GAO’s reports and testimonies give Congress, federal agencies, and the public timely, fact-based, non-partisan information that can improve government operations and save taxpayers billions of dollars.
The Social Security Administration is trying to encourage people with disabilities who get Supplemental Security Income benefits to work if they can.
But we testified that working beneficiaries are at a higher risk of benefit overpayments.
The Department of Labor requires 401(k) retirement plans to provide participants information on plan and investment fees. Even small fees can significantly reduce retirement savings. But we found that 40% of participants don't fully understand fee information and 41% don't know they pay fees.