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Redemption of Railroad Retirement Account Investments

HRD-86-53 Published: Dec 13, 1985. Publicly Released: Dec 23, 1985.
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Highlights

Pursuant to a congressional request, GAO reviewed the Department of the Treasury's unilateral sale of securities from the Railroad Retirement Account (RRA), specifically whether: (1) the sale of securities was legal without Railroad Retirement Board approval; and (2) the sale was in excess of what was required to make benefit payments.

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Topics

Retirement Security
Funds managementInterest ratesInvestmentsRetirement benefitsSecuritiesSpecial fund accountsFinancial instrumentsRailroad retirementBenefit paymentsData errors