Pension plan cost control (81 - 86 of 86 items)
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...
Need for Recognition of the Full Cost of Retirement Benefits for Federal Work Force
FPCD-79-49: Published: Apr 11, 1979. Publicly Released: Apr 11, 1979.
The Senate adopted a resolution requiring the Secretary of the Treasury to conduct a complete study of certain Federal and District of Columbia retirement programs to determine their financing methods, the extent of their unfunded liabilities, and any actions necessary to insure their solvency. A series of reports on Federal retirement matters have been issued since 1974. Congress is not being pro...
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...
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...
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 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...