Congressional Research Service Reports - 318 Matching Results
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- Federal Employees: Pension COLAs and Pay Adjustments Since 1969
- Congress has linked adjustments in federal pay to the ECI so that wages for federal employees will remain competitive with wages paid by firms in the private sector. Under the terms of the Federal Employees' Pay Comparability Act of 1990 (P.L. 101-509), pay for civilian federal employees is adjusted each year to keep the salaries of federal workers competitive with comparable occupations in the private sector. These annual adjustments in federal employee pay-which are distinct from any pay raises associated with within-grade step increases or promotions to a higher pay grade-are based on changes in the cash compensation paid to workers in the private sector, as measured by the ECI. Under certain circumstances, the President may limit the annual increase in federal pay by executive order.
- The Veterans Pension Program: Past, Present, Future
- This report examines major military pension enactments, to determine conditions under which they were enacted, what the provisions were, and what the results and outcomes of some of the legislation were.
- Pension Bibliography-Books and Technical Studies
- This report provides a bibliography of resources relate to pension plans.
- Continuation of Employment Benefits for Senate Restaurant Employees
- This report contains an overview of the continuation of employment benefits for senate restaurant employees.
- Data on Multiemployer Defined Benefit (DB) Pension Plans
- This report provides data on multiemployer defined benefit (DB) plans categorized in several ways. First, the report categorizes the data based on plans' zone status in 2015. Next, it provides a year-by-year breakdown of the number of plans that are expected to become insolvent and the number of participants in those plans. Finally, the report provides information on the 25 largest multiemployer DB plans in 2015 (each plan has at least 75,000 participants).
- Defined Benefit Pension Reform for Single-Employer Plans
- This report provides an outline of the complex current law governing the funding of single-employer defined benefit pension plans. It describes reporting and disclosure requirements that apply to plans. This report also includes an illustration of the effect on a hypothetical plan sponsor's plan contribution and funded ratio of the credit balance approach used in current law versus the Administration proposal.
- Employee Stock Ownership Plans (ESOPs): Legislative History
- No Description Available.
- Pensions and Indexation: An Analysis of the Effect of Inflation on Retirement Income
- This report outlines how pension benefits are affected by inflation and analyzes the effects of pre-and post-retirement inflation on earnings replacement rates.
- The Historical Development of the Private Pension System
- This report discusses the historical development of private pensions plans in the United States.
- Pension Sponsorship and Participation: Summary of Recent Trends
- No Description Available.
- Military Retirement: Major Legislative Issues
- The military retirement system includes benefits for retirement after an active or reserve military career, disability retirement, and survivor benefits for eligible survivors of deceased retirees. The change to the system that has generated the most recent legislative activity involves whether some or all military retirees should be allowed to receive both military retired pay and any VA disability compensation to which they are otherwise entitled; this is referred to as "concurrent receipt." Starting in 1999 (FY2000), provisions in each year's annual National Defense Authorization Act (NDAA) authorized payments to comparatively small groups (in the tens of thousands) of military retirees in lieu of concurrent receipt. The most significant military retirement issue Congress dealt with in 2005 was whether military retirees with a 100% VA unemployability rating, but less than a 100% disability rating, should be entitled to full concurrent receipt as was provided to 100% disability retirees in 2004.
- Pension Sponsorship and Participation: Summary of Recent Trends
- According to the Census Bureau's Current Population Survey (CPS), the number of private-sector workers between the ages of 25 and 64 whose employer sponsored a retirement plan fell from 53.1 million in 2004 to 52.5 million in 2005. This report analyzes the Current Population Survey and describes several elements, including: 1) the percentage of workers whose employer sponsored a retirement plan; 2) the percentage of workers who participated in an employer-sponsored retirement plan; 3) the likelihood of black, Hispanic, and other non-white workers to participate in an employer-sponsored retirement plan; and 4) the percentage of part-year or part-time workers in the private sector whose employer sponsored a retirement plan.
- The Military Survivor Benefit Plan: A Description of Its Provisions
- No Description Available.
- Military Retirement: Major Legislative Issues
- No Description Available.
- Pension Sponsorship and Participation: Summary of Recent Trends
- No Description Available.
- Military Retirement: Major Legislative Issues
- No Description Available.
- Military Retirement: Major Legislative Issues
- No Description Available.
- Military Retirement: Major Legislative Issues
- No Description Available.
- Military Retirement: Major Legislative Issues
- No Description Available.
- Military Retirement: Major Legislative Issues
- No Description Available.
- Military Retirement: Major Legislative Issues
- No Description Available.
- Military Retirement: Major Legislative Issues
- No Description Available.
- Military Retirement: Major Legislative Issues
- No Description Available.
