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 Collection: Congressional Research Service Reports
Concurrent Receipt of Military Retirement and VA Disability Benefits: Budgetary Issues
House and Senate conferees on the FY2003 National Defense Authorization Act (H.R. 4546) are currently considering provisions that would lift the longstanding prohibition on concurrent receipt (simultaneous payment) of Department of Defense (DoD) retired pay and Department of Veterans’ Affairs (VA) disability benefits. The House-passed bill would phase in partial concurrent receipt by providing both retirement and VA benefits for those with disabilities of 60 percent or above by FY2007. The Senate-passed bill provides full concurrent receipt for military retirees with any disability rating in FY2003. digital.library.unt.edu/ark:/67531/metacrs3603/
Cost-of-Living Adjustments for Federal Civil Service Annuities
Cost-of-living adjustments (COLAs) for the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS) are based on the rate of inflation as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). COLAs for both CSRS and FERS are determined by the average monthly CPI-W during the third quarter (July to September) of the current calendar year and the third quarter of the previous year. digital.library.unt.edu/ark:/67531/metacrs7587/
Social Security Reform: How Much of a Role Could Private Retirement Accounts Play?
No Description digital.library.unt.edu/ark:/67531/metacrs755/
Cost-of-Living Adjustments for Federal Civil Service Annuities
Cost-of-living adjustments (COLAs) for the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS) are based on the rate of inflation as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). COLAs for both CSRS and FERS are determined by the average monthly CPI-W during the third quarter (July to September) of the current calendar year and the third quarter of the previous year. digital.library.unt.edu/ark:/67531/metacrs7674/
Social Security: The Cost-of-Living Adjustment in January 2006
No Description digital.library.unt.edu/ark:/67531/metacrs7673/
Social Security Reform: How Much of a Role Could Personal Retirement Accounts Play?
No Description digital.library.unt.edu/ark:/67531/metacrs3297/
Railroad Retirement: Legislation in the 107th Congress
No Description digital.library.unt.edu/ark:/67531/metacrs3300/
Reducing Cost-of-Living Adjustments for Military Retirees and the Bipartisan Budget Act: In Brief
This report discusses the reduction of cost-of-living adjustments (COLAs) for military retirees through the Bipartisan Budget Act (BBA). It includes an overview of the changes, demographics of military retirees, and potential effects of the changes. digital.library.unt.edu/ark:/67531/metadc282301/
Pension Benefit Guaranty Corporation (PBGC) Investment Policy: Issues for Congress
The Pension Benefit Guaranty Corporation is a federal corporation established under Title IV of the Employee Retirement Income Security Act of 1974. It insures private pension beneficiaries against the complete loss of accrued benefits if their defined benefit pension plan is terminated without adequate funding. It receives no appropriations from general revenue. Its operations are financed by insurance premiums set by Congress and paid by sponsors of defined benefit plans, investment income from the assets in its trust fund, and recoveries from the companies formerly responsible for the trusted plans. digital.library.unt.edu/ark:/67531/metadc83884/
Cost-of-Living Adjustments for Federal Civil Service Annuities
Cost-of-living adjustments (COLAs) for the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS) are based on the rate of inflation as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). All CSRS retirees and survivors receive COLAs. Under FERS, however, non-disabled retirees under age 62 do not receive COLAs. This report discusses cost-of-living adjustments for government retirees, as well as related legislation. digital.library.unt.edu/ark:/67531/metadc26058/
Converting Retirement Savings into Income: Annuities and Periodic Withdrawals
To a worker contemplating retirement, there is perhaps no more important question than "How long will my money last?" Congress has a strong interest in the income security of older Americans because much of their income is either provided directly from public programs like Social Security, or in the case of pensions and retirement accounts, is subsidized through tax deductions and deferrals. This report discusses risks involved with retirement fund disbursement and strategies for dealing with such risks. digital.library.unt.edu/ark:/67531/metadc83870/
Securities and Exchange Commission Rule 151A and Annuities: Issues and Legislation
This report explains the different types of annuities, the taxation of annuities, and disentangles the federal and state roles in the regulation of annuities. It outlines the SEC rule, including practical considerations for implementation. It also discusses congressional action in response to the SEC rule. digital.library.unt.edu/ark:/67531/metadc491613/
Credit for Military Service Under Civilian Federal Employee Retirement Systems
This report discusses the earned pension benefits under one of two retirement plans for the federal employees with permanent appointments. digital.library.unt.edu/ark:/67531/metadc491178/
