Retirement Security:

Annual Report Required by District of Columbia Retirement Reform Act, as Amended

GGD-84-64: Published: Mar 30, 1984. Publicly Released: Mar 30, 1984.

Contact:

Rosslyn S. Kleeman
(202) 512-9204
contact@gao.gov

 

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

In accordance with the District of Columbia Retirement Reform Act, GAO reviewed a report prepared by an actuarial firm on the disability retirement rate of District police officers and fire fighters to determine whether a reduction is required in the fiscal year 1985 payment which the federal government makes to the District's police and fire fighters retirement fund.

GAO reviewed the actuarial report and other relevant data and concluded that no reduction is required in the fiscal year 1985 federal contribution to the retirement fund. However, GAO found that the disability retirement rate reported was not based on the actual numbers of members on board as of January 1, 1983, as required, because of a lack of information. The disability retirement rate used was an estimate derived by applying historical attrition rates to the number of members on board in March 1982. GAO could not determine the precise disability retirement rate for 1983 because the data were still not known. However, using its estimate, GAO determined that the disability retirement rate for 1983 could not have exceeded the rate which would mandate a reduction in the fiscal year 1985 federal payment to the retirement fund.

Status Legend:

More Info
  • Review Pending-GAO has not yet assessed implementation status.
  • Open-Actions to satisfy the intent of the recommendation have not been taken or are being planned, or actions that partially satisfy the intent of the recommendation have been taken.
  • Closed-implemented-Actions that satisfy the intent of the recommendation have been taken.
  • Closed-not implemented-While the intent of the recommendation has not been satisfied, time or circumstances have rendered the recommendation invalid.
    • Review Pending
    • Open
    • Closed - implemented
    • Closed - not implemented

    Recommendation for Executive Action

    Recommendation: The District of Columbia Retirement Board should ensure that future determinations are based on actual data as of each January 1 and that the enrolled actuary's report includes the information used in determining the disability retirement rate for the applicable year.

    Agency Affected: District of Columbia: Retirement Board

    Status: Closed - Implemented

    Comments: When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.

    Mar 5, 2014

    Feb 26, 2014

    Dec 27, 2013

    Dec 17, 2013

    Dec 16, 2013

    Nov 5, 2013

    Sep 23, 2013

    Sep 11, 2013

    Jul 16, 2013

    Jun 5, 2013

    Looking for more? Browse all our products here