Future Security of Retirees Health Benefits in Question
T-HRD-88-30: Published: Sep 15, 1988. Publicly Released: Sep 15, 1988.
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GAO discussed private-sector health care benefits for retirees and changes implemented or currently being considered. GAO estimated health benefit costs and future liabilities, and found that: (1) the present future value of future retiree health benefits was about $402 billion, including liabilities of $93 billion for retirees, $128 billion for active workers' past service, and $181 billion for benefits workers will earn before retirement; (2) annual benefit payments for retirees would increase from about $10 billion in 1988 to approximately $25 billion by the year 2008; and (3) if employers began advance-funding health benefit liabilities, they would pay about $34 billion. GAO also found that a number of companies it surveyed: (1) modified their health plan provisions and increased employee and retiree contributions to control costs; and (2) expressed concern about their ability to continue to pay for retiree health care benefits. GAO believes that Congress may wish to require employers to: (1) offer retirees group rates for health coverage; and (2) advance-fund their retiree health liabilities on a voluntary basis.
Sep 24, 2020
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.
Oct 4, 2019
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Social Security Benefits:
SSA Needs to Improve Oversight of Organizations that Manage Money for Vulnerable BeneficiariesGAO-19-688: Published: Sep 26, 2019. Publicly Released: Oct 4, 2019.
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