Retirees (51 - 60 of 83 items)
Retiree Health: Company-Sponsored Plans Facing Increased Costs and Liabilities
T-HRD-91-25: Published: May 6, 1991. Publicly Released: May 6, 1991.
GAO discussed the increasing costs and liabilities for company-sponsored retiree health coverage. GAO noted that: (1) about one-third of all private-sector workers received retiree health coverage; (2) about 9 million retirees were in company-sponsored health plans, and 39 percent of them were under 65 and not yet eligible for Medicare; (3) the cost of providing retiree health benefits varied cons...
Private Pensions: Millions of Workers Lose Federal Benefit Protection at Retirement
HRD-91-79: Published: Apr 25, 1991. Publicly Released: Apr 25, 1991.
Pursuant to a congressional request, GAO reviewed the protection available to retirees receiving benefits from insurance companies in case of insurance company failure, focusing on: (1) how many retirees received their benefits from insurance companies; (2) whether federal and state guarantees were available for those annuitants; and (3) recent financial difficulties in the insurance industry.GAO...
Social Security: Analysis of a Proposal to Privatize Trust Fund Reserves
HRD-91-22: Published: Dec 12, 1990. Publicly Released: Jan 11, 1991.
Pursuant to a congressional request, GAO reviewed a congressional proposal to create a new system of Individual Social Security Retirement Accounts (ISSRA), in which workers could place accumulated social security reserves for private-sector investment.GAO found that: (1) the proposal's effect on national saving was unclear; (2) ISSRA could be integrated with the existing progressive benefit struc...
Employee Benefits: Extent of Multiemployer Plan Retiree Health Coverage
HRD-90-132: Published: Jul 17, 1990. Publicly Released: Jul 31, 1990.
Pursuant to a congressional request, GAO reviewed the extent to which companies provide retiree health benefits, focusing on the numbers of: (1) multiemployer health plans with retiree coverage; (2) workers enrolled in such plans; and (3) retirees in such plans.GAO found that: (1) over 6 percent of all retirees in company-sponsored health plans were covered by multiemployer plans; (2) 32 percent o...
Employee Benefits: Trends in Retiree Health Coverage
T-HRD-90-51: Published: Jul 27, 1990. Publicly Released: Jul 27, 1990.
GAO discussed company-sponsored retiree health coverage. GAO found that: (1) only about 4 percent of all companies provide retiree health coverage; (2) companies with retiree health benefits were generally larger, employing 40 percent of private-sector workers; (3) about 9 million retirees are currently in company-sponsored plans, and about 39 percent of those are under age 65; (4) 64 million of 9...
Employee Benefits: Extent of Companies' Retiree Health Coverage
HRD-90-92: Published: Mar 28, 1990. Publicly Released: Apr 19, 1990.
Pursuant to a congressional request, GAO provided information on the extent to which a random sample of 5,500 companies provided retirees with health benefits.GAO found that: (1) although over half of the companies provided health coverage to active workers, only about 4 percent had retiree health plans; (2) those companies providing retiree health benefits tended to be larger businesses, and they...
Employee Benefits: Companies' Retiree Health Liabilities Large, Advance Funding Costly
HRD-89-51: Published: Jun 14, 1989. Publicly Released: Jun 14, 1989.
Pursuant to a congressional request, GAO reviewed U.S. companies' liabilities for retiree health benefits.GAO found that: (1) as of 1988, U.S. companies had total liabilities of $402 billion for retiree health benefits, of which $227 billion, or about one-fourteenth of the value of all companies' stocks in 1988, was accrued and $175 billion was anticipated; (2) most companies did not fund health b...
Employee Benefits: Company Actions to Limit Retiree Health Costs
HRD-89-31BR: Published: Feb 1, 1989. Publicly Released: Feb 1, 1989.
Pursuant to a congressional request, GAO provided information on non-government enterprises' retiree health plans and benefits, focusing on the companies' ability to change plans and benefits.GAO found that, of the 29 companies it surveyed: (1) all could change their health care plans to help contain costs by restricting coverage to certain participants, limiting service coverage, and requiring pa...
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...
Future Security of Retirees Health Benefits in Question
T-HRD-88-30: Published: Sep 15, 1988. Publicly Released: Sep 15, 1988.
GAO discussed private-sector health care benefits for retirees and changes implemented or currently being considered. GAO estimated health benefit costs and future liabilities, and found that: (1) the present future value of future retiree health benefits was about $402 billion, including liabilities of $93 billion for retirees, $128 billion for active workers' past service, and $181 billion for b...