Employee Benefits:
Financing Health Benefits of Retired Coal Miners
HRD-92-130FS: Published: Jul 22, 1992. Publicly Released: Aug 5, 1992.
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Pursuant to a congressional request, GAO provided information regarding proposed legislation for coal industry retirees' health benefits and existing pension trusts, focusing on: (1) the characteristics of the trusts' beneficiaries; (2) the benefits provided; and (3) the present and projected financial condition of the trusts.
GAO found that: (1) both trusts provide inpatient and outpatient hospital benefits, physician and primary care services, low prescription drug copayment benefits, and other specialized benefits; (2) enrollment in the trusts totals about 116,000; (3) many employers and signatories to the trusts are either no longer in business, their business status is unknown, or the company is unidentifiable; (4) annual net costs for both trusts total about $230 million; (5) requiring beneficiaries to reenroll or recertify would not identify a significant number of ineligible beneficiaries; (6) nonsignatory mines operated by signatory companies produced about 66 million tons of coal in 1990, and a significant number of formerly signatory mines are operated by nonsignatory companies; (7) the trusts' funding formula is based on employee work hours and additional contributions coming from employers through coal tonnage purchases from other operators; (8) past and pending lawsuits attempt to require signatory and nonsignatory coal companies to fund the trusts; (9) changes in the actuarial surplus include plan benefits, actuarial assumptions used, and the plan's actual experience; and (10) withdrawal liability of the largest companies totals $350 million.
Sep 23, 2020
The Nation's Fiscal Health:
Effective Use of Fiscal Rules and TargetsGAO-20-561: Published: Sep 23, 2020. Publicly Released: Sep 23, 2020.
Jan 23, 2020
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Federal Trust Funds and Other Dedicated Funds:
Fiscal Sustainability Is a Growing Concern for Some Key FundsGAO-20-156: Published: Jan 16, 2020. Publicly Released: Jan 23, 2020.
Dec 19, 2019
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State and Local Governments' Fiscal Outlook:
2019 UpdateGAO-20-269SP: Published: Dec 19, 2019. Publicly Released: Dec 19, 2019.
Nov 14, 2019
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Certificated Expenditures:
Executive Office of the President FY 2018 Certificated Expenditures Were Spent for Authorized PurposesGAO-20-139R: Published: Nov 14, 2019. Publicly Released: Nov 14, 2019.
Oct 16, 2019
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Civilian Personnel:
Additional Guidance and Consistent Data Reporting Could Help Improve the Marine Corps' Budget ManagementGAO-20-148: Published: Oct 16, 2019. Publicly Released: Oct 16, 2019.
Jun 26, 2019
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The Nation's Fiscal Health:
Actions Needed to Achieve Long-Term Fiscal SustainabilityGAO-19-611T: Published: Jun 26, 2019. Publicly Released: Jun 26, 2019.
Apr 10, 2019
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The Nation's Fiscal Health:
Action Is Needed to Address the Federal Government's Fiscal FutureGAO-19-314SP: Published: Apr 10, 2019. Publicly Released: Apr 10, 2019.
Mar 27, 2019
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Fiscal Exposures:
Federal Insurance and Other Activities That Transfer Risk or Losses to the GovernmentGAO-19-353: Published: Mar 27, 2019. Publicly Released: Mar 27, 2019.
Mar 22, 2019
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Data Act:
OMB Needs to Formalize Data Governance for Reporting Federal SpendingGAO-19-284: Published: Mar 22, 2019. Publicly Released: Mar 22, 2019.
Feb 27, 2019
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Fiscal Year 2020 Budget Request:
U.S. Government Accountability OfficeGAO-19-403T: Published: Feb 27, 2019. Publicly Released: Feb 27, 2019.
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