non-pens...
1980 Multiemployer Pension Amendments: Overview of Effects and Issues
HRD-86-4: Published: Feb 13, 1986. Publicly Released: Feb 13, 1986.
In response to a congressional request, GAO reported on: (1) changes in the Pension Plan Insurance Program's financial condition since the Multiemployer Pension Plan Amendments Act of 1980 (MPPAA) was enacted; (2) the act's initial effects on the program, plan participants, and contributing employers; and (3) possible effects of the act over the long term.GAO found that, at the time MPPAA was enac...
The Department of Labor's Oversight of the Management of the Teamsters' Central States Pension and Health and Welfare Funds
HRD-85-73: Published: Jul 18, 1985. Publicly Released: Aug 19, 1985.
In response to a congressional request, GAO reviewed the Department of Labor's oversight of the management of the Teamsters' Central States, Southeast and Southwest Areas Pension and Health and Welfare Funds to determine: (1) the status of a civil suit which Labor initiated against the Pension Fund's former trustees and officials; (2) the administration of a consent decree entered into between Lab...
Premium Requirements of the Single Employer Pension Insurance Program
127200: Jun 19, 1985
Testimony was given on GAO views of the financial condition of the single employer pension insurance program and a presidential budget request that the current rate for each participant be increased to $7.50 retroactive to January 1, 1985. The Pension Benefit Guaranty Corporation (PBGC) administers the self-financing program which finances insurance claims for guaranteed benefits not funded by spo...
The Department of Labor's Handling of the Investigation and Litigation of Alleged Abuses of the Southern Nevada Culinary Workers and Bartenders Pension Trust Fund
HRD-84-60: Published: Sep 28, 1984. Publicly Released: Nov 5, 1984.
Pursuant to a congressional request, GAO examined the Department of Labor's handling of the investigation and litigation of alleged abuses of the Southern Nevada Culinary Workers and Bartenders Pension Trust Fund which resulted in one of the major lawsuits brought to date under the Employment Retirement Security Act (ERISA).GAO found that, under its ERISA responsibilities, Labor investigated certa...
Comments on the Economic Implications of the Proposed Florio Amendment to the Nondiscrimination in Insurance Act
OCE-84-6: Published: Sep 27, 1984. Publicly Released: Oct 29, 1984.
GAO was asked to analyze a substitute to H.R. 100, proposed legislation which would prohibit distinctions based on race, color, religion, sex, or national origin in the marketing and pricing of insurance and pension contracts. The bill would have required that: (1) sex-distinct premiums and benefits in the contracts be equalized; and (2) no one's benefits be reduced as part of the equalization pro...
Review of Reimbursements to Contractors for Payments Into Private Pension Plans
089642: Feb 5, 1975
No summary is currently available...
Statement on Investigation To Reform Teamsters' Central States, Southeast and Southwest Areas Pension Fund
119252: Jul 26, 1982
GAO discussed its review of the Government's investigation to reform the Teamsters' Central States, Southeast and Southwest Areas Pension Fund. Since the Fund's inception in 1955, its trustees have been the subject of controversy and allegations of misuse and abuse of its assets. Over the past 14 years, various Federal agencies have investigated the Fund and the alleged misconduct by the trustees...
Audit of Report of the U.S. Army Nonappropriated Fund Employee Retirement Plan for Fiscal 1980
AFMD-82-65: Published: Jun 29, 1982. Publicly Released: Jun 29, 1982.
GAO examined the statement of financial position of the U.S. Army Nonappropriated Fund Employee Retirement Plan as of September 30, 1980. The evaluation included the related statements of changes in net assets available for benefits and in the present value of accumulated plan benefits for the year then ended.GAO found the following omissions which needed correction: (1) neither the accounting and...