Retirees (21 - 27 of 27 items)
State and Local Government Retiree Benefits: Current Funded Status of Pension and Health Benefits
GAO-08-223: Published: Jan 29, 2008. Publicly Released: Feb 28, 2008.
Pension and other retiree benefits for state and local government employees represent liabilities for state and local governments and ultimately a burden for state and local taxpayers. Since 1986, accounting standards have required state and local governments to report their unfunded pension liabilities. Recently, however, standards changed and now call for governments also to report retiree healt...
Retirement Decisions: Federal Policies Offer Mixed Signals about When to Retire
GAO-07-753: Published: Jul 11, 2007. Publicly Released: Jul 11, 2007.
While many factors influence workers' decisions to retire, Social Security, Medicare, and pension laws also play a role, offering incentives to retire earlier and later. Identifying these incentives and how workers respond can help policy makers address the demographic challenges facing the nation. GAO assessed (1) the incentives federal policies provide about when to retire, (2) recent retirement...
Social Security Reform: Preliminary Lessons from Other Countries' Experiences
GAO-05-810T: Published: Jun 16, 2005. Publicly Released: Jun 16, 2005.
Many countries, including the United States, are grappling with demographic change and its effect on their national pension systems. The number of workers for each retiree is falling in most developed countries, straining the finances of national pension programs, particularly where contributions from current workers fund payments to current beneficiaries--known as a "pay-as-you-go" (PAYG) system...
Private Pensions: The Pension Benefit Guaranty Corporation and Long-Term Budgetary Challenges
GAO-05-772T: Published: Jun 9, 2005. Publicly Released: Jun 9, 2005.
More than 34 million workers and retirees in over 29,000 single-employer defined benefit plans rely on a federal insurance program managed by the Pension Benefit Guaranty Corporation (PBGC) to protect their pension benefits. However, the single-employer insurance program's long-term viability is in doubt, and this may have significant implications for the federal budget. In fiscal year 2004, PBGC'...
Financial Management: Review of the Military Retirement Trust Fund's Actuarial Model and Related Computer Controls
AIMD-97-128: Published: Sep 9, 1997. Publicly Released: Sep 9, 1997.
Pursuant to a congressional request, GAO reviewed the Department of Defense (DOD) Military Retirement Trust Fund's actuarial model and related computer controls.GAO noted that: (1) based on GAO's review, GAO concurs with KPMG Peat Marwick LLP's conclusion that the methodology and actuarial assumptions used by the DOD Office of the Actuary to calculate the pension liability as of September 30, 1996...
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...
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...