Retirement benefits (71 - 80 of 83 items)
Demographic and Economic Characteristics of Social Security Retiree Families
HRD-82-131: Published: Sep 28, 1982. Publicly Released: Oct 8, 1982.
GAO developed demographic and financial data on newly entitled social security retiree families as a backdrop against which proposals to limit or curtail benefits to the spouses and dependent children of future retirees could be examined.GAO found that a higher percentage of workers are retiring early, at age 62 to 64, now than in the past. In 1965, early retirees accounted for 66 percent of all n...
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...
Social Security Benefit Increases for Inflation May Leave Many Retirees Worse Off Financially
HRD-82-40: Published: Jul 2, 1982. Publicly Released: Jul 2, 1982.
GAO was asked to examine the net effects of the 1980 and 1981 annual social security benefit increases on the amount of discretionary income of Hawaiian retirees after they had paid for their basic food, shelter, and medical care needs.GAO found that, in all simulated cases, the amount of real discretionary purchasing power that retirees had after paying for basic necessities had declined. The amo...
A CPI for Retirees Is Not Needed Now but Could Be in the Future
GGD-82-41: Published: Jun 1, 1982. Publicly Released: Jun 1, 1982.
GAO reviewed the need for a retirees' Consumer Price Index (CPI) to aid Congress and others in deliberations regarding possible actions to maintain the financial stability of retirement programs.GAO found that the use of a workers' index to trigger cost-of-living adjustments for the beneficiaries of the four major federal retirement programs had placed an extra financial strain on those programs....
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...
S. 677, the Civil Service Retirement Cost-of-Living Adjustment Act of 1981
114823: Apr 1, 1981
Under present law, all civil service annuities are adjusted semiannually by the full percentage increase in the Consumer Price Index. Under S. 677, retirees and survivors age 65 and over would continue to receive full, semiannual adjustments; however, those retirees and survivors under age 65 would receive adjustments only once a year. GAO believes that the proposed legislation would reduce the re...
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...
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...
An Actuarial and Economic Analysis of State and Local Government Pension Plans
PAD-80-1: Published: Feb 26, 1980. Publicly Released: Feb 26, 1980.
A study of future economic problems is being directed by the Joint Economic Committee. The goal of the study is to obtain more accurate estimates of future outlays from pension plans and the potential effect of these outlays on the Nation's economic resources. The main focus of the study was projecting the cost to State and local government pension plans of future benefit payout. To place benefit...
Federal Retirement Issues
109874: Jul 12, 1979
A review of Federal retirement issues covered the following areas: need for a Federal retirement policy, costing and funding practices, disability retirement, and cost-of-living adjustments. There are 38 retirement systems maintained for various groups of personnel by Federal agencies and instrumentalities; consequently, there is a need to establish an overall, coordinated Federal retirement syste...