Federal employee retirement programs (31 - 40 of 46 items)
Federal Workforce: Added Cost of Early Retirement Is Included in Retirement Cost Factor
GGD-86-67BR: Published: Apr 25, 1986. Publicly Released: Apr 25, 1986.
In response to a congressional request, GAO discussed issues concerning the cost-effectiveness of the government's policy of contracting under the Office of Management and Budget Circular A-76.GAO found that the circular: (1) requires government agencies to compare the cost of performing commercial functions in-house to the cost of contracting to determine the most economical means of obtaining th...
Retirement Benefits: Modification of Civil Service Retirement Benefits for Part-Time Work
PEMD-86-2: Published: Jan 9, 1986. Publicly Released: Jan 9, 1986.
GAO reviewed the current retirement rules used for calculating civil service benefits for federal employees and developed a modification to bring retirement benefits in line with work actually performed during a career. A similar provision has been included in the proposed Civil Service Pension Reform Act covering employees hired after 1983.GAO found that retirement benefits for federal employees...
How the U.S. Military Retirement System Compares With Other Systems
122026: Jul 29, 1983
GAO discussed the U.S. military retirement system by comparing the U.S. system with: (1) the military retirement systems of seven other countries; (2) four other federally sponsored retirement plans; and (3) eight State and local retirement systems. GAO stated that, when compared to other countries' systems, the U.S. military retirement system contains many provisions of distinct advantage to the...
Federal Life Insurance Changes Would Improve Benefits and Decrease Costs
FPCD-81-47: Published: Aug 21, 1981. Publicly Released: Aug 21, 1981.
GAO was requested to assess certain aspects of the Federal Employees' Group Life Insurance program. The objectives of the review were to evaluate alternatives for improving post-retirement life insurance benefits, to evaluate a change proposed in an earlier GAO report, and to obtain current data on payment of risk charges.Although the Federal Employees' Group Life Insurance Act of 1980 added provi...
S. 677, the Civil Service Retirement Cost-of-Living Adjustment Act of 1981
114823: Apr 1, 1981
Under present law, all civil service annuities are adjusted semiannually by the full percentage increase in the Consumer Price Index. Under S. 677, retirees and survivors age 65 and over would continue to receive full, semiannual adjustments; however, those retirees and survivors under age 65 would receive adjustments only once a year. GAO believes that the proposed legislation would reduce the re...
Early Retirement in the Federal Sector
113585: Oct 9, 1980
Early retirement programs may be necessary to meet management objectives and employee needs, but they should be seen as unusual or special provisions that are outside the basic purposes of a retirement system. Many Federal personnel can retire with immediate benefits even earlier than age 55, the normal civil service retirement age. Some are allowed to retire early under the general presumption th...
Retirement Benefits for Panama Canal Employees
FPCD-80-41: Published: Feb 14, 1980. Publicly Released: Feb 14, 1980.
GAO was asked to evaluate the Office of Personnel Management's (OPM) determination of the cost of the increased retirement benefits granted to Panama Canal employees by the legislation implementing the Panama Canal Treaty. The legislation granted major retirement benefits to Canal employees that are not provided to other Federal personnel under the civil service retirement system. Canal personnel,...
Funding of State and Local Government Pension Plans: A National Problem
HRD-79-66: Published: Aug 30, 1979. Publicly Released: Aug 30, 1979.
Congress is considering establishing federal standards for state and local government pension plans similar to those imposed on private plans by the Employee Retirement Income Security Act of 1974. The act generally provides that the minimum standard for pension funding by private employers be an annual contribution for normal costs plus the amount needed to amortize current unfunded liabilities i...
Federal Retirement Issues
109874: Jul 12, 1979
A review of Federal retirement issues covered the following areas: need for a Federal retirement policy, costing and funding practices, disability retirement, and cost-of-living adjustments. There are 38 retirement systems maintained for various groups of personnel by Federal agencies and instrumentalities; consequently, there is a need to establish an overall, coordinated Federal retirement syste...
Need for Recognition of the Full Cost of Retirement Benefits for Federal Work Force
FPCD-79-49: Published: Apr 11, 1979. Publicly Released: Apr 11, 1979.
The Senate adopted a resolution requiring the Secretary of the Treasury to conduct a complete study of certain Federal and District of Columbia retirement programs to determine their financing methods, the extent of their unfunded liabilities, and any actions necessary to insure their solvency. A series of reports on Federal retirement matters have been issued since 1974. Congress is not being pro...