Congressional Research Service Reports - 266 Matching Results

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Traditional and Roth Individual Retirement Accounts (IRAs): A Primer

Description: This report describes the primary features of two common retirement savings accounts that are available to individuals. Although the accounts have many features in common, they differ in some very important aspects. Both traditional and Roth IRAs offer tax incentives to encourage individuals to save for retirement.
Date: February 12, 2015
Creator: Topoleski, John J.
Partner: UNT Libraries Government Documents Department

Qualified Charitable Distributions from Individual Retirement Accounts: Features and Legislative History

Description: A provision of the Pension Protection Act of 2006 (P.L. 109-280) allows tax-free distributions from Individual Retirement Accounts (IRAs) for charitable purposes. This report describes the IRA Qualified Charitable Distribution (QCD) provision.
Date: February 4, 2015
Creator: Topoleski, John J. & Sidor, Gary
Partner: UNT Libraries Government Documents Department

Worker Participation in Employer-Sponsored Pensions: A Fact Sheet

Description: This fact sheet provides data on the percentage of American workers who have access to and who participate in employer-sponsored pension plans. The information is from the National Compensation Survey (NCS), which is conducted by the Bureau of Labor Statistics (BLS). The NCS provides data on occupational earnings and the availability of employee benefits among U.S. workers.
Date: February 2, 2015
Creator: Topoleski, John J.
Partner: UNT Libraries Government Documents Department

Congressional Salaries and Allowances: In Brief

Description: This report provides basic information on congressional salaries and allowances and recent developments. First, the report briefly summarizes the current salary of Members of Congress; limits or prohibitions on their outside earned income, honoraria, and tax deductions; options for life and health insurance; and retirement benefits. Second, the report provides information on allowances available to Representatives and Senators to support them in their official and representational duties.
Date: December 30, 2014
Creator: Brudnick, Ida A.
Partner: UNT Libraries Government Documents Department

Social Security: Cost-of-Living Adjustments

Description: To compensate for the effects of inflation, Social Security recipients usually receive an annual cost-of-living adjustment (COLA). Benefits will be increased by 1.7% in 2015, following an increase of 1.5% in 2014. This report discusses how the COLA is determined.
Date: October 29, 2014
Creator: Sidor, Gary
Partner: UNT Libraries Government Documents Department

The Effect of Firm Bankruptcy on Retiree Benefits, with Applications to the Automotive and Coal Industries

Description: This report begins with a discussion of whether bankrupt firms can invalidate previous commitments covering retiree pensions and health insurance. The report next discusses the specific protections accorded to retiree pensions and health insurance benefits. Certain types of pensions are guaranteed by a quasi-public agency, while no such guarantee exists for retiree health insurance. The report concludes with brief case studies of the bankruptcies of Old GM, Delphi, and Patriot.
Date: September 22, 2014
Creator: Rapaport, Carol
Partner: UNT Libraries Government Documents Department

Military Retirement: Background and Recent Developments

Description: This report discusses the noncontributory military retirement system which includes monthly compensation and benefits after an active or reserve military career, disability retirement for those physically unfit to continue to serve, and survivor benefits for the eligible survivors of deceased retirees.
Date: May 28, 2014
Creator: Burrelli, David F. & Salazar Torreon, Barbara
Partner: UNT Libraries Government Documents Department

Social Security: The Windfall Elimination Provision (WEP)

Description: This report discusses windfall elimination provision (WEP), which reduces the Social Security benefits of workers who also have pension benefits from employment not covered by Social Security. Its purpose is to remove an advantage or “windfall” these workers would otherwise receive as a result of the interaction between the Social Security benefit formula and the workers’ relatively small portion of their careers in Social Security-covered employment. Opponents contend the provision is basically imprecise and can be unfair.
Date: April 16, 2014
Creator: Sidor, Gary
Partner: UNT Libraries Government Documents Department

Credit for Military Service Under Civilian Federal Employee Retirement Systems

Description: 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.
Date: March 27, 2014
Creator: Isaacs, Katelin P.
Partner: UNT Libraries Government Documents Department

Worker Participation in Employer-Sponsored Pensions: A Fact Sheet

Description: The main part of this report is a fact sheet that provides data on the percentage of American workers who have access to and who participate in employer-sponsored pension plans. The data was collected by the Bureau of Labor Statistics (BLS) through the National Compensation Survey (NCS).
Date: March 26, 2014
Creator: Topoleski, John J.
Partner: UNT Libraries Government Documents Department

Reducing Cost-of-Living Adjustments for Military Retirees and the Bipartisan Budget Act: In Brief

Description: 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.
Date: February 19, 2014
Creator: Belasco, Amy & Kapp, Lawrence
Partner: UNT Libraries Government Documents Department

Federal Employees' Retirement System: Benefits and Financing

Description: This report discusses the retirement systems in place for federal employees including the Civil Service Retirement System (for employees hired before 1984) and the Federal Employees' Retirement System (for employees hired in 1984 or later). Both programs require participants to contribute toward the cost of their pensions through a payroll tax. This report also summarizes relevant legislation in the 113th Congress that would make significant changes to federal benefits and financing, including H.J.Res. 59, S. 18, S. 1678, and H.R. 3639.
Date: January 30, 2014
Creator: Isaacs, Katelin P.
Partner: UNT Libraries Government Documents Department

Military Retirement: Background and Recent Developments

Description: This report discusses the noncontributory military retirement system which includes monthly compensation and benefits after an active or reserve military career, disability retirement for those physically unfit to continue to serve, and survivor benefits for the eligible survivors of deceased retirees.
Date: January 27, 2014
Creator: Burrelli, David F. & Salazar Torreon, Barbara
Partner: UNT Libraries Government Documents Department

Federal Employees' Retirement System: Benefits and Financing

Description: This report discusses 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. This report also summarizes relevant legislation in the 113th Congress that would make significant changes to federal benefits and financing, including H.J.Res. 59, S. 18, S. 1678, and H.R. 3639.
Date: December 20, 2013
Creator: Isaacs, Katelin P.
Partner: UNT Libraries Government Documents Department