Social security benefits (11 - 20 of 39 items)
Retirement Income: Intergenerational Comparisons of Wealth and Future Income
GAO-03-429: Published: Apr 25, 2003. Publicly Released: Apr 25, 2003.
Today's workers will rely to a large extent on Social Security, private pensions, and personal wealth for their retirement income. But some analysts question whether these sources will provide sufficient retirement income to maintain workers' standards of living once they leave the labor force. Indeed, the Social Security trust funds are projected to become exhausted in 2042, at which time, unless...
Military and Veterans' Benefits: Observations on the Concurrent Receipt of Military Retirement and VA Disability Compensation
GAO-03-575T: Published: Mar 27, 2003. Publicly Released: Mar 27, 2003.
Because pending legislation would modify current law, which requires that military retirement pay be reduced by the amount of VA disability compensation benefit received, the Subcommittee on Personnel, Senate Committee on Armed Services asked GAO to discuss the treatment of concurrent benefit receipt in other programs. GAO was also asked to discuss its broader work on federal disability programs.T...
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...
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...
Social Security: Different Approaches for Addressing Program Solvency
HEHS-98-33: Published: Jul 22, 1998. Publicly Released: Aug 21, 1998.
Pursuant to a congressional request, GAO provided information on issues related to social security financing, focusing on: (1) the various perspectives that underlie the current solvency debate; (2) the reform options within the current program structure; (3) the issues that might arise if social security were restructured to include individual retirement accounts; and (4) the likely impacts on na...
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...
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...
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...