Retirees (81 - 90 of 165 items)
HEHS-95-219R: Published: Aug 11, 1995. Publicly Released: Aug 23, 1995.
Pursuant to a congressional request, GAO provided information on the frequency and characteristics of cost-of-living adjustments (COLA) that retirees receive from public and private pension plans. GAO noted that: (1) Social Security and federal pension plans incorporate automatic, annual COLA; (2) over half the states reporting to the Bureau of Labor Statistics provide automatic COLA annually, gen...
Overview of Federal Retirement Programs
T-GGD-95-172: Published: May 22, 1995. Publicly Released: May 22, 1995.
GAO discussed federal retirement issues, focusing on the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS). GAO noted that: (1) CSRS has been closed to new entrants since 1983 and is a stand-alone pension system, while FERS covers employees who began federal service after 1983 and includes social security coverage, a pension plan, and a thrift savings plan;...
HEHS-95-136R: Published: Apr 27, 1995. Publicly Released: May 11, 1995.
Pursuant to a congressional request, GAO provided information on: (1) the methodology the Department of Defense (DOD) used to prepare its report to Congress on concurrent receipt of DOD retirement benefits and Department of Veterans Affairs (VA) disability compensation; and (2) estimated 1-year outlays if Congress allowed concurrent receipt for a limited group of retirees. GAO noted that: (1) DOD...
GGD-95-200R: Published: Apr 3, 1995. Publicly Released: Apr 3, 1995.
Pursuant to a congressional request, GAO reviewed information on the funding status of the Civil Service Retirement System. GAO noted that: (1) the system's unfunded liability is not a problem that needs to be fixed to avoid a steep increase in outlays from the Treasury or increases in the deficit; and (2) there should be sufficient assets in the retirement fund to cover benefit payments to all cu...
Social Security: GAO's Analysis of the Notch Issue
T-HEHS-94-236: Published: Sep 16, 1994. Publicly Released: Sep 16, 1994.
GAO discussed the differences in Social Security benefits for retirees with similar work histories. GAO noted that: (1) retirees in the notch group who claim an inequity are comparing themselves to a group of retirees that receive benefits based on an overgenerous formula; (2) proposed legislative remedies for providing additional benefits to the notch group will be costly; (3) further diminishing...
Army Materiel Command: Providing Early Retirement Incentives in 1990 Could Have Saved Money
NSIAD-93-233: Published: Aug 24, 1993. Publicly Released: Aug 24, 1993.
Pursuant to a congressional request, GAO estimated the potential savings to the government if the Army Materiel Command (AMC) had implemented certain retirement incentives in 1990.GAO found that: (1) the cost savings from additional retirements would have ranged from $100,000 to $250,000 per retiree if AMC did not replace the retiree; (2) factors affecting the costs of retirement incentives includ...
Retiree Health Plans: Health Benefits Not Secure Under Employer-Based System
HRD-93-125: Published: Jul 9, 1993. Publicly Released: Jul 9, 1993.
Pursuant to a congressional request, GAO provided information on private-sector employers' reductions of retiree health benefits, focusing on the: (1) type of benefit reductions; (2) impact of Financial Accounting Standard (FAS) 106; and (3) federal courts' basis for allowing employers to reduce retiree health benefits.GAO found that: (1) employers are controlling retiree health benefit costs by i...
Private Pensions: Protections for Retirees' Insurance Annuities Can Be Strengthened
HRD-93-29: Published: Mar 31, 1993. Publicly Released: Apr 22, 1993.
Pursuant to a congressional request, GAO reviewed the adequacy of protections for retirees' insurance annuities, focusing on: (1) state guarantee coverage of insurance annuities retirees receive from private pension plans; (2) federal regulation and oversight of private pension plans' selection of insurers to provide annuity benefits; and (3) options for improving annuity protections.GAO found tha...
District's Pensions: Billions of Dollars in Liability Not Funded
HRD-93-32: Published: Nov 30, 1992. Publicly Released: Nov 30, 1992.
Pursuant to a congressional request, GAO reviewed the growth of the District of Columbia's unfunded pension liability, focusing on: (1) how the District's retirement plans compare with other municipal retirement plans; and (2) the impact of U.S. Secret Service personnel on the District's pension liability.GAO found that: (1) in 1979, Congress transferred responsibility for $2 billion in unfunded p...
GGD-93-2R: Published: Oct 20, 1992. Publicly Released: Oct 20, 1992.
Pursuant to a congressional request, GAO evaluated the impact of increased federal employee retirement at the end of 1990 due to the suspension of the lump-sum retirement benefit. GAO found that: (1) the pattern of retirements for 1989 and 1990 were similar, except that the largest number of monthly retirements occurred in November of 1990, compared to December of 1989, because many employees reti...