Civil service retirement system (11 - 20 of 25 items)
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...
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...
Features of Nonfederal Retirement Programs
OCG-84-2: Published: Jun 26, 1984. Publicly Released: Jul 11, 1984.
In response to a congressional request, GAO obtained information on retirement programs in the nonfederal sector to assist in the design of a new civil service retirement system. Using selected surveys, GAO analyzed the pension and capital accumulation portions of nonfederal programs.In reviewing surveys of private sector pension plans, GAO found that vesting usually occurs at 10 years of service...
Comparison of Retirement Benefits for W. R. Grace & Company and Civil Service Employees
OCG-84-1: Published: Jun 12, 1984. Publicly Released: Jul 2, 1984.
In response to a congressional request, GAO compared the retirement benefits offered by W. R. Grace & Company with the benefits available from the Federal civil service retirement system (CSRS).GAO obtained information from the firm on the age, length of service, and retirement benefits for the firm's employees who retired in 1983 and similar data from the Office of Personnel Management for civil...
How the U.S. Military Retirement System Compares With Other Systems
122026: Jul 29, 1983
GAO discussed the U.S. military retirement system by comparing the U.S. system with: (1) the military retirement systems of seven other countries; (2) four other federally sponsored retirement plans; and (3) eight State and local retirement systems. GAO stated that, when compared to other countries' systems, the U.S. military retirement system contains many provisions of distinct advantage to the...
Updating Interest Rates Charged on Outstanding Civil Service Retirement Contributions Would Save Millions
FPCD-82-39: Published: Aug 4, 1982. Publicly Released: Aug 4, 1982.
GAO assessed an outdated provision of the civil service retirement system which establishes the rate of interest charged to employees who owe contributions to the retirement fund.Many retiring federal employees owe the retirement fund for periods of prior civilian service for which contributions were not made. GAO estimates that, if the interest charged on those contributions had been 5 percent ra...
The Civil Service Disability Retirement Program
116371: Sep 16, 1981
More effective actions are needed to remove the economically and medically recovered disabled annuitants from the rolls and to ensure that disability claims are more timely processed. Before age 60, those considered temporarily disabled are by law subject to annual medical examinations until they are determined to be recovered or permanently disabled. Also, until age 60, all disabled annuitants ar...
Civil Service Disability Retirement Program
FPCD-81-18: Published: Dec 15, 1980. Publicly Released: Dec 15, 1980.
In reports issued in 1976 and 1978, GAO recommended several changes to the disability retirement program which would serve to retain marginally disabled yet potentially productive employees. In addition to reviewing the Office of Personnel Management's (OPM) actions on the previous recommendations, GAO examined the processes used in adjudicating disability retirement claims and monitoring the disa...
Some Civil Service Retirees Subject to 'Catch 62' Are Not Being Identified
FPCD-80-47: Published: Apr 22, 1980. Publicly Released: Apr 22, 1980.
In reviewing the "Catch 62" provision of the civil service retirement system whereby military service performed after 1956 cannot be credited for both civil service and social security retirement benefits, GAO identified some administrative problems which could be readily corrected. Under current law, if a civil service retiree becomes eligible for social security benefits at age 62, the Office of...
Proposed Revisions to the Civil Service Retirement System
112099: Apr 16, 1980
Several bills are being considered which would make certain changes to the civil service retirement system. Concerns have been raised that benefits may be paid unnecessarily to many retirees. Legislation should be enacted to encourage retention of potentially productive employees, who are being retired on disability, by requiring agencies to retain such employees in vacant positions they are capab...