Retirement income (81 - 90 of 92 items)
Allocation of an Air Force Contractor's Pension Fund Assets May Be Inequitable
HRD-81-152: Published: Sep 23, 1981. Publicly Released: Sep 23, 1981.
The Air Force has contracted for services at the Eastern Test Range, Cape Canaveral, with Pan American World Airways for over 25 years. Pan American provided pension benefits for its employees through its Cooperative Retirement Income Plan and is reimbursed by the Government for contributions to the plan for employees working on the Eastern Test Range contract.During a review of contractors' compl...
Cost-of-Living Increases for Federal Civilian and Military Retirees
B-130150: Published: Jul 1, 1980. Publicly Released: Jul 1, 1980.
GAO has long been concerned about the equity and costs of the Government's policy of full, automatic cost-of-living increases for Federal civilian and military retirees. GAO was pleased to see that the First Concurrent Budget Resolution for fiscal year 1981 assumed enactment of its recommendations to Congress to provide retirement cost-of-living adjustments annually and prorate the initial adjustm...
Effects of the Employee Retirement Income Security Act on Pension Plans With Fewer Than 100 Participants
HRD-79-56: Published: Apr 16, 1979. Publicly Released: Apr 16, 1979.
The Employee Retirement Income Security Act (ERISA) established minimum standards and requirements governing the design and operation of private pension plans. Responsibilities for carrying out the Act are assigned to the Department of Labor, the Internal Revenue Service, and the Pension Benefit Guaranty Corporation. As of mid-1977, 471,341 (93 percent) of the private pension plans had fewer than...
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...
Laws Protecting Union Members and Their Pension and Welfare Benefits Should Be Better Enforced
HRD-78-154: Published: Sep 28, 1978. Publicly Released: Sep 28, 1978.
The Labor Management Reporting and Disclosure Act (LMRDA) imposes federal standards and reporting and disclosure requirements to help eliminate or prevent improper and corrupt practices by labor unions and their officers and representatives. The Employee Retirement Income Security Act (ERISA) regulates the private pension and welfare plan systems for providing working Americans with retirement inc...
Effect of the Employee Retirement Income Security Act on the Termination of Single Employer Defined Benefit Pension Plans
HRD-78-90: Published: Apr 27, 1978. Publicly Released: Apr 27, 1978.
The Employee Retirement Income Security Act (ERISA) requires private pension plans to meet extensive, complex minimum standards and reporting and disclosure requirements. Concerns were expressed about ERISA effects on small businesses and their employees and the increase in pension plan terminations after enactment of the legislation.The act did contribute to a large degree to pension plan termina...
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...
Review of Records Management Practices for Reports Required To Be Filed Under the Employee Retirement Income Security Act of 1974
HRD-78-27: Published: Dec 29, 1977. Publicly Released: Dec 29, 1977.
At the request of the U.S. Senate, the records management practices of the Department of Labor were reviewed as they related to financial and other reports required to be filed by labor-management welfare and pension plans. The Employee Retirement Income Security Act of 1974 (ERISA) requires pension and welfare benefit plan administrators to report and disclose extensive information about pension...
Cost-of-Living Adjustments for New Federal Retirees: More Rational and Less Costly Processes Are Needed
FPCD-78-2: Published: Nov 17, 1977. Publicly Released: Nov 17, 1977.
To protect the purchasing power of retirement income, the annuities of Federal employees under the various retirement systems are automatically adjusted each March 1 and September 1 for the increase in the consumer price index during the preceding 6-month period ending December 31 and June 30, respectively. Since, by law, cost-of-living adjustments are applicable to all annuities payable on the ef...
Efforts To Implement the Employee Retirement Income Security Act of 1974 by the Department of Labor
HRD-77-99: Published: Jul 6, 1977. Publicly Released: Jul 6, 1977.
Members of congressional committees, Department of Labor officials, and employee benefit plan administrators are concerned about problems Labor has experienced in administering the Employee Retirement Income Security Act of 1974, the first comprehensive Federal law regulating employee benefits. Specific concern has been expressed about delays in issuing regulations and acting on requests for exemp...