About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

FPCD-81-35 1 (1981-02-26)

handle is hein.gao/gaobabbog0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 FEDERAL PERSONNEL AND FEBRUARY 26, 1981 COMPENSATION DIVISION B-201811 The Honorable Arch S. RamsayII111111li Acting Director Office of Personnel Management 114439 Dear Mr. Ramsay: Subject: jChanges Needed in Calculation of Reduction in Civil Service Annuities for Survivor BenefitsJ (FPCD-81-35) We have completed our review of how the Office of Personnel Management (OPM) reduces the civil service annui- ties of retired Federal employees who have elected survivor benefits for their spouses. )We believe that changes need to be made to more properly calculate the annuity reduction when cost-of-living adjustments are granted. The changes would eliminate monetary inequities which are now being created between prior and new retirees. They would also reduce expenditures from the civil service retirement fund and permit more efficient records processing. These modifi- cations would not change the annuities payable to survivors. Our objectives were to evaluate the propriety of OPM's method of calculating the survivor beflefit reduction when applying cost-of-living adjustments and to determine what the effects would be if the method were changed. Our conclusions are based on a longitudinal study of selected retirement records in which the survivorship option was elected and a comparison of methods for applying cost-of- living adjustments to such retirement annuities. A description of our sampling methodology and estimated savings is contained in the enclosure. At OPM's headquarters in Washington, D.C., we reviewed procedures for maintaining retirement accounts pertinent to the survivor program and the laws governing survi- vor benefit reductions and cost-of-living adjustments. We (963140)

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most