Government retirement benefits (11 - 20 of 22 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;...
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...
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...
Action Needed To Reduce, Account for, and Collect Overpayments to Federal Retirees
AFMD-83-19: Published: Jun 28, 1983. Publicly Released: Jun 28, 1983.
GAO undertook a review to determine whether the Office of Personnel Management (OPM) has adequate internal controls to prevent, account for, and collect overpayments made from the Civil Service Retirement and Disability Fund.GAO found that most OPM retirement and disability fund overpayments occur when beneficiaries undergo a status change that either eliminates their entitlement to benefits or re...
District of Columbia's Police and Firemen Retirement and Relief System
B-118638: Published: Apr 10, 1974. Publicly Released: Nov 8, 1982.
No summary is currently available...
Apportioning Retirement Benefits to Former Spouses of Federal Employees
FPCD-80-56: Published: Jul 28, 1980. Publicly Released: Aug 27, 1980.
In an examination of the economic protection provided to widows or widowers and divorced spouses of Federal employees, GAO evaluated the equity of the current law, its administration by the Office of Personnel Management (OPM), and some possible alternative methods of providing retirement income to former spouses. The law requires OPM to comply with State court orders or decrees that divide civil...
Comments on H.R. 3956
B-199061: Published: Jun 13, 1980. Publicly Released: Jun 13, 1980.
A Senator asked whether a retired former Foreign Service Officer, receiving government retirement benefits, would be obliged to forego these benefits if he accepted a post with a foreign government. Since the Foreign Service retirement he receives is administered by the Secretary of State, he would not forfeit these benefits whether or not congressional consent was received. The Foreign Service 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...