Pensions (41 - 50 of 88 items)
Social Security: Congress Should Consider Revising the Government Pension Offset 'Loophole'
GAO-03-498T: Published: Feb 27, 2003. Publicly Released: Feb 27, 2003.
The Government Pension Offset (GPO) exemption was enacted in 1977 to equalize the treatment of workers covered by Social Security and those with government pensions not covered by Social Security. Congress asked GAO to (1) assess the extent to which individuals retiring from jobs not covered by Social Security may be transferring briefly to covered jobs in order to avoid the GPO, and (2) estimate...
Private Pensions: Improving Worker Coverage and Benefits
GAO-02-225: Published: Apr 9, 2002. Publicly Released: Apr 9, 2002.
Although pensions are an important source of income for many retirees, millions of workers lack individual pension coverage. Only half of the nation's workers have been covered by private employer-sponsored pensions since the 1970s. Traditional reforms to the voluntary, single-employer-based pension system have limited potential to expand pension coverage and improve worker benefits. These pension...
Pension Plans: Characteristics of Persons in the Labor Force Without Pension Coverage
HEHS-00-131: Published: Aug 22, 2000. Publicly Released: Aug 22, 2000.
Pursuant to a congressional request, GAO provided information on the: (1) portion of the labor force without pension coverage and how that proportion has changed over the past decade; (2) characteristics of workers in that labor force; and (3) proportion and characteristics of retired people who lack pension income or pension assets.GAO noted that: (1) about 53 percent of the employed labor force...
Social Security: Issues in Comparing Rates of Return With Market Investments
HEHS-99-110: Published: Aug 5, 1999. Publicly Released: Aug 5, 1999.
Pursuant to a congressional request, GAO: (1) examined the estimates of social security's implicit rates of return for different birth years, earning levels, household configurations, and other demographic groupings; (2) examined rates of return available on private market investments; and (3) discussed the issues that arise from comparing social security and market investment returns.GAO noted th...
Social Security Reform: Implications of Private Annuities for Individual Accounts
HEHS-99-160: Published: Jul 30, 1999. Publicly Released: Jul 30, 1999.
Pursuant to a congressional request, GAO provided information on the implications of establishing individual social security accounts, focusing on: (1) the effect individual social security accounts might have on the existing annuities market; (2) factors that affect the amount of annuity payments; and (3) the potential role of the federal government in regulating the annuities market if individua...
Social Security Reform: Implementation Issues for Individual Accounts
HEHS-99-122: Published: Jun 18, 1999. Publicly Released: Jun 18, 1999.
Pursuant to a congressional request, GAO provided information on social security reform, focusing on issues to consider regarding the design and implementation of an individual account system.GAO noted that: (1) the social security system is one of the nation's most important and visible programs; (2) while individual accounts offer the possibility of an improved rate of return on individual contr...
Determining the Taxable Portion of Federal Pension Distributions
GGD-99-73R: Published: May 3, 1999. Publicly Released: May 3, 1999.
Pursuant to a congressional request, GAO provided information on: (1) what reasons, if any, exist for the Office of Personnel Management (OPM) to report the taxable portion of annuity benefits for newly retired federal employees on the Form CSA 1099R (Statement of Annuity Paid); and (2) the feasibility of OPM's doing so.GAO noted that: (1) there are three reasons for OPM to report on Form CSA 1099...
Social Security: Better Payment Controls for Benefit Reduction Provisions Could Save Millions
HEHS-98-76: Published: Apr 30, 1998. Publicly Released: Apr 30, 1998.
Pursuant to a congressional request, GAO reviewed: (1) how well the Social Security Administration (SSA) administers the Government Pension Offset and the Windfall Elimination Provision (WEP) benefit payment provisions of the Social Security Act; and (2) the options to improve any administrative deficiencies.GAO noted that: (1) from several internal studies of SSA's administration of the Governmen...
Federal Pensions: Relationship Between Retiree Pensions and Final Salaries
GGD-97-156: Published: Aug 11, 1997. Publicly Released: Aug 11, 1997.
Pursuant to a congressional request, GAO responded to a series of questions about federal pension costs and retirement policy, focusing on: (1) the number of federal retirees, if any, whose pensions have come to exceed the final salaries that they earned while working; (2) why these retirees' pensions came to exceed their final salaries; (3) the difference, if any, in these retirees' pension amoun...
Income Security Issues Issue Area Plan--Fiscal Years 1997 and 1998
IAP-97-8: Published: Apr 1, 1997. Publicly Released: Apr 1, 1997.
GAO presented its Income Security Issues issue area plan for fiscal years 1997 and 1998.GAO plans to focus on the following pivotal areas: (1) ensuring that public funds for income security programs are spent efficiently and protected from fraud and abuse; (2) improving the Social Security Administration's service to the public at reduced cost; (3) evaluating the adequacy of Social Security, and p...