Pension Plans:
Plans With Excess Assets
HRD-86-100BR: Published: May 30, 1986. Publicly Released: May 30, 1986.
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In response to a congressional request, GAO reported on excess assets in ongoing single-employer-defined benefit pension plans.
GAO analyzed ongoing plans for 1981 and 1983 to assess the extent of and changes in excess plan assets. GAO found that, in 1983: (1) 10,080 of the 14,581 plans were overfunded by a total of about $57 billion; (2) about 70 percent of the 10,080 overfunded plans had assets that exceeded the value of participants' benefits by at least 25 percent; and (3) about 43 percent had excess assets of at least $1 million each. GAO also found that: (1) between 1981 and 1983, plan overfunding increased significantly; (2) although the number of overfunded plans rose by 25 percent during the period, the total excess assets in the overfunded plans increased from $23 billion in 1981 to $43 billion in 1983; and (3) the number of overfunded plans and the amount of excess assets for all plan-size and industry groups increased significantly.
Oct 1, 2018
Postal Retiree Health Benefits:
Unsustainable Finances Need to Be AddressedGAO-18-602: Published: Aug 31, 2018. Publicly Released: Oct 1, 2018.
Jun 4, 2018
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Central States Pension Fund:
Department of Labor Activities under the Consent Decree and Federal LawGAO-18-105: Published: Jun 4, 2018. Publicly Released: Jun 4, 2018. -
Central States Pension Fund:
Investment Policy Decisions and Challenges Facing the PlanGAO-18-106: Published: Jun 4, 2018. Publicly Released: Jun 4, 2018.
May 22, 2018
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Retirement Plan Investing:
Clearer Information on Consideration of Environmental Social and Governance Factors Would Be HelpfulGAO-18-398: Published: May 22, 2018. Publicly Released: May 22, 2018.
May 21, 2018
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Railroad Retirement Board:
Additional Controls and Oversight of Financial Interchange Transfers NeededGAO-18-323: Published: Apr 19, 2018. Publicly Released: May 21, 2018.
May 17, 2018
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Social Security Administration:
Observations on Use and Costs of Social Security CardsGAO-18-507T: Published: May 17, 2018. Publicly Released: May 17, 2018.
Mar 7, 2018
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Social Security Administration:
Continuing Leadership Focus Needed to Modernize How SSA Does BusinessGAO-18-432T: Published: Mar 7, 2018. Publicly Released: Mar 7, 2018.
Mar 5, 2018
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Workplace Retirement Accounts:
Better Guidance and Information Could Help Plan Participants at Home and Abroad Manage Their Retirement SavingsGAO-18-19: Published: Jan 31, 2018. Publicly Released: Mar 5, 2018.
Feb 21, 2018
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Railroad Retirement Board:
Actions Needed to Improve the Effectiveness and Oversight of Continuing Disability ReviewsGAO-18-287: Published: Feb 21, 2018. Publicly Released: Feb 21, 2018.
Jan 8, 2018
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Social Security Disability:
Additional Measures and Evaluation Needed to Enhance Accuracy and Consistency of Hearings DecisionsGAO-18-37: Published: Dec 7, 2017. Publicly Released: Jan 8, 2018.
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