Funds management (31 - 39 of 39 items)
Redemption of Railroad Retirement Account Investments
HRD-86-53: Published: Dec 13, 1985. Publicly Released: Dec 23, 1985.
Pursuant to a congressional request, GAO reviewed the Department of the Treasury's unilateral sale of securities from the Railroad Retirement Account (RRA), specifically whether: (1) the sale of securities was legal without Railroad Retirement Board approval; and (2) the sale was in excess of what was required to make benefit payments.GAO noted that: (1) the Railroad Retirement Board is principall...
Proposals To Change the Military Retirement System
128624: Dec 5, 1985
GAO testified on the structure of the Department of Defense's (DOD) military retirement system, specifically: (1) the recent change to accrual accounting for retirement annuities; (2) DOD proposals to change the system; and (3) the accuracy of the estimated accrual savings that would result from enacting DOD proposals. GAO noted that: (1) unlike common private-sector practice, the receipt of socia...
Proposed Civil Service Supplemental Retirement System
128278: Oct 28, 1985
GAO presented its views on the proposed Civil Service Supplemental Retirement System, which combines social security, a defined benefit pension plan, and a thrift plan. This approach and the provisions of the thrift plan portion of the proposed program are consistent with prevailing provisions in the private sector; however, other aspects of the plan differ from private sector programs. GAO found...
The 1980 Multiemployer Pension Plan Amendments Act: An Assessment of Funding Requirement Changes
HRD-85-1: Published: Feb 27, 1985. Publicly Released: Feb 27, 1985.
GAO reported on the effect of the Multiemployer Pension Plan Amendments Act of 1980 on employers, participants, and others, and it assessed the effect of the act's changes in multiemployer plan funding requirements.GAO found that 14 of 149 plans it examined were financially distressed and could pose a risk to the government's insurance program amounting to billions of dollars. The act's provisions...
[Query Concerning Availability of Funds Paid Under 10 U.S.C. 1466]
B-214196: Published: Apr 30, 1984. Publicly Released: Apr 30, 1984.
GAO was asked for its opinion concerning whether amounts paid into the Department of Defense Military Retirement Fund under 10 U.S.C. 1466 are made available to the fund through annual appropriations or whether such payments are funded by a permanent appropriation. GAO concluded that amounts paid into the fund under 10 U.S.C. 1466(a) require annual appropriations; however, amounts certified under...
Review of Reimbursements to Contractors for Payments Into Private Pension Plans
089642: Feb 5, 1975
No summary is currently available...
Inaccurate Fund Transfers Between Social Security Administration and Railroad Retirement Board
HRD-83-2: Published: Apr 4, 1983. Publicly Released: Apr 4, 1983.
GAO reviewed the financial interchange whereby the Social Security Administration (SSA) has paid more than $17 billion to the Railroad Retirement Board (RRB) since 1958.In reviewing 1979 financial interchange data, the current data available when the GAO review began, GAO found errors and inaccuracies in benefit calculations, projections, and administrative expense estimates resulting from SSA ove...
Views on Proposed Senate Resolution 244, "Expressing the Sense of the Senate that the Secretary of the Treasury Conduct a Study of the Major Federal Retirement Systems"
B-190352: Published: Oct 17, 1977. Publicly Released: Oct 17, 1977.
No summary is currently available...
The Investment Decisionmaking Process in Two Colorado Public Employee Retirement Plans
HRD-77-30: Published: Dec 29, 1976. Publicly Released: Dec 29, 1976.
Case studies on the Public Employees' Retirement Association (PERA) of Colorado and the Denver Public School Employees' Pension and Benefit Association (DPSEPBA), give details of the framework for managing investments, investment experience, and detailed financial statements. Information on the decisionmaking process was gathered from summary data and interviews with cognizant officials.PERA had f...