Retirees (61 - 70 of 88 items)
Private Pensions: Risks to Retirees Posed by Insurance Company Failures
T-HRD-91-23: Published: Apr 30, 1991. Publicly Released: Apr 30, 1991.
GAO discussed: (1) risks pensioners faced when their defined benefit plans purchased insurance annuities that are not federally insured; (2) how insurance industry problems affected participants in defined contribution plans; and (3) issues associated with extending federal guarantees to insurance annuitants. GAO noted that: (1) defined benefit plan pensioners whose plans purchased insurance annui...
Private Pensions: Millions of Workers Lose Federal Benefit Protection at Retirement
HRD-91-79: Published: Apr 25, 1991. Publicly Released: Apr 25, 1991.
Pursuant to a congressional request, GAO reviewed the protection available to retirees receiving benefits from insurance companies in case of insurance company failure, focusing on: (1) how many retirees received their benefits from insurance companies; (2) whether federal and state guarantees were available for those annuitants; and (3) recent financial difficulties in the insurance industry.GAO...
Social Security: Analysis of a Proposal to Privatize Trust Fund Reserves
HRD-91-22: Published: Dec 12, 1990. Publicly Released: Jan 11, 1991.
Pursuant to a congressional request, GAO reviewed a congressional proposal to create a new system of Individual Social Security Retirement Accounts (ISSRA), in which workers could place accumulated social security reserves for private-sector investment.GAO found that: (1) the proposal's effect on national saving was unclear; (2) ISSRA could be integrated with the existing progressive benefit struc...
Tax Policy: Taxation of Pension Income for Retired New Jersey Police and Firefighters
GGD-90-73BR: Published: Apr 13, 1990. Publicly Released: Apr 13, 1990.
Pursuant to a congressional request, GAO reviewed the Internal Revenue Service's (IRS) use of actuarial tables, focusing on: (1) the fairness of those tables in computing taxable pension income; and (2) an alternative income computation method that takes into account occupations and other factors.GAO found that: (1) the estimated life expectancies for New Jersey police and firefighters were equal...
Pension Plans: Vesting Status of Participants in Selected Small Plans
HRD-88-31: Published: Oct 30, 1987. Publicly Released: Oct 30, 1987.
In response to a congressional request, GAO provided information on the vesting status of individuals in top-heavy retirement plans in small businesses with fewer than 100 employees, to determine the likely effect of the Tax Reform Act of 1986 on their vesting status.GAO found that of the 128 retirement plans it reviewed: (1) shorter-tenured workers would have been adversely affected by the change...
The Underfunding of Single Employer Pension Plans
130198: Jun 24, 1986
In response to a congressional request, GAO provided information on private pension plan underfunding, specifically: (1) its extent and effects; (2) factors contributing to underfunding; (3) the potential of the Single Employer Pension Plan Amendments Act of 1986 to alleviate the effects of underfunded terminations; and (4) alternatives for controlling underfunding. GAO found that: (1) of the 14,5...
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...
Financial Conditions of Multiemployer Pension Plans Generally Improved From 1978 to 1980
HRD-85-72: Published: Jul 29, 1985. Publicly Released: Jul 29, 1985.
Pursuant to a congressional request, GAO studied the effects of the Multiemployer Pension Plan Amendments Act of 1980 and its provisions, including: (1) characteristics of the plan participants; (2) the plan's financial characteristics; and (3) indicators of the plan's financial condition.GAO collected comparable multiyear data on a sample of multiemployer plans and issued a series of reports on t...
Analysis of Grace Commission Proposals To Change the Civil Service Retirement System
GGD-85-31: Published: Feb 13, 1985. Publicly Released: Feb 19, 1985.
Pursuant to a congressional request, GAO analyzed the recommendations made by the Private Sector Survey on Cost Control, commonly referred to as the Grace Commission, to change the civil service retirement system.The Commission concluded that the cost and benefit levels of the civil service retirement system are much greater than private sector retirement programs. Generally, the Commission's reco...
Computer Matches Identify Potential Unemployment Benefit Overpayments
GGD-83-99: Published: Aug 24, 1983. Publicly Released: Sep 19, 1983.
GAO was asked to determine whether retired Federal civilian and military personnel pensions are being deducted from State unemployment benefits as required by Federal and State law.Through computer matches, GAO identified 604 persons in the District of Columbia, Virginia, and Maryland who may have improperly received unemployment payments. Maryland officials advised GAO that none of the persons ma...