Pension plan (81 - 90 of 92 items)
An Actuarial and Economic Analysis of State and Local Government Pension Plans
PAD-80-1: Published: Feb 26, 1980. Publicly Released: Feb 26, 1980.
A study of future economic problems is being directed by the Joint Economic Committee. The goal of the study is to obtain more accurate estimates of future outlays from pension plans and the potential effect of these outlays on the Nation's economic resources. The main focus of the study was projecting the cost to State and local government pension plans of future benefit payout. To place benefit...
Study of the Funding of State and Local Government Retirement Systems
110489: Sep 27, 1979
A study of the funding of public employee pension systems maintained by state and local governments covered 72 pension plans administered by 8 state and 26 local governments. The states selected included different parts of the nation and different approaches to pension funding. The review was directed toward a broad spectrum of pension activity to determine the potential financial impact of pensio...
Internal Revenue Service Efforts and Plans To Enforce the Employee Retirement Income Security Act
HRD-79-55: Published: Mar 28, 1979. Publicly Released: Mar 28, 1979.
Efforts to enforce the provisions of the Employee Retirement Income Security Act (ERISA) by the Internal Revenue Service (IRS) were reviewed.Since the enactment of ERISA, IRS has spent most of its field enforcement effort on determining whether plan provisions comply with ERISA requirements. Weaknesses in the determination process may result in pension plans being approved and operated which do no...
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...
Review of RCA Retirement Benefits Questioned by Terminated Employee
PSAD-78-116: Published: May 26, 1978. Publicly Released: May 26, 1978.
A terminated employee questioned the manner in which the RCA Corporation administered and implemented its employees' retirement plan. Aaron alleged that RCA committed fraud by pocketing Government-reimbursed employer contributions to the retirement fund and that employees were not receiving applicable benefits under the company's retirement plan. The employee, who worked on Government contracts du...
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...
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...
The Investment Decisionmaking Process In Two Georgia Public Employee Retirement Plans
HRD-77-21: Published: Nov 30, 1976. Publicly Released: Nov 30, 1976.
The second in a series of seven case studies was performed of the Employees' Retirement System of Georgia and the Atlanta General Employees' Pension Plan. The Georgia plan is the second largest of five employee-administered state retirement plans with about 48,300 members and assets of about $355 million. The Atlanta plan is the largest of three plans for city employees with about 14,400 members a...