Employee retirement plans (51 - 60 of 101 items)
Federal Retirement: Benefits for Members of Congress, Congressional Staff, and Other Employees
GGD-95-78: Published: May 15, 1995. Publicly Released: May 15, 1995.
Pursuant to a congressional request, GAO compared the retirement benefits available to members of Congress and congressional staff with those available to other employees under the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS).GAO found that: (1) CSRS provisions for congressional members are generally more generous than those for general employees; (2) M...
D.C. Disability Retirement Rate
GGD-95-133: Published: Mar 31, 1995. Publicly Released: Mar 31, 1995.
Pursuant to a legislative requirement, GAO commented on the computed disability retirement rate for District of Columbia police officers and fire fighters.GAO found that: (1) 11 police officers hired before February 15, 1980, retired on disability in 1994; (2) the enrolled actuary determined that the disability retirement rate should be 0.554 percent; (3) the rate determination complied, in all ma...
DOE Management: Contract Provisions Do Not Protect DOE From Unnecessary Pension Costs
RCED-94-201: Published: Aug 26, 1994. Publicly Released: Oct 19, 1994.
Pursuant to a congressional request, GAO reviewed Department of Energy (DOE) pension fund payments for University of California employees at three DOE laboratories, focusing on whether: (1) DOE can recover the payments if they are unneeded; and (2) provisions in revised contracts will allow DOE to control its future pension costs and prevent unneeded payments.GAO found that: (1) unneeded DOE pensi...
District's Workforce: Annual Report Required by the District of Columbia Retirement Reform Act
GGD-94-64: Published: Mar 31, 1994. Publicly Released: Mar 31, 1994.
Pursuant to a legislative requirement, GAO commented on the computed disability retirement rate for District of Columbia police officers and fire fighters.GAO found that: (1) 15 police officers and 1 fire fighter hired before February 15, 1980 retired on disability in 1993; (2) the enrolled actuary determined that the disability retirement rate should be 0.737 percent; (3) the rate determination c...
Army Materiel Command: Providing Early Retirement Incentives in 1990 Could Have Saved Money
NSIAD-93-233: Published: Aug 24, 1993. Publicly Released: Aug 24, 1993.
Pursuant to a congressional request, GAO estimated the potential savings to the government if the Army Materiel Command (AMC) had implemented certain retirement incentives in 1990.GAO found that: (1) the cost savings from additional retirements would have ranged from $100,000 to $250,000 per retiree if AMC did not replace the retiree; (2) factors affecting the costs of retirement incentives includ...
Retiree Health Plans: Health Benefits Not Secure Under Employer-Based System
HRD-93-125: Published: Jul 9, 1993. Publicly Released: Jul 9, 1993.
Pursuant to a congressional request, GAO provided information on private-sector employers' reductions of retiree health benefits, focusing on the: (1) type of benefit reductions; (2) impact of Financial Accounting Standard (FAS) 106; and (3) federal courts' basis for allowing employers to reduce retiree health benefits.GAO found that: (1) employers are controlling retiree health benefit costs by i...
Private Pensions: Protections for Retirees' Insurance Annuities Can Be Strengthened
HRD-93-29: Published: Mar 31, 1993. Publicly Released: Apr 22, 1993.
Pursuant to a congressional request, GAO reviewed the adequacy of protections for retirees' insurance annuities, focusing on: (1) state guarantee coverage of insurance annuities retirees receive from private pension plans; (2) federal regulation and oversight of private pension plans' selection of insurers to provide annuity benefits; and (3) options for improving annuity protections.GAO found tha...
Private Pensions: Most Underfunded Plan Sponsors Are Not Making Additional Contributions
T-HRD-93-16: Published: Apr 20, 1993. Publicly Released: Apr 20, 1993.
GAO discussed defined benefit pension plan funding issues. GAO noted that: (1) funding for underfunded plans is not improving, since the number of underfunded plans and the amount of underfunding increased from 1989 to 1991; (2) of 60 underfunded plans sampled, one-third are making additional contributions under an Internal Revenue Code provision, and the remaining plans do not make additional con...
Army Materiel Command: Factors Influencing Retirement Decisions During 1990 Reduction in Force
NSIAD-93-28BR: Published: Dec 31, 1992. Publicly Released: Jan 29, 1993.
GAO examined early retirements that Army Materiel Command (AMC) civilian personnel took during a 1990 reduction-in-force action, focusing on: (1) how the early retirements helped to avoid involuntary separations; (2) the major differences among personnel who took early retirement and those who did not; and (3) retirement-eligible employees' reactions to hypothetical retirement incentives.GAO found...
Private Pensions: Changes Can Produce a Modest Increase in Use of Simplified Employee Pensions
HRD-92-119: Published: Jul 1, 1992. Publicly Released: Jul 1, 1992.
Pursuant to a congressional request, GAO reviewed the use of simplified employee pensions, focusing on the: (1) extent to which small businesses sponsor those and other retirement plans; (2) reasons for low levels of plan sponsorship; and (3) likely effects of proposed legislative changes on plan sponsorship and worker coverage.GAO found that: (1) the level of simplified employee pension sponsorsh...