Retirement benefits (101 - 110 of 345 items)
Older Workers: Policies of Other Nations to Increase Labor Force Participation
GAO-03-307: Published: Feb 13, 2003. Publicly Released: Feb 27, 2003.
In recent years, the challenges of aging populations have become a topic of increasing concern to the developed nations. These challenges range from the fiscal imbalance in national pension systems caused by fewer workers having to provide benefits for greater numbers of retirees, to potential economic strains due to shortages of skilled workers. Part of the solution to these challenges could be...
Retiree Health Benefits at Selected Government Contractors
GAO-03-412R: Published: Feb 27, 2003. Publicly Released: Feb 27, 2003.
Since World War II, some employers have voluntarily sponsored postretirement health plans as a benefit to their employees. According to government sources, these health plans constitute the primary source of health coverage for retirees aged 55 to 64 and supplemental coverage for nearly one third of retirees aged 65 or older with Medicare coverage. However, with costs already amounting to hundreds...
Review of the Office of Personnel Management's Analysis of the United States Postal Service's Funding of Civil Service Retirement System Costs
GAO-03-448R: Published: Jan 31, 2003. Publicly Released: Jan 31, 2003.
In our December 2001 report, "United States Postal Service: Information on Retirement Plans" (GAO-02-170), we raised the question of whether the United States Postal Service (USPS) was paying more or less than appropriate to cover benefit payments for the Civil Service Retirement System (CSRS) for which it is responsible. In May 2002, we asked the Office of Personnel Management (OPM) to calculate...
Social Security: Analysis of Issues and Selected Reform Proposals
GAO-03-376T: Published: Jan 15, 2003. Publicly Released: Jan 15, 2003.
Social Security not only represents the foundation of our retirement income system; it also provides millions of Americans with disability insurance and survivors' benefits. As a result, Social Security provides benefits that are critical to the current and future well-being of tens of millions of Americans. However, the system faces both solvency and sustainability challenges in the longer term....
Social Security Reform: Analysis of Reform Models Developed by the President's Commission to Strengthen Social Security
GAO-03-310: Published: Jan 15, 2003. Publicly Released: Jan 15, 2003.
Social Security is an important social insurance program affecting virtually every American family. It represents a foundation of the nation's retirement income system and provides millions of Americans with disability insurance and survivors' benefits. Over the long term, as the baby boom generation retires, Social Security's financing shortfall presents a major solvency and sustainability challe...
Private Pensions: Participants Need Information on the Risks of Investing in Employer Securities and the Benefits of Diversification
GAO-02-943: Published: Sep 6, 2002. Publicly Released: Oct 7, 2002.
The financial collapse of large firms and the effects on workers and retirees has raised questions about retirement funds being invested in employer securities and the laws governing such investments. Pensions are important source of income of many retirees, and the federal government has encouraged employers to sponsor and maintain pension and savings plans for their employees. The continued grow...
Social Security: Long-Term Financing Shortfall Drives Need for Reform
GAO-02-845T: Published: Jun 19, 2002. Publicly Released: Jun 19, 2002.
Social Security not only represents the foundation of our retirement income system; it also provides millions of Americans with disability insurance and survivor's benefits. Although the Social Security Trustees now project that under the intermediate or "best estimate" assumptions the combined Social Security Trust Funds will be exhausted 3 years later than in last year's estimates, the magnitude...
Retiree Health Benefits: Examples of Employer-Reported Obligations in Selected Industries
GAO-02-639R: Published: Apr 29, 2002. Publicly Released: May 29, 2002.
In addition to providing an overview of a company's business operations, the annual reports submitted to the Securities and Exchange Commission present important information on an employer's estimated obligations for postemployment benefits, including retiree health benefits. However, the assumption used to estimate obligations for postemployment benefits vary across companies and are not comparab...
Private Pensions: Key Issues to Consider Following the Enron Collapse
GAO-02-480T: Published: Feb 27, 2002. Publicly Released: Feb 27, 2002.
The collapse of the Enron Corporation and the resulting loss of employee retirement savings highlighted several key vulnerabilities in the nation's private pension system. Asset diversification was a crucial lesson, especially for defined contribution plans, in which employees bear the investment risk. The Enron case underscores the importance of encouraging employees to diversify. Workers need cl...
United States Postal Service: Information on Retirement Plans
GAO-02-170: Published: Dec 31, 2001. Publicly Released: Dec 31, 2001.
This report identifies long-term structural or operational issues that may affect the U. S. Postal Services's (USPS) ability to provide affordable universal postal service on a break-even basis. One key issue is the Service's retirement costs and future liabilities. USPS had a net loss of $199 million in fiscal year 2000 and recently announced a $1.7 billion net loss for fiscal year 2001. The impa...