Pensions (71 - 80 of 88 items)
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...
Military's 1-Year 'Look Back' Retirement Provision Should Be Revoked
FPCD-82-38: Published: Aug 20, 1982. Publicly Released: Aug 20, 1982.
An administration proposal to reform the military retirement system is pending before Congress. Among other things, this proposal seeks to eliminate one of two "look back" provisions currently in effect. The provision to be eliminated allows new retirees to look back one previous pay scale for the purpose of calculating initial retired pay, plus the intervening retired pay cost-of-living adjustmen...
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GAO assessed an outdated provision of the civil service retirement system which establishes the rate of interest charged to employees who owe contributions to the retirement fund.Many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...
A Consumer Price Index for Retirees and Alternatives for Controlling Indexing
118138: Apr 20, 1982
It has been suggested that a separate price index, constructed for retirees and used in lieu of the existing Consumer Price Index (CPI) as the basis for adjusting benefits under various Federal retirement programs, would be more equitable for retirees. GAO constructed such an alternative CPI, reweighting the expenditure and geographic data to reflect the consumption patterns and geographic distrib...
The Government's Investigation of the International Brotherhood of Teamsters' Pension Funds
116761: Oct 28, 1981
In 1978, GAO undertook a comprehensive review of the adequacy and effectiveness of the Department of Labor's investigation of the International Brotherhood of Teamsters' Central States, Southeast, and Southwest areas Pension Fund, including its coordination with the Internal Revenue Service (IRS) and the Department of Justice. Despite apparent benefits, Labor's investigation and subsequent Labor-I...
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...
Assessment of Pension Benefits for Contractors' Employees in Hanford, Washington
HRD-81-103: Published: Jul 8, 1981. Publicly Released: Jul 22, 1981.
Pursuant to a congressional request, GAO reviewed pension plans for contractors' employees at the Department of Energy's (DOE) Hanford Project. Over the past several years, the contractors and the Hanford Atomic Metal Trades Council (HAMTC), as well as DOE, have disagreed on the adequacy of pension benefits for the employees. The disagreement primarily concerns whether the DOE change from a single...
Changes Needed in Calculation of Reduction in Civil Service Annuities for Survivor Benefits
FPCD-81-35: Published: Feb 26, 1981. Publicly Released: Feb 26, 1981.
GAO reviewed the method used by the Office of Personnel Management (OPM) to reduce the civil service annuities of retired federal employees who have elected survivor benefits for their spouses. Specifically, its objectives were to evaluate the OPM method of calculating the survivor benefit reduction when applying cost-of-living adjustments and to determine what the effects would be if the method w...
Comments Involving S. 91
B-170232: Published: Nov 10, 1980. Publicly Released: Nov 10, 1980.
Two members of the House committee on Armed Services expressed dissatisfaction with the suggestions by GAO on S. 91, a bill to revise the military Survivor Benefit Plan. It was also suggested that GAO should not be reviewing policy issues within the Committee's jurisdiction. GAO held that, while changes in the Survivor Benefit Plan are necessary, the changes should be made in the cost of the plan...
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...