Retirement income (71 - 80 of 92 items)
Private Pensions: Plan Provisions Differ Between Large and Small Employers
HRD-89-105BR: Published: Sep 26, 1989. Publicly Released: Sep 26, 1989.
Pursuant to a legislative requirement, GAO studied private pension plans, focusing on the: (1) differing pension plan options that employers chose within the limits of the law in 1985; and (2) effects of Tax Reform Act of 1986 rule changes on plans and participants.GAO found that: (1) four out of five pension plans used some combination of age and service to determine worker eligibility for plan p...
TVA Management: Information on Compensation for Top Managers
RCED-89-137BR: Published: May 17, 1989. Publicly Released: Jun 16, 1989.
Pursuant to a congressional request, GAO reviewed the levels and types of compensation the Tennessee Valley Authority (TVA) provided its top management employees and its authority for making additional compensation payments.GAO found that: (1) supplemental compensation or relocation incentive payments used to circumvent TVA salary limitations were improper; (2) TVA used its supplemental compensati...
Pension Plan Participation in Leveraged Buyout Funds
T-HRD-89-5: Published: Feb 9, 1989. Publicly Released: Feb 9, 1989.
GAO discussed the role of pension funds in leveraged buyouts (LBO). GAO reviewed 4 plan sponsors and found that: (1) they invested $474 million in assets in 44 LBO; (2) they made their decisions after evaluating the LBO firms' reputations, experience, and track records; (3) generally, LBO fund investments are risky because their assets are committed for 10 or 12 years and cannot be traded on the o...
Private Pensions: Portability and Preservation of Vested Pension Benefits
HRD-89-15BR: Published: Feb 3, 1989. Publicly Released: Feb 3, 1989.
In response to a congressional request, GAO assessed issues relating to the portability and preservation of private pension benefits, specifically: (1) whether job mobility adversely affected retirement income; (2) what kinds of portability and preservation arrangements existed and the extent to which they were used; and (3) the problems and tradeoffs involved in implementing proposals to enhance...
Pension Plans: Labor and IRS Enforcement of the Employee Retirement Income Security Act
HRD-89-32: Published: Jan 23, 1989. Publicly Released: Jan 23, 1989.
Pursuant to a congressional request, GAO reviewed the Department of Labor's (DOL) and the Internal Revenue Service's (IRS) efforts to enforce the Employee Retirement Income Security Act's pension plan provisions.GAO found that: (1) DOL closed 1,323 individual pension plan investigations in fiscal year (FY) 1987 and closed 718 during the first 8 months of FY 1988; (2) DOL closed investigations of 7...
Providing Periodic Personal Earnings and Benefit Statements to Workers Covered by Social Security
T-HRD-88-25: Published: Jul 14, 1988. Publicly Released: Jul 14, 1988.
GAO discussed requiring the Social Security Administration (SSA) to provide periodic personal earnings and benefit statements to workers covered by social security. GAO found that: (1) 70 percent of the 25 million workers in defined benefit pension plans lacked knowledge of their eligibility for early or normal retirement; (2) from 1978 through 1984, SSA recorded $58.8 billion less in earnings tha...
Pension Portability and Preservation: Issues and Proposals
T-HRD-88-24: Published: Jul 12, 1988. Publicly Released: Jul 12, 1988.
GAO examined pension portability and preservation for workers who have vested pension benefits, focusing on: (1) how job mobility affected workers' pension incomes in retirement; (2) types of portability and preservation arrangements; and (3) legislative proposals designed to enhance pension portability and preservation. GAO found that: (1) workers vested in a series of defined benefit plans could...
Retirement Income: 1984 Pension Law Will Help Some Widows but Not the Poorest
HRD-88-77: Published: Jul 11, 1988. Publicly Released: Jul 11, 1988.
Pursuant to a legislative requirement, GAO analyzed the potential effects of the spousal consent provision of the Retirement Equity Act of 1984 on the economic status of future widows, focusing on: (1) how many wives could gain entitlement to survivor benefits as a result of the act; (2) what economic circumstances influenced whether husbands selected survivor benefits, prior to the act; (3) to wh...
Retirement Forecasting: Evaluation of Models Shows Need for Information on Forecast Accuracy
PEMD-87-6A: Published: Dec 31, 1986. Publicly Released: Dec 31, 1986.
GAO reviewed 71 federal retirement models that forecast: (1) federal retirement program costs; (2) the retirement behavior of civilian workers; and (3) the levels and distribution of retirement income.GAO found that: (1) documented models exist for all three retirement outcomes and the efforts to develop and maintain them are considerable; (2) the amount, completeness, and content of the documenta...
Retirement Forecasting: Technical Descriptions of Cost, Decision, and Income Models
PEMD-87-6B: Published: Dec 31, 1986. Publicly Released: Dec 31, 1986.
GAO provided individual descriptions and reviews of 71 federal retirement models that forecast: (1) the costs of federal retirement programs; (2) the retirement behavior of civilian workers; and (3) the levels and distribution of retirement income.GAO noted that the model descriptions included: (1) model name, sponsor's name, and sponsor's address; (2) the primary objective of the model; (3) prior...