Economic analysis (21 - 30 of 32 items)
Developing a Consumer Price Index for the Elderly
T-GGD-87-22: Published: Jun 29, 1987. Publicly Released: Jun 29, 1987.
GAO discussed whether movements in the general consumer price index (CPI) accurately reflect trends in the prices that the elderly pay. GAO previously reported that: (1) differences in geographic distribution of retirees and the places where they shop, compared to the general public, could cause a difference in retirees' CPI; and (2) price increases that were reweighted to reflect the budgets of t...
An Aging Society: Meeting the Needs of the Elderly While Responding to Rising Federal Costs
HRD-86-135: Published: Sep 30, 1986. Publicly Released: Oct 30, 1986.
In response to a congressional request, GAO provided information on: (1) demographic changes projected for the elderly population; (2) the relationship of these changes to the economic and health-care status of the elderly; and (3) how changes in federal health and retirement programs could affect current and future needs of the elderly.GAO found that: (1) while the growth in Social Security and p...
Retirement Before Age 65 Is a Growing Trend in the Private Sector
HRD-85-81: Published: Jul 15, 1985. Publicly Released: Jul 15, 1985.
In response to a congressional request, GAO provided information on private sector retirement patterns concerning: (1) the extent people are receiving private pension income before they are 65 years old; (2) if there has been a growing trend in the receipt of early private pension income; and (3) the extent early private pension receipt is due to disabilities or health problems.GAO found that abou...
Benefit Levels of Nonfederal Retirement Programs
GGD-85-30: Published: Feb 26, 1985. Publicly Released: Feb 26, 1985.
In response to a congressional request, GAO prepared information on retirement programs in the nonfederal sector by estimating the levels of benefits at retirement that selected nonfederal programs provide to employees by age, years of service, and salary levels.GAO found that benefit formulas for nonfederal pension plans vary considerably; therefore, it calculated the benefit amounts produced by...
Features of Nonfederal Retirement Programs
OCG-84-2: Published: Jun 26, 1984. Publicly Released: Jul 11, 1984.
In response to a congressional request, GAO obtained information on retirement programs in the nonfederal sector to assist in the design of a new civil service retirement system. Using selected surveys, GAO analyzed the pension and capital accumulation portions of nonfederal programs.In reviewing surveys of private sector pension plans, GAO found that vesting usually occurs at 10 years of service...
[Social Security: Historical Development and Current Structure, Benefits, and Contributions]
124148: Apr 17, 1984
GAO discussed the key elements of the social security system. The Social Security Act of 1935 created a variety of new economic security programs including: (1) a national program of needs-based benefits for the aged; and (2) the Old-Age Insurance Program which is the cornerstone of today's social security program. The needs-based program was built on pre-existing State programs for which the Fede...
122637: Oct 4, 1983
A statement was made on the challenge facing Federal policymakers in balancing fiscal responsibility and the needs of the people in the area of entitlement programs. These programs make up almost half of the Federal budget. Entitlement programs are either financed from Federal trust funds or paid out of the general revenues. Those paid out of the general revenues are income redistribution programs...
Social Security Actuarial Projections
HRD-83-92: Published: Sep 30, 1983. Publicly Released: Sep 30, 1983.
This study examined past Social Security Administration (SSA) actuarial projections of the future long-range financial status of the old-age, survivors, and disability insurance (OASDI) trust funds. The study focused on the integrity of the demographic and economic assumptions, the actuarial methods, and the actuaries' professional independence.The evidence gathered neither proved nor disproved th...
Recommendations of National Commission on Social Security Reform
120701: Feb 18, 1983
Testimony was given concerning the recommendations of the National Commission on Social Security Reform for resolving the short- and long-range problems of the social security trust funds. The Commission suggested options which it believes will resolve the entire short-term deficit and about two-thirds of the long-term deficit. GAO recognized that, if economic conditions prove to be less favorable...
Demographic and Economic Characteristics of Social Security Retiree Families
HRD-82-131: Published: Sep 28, 1982. Publicly Released: Oct 8, 1982.
GAO developed demographic and financial data on newly entitled social security retiree families as a backdrop against which proposals to limit or curtail benefits to the spouses and dependent children of future retirees could be examined.GAO found that a higher percentage of workers are retiring early, at age 62 to 64, now than in the past. In 1965, early retirees accounted for 66 percent of all n...