Download or read book Federal Retirement written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-06 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: In response to a congressional request, GAO examined the Office of Personnel Management's (OPM), the Social Security Administration's (SSA), and the Federal Retirement Thrift Investment Board's (FRTIB) use of contractors and costs incurred to implement the Federal Employees Retirement System Act of 1986 (FERS). GAO found that: (1) OPM paid a total of $3.8 million to contractors and other federal agencies to develop and print information to help employees understand and compare FERS and the Civil Service Retirement System; (2) OPM also planned to design and implement an automated FERS recordkeeping system; (3) SSA paid, through the Government Printing Office, an estimated $621,506 for the design, printing, and processing of forms for an automated system to respond to employee requests regarding social security earnings and coverage; and (4) FRTIB paid a total of $14.6 million to contractors and other federal agencies primarily to develop and operate an automated recordkeeping system, and to prepare, print, and distribute materials and forms. GAO believes that the agencies' approaches were appropriate, since the agencies: (1) lacked adequate or capable staffs to provide the required products and services; (2) needed some of the services and products on a one-time-only basis; and (3) were restricted from doing large-volume printing in-house.
Download or read book Federal Retirement Use of Contractors to Implement the Federal Employees Retirement System written by United States. General Accounting Office and published by . This book was released on 1989 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Retirement Implementation of the Federal Employees Retirement System written by United States. General Accounting Office and published by . This book was released on 1988 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Retirement written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-06 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pursuant to a congressional request, GAO determined how well the: (1) Office of Personnel Management (OPM), Federal Retirement Thrift Investment Board (FRTIB), Social Security Administration (SSA), and Department of Labor implemented the Federal Employees' Retirement System Act of 1986; and (2) Army and Veterans Administration (VA) explained the new system and available options to their employees. GAO found that OPM: (1) had the new pension plan in place by January 1, 1987, as the act required; (2) developed substantial information to assist employees in determining whether they should transfer from the Civil Service Retirement System to the new Federal Employees' Retirement System; (3) contracted for an automated system for the new pension plan's records; (4) established an annual training program for agency retirement counselors and provided for regular communications with the counselors on pension plan developments; and (5) reported that about 2.8 percent of eligible employees transferred to the new system, and about 700,000 employees were in the new plan as of March 1988. GAO also found that: (1) although FRTIB experienced several start-up problems, it carried out its implementation responsibilities well; (2) the FRTIB thrift plan had over 1 million accounts, valued at over $1.6 billion, as of May 1988; (3) SSA provided Social Security earnings and coverage data to federal employees for use in determining whether they should transfer to the new plan; and (4) Labor contracted with two accounting firms to develop an audit program to review fiduciary standards at FRTIB. GAO also found that selected Army and VA facilities generally followed the suggested plan for implementing the act and provided employees with information and numerous opportunities to obtain further details about both retirement systems.
Download or read book An Act Making Technical Corrections to the Federal Employees Retirement System written by United States and published by . This book was released on 1987 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Employees Retirement System technical Corrections written by United States and published by . This book was released on 1988 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Implementation of Federal Employees Retirement System written by United States. Congress. House. Committee on Post Office and Civil Service and published by . This book was released on 1987 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book FERS Transfer Handbook written by and published by . This book was released on 1987 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Pension Losses of Contractor Employees at Federal Installations Can be Reduced written by United States. General Accounting Office and published by . This book was released on 1981 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book FERS Federal Employees Retirement System written by and published by . This book was released on 1989 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book FERS Federal Employees Retirement System written by and published by US Office of Personnel Management (OPM). This book was released on 1997 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fers written by United States. Office of Personnel Management. Retirement and Insurance Group and published by . This book was released on 1992 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Retirement written by United States. General Accounting Office and published by . This book was released on 1995 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Separation and Retirement Incentives in the Federal Civil Service written by Beth J. Asch and published by RAND Corporation. This book was released on 1999 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1987 a new retirement system, called the Federal Employees Retirement System (FERS), was introduced for federal civil service personnel. Some observers have hypothesized that FERS would alter the retirement and separation outcomes produced by FERS' predecessor, the Civil Service Retirement System (CSRS). This report compares the retirement and separation incentives embedded in FERS versus those in CSRS to see whether the incentives embedded in FERS are consistent with these hypotheses. It also examines which system is more generous in terms of providing greater expected net lifetime earnings and retirement wealth. To compare the systems, the authors compute expected net wealth associated with different separation and retirement ages for a representative individual. The authors also conduct sensitivity analyses to see how their comparisons differ under alternative assumptions. Finally, the authors use data on Department of Defense civil service personnel from fiscal year 1983 through fiscal year 1996 to examine empirically how separation rates differ for early and mid-career personnel under FERS and under CSRS.
Download or read book Federal Employees Retirement System written by and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Employees Retirement System FERS written by and published by . This book was released on 1986 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Application for Deferred Or Postponed Retirement written by Federal Employees' Retirement System (U.S.) and published by . This book was released on 2008 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
