Beneficiaries (31 - 40 of 42 items)
The Social Security Notch Issue
T-HRD-89-2: Published: Jan 23, 1989. Publicly Released: Jan 23, 1989.
GAO discussed its and the National Academy of Social Insurance's studies of the social security notch issue. GAO found that: (1) benefit differences arose between retiree groups of similar ages because a problem with the benefit formula instituted in 1972 led to higher benefits than expected; (2) in 1977, Congress set the replacement rate for an average earner retiring at age 65 at about 42 percen...
Social Security: Staff Reductions and Service Quality
HRD-88-97: Published: May 13, 1988. Publicly Released: May 13, 1988.
In response to a congressional request, GAO reviewed the Social Security Administration's (SSA) quality of service to the public in processing benefits claims and the consistency and reliability of its processing during staff reductions.GAO found that SSA: (1) improved its processing timeliness, payment accuracy rates, and pending work-load sizes between December 1986 and December 1987; (2) decrea...
Pension Plans: Vesting Status of Participants in Selected Small Plans
HRD-88-31: Published: Oct 30, 1987. Publicly Released: Oct 30, 1987.
In response to a congressional request, GAO provided information on the vesting status of individuals in top-heavy retirement plans in small businesses with fewer than 100 employees, to determine the likely effect of the Tax Reform Act of 1986 on their vesting status.GAO found that of the 128 retirement plans it reviewed: (1) shorter-tenured workers would have been adversely affected by the change...
Railroad Retirement: Federal Financial Involvement
HRD-86-88: Published: May 9, 1986. Publicly Released: Jun 7, 1986.
Pursuant to a congressional request, GAO: (1) presented an inventory and description of past and present federal financial assistance to the Railroad Retirement Board (RRB) retirement and unemployment programs; and (2) showed how much assistance would be needed under current laws to continue the federal government's unique relationship with these programs.GAO found that: (1) federal government inv...
Railroad Retirement: Size, Nature, and Funding Sources
HRD-86-73FS: Published: Mar 5, 1986. Publicly Released: Mar 5, 1986.
Pursuant to a congressional request, GAO reviewed the federal government's financial involvement in the railroad retirement and unemployment insurance programs.GAO found that: (1) the federal government provides half of the programs' annual revenues, which help pay for social-security-equivalent benefits; (2) windfall benefits to retirees who are entitled to railroad retirement and social security...
Retirement Benefits: Discrepancies in Benefits Paid by the Railroad Retirement Board for SSA
HRD-86-3: Published: Feb 5, 1986. Publicly Released: Feb 5, 1986.
GAO surveyed 17 different types of data exchanges between the Railroad Retirement Board (RRB) and the Social Security Administration (SSA), focusing on the benefit payments that RRB made on behalf of SSA.GAO found that, although RRB and SSA developed a monitoring system (CSAUDIT) to verify the accuracy of payments RRB made on behalf of SSA to beneficiaries entitled to both railroad retirement and...
Effects of the 1980 Multiemployer Pension Plan Amendments Act on Plan Participants' Benefits
HRD-85-58: Published: Jun 14, 1985. Publicly Released: Jun 14, 1985.
Pursuant to the requirements of the Multiemployer Pension Plan Amendments Act, GAO studied the effects of plan terminations and benefits changes on plan participants.GAO found that: (1) while plan terminations increased from 27 in the 6 years before the act to 66 in the 4 years after, such terminations affected less than 1 percent of total plan participants nationwide; (2) the act was cited as a r...
Retirement and Unemployment Insurance Programs of the Railroad Retirement Board
121261: May 3, 1983
Testimony was given concerning proposed legislation that would improve the financial condition of the railroad retirement and unemployment programs. GAO also described how the system operates and how it is tied to social security and discussed past GAO proposals to improve the railroad retirement program's financial condition. The railroad retirement program involves benefits similar to those avai...
Relationship of Dual Benefit Windfall Payments to Total Railroad Retirement Benefits
HRD-82-97: Published: Jul 12, 1982. Publicly Released: Aug 11, 1982.
Pursuant to a congressional request, GAO examined: (1) the relationship of railroad retirement dual benefit windfall payments to the total payments railroad retirement beneficiaries receive, and (2) the potential effect on railroad retirement beneficiaries of reduced windfall payments under various appropriation levels.GAO obtained and analyzed payment data from the Railroad Retirement Board's rec...
Keeping the Railroad Retirement Program on Track--Government and Railroads Should Clarify Roles and Responsibilities
HRD-81-27: Published: Mar 9, 1981. Publicly Released: Apr 10, 1981.
The railroad retirement program is the only federally administered pension plan for a private industry. Funds to finance the program consist of taxes paid by railroad workers and employers, transfers from social security trust funds, and general revenue appropriations from the Federal Government. A review was performed of the Federal role in providing financial assistance to the program and the al...