Retirees (91 - 100 of 165 items)
Comments on the Social Security Notch Issue
T-HRD-92-46: Published: Jul 23, 1992. Publicly Released: Jul 23, 1992.
GAO discussed its: (1) work on the "notch" disparity in Social Security benefits; and (2) belief that Congress made the right decision in not advancing notch legislation. GAO noted that: (1) other studies have confirmed and supported its original analysis and findings; (2) the notch group is not worse off compared to other beneficiaries; (3) the notch is an artifact of the corrected wage-indexed f...
Employee Benefits: Financing Health Benefits of Coal Industry Retirees
HRD-92-137FS: Published: Jul 22, 1992. Publicly Released: Jul 22, 1992.
Pursuant to a congressional request, GAO provided information regarding proposed legislation for coal industry retirees' health benefits and existing pension trusts, focusing on: (1) the characteristics of the trusts' beneficiaries, (2) the benefits provided, and (3) the present and projected financial condition of the trusts.GAO found that: (1) there were deficits in the industry's pension and be...
Public Pension Offset
GGD-92-15R: Published: May 15, 1992. Publicly Released: May 15, 1992.
Pursuant to a congressional request, GAO provided information on the Public Pension Offset, a provision of the Social Security Act which reduces social security benefits for those federal and other government retirees who are entitled to social security benefits as spouses of social security recipients. GAO noted that: (1) the offset provision reduces survivor benefits by $2 for every $3 of public...
Pension Plans: Survivor Benefit Coverage for Wives Increased After 1984 Pension Law
HRD-92-49: Published: Feb 28, 1992. Publicly Released: Feb 28, 1992.
Pursuant to a congressional request, GAO provided information on survivor pension benefits for widowed individuals, focusing on: (1) the prevalence of survivor pension benefits; (2) the relative size of survivor benefits received by widowed men and women; (3) the rate at which married pension retirees are retaining a joint and survivor (J&S) annuities; and (4) whether the rate of J&S annuity reten...
Employee Benefits: Effect of Bankruptcy on Retiree Health Benefits
HRD-91-115: Published: Aug 30, 1991. Publicly Released: Sep 25, 1991.
Pursuant to a congressional request, GAO provided information on the effect of employer bankruptcy on retiree health benefits, focusing on: (1) selected bankrupt companies' continued provision of health benefits to their retirees; (2) the extent to which legislation has helped protect retiree health benefits; and (3) effects of bankruptcy on active workers and retirees in company health plans when...
Insurance Company Failures Threaten Retirement Income
T-HRD-91-41: Published: Jun 27, 1991. Publicly Released: Jun 27, 1991.
GAO discussed the impact of insurance company failures on pension plan incomes, focusing on what happens when pension plans purchase insurance annuities and invest funds through insurance companies. GAO noted that: (1) pension plans have purchased annuities for 3 million to 4 million retirees and have invested about a third of all pension assets with insurance companies; (2) between January 1975 a...
Retiree Health: Company-Sponsored Plans Facing Increased Costs and Liabilities
T-HRD-91-25: Published: May 6, 1991. Publicly Released: May 6, 1991.
GAO discussed the increasing costs and liabilities for company-sponsored retiree health coverage. GAO noted that: (1) about one-third of all private-sector workers received retiree health coverage; (2) about 9 million retirees were in company-sponsored health plans, and 39 percent of them were under 65 and not yet eligible for Medicare; (3) the cost of providing retiree health benefits varied cons...
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...