Summary of 1983 Federal Pension Plan Information
AFMD-85-69: Published: Sep 26, 1985. Publicly Released: Sep 26, 1985.
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Pursuant to a congressional request, GAO reviewed the information contained in the federal pension plan reports filed with the Comptroller General.
GAO found that: (1) the comparative data for plan years 1979 through 1983 showed that the plans covered 6 million active participants; (2) the net assets available for benefits totalled $115.8 billion; (3) the projections were highly dependent on the actuarial cost method and the actuarial assumptions used; (4) the actuarial assumptions varied by plan since they were based on the best estimate of anticipated experience under the plan; (5) the assumed future rates of inflation, interest, and salary increases could have a significant impact on the estimates of future retirement costs; (6) interest rate assumptions used by the plans in 1983 ranged from 6 percent to 9 percent; and (7) the Office of Management and Budget and the Comptroller General directed that plans use an assumed long-term inflation rate of 5 percent per year and other economic assumptions be consistent with the assumed inflation rate.
Oct 30, 2020
Retirement Security:
Other Countries' Experiences with Caregiver PoliciesGAO-20-623: Published: Sep 30, 2020. Publicly Released: Oct 30, 2020.
Sep 24, 2020
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Retirement Security:
Older Women Report Facing a Financially Uncertain FutureGAO-20-718T: Published: Sep 24, 2020. Publicly Released: Sep 24, 2020.
Aug 28, 2020
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Retirement Security:
DOL Could Better Inform Divorcing Parties About Dividing SavingsGAO-20-541: Published: Jul 31, 2020. Publicly Released: Aug 28, 2020.
Aug 13, 2020
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Retirement Security:
Older Women Report Facing a Financially Uncertain FutureGAO-20-435: Published: Jul 14, 2020. Publicly Released: Aug 13, 2020.
Jun 16, 2020
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Retirement Security:
BLS Should Explore Ways to Improve the Accuracy, Timeliness, and Relevance of Its Cost-of-Living MeasurementsGAO-20-422: Published: Jun 16, 2020. Publicly Released: Jun 16, 2020.
Feb 27, 2020
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Private Pensions:
IRS and DOL Should Strengthen Oversight of Executive Retirement PlansGAO-20-70: Published: Jan 28, 2020. Publicly Released: Feb 27, 2020.
Jan 9, 2020
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Social Security Disability:
Action Needed to Help Agency Staff Understand and Follow Policies Related to Prescription Opioid MisuseGAO-20-120: Published: Jan 9, 2020. Publicly Released: Jan 9, 2020.
Dec 18, 2019
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Capitol Police:
Potential Effects of Raising the Mandatory Retirement AgeGAO-20-137R: Published: Dec 18, 2019. Publicly Released: Dec 18, 2019. -
Millennial Generation:
Information on the Economic Status of Millennial Households Compared to Previous GenerationsGAO-20-194: Published: Dec 13, 2019. Publicly Released: Dec 18, 2019.
Oct 21, 2019
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Military Pensions:
Servicemembers Need Better Information to Support Retirement Savings DecisionsGAO-19-631: Published: Sep 19, 2019. Publicly Released: Oct 21, 2019.
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