Pension plan cost control (31 - 40 of 86 items)
Private Pensions: 'Top-Heavy' Rules for Owner-Dominated Plans
HEHS-00-141: Published: Aug 31, 2000. Publicly Released: Sep 29, 2000.
Pursuant to a congressional request, GAO reviewed top-heavy rules in relation to other pension laws and regulations intended to ensure that workers benefit equitably from their pension plans, focusing on: (1) key differences between top-heavy rules and the general rules for nondiscrimination and vesting in contributions and benefits; (2) the most recent data available for GAO analysis on the chara...
Pension Benefit Guaranty Corporation: Contracting Management Needs Improvement
HEHS-00-130: Published: Sep 18, 2000. Publicly Released: Sep 21, 2000.
Pursuant to a congressional request, GAO reviewed the effectiveness of the Pension Benefit Guaranty Corporation's (PBGC) contracting activities, focusing on: (1) the basis for PBGC's decisions regarding the use of contractors versus government personnel to address its workloads; (2) PBGC's processes and procedures for selecting contractors; and (3) how effective PBGC has been in monitoring the per...
Improving Financial Condition of the Pension Benefit Guaranty Corporation and Insured Pension Plans
HEHS-99-37R: Published: Dec 18, 1998. Publicly Released: Dec 18, 1998.
Pursuant to a congressional request, GAO provided information on: (1) the Pension Benefit Guaranty Corporation's (PBGC) projections of its financial condition and assumptions used to prepare these projections; and (2) the funding status of the plans it insures and its strategy for investing its assets.GAO noted that: (1) PBGC uses different methodologies to forecast the financial condition of its...
Pension Benefit Guaranty Corporation: Financial Condition Improving, but Long-Term Risks Remain
HEHS-99-5: Published: Oct 16, 1998. Publicly Released: Nov 16, 1998.
Pursuant to a congressional request, GAO reviewed the long-term financial viability of the pension insurance programs, focusing on: (1) the financial condition of the insurance programs and trends in the plans they insure; (2) the impact the Retirement Protection Act of 1994 has had on the financial condition of the Pension Benefit Guaranty Corporation (PBGC) and insured plans; (3) risks to PBGC's...
Federal Pensions: Judicial Survivors' Annuities System Costs and Benefit Levels
GGD-97-87: Published: Jun 27, 1997. Publicly Released: Jun 27, 1997.
Pursuant to a legislative requirement, GAO reviewed certain aspects of the Judicial Survivors' Annuities System (JSAS), focusing on: (1) the system's costs; (2) whether the participants' contributions covered one-half of the costs; and (3) the adjustments needed to achieve the 50-percent figure if the contributions are less than one half of the system's costs.GAO noted that: (1) the participating...
Public Pensions: Section 457 Plans Pose Greater Risk Than Other Supplemental Plans
HEHS-96-38: Published: Apr 30, 1996. Publicly Released: May 15, 1996.
Pursuant to a congressional request, GAO reviewed the status of public pension funding, focusing on how plans established under Internal Revenue Code (IRC) section 457 differ from plans created under IRC sections 401(k) and 403(b).GAO found that: (1) most state and local government employees are covered under section 457 plans because the Tax Reform Act of 1986 prohibited state and local governmen...
Public Pensions: State and Local Government Contributions to Underfunded Plans
HEHS-96-56: Published: Mar 14, 1996. Publicly Released: Apr 12, 1996.
Pursuant to a congressional request, GAO reviewed the status of public pension plan funding, focusing on the basic pension plans of state and local governments.GAO found that: (1) states and localities with underfunded pension plans run the risk of reducing future pension benefits to taxpayers or raising revenues; (2) unfunded liabilities for all state and local pension plans totalled $200 billion...
Proposed Pension Reversion
HEHS-96-54R: Published: Oct 24, 1995. Publicly Released: Oct 24, 1995.
Pursuant to a congressional request, GAO provided information on pension plan underfunding, focusing on a proposed legislative provision that would allow companies to transfer excess assets out of their defined benefit pension plans for any purpose. GAO noted that: (1) current and termination liabilities are measures of liabilities that a plan has accrued as of its valuation date and each relies o...
Private Pension Plans: Efforts to Encourage Infrastructure Investment
HEHS-95-173: Published: Sep 8, 1995. Publicly Released: Sep 26, 1995.
Pursuant to a congressional request, GAO provided information on the role that pension plans play in expanding public investment in infrastructure projects.GAO found that: (1) pension plans have not been investing in domestic public infrastructure because of the combined effects of federal law, which requires plans to seek the highest rate of return on investments and encourages growth by exemptin...
Public Pension Plans: Evaluation of Economically Targeted Investment Programs
PEMD-95-13: Published: Mar 17, 1995. Publicly Released: Apr 12, 1995.
Pursuant to a congressional request, GAO reviewed economically targeted investments (ETI), focusing on the: (1) amount and types of ETI being invested by nonfederal public employee pension plans; (2) realization of competitive returns by ETI programs aimed at business development; and (3) economic effects of business development ETI programs.GAO found that: (1) public pension plans have invested b...