Retirement income (61 - 70 of 71 items)
Retirement Income: Implications of Demographic Trends for Social Security and Pension Reform
HEHS-97-81: Published: Jul 11, 1997. Publicly Released: Jul 11, 1997.
Pursuant to a congressional request, GAO provided an overview of the trends and key issues relating to retirement income, focusing on: (1) demographic and economic trends affecting retirement income; (2) the status of Social Security's long-term financing problems and proposals to address them; and (3) the extent of pension coverageand retirement saving and how to ensure that Americans can count o...
401(k) Pension Plans: Many Take Advantage of Opportunity to Ensure Adequate Retirement Income
HEHS-96-176: Published: Aug 2, 1996. Publicly Released: Aug 2, 1996.
Pursuant to a congressional request, GAO provided information on 401(k) pension plans, focusing on: (1) the proportion of workers covered by 401(k) pension plans; (2) workers' contributions to their 401(k) pension plans; and (3) how workers invest their pension account balances.GAO found that: (1) half of all workers and nearly two-thirds of workers nearing retirement age are covered by a pension...
Federal Pensions: Thrift Savings Plan Has Key Role in Retirement Benefits
HEHS-96-1: Published: Oct 19, 1995. Publicly Released: Nov 20, 1995.
Pursuant to a congressional request, GAO provided information on the Federal Employee Retirement System (FERS), focusing on: (1) the extent to which employees under FERS voluntarily contribute to the Thrift Savings Plan (TSP); (2) how well TSP educational materials address the importance of employee participation; and (3) whether there should be additional TSP investment options.GAO found that: (1...
Social Security Retirement Accounts
HEHS-94-226R: Published: Aug 12, 1994. Publicly Released: Sep 12, 1994.
Pursuant to a congressional request, GAO reviewed proposed legislation to create a system of individual Social Security retirement accounts (ISSRA), focusing on the: (1) implications of H.R. 306 on the retirement income of individuals; and (2) key differences between H.R. 306 and the 1990 proposal. GAO noted that: (1) ISSRA could be integrated with the Social Security benefit structure and, given...
Insurance Company Failures Threaten Retirement Income
T-HRD-91-41: Published: Jun 27, 1991. Publicly Released: Jun 27, 1991.
GAO discussed the impact of insurance company failures on pension plan incomes, focusing on what happens when pension plans purchase insurance annuities and invest funds through insurance companies. GAO noted that: (1) pension plans have purchased annuities for 3 million to 4 million retirees and have invested about a third of all pension assets with insurance companies; (2) between January 1975 a...
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...
Private Pensions: Plan Provisions Differ Between Large and Small Employers
HRD-89-105BR: Published: Sep 26, 1989. Publicly Released: Sep 26, 1989.
Pursuant to a legislative requirement, GAO studied private pension plans, focusing on the: (1) differing pension plan options that employers chose within the limits of the law in 1985; and (2) effects of Tax Reform Act of 1986 rule changes on plans and participants.GAO found that: (1) four out of five pension plans used some combination of age and service to determine worker eligibility for plan p...
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...
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...
Better Management of Private Pension Plan Data Can Reduce Costs and Improve ERISA Administration
HRD-82-12: Published: Oct 19, 1981. Publicly Released: Oct 22, 1981.
The Department of Labor, the Internal Revenue Service (IRS), and the Pension Benefit Guaranty Corporation (PBGC) are responsible for administering and enforcing the Employee Retirement Income Security Act (ERISA). Private pension plans are required to report substantial information to these agencies under the act. GAO investigated the ERISA information management activities of Labor, IRS, and PBGC...