- Military Retirement: Major Legislative Issues
- No Description Available.
- Military Retirement: Major Legislative Issues
- No Description Available.
- Military Retirement: Major Legislative Issues
- No Description Available.
- Military Retirement: Major Legislative Issues
- No Description Available.
- Military Retirement: Major Legislative Issues
- No Description Available.
- Military Retirement: Major Legislative Issues
- No Description Available.
- Military Retirement: Major Legislative Issues
- The military retirement system includes benefits for retirement after an active or reserve military career, disability retirement, and survivor benefits for eligible survivors of deceased retirees.
- H.R. 2830: The Pension Protection Act of 2005
- No Description Available.
- Military Retirement: Major Legislative Issues
- No Description Available.
- Military Retirement: Major Legislative Issues
- No Description Available.
- Military Retirement: Major Legislative Issues
- No Description Available.
- Military Retirement: Major Legislative Issues
- No Description Available.
- Military Retirement: Major Legislative Issues
- No Description Available.
- Military Retirement: Major Legislative Issues
- No Description Available.
- Military Retirement: Major Legislative Issues
- No Description Available.
- Military Retirement: Major Legislative Issues
- No Description Available.
- Retirement Plan Participation and Contributions: Trends from 1998 to 2003
- No Description Available.
- S. 219: The National Employee Savings and Trust Equity Guarantee Act
- On July 26, 2005, the Senate Finance Committee approved S. 219, the “National Employee Savings and Trust Equity Guarantee (NESTEG) Act of 2005,” a bill to reform federal pension laws. This report summarizes the major provisions of the bill, as approved by the Committee.
- Military Retirement: Major Legislative Issues
- No Description Available.
- Military Death Benefits: Status and Proposals
- This report describes the various death benefits from the Department of Defense, Department of Veterans Affairs (VA), and Social Security available to certain survivors of members of the Armed Forces who die on active duty.
- Military Retirement: Major Legislative Issues
- No Description Available.
- Pension Sponsorship and Participation: Summary of Recent Trends
- No Description Available.
- Pension Benefit Guaranty Corporation: A Fact Sheet
- The Pension Benefit Guaranty Corporation (PBGC) is a federal government agency established in 1974 by the Employee Retirement Income Security Act (ERISA) (P.L. 93- 406). It was created to protect the pensions of participants and beneficiaries covered by private sector, defined benefit (DB) plans. These pension plans provide a specified monthly benefit at retirement, usually either a percent of salary or a flat dollar amount multiplied by years of service. Defined contribution plans, such as §401(k) plans, are not insured. The PBGC is chaired by the Secretary of Labor, with the Secretaries of Treasury and Commerce serving as board members.
- Concurrent Receipt: Background and Issues for Congress
- This report addresses the issue of concurrent receipt, which is when a person receives both military retirement pay and Veterans Administration (VA) disability pay in the full amounts due to them. It discusses the two primary components of the concurrent receipt program: Combat Related Special Compensation (CRSC) and Concurrent Retirement and Disability Payments (CRDP), and also reviews the possible legislative expansion of the program to additional populations with several potential options for Congress to consider.
- Summary of the Employee Retirement Income Security Act (ERISA)
- The Employee Retirement Income Security Act of 1974 (ERISA) provides a comprehensive federal scheme for the regulation of employee pension and welfare benefit plans offered by employers. ERISA contains various provisions intended to protect the rights of plan participants and beneficiaries in employee benefit plans. These protections include requirements relating to reporting and disclosure, participation, vesting, and benefit accrual, as well as plan funding. ERISA also regulates the responsibilities of plan fiduciaries and other issues regarding plan administration. ERISA contains various standards that a plan must meet in order to receive favorable tax treatment, and also governs plan termination. This report provides background on the pension laws prior to ERISA, discusses various types of employee benefit plans governed by ERISA, provides an overview of ERISA’s requirements, and includes a glossary of commonly used terms.
- The Market for Retirement Annuities
- A retirement annuity allows an individual to purchase a regular payment stream from an insurance company to last his lifetime. Despite the ability of the product to eliminate the risk that a retiree will outlive his assets, few retirement annuities have been sold in the individual market. In addition, the number of individuals who annuitize their defined contribution retirement plan balances remains small. New products are emerging that would offer alternate annuity designs and make annuity prices more attractive. This report discusses legislation has been proposed in the 109th Congress that would enhance the tax treatment of annuities and encourage the growth of stand-alone annuity and combined annuity and long-term care products.
- Former Presidents: Pensions, Office Allowances, and Other Federal Benefits
- This report provides a legislative and cultural history of the Former Presidents Act. It considers the potential effects of maintaining the FPA or amending the FPA in ways that might reduce or otherwise modify a former President's benefits.