Retirement (41 - 49 of 49 items)
Retirement Decisions: Federal Policies Offer Mixed Signals about When to Retire
GAO-07-753: Published: Jul 11, 2007. Publicly Released: Jul 11, 2007.
While many factors influence workers' decisions to retire, Social Security, Medicare, and pension laws also play a role, offering incentives to retire earlier and later. Identifying these incentives and how workers respond can help policy makers address the demographic challenges facing the nation. GAO assessed (1) the incentives federal policies provide about when to retire, (2) recent retirement...
Defined Benefit Pensions: Conflicts of Interest Involving High Risk or Terminated Plans Pose Enforcement Challenges
GAO-07-703: Published: Jun 28, 2007. Publicly Released: Jun 28, 2007.
To protect workers' retirement security, the requesters asked GAO to assess: 1) What is known about conflicts of interest affecting private sector defined benefit (DB) plans? 2) What procedures does the Pension Benefit Guaranty Corporation (PBGC) have to identify and recover losses attributable to conflicts? 3) What procedures does Employee Benefits Security Administration (EBSA) have to detect co...
Older Workers: Labor Can Help Employers and Employees Plan Better for the Future
GAO-06-80: Published: Dec 5, 2005. Publicly Released: Dec 5, 2005.
Demographic changes pose serious challenges for employers, the economy, and older Americans. As the baby boomers near traditional retirement ages, the loss of experienced workers could have adverse effects on productivity and economic growth. Also, many older Americans face less-secure retirements due to rising health care costs, pension coverage changes, and fiscal pressures on the nation's retir...
Social Security Reform: Preliminary Lessons from Other Countries' Experiences
GAO-05-810T: Published: Jun 16, 2005. Publicly Released: Jun 16, 2005.
Many countries, including the United States, are grappling with demographic change and its effect on their national pension systems. The number of workers for each retiree is falling in most developed countries, straining the finances of national pension programs, particularly where contributions from current workers fund payments to current beneficiaries--known as a "pay-as-you-go" (PAYG) system...
Private Pensions: Government Actions Could Improve the Timeliness and Content of Form 5500 Pension Information
GAO-05-491: Published: Jun 3, 2005. Publicly Released: Jun 3, 2005.
The Form 5500 is the primary source of information for both the federal government and the private sector regarding the operation, funding, assets, and investments of private pension and other employee benefit plans. Currently, the Department of Labor (Labor) requires about 3 years to provide certain usable Form 5500 information to the public, leading to complaints that the information is not time...
Options for Social Security Reform
GAO-05-649R: Published: May 6, 2005. Publicly Released: May 6, 2005.
This report provides a list of the various options available to reform the Social Security program. It includes a table that lists a wide range of provisions that various proposals have used in some form. In addition, there is a list of such proposals, all of which have been scored by the Social Security Administration's Office of the Chief Actuary (SSA/OCACT). Our list of provisions is intended t...
Overpayment of Social Security Retirement Benefits
B-180745: Published: Apr 26, 1974. Publicly Released: Nov 8, 1982.
No summary is currently available...
Railroad Retirement Program--How Does It Compare to Other Selected Retirement Programs?
HRD-79-41: Published: Jun 8, 1979. Publicly Released: Jun 8, 1979.
The railroad retirement program's eligibility requirements, benefits, and financing were compared with the social security, civil service retirement, military retirement, and veterans pension programs. Comparative information was requested that could be used in making decisions as to the need for changing the benefits or structure of the railroad retirement program.Since much of the data for fisca...
Comments on Ten Bills Introduced To Amend the Railroad Retirement Act of 1974
B-114817: Published: Dec 28, 1978. Publicly Released: Dec 28, 1978.
GAO considered the impact of 10 bills pending in Congress on the Railroad Retirement Account (RRA). All 10 bills would increase benefit payments. Financing these increased benefits, although not addressed by the bills, would presumably come from the RRA or general revenue appropriations. Even if the bills are not enacted, the long-term financial stabiliy of the RRA is doubtful. Between fiscal y...