Multiemployer Defined Benefit (DB) Pension Plans: A Primer and Analysis of Policy Options
This report discusses the nature of multiemployer defined benefit (DB) pension plans, and issues regarding their financial solvency. digital.library.unt.edu/ark:/67531/metadc491061/
Veterans' Benefits: The Department of Veterans Affairs and the Duty to Assist Claimants
This report analyzes court decisions that have examined the Department of Veterans Affairs' (VA's) obligation to assist veterans during the claims process. digital.library.unt.edu/ark:/67531/metadc463168/
Former Presidents: Pensions, Office Allowances, and Other Federal Benefits
This report describes the benefits Presidents receive upon leaving office, details the history of the Former Presidents Act (FPA), and analyzes some legislative options for the 110th Congress related to former Presidents. digital.library.unt.edu/ark:/67531/metadc463229/
Federal Employees: Pay and Pension Increases Since 1969
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. The annual increases in federal employee pay 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. Federal law also requires Social Security benefits and the pensions paid to retired federal employees to be adjusted each year. The COLAs for both Social Security and civil service pensions are based on the rate of inflation as measured by the CPI. digital.library.unt.edu/ark:/67531/metadc29484/
Social Security: The Government Pension Offset
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COLAs for Military Retirees: Summary of Congressional and Executive Branch Action, 1982-2003 (FY1983-FY2004)
The Omnibus Reconciliation Act of 1982 (which applied to FY1983 budget issues) suspended previously existing permanent law pertaining to cost-of-living adjustments(COLAs) for federal civilian and military retirees, and changed the COLA calculation formulas to postpone and/or reduce future COLAs for military retirees during 1983-1985 (FY1984-FY1986).This report examines executive and congressional COLA-related initiatives associated with each of the fiscal year budgeting processes from calendar year 1982 (FY1983) through calendar year 2000 (FY2001). digital.library.unt.edu/ark:/67531/metacrs6000/
COLAs for Military Retirees: Summary of Congressional and Executive Branch Action, 1982-2002 (FY1983-FY2003)
The Omnibus Reconciliation Act of 1982 (which applied to FY1983 budget issues) suspended previously existing permanent law pertaining to cost-of-living adjustments(COLAs) for federal civilian and military retirees, and changed the COLA calculation formulas to postpone and/or reduce future COLAs for military retirees during 1983-1985 (FY1984-FY1986).This report examines executive and congressional COLA-related initiatives associated with each of the fiscal year budgeting processes from calendar year 1982 (FY1983) through calendar year 2000 (FY2001). digital.library.unt.edu/ark:/67531/metacrs3222/
COLAs for Military Retirees: Summary of Congressional and Executive Branch Action, 1982-2001 (FY1983-FY2002)
The Omnibus Reconciliation Act of 1982 (which applied to FY1983 budget issues) suspended previously existing permanent law pertaining to cost-of-living adjustments(COLAs) for federal civilian and military retirees, and changed the COLA calculation formulas to postpone and/or reduce future COLAs for military retirees during 1983-1985 (FY1984-FY1986).This report examines executive and congressional COLA-related initiatives associated with each of the fiscal year budgeting processes from calendar year 1982 (FY1983) through calendar year 2000 (FY2001). digital.library.unt.edu/ark:/67531/metacrs3221/
Pension Issues Cloud Postal Reform Debate
No Description digital.library.unt.edu/ark:/67531/metacrs7538/
Social Security: The Government Pension Offset (GPO)
This report discusses the social security benefits and the spousal benefits of individuals who are not financially dependent on their spouses because they receive benefits based on their own work records. digital.library.unt.edu/ark:/67531/metadc287951/
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. digital.library.unt.edu/ark:/67531/metadc83804/
Military Retirement and Veterans' Compensation: Concurrent Receipt Issues
This report describes the history and background of the offset and the legislative history of recent attempts to eliminate or reduce the offset. It delineates and analyzes the arguments for and against eliminating or reducing the offset and allowing concurrent receipt, and addresses the issues of costs, precedents in other Federal programs, purposes of the two programs, and equity issues. Finally, options other than full concurrent receipt are mentioned. digital.library.unt.edu/ark:/67531/metadc26093/
Federal Employees: Pay and Pension Increases Since 1969
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. The annual increases in federal employee pay 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. Federal law also requires Social Security benefits and the pensions paid to retired federal employees to be adjusted each year. The COLAs for both Social Security and civil service pensions are based on the rate of inflation as measured by the CPI. digital.library.unt.edu/ark:/67531/metadc26065/
Military Benefits for Former Spouses: Legislation and Policy Issues
No Description digital.library.unt.edu/ark:/67531/metacrs8210/
Budget Reconciliation and the PBGC
The Pension Benefit Guaranty Corporation (PBGC) posted a deficit of $23.5 billion as of the latest reporting period, and the deficit is expected to grow further. Major bills introduced in the 109th Congress to reform funding rules for the defined benefit pension system and to raise PBGC premiums include H.R. 2830 and S. 1783. Neither has yet passed the full House or Senate. PBGC premiums are an important source of revenue for meeting the budget reconciliation targets. The House Budget Committee has reported out H.R. 4241, a budget reconciliation package that would raise PBGC premiums. The Senate has passed S. 1932, a budget reconciliation package that also contains PBGC premium increases. digital.library.unt.edu/ark:/67531/metacrs8307/
Employer Stock in Retirement Plans: Investment Risk and Retirement Security
This CRS Report begins by describing the shift from traditional defined benefit pensions to defined contribution plans – like the 401(k) – that has occurred over the last 20 to 25 years. It then summarizes recent research findings on the extent to which employees’ retirement savings are invested in employer stock. The third section of the report outlines the provisions of federal law that define an employer’s duty to manage its retirement plan in the best interest of the plan’s participants. The report concludes with a summary of pension reform legislation passed by the House of Representatives in April 2002 and a description of several pension reform bills that have been introduced in the Senate in 2002. digital.library.unt.edu/ark:/67531/metacrs2821/
The Enron Bankruptcy and Employer Stock in Retirement Plans
This report describes the current laws governing the holding of employer stock in employee retirement plans and summarizes some key policy questions that pension analysts have raised about holding such stock in defined contribution retirement plans. digital.library.unt.edu/ark:/67531/metacrs2829/
Individual Retirement Accounts (IRAs): Legislative Issues in the 106th Congress
No Description digital.library.unt.edu/ark:/67531/metacrs1890/
Pensions: Major Provisions of the Retirement Security and Savings Act of 2000
No Description digital.library.unt.edu/ark:/67531/metacrs1893/
A Comparison of Benefits Earned Under Social Security and Civil Service Retirement
This report provides a brief side-by-side comparison of Civil Service Retirement and Social Security benefits. digital.library.unt.edu/ark:/67531/metacrs8802/
Federal Employees' Retirement Benefits: Bills in the 108th Congress
No Description digital.library.unt.edu/ark:/67531/metacrs4981/
Federal Employees' Retirement Benefits: Bills in the 108th Congress
No Description digital.library.unt.edu/ark:/67531/metacrs4980/
Employer Stock in Retirement Plans: Investment Risk and Retirement Security
This CRS Report begins by describing the shift from traditional defined benefit pensions to defined contribution plans – like the 401(k) – that has occurred over the last 20 to 25 years. It then summarizes recent research findings on the extent to which employees’ retirement savings are invested in employer stock. The third section of the report outlines the provisions of federal law that define an employer’s duty to manage its retirement plan in the best interest of the plan’s participants. The report concludes with a summary of pension reform legislation passed by the House of Representatives in April 2002 and a description of several pension reform bills that have been introduced in the Senate in 2002. digital.library.unt.edu/ark:/67531/metacrs4654/
Pension Benefit Guaranty Corporation: A Fact Sheet
No Description digital.library.unt.edu/ark:/67531/metacrs7402/
Individual Retirement Accounts (IRAs): Legislative Issues in the 105th Congress
No Description digital.library.unt.edu/ark:/67531/metacrs754/
Federal Employees' Retirement System: Benefits and Financing
Report discussing the retirement systems in place for federal employees. Most civilian federal employees who were hired before 1984 are covered by the Civil Service Retirement System, and contribute 7.0% of their pay to a retirement fund. Federal employees hired in 1984 or later are covered by the Federal Employees' Retirement System and contribute 0.8% of their pay to a retirement fund. Both require participants to contribute toward the cost of their pensions through a payroll tax. The taxable wage base is $110,100 in 2012. This report discusses both retirement funds. digital.library.unt.edu/ark:/67531/metadc86532/
Legal Issues Related to Proving “Service Connection” for VA Disability Compensation: Statutory Presumptions
This report provides a basic overview of various statutory presumptions that help veterans substantiate a service-connected claim for disability compensation. digital.library.unt.edu/ark:/67531/metadc103110/
Disability Retirement for Federal Employees
This report describes recent trends in the number of civil service annuitants and the financial status of the Civil Service Retirement and Disability Fund. digital.library.unt.edu/ark:/67531/metadc284454/
Federal Employees' Retirement System: Benefits and Financing
Most civilian federal employees who were hired before 1984 are covered by the Civil Service Retirement System, and contribute 7.0% of their pay to a retirement fund. Federal employees hired in 1984 or later are covered by the Federal Employees' Retirement System and contribute 0.8% of their pay to a retirement fund. Both require participants to contribute toward the cost of their pensions through a payroll tax. The taxable wage base is $110,100 in 2012. This report discusses both retirement funds. digital.library.unt.edu/ark:/67531/metadc83862/
Federal Employees' Retirement System: Benefits and Financing
Most civilian federal employees who were hired before 1984 are covered by the Civil Service Retirement System, and contribute 7.0% of their pay to a retirement fund. Federal employees hired in 1984 or later are covered by the Federal Employees' Retirement System and contribute 0.8% of their pay to a retirement fund. Both require participants to contribute toward the cost of their pensions through a payroll tax. The taxable wage base is $106,800 in 2011. This report discusses both retirement funds. digital.library.unt.edu/ark:/67531/metadc83861/
Federal Employees' Retirement System: Summary of Recent Trends
This report describes recent trends in the number of civil service annuitants and the financial status of the Civil Service Retirement and Disability Fund. digital.library.unt.edu/ark:/67531/metadc83868/
Retirement Benefits for Members of Congress
This report discusses the Civil Service Retirement Act of 1920 (P.L. 66-215) that established a pension system for federal employees in the executive branch of government. digital.library.unt.edu/ark:/67531/metadc332971/
Regulating Private Pensions: A Brief Summary of ERISA
This report briefly discusses the Employee Retirement Income Security Act of 1974 (ERISA), and how it protects the interests of participants and beneficiaries in private-sector employee benefit plans. ERISA covers a number of fringe benefits provided by employers, but most of its provisions deal with pension plans. Pension plans sponsored by the federal, state, and local governments, or by churches generally are exempt from ERISA. digital.library.unt.edu/ark:/67531/metadc29496/
Veterans Affairs: "Gray Area Retirees"-- Issues and Related Legislation
The United States Department of Veterans Affairs (VA) provides a broad range of benefits and services to American veterans and to certain members of their families. In addition, the Department of Defense (DOD) offers a variety of benefits to veterans who are also military retirees. When members of the National Guard or the Reserve who have not yet reached age 60 retire (usually after at least 20 years of service), however, they are not entitled to certain federal benefits, including health care. These military retirees are commonly known as "Gray Area Retirees" (GARs). These persons may not necessarily meet the relevant statutory definition of "veterans" for VA benefit purposes, nor are they eligible for DOD health benefits until they are eligible for military retired pay at age 60. This report examines the current VA and DOD benefit eligibility for members of the National Guard and the Reserves. It also examines the benefit status and situation of GARs. digital.library.unt.edu/ark:/67531/metadc491654/
Early Withdrawals and Required Minimum Distributions in Retirement Accounts: Issues for Congress
In response to the economic downturn, Congress considered providing relief to Americans by suspending two tax penalties on defined contribution retirement plans and Individual Retirement Accounts (IRAs). This report discusses the reasons offered in support of suspending these provisions, as well as the drawbacks. This report also presents data that estimates the number of households that these proposals would impact. Borrowing from retirement plans as an alternative to withdrawals is also discussed. Finally, the report discusses the kinds of proposals offered to either suspend or eliminate the early withdrawal penalty or the required minimum distribution provision. digital.library.unt.edu/ark:/67531/metadc491272/
Veterans' Benefits: Issues in the 110th Congress
This report discusses veterans' benefits issues that are already part of the legislative agenda for the 110th Congress or are likely to be of interest to Congress. These benefits and issues fall under the jurisdiction of the Department of Veterans Affairs (VA), Veterans Benefits Administration (VBA). Also presented in this report are an overview of the benefits and their eligibility requirements, data on both the veteran population and the benefit population, and summary information on the FY2008 budget for veterans' benefits. digital.library.unt.edu/ark:/67531/metadc462344/
Credit for Military Service Under Civilian Federal Employee Retirement Systems
This report discusses the Crediting Military Service under the Civil Service Retirement System (CSRS) and the Federal Employees' Retirement System (FERS). Under both CSRS and FERS, federal employees who have served on active duty in the military can have their years of military service counted for retirement eligibility and pension benefits. digital.library.unt.edu/ark:/67531/metadc462066/