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Book Synopsis Federal Retirement : Implementation of the Federal Employees Retirement System by : United States. General Accounting Office
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:
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.
Book Synopsis Federal Retirement by : U S Government Accountability Office (G
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.
Book Synopsis Implementation of Federal Employees' Retirement System by : United States. Congress. House. Committee on Post Office and Civil Service
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:
This General Accounting Office report examines the use of contractors and cost incurred by the principal agencies responsible for implementing the Federal Employees Retirement System (FERS) Act of 1986 (P.L. 99-335). GAO also included in our study the extensive services that the principal agencies obtained from other federal agencies because of the significant costs for these services. The act provided a new retirement system for all federal civilian employees hired after December 1983 and an opportunity for about 2.1 million employees covered by existing retirement systems, primarily the Civilian Service Retirement System (CSRS), to transfer to FERS during a July through December 1987 open season. FERS provides benefits from three separate components, each administered by a different agency: 1) The Office of Personnel Management (OPM) is responsible for the pension plan component; 2) The Social Security Administration (SSA) is responsible for the Social Security component; and 3) The Federal Retirement Thrift Investment Board is responsible for the thrift savings plan component. GAO's objectives were to determine the extent to which the three principal agencies used contractors and other agencies to assist them in implementing FERS, the cost of these services, and whether the agencies could have used their own employees and equipment to provide the products and services in a timely manner. (kr).
Book Synopsis Federal Retirement: Use of Contractors to Implement the Federal Employees Retirement System by : GENERAL ACCOUNTING OFFICE WASHINGTON DC GENERAL GOVERNMENT DIV.
Download or read book Federal Retirement: Use of Contractors to Implement the Federal Employees Retirement System written by GENERAL ACCOUNTING OFFICE WASHINGTON DC GENERAL GOVERNMENT DIV. and published by . This book was released on 1989 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: This General Accounting Office report examines the use of contractors and cost incurred by the principal agencies responsible for implementing the Federal Employees Retirement System (FERS) Act of 1986 (P.L. 99-335). GAO also included in our study the extensive services that the principal agencies obtained from other federal agencies because of the significant costs for these services. The act provided a new retirement system for all federal civilian employees hired after December 1983 and an opportunity for about 2.1 million employees covered by existing retirement systems, primarily the Civilian Service Retirement System (CSRS), to transfer to FERS during a July through December 1987 open season. FERS provides benefits from three separate components, each administered by a different agency: 1) The Office of Personnel Management (OPM) is responsible for the pension plan component; 2) The Social Security Administration (SSA) is responsible for the Social Security component; and 3) The Federal Retirement Thrift Investment Board is responsible for the thrift savings plan component. GAO's objectives were to determine the extent to which the three principal agencies used contractors and other agencies to assist them in implementing FERS, the cost of these services, and whether the agencies could have used their own employees and equipment to provide the products and services in a timely manner. (kr).
Book Synopsis FERS, Federal Employees Retirement System by :
Download or read book FERS, Federal Employees Retirement System written by and published by . This book was released on 1996 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Federal Retirement : Use of Contractors to Implement the Federal Employees Retirement System by : United States. General Accounting Office
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:
Book Synopsis Federal Employees' Retirement System (FERS). by :
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:
Book Synopsis Federal Retirement System -- Overview by : United States. Congress. House. Committee on Government Reform and Oversight. Subcommittee on Civil Service
Download or read book Federal Retirement System -- Overview written by United States. Congress. House. Committee on Government Reform and Oversight. Subcommittee on Civil Service and published by . This book was released on 1996 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:
An outstanding and thorough resource for past and present Federal employees. A clear-cut guide through the maze of Federal benefits. No unnecessary jargon, just plain English. Explore Federal Employees Retirement System (FERS), Civilian Service Retirement System (CSRS) and Postal Employee benefits including - Thrift Savings Plan (TSP), Government Pension(s), the possibilities of qualifying for a "bridge" annuity and Social Security Administration (SSA) Retirement benefits (some CSRS employees may not qualify). Veteran Wealth Advisor (and past Federal employee), Randy Silvey, reveals exceptional insight and knowledge that his 13 years' experience assisting Federal employees has afforded him. Including; when is it ok for you to retire? How to financially prepare for retirement? Steps to take when you are ready to retire.
Book Synopsis You First by : Randy Silvey
Download or read book You First written by Randy Silvey and published by Silverlight Financail Incorporated. This book was released on 2014-11-23 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: An outstanding and thorough resource for past and present Federal employees. A clear-cut guide through the maze of Federal benefits. No unnecessary jargon, just plain English. Explore Federal Employees Retirement System (FERS), Civilian Service Retirement System (CSRS) and Postal Employee benefits including - Thrift Savings Plan (TSP), Government Pension(s), the possibilities of qualifying for a "bridge" annuity and Social Security Administration (SSA) Retirement benefits (some CSRS employees may not qualify). Veteran Wealth Advisor (and past Federal employee), Randy Silvey, reveals exceptional insight and knowledge that his 13 years' experience assisting Federal employees has afforded him. Including; when is it ok for you to retire? How to financially prepare for retirement? Steps to take when you are ready to retire.
Book Synopsis Federal Retirement by : United States. General Accounting Office
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:
