Pension Losses of Contractor Employees at Federal Institutions Can Be Reduced
HRD-81-102
Published: Sep 03, 1981. Publicly Released: Sep 03, 1981.
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Highlights
In response to congressional concern about the pensions of employees working on Government service contracts and the fringe benefits of service contract employees, GAO reviewed the benefits in question.
Recommendations
Matter for Congressional Consideration
| Matter | Status | Comments |
|---|---|---|
| If Congress determines that the pension benefits of contractor employees who work for long periods of time at Federal installations should be protected, it is recommended that Congress direct the Administrator for Federal Procurement Policy to establish a Government-wide policy and implementing regulations to help ensure such protection. |
Closed – Not Implemented
|
It is highly unlikely that Congress will act on this recommendation. |
| The Department of Energy's pension protection arrangements, which emphasize pension portability and discourage lump-sum payments in lieu of future retirement benefits, provide a good model for a Government-wide policy. To minimize administrative problems, if a Government-wide policy is established, it should be limited to relatively large negotiated contracts where a long-term need for future services is forseen. |
Closed – Not Implemented
|
It is highly unlikely that Congress will act on this recommendation. |
| To ensure that any policy and regulations developed are consistent with congressional intent, the Congress could establish oversight provisions. |
Closed – Not Implemented
|
It is highly unlikely that Congress will act on this recommendation. |
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Topics
Contractor personnelEmployee retirement plansFederal agenciesFederal facilitiesFringe benefitsPensionsService contractsVeterans benefitsMilitary forcesPension benefits