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U.S. GAO - Private Pensions: Little Information Available on Qualified Supplemental Executive
To raise private savings for workers' retirement, federal law provides tax incentives for contributions to pension plans. Company sponsors of private defined benefit (DB) pension plans can claim a tax deduction for their contribution amount to a tax-qualified pension plan, and employees' taxes on
U.S. GAO - Federal Workers' Compensation: Issues Associated With Changing Benefits for Older
About GAO | Contact GAO | E-mail Updates | Share/Save page Advanced Search | Search Only Legal Decisions Reports & Testimonies Legal Decisions Comptroller General Topic Collections Careers FraudNet/Reporting Fraud Multimedia GAO.GOV Federal Workers' Compensation: Issues Associated With Changing
U.S. GAO - Pension Benefit Guaranty Corporation: Improvements Needed to Strengthen Governance
About GAO | Contact GAO | E-mail Updates | Share/Save page Advanced Search | Search Only Legal Decisions Reports & Testimonies Legal Decisions Comptroller General Topic Collections Careers FraudNet/Reporting Fraud Multimedia GAO.GOV Pension Benefit
U.S. GAO - Federal Employees' Compensation Act: Benefits for Retirement-Age Beneficiaries
What GAO FoundIn 2010, 31,880 & #151;or 10 percent & #151;of all FECA beneficiaries were long-term, full-time beneficiaries and 10,873 of those & #151;or 34 percent & #151;were at full retirement age, as defined under the Social Security Act. Of the $1.9 billion total in cash benefits paid to FECA
U.S. GAO - Pension Benefit Guaranty Corporation: Asset Management Needs Better Stewardship
The Pension Benefit Guaranty Corporation's (PBGC) insures the pension benefits of more than 44 million people. Since its inception in 1974, PBGC's assets have grown from about $34 million to almost $80 billion in 2010, largely through assets received in plan terminations. Despite significant swings
U.S. GAO - Defined Benefit Pension Plans: Plans Face Challenges When Investing in Hedge Funds and
Millions of Americans rely on retirement savings plans for their financial well-being in retirement. Plan sponsors are increasingly investing in assets such as hedge funds (privately administered pooled investment vehicles that typically engage in active trading strategies) and private equity funds
U.S. GAO - Retirement Income: Ensuring Income throughout Retirement Requires Difficult Choices
As life expectancy increases, the risk that retirees will outlive their assets is a growing challenge. The shift from defined benefit (DB) pension plans to defined contribution (DC) plans also increases the responsibility for workers and retirees to make difficult decisions and manage their pension
U.S. GAO - Private Pensions: Some Key Features Lead to an Uneven Distribution of Benefits
Despite sizeable tax incentives, private pension participation has remained at about 50 percent of the workforce. For those in a pension plan, there is concern that these incentives accrue primarily to higher income employees and do relatively little to help lower income workers save for
U.S. GAO - Private Pensions: Changes Needed to Better Protect Multiemployer Pension Benefits
Thirty years ago Congress enacted protections to ensure that participants in multiemployer pension plans received their promised benefits. These defined benefit plans are created by collective bargaining agreements covering more than one employer. Today, these plans provide pension coverage to over
U.S. GAO - U.S. Postal Service: Allocation of Responsibility for Pension Benefits between the
In Process The Office of Personnel Management (OPM) is responsible for administering the Civil Service Retirement System (CSRS), including the United States Postal Service (USPS) CSRS benefits. Two independent agencies--USPS Office of Inspector General (OIG) and Postal Regulatory Commission
