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

HRD-82-12 1 (1981-10-19)

handle is hein.gao/gaobabcou0001 and id is 1 raw text is: by t~~~e - a~ -AcaaI raf REPORT BY THE Comptroller General OF THE UNITED STATES Better Management Of Private Pension Plan Data Can Reduce Costs And Improve ERISA Administration The Employee Retirement Income Security Act requires private pension plans to report information to the Department of Labor, the Internal Revenue Service, and the Pension Benefit Guaranty Corpora- tion, the agencies responsible for administering and enforcing the act. However, there is no assurance that all plans are reporting as required and that all insured plans are paying premiums. When plans do report, data are often missing or inaccurate. Efforts to correct the situation have been ineffective and duplicative. Certain reports are seldom used. Although actions have been taken, and more are planned, to improve information reporting and ac- curacy, these actions will not fully resolve the problems GAO identified. Therefore, GAO recom- mends that the Congress, the Departments of Labor and the Treasury, and the Pension Benefit Guaranty Corporation reduce reporting require- ments, assure the collection of insurance premiums, and improve efforts to obtain accurate and com- plete data. 41COUN HRD-82-12 OCTOBER 19, 1981

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