Federal employee retirement programs (21 - 30 of 46 items)
Thrift Savings Plan
HEHS-96-66R: Published: Nov 14, 1995. Publicly Released: Nov 14, 1995.
Pursuant to a congressional request, GAO reviewed: (1) why Congress replaced the Civil Service Retirement System (CSRS) with the Federal Employees Retirement System (FERS); and (2) the Federal Retirement Thrift Investment Board's response to the GAO recommendation concerning the inclusion of participant information on contributions to Thrift Savings Plan (TSP) retirement accounts. GAO noted that:...
GGD-95-200R: Published: Apr 3, 1995. Publicly Released: Apr 3, 1995.
Pursuant to a congressional request, GAO reviewed information on the funding status of the Civil Service Retirement System. GAO noted that: (1) the system's unfunded liability is not a problem that needs to be fixed to avoid a steep increase in outlays from the Treasury or increases in the deficit; and (2) there should be sufficient assets in the retirement fund to cover benefit payments to all cu...
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...
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...
GGD-93-2R: Published: Oct 20, 1992. Publicly Released: Oct 20, 1992.
Pursuant to a congressional request, GAO evaluated the impact of increased federal employee retirement at the end of 1990 due to the suspension of the lump-sum retirement benefit. GAO found that: (1) the pattern of retirements for 1989 and 1990 were similar, except that the largest number of monthly retirements occurred in November of 1990, compared to December of 1989, because many employees reti...
H.R. 2514--Federal Retirement Thrift Savings Plan
T-GGD-89-35: Published: Jul 25, 1989. Publicly Released: Jul 25, 1989.
GAO discussed H.R. 2514, a bill that would amend the Federal Employees' Retirement System Act of 1986 to: (1) authorize federal agencies to pay lost earnings to employees' thrift savings accounts caused by employing agencies' administrative errors; and (2) remove restrictions on certain plan participant investments. GAO found that: (1) about 120,000 federal employees covered by two retirement syst...
Federal Workforce: Effects of Public Pension Offset on Social Security Benefits of Federal Retirees
GGD-88-73: Published: Apr 27, 1988. Publicly Released: Apr 27, 1988.
Pursuant to a congressional request, GAO examined the impact of the Social Security Act's public pension offset provisions on federal retirees.GAO found that, of 104,608 federal, state, and local government retirees with benefits subject to the offset provision: (1) 74 percent were men; (2) 92 percent had their spousal or survivor benefits totally offset; and (3) 69,061 were federal retirees, of w...
Federal Personnel: Views From Two Agencies on Why More Employees Did Not Join the New Retirement System
GGD-88-52FS: Published: Mar 11, 1988. Publicly Released: Mar 18, 1988.
In response to a congressional request, GAO provided information from Army and Veterans Administration officials on the major reasons why employees did not transfer from the Civil Service Retirement System (CSRS) to the new Federal Employee Retirement System (FERS).GAO found that: (1) 32 officials reported that employees who planned to make their careers in the federal government believed that CSR...
Implementation of the Federal Employees' Retirement System Act of 1986
T-GGD-87-10: Published: Mar 25, 1987. Publicly Released: Mar 25, 1987.
Pursuant to a congressional request, GAO testified on the implementation of the Federal Employees Retirement System Act of 1986 (FERS). GAO noted that three lead agencies set policy for investment and management of the thrift savings fund, administer the basic annuity portion of FERS, and serve as information sources for employees transferring to a new retirement system. GAO found that: (1) some a...
Retirement Forecasting: Technical Descriptions of Cost, Decision, and Income Models
PEMD-87-6B: Published: Dec 31, 1986. Publicly Released: Dec 31, 1986.
GAO provided individual descriptions and reviews of 71 federal retirement models that forecast: (1) the costs of federal retirement programs; (2) the retirement behavior of civilian workers; and (3) the levels and distribution of retirement income.GAO noted that the model descriptions included: (1) model name, sponsor's name, and sponsor's address; (2) the primary objective of the model; (3) prior...