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Offices, Department of the Treasury, Executive (1 - 10 of 10 items)
401(K) Plans: Effects of Eligibility and Vesting Policies on Workers' Retirement Savings
GAO-17-69: Published: Oct 21, 2016. Publicly Released: Nov 21, 2016.
GAO's nongeneralizable survey of 80 401(k) plans ranging in size from fewer than 100 participants to more than 5,000 and its review of industry data found that many plans have policies that affect workers' ability to (1) save in plans (eligibility policies), (2) receive employer contributions, and (3) keep those employer contributions if they leave their job (vesting policies). Thirty-three of 80...
Medicaid: Alternative Measures Could Be Used to Allocate Funding More Equitably
GAO-13-434: Published: May 10, 2013. Publicly Released: May 10, 2013.
GAO identified multiple data sources that could be used to develop measures to allocate Medicaid funding to states more equitably than the current funding formula--known as the Federal Medical Assistance Percentage (FMAP)--which is based solely on per capita income (PCI). To be equitable from the perspective of beneficiaries and allow states to provide a comparable level of services to each person...
Vacant Properties: Growing Number Increases Communities' Costs and Challenges
GAO-12-34: Published: Nov 4, 2011. Publicly Released: Dec 6, 2011.
Vacant and unattended residential properties can attract crime, cause blight, and pose a threat to public safety. While homeowners or mortgage owners--including the mortgage servicers that administer loans on behalf of loan owners--are responsible for maintaining vacant properties with mortgages undergoing foreclosure, the costs local governments incur to mitigate any unsafe conditions can be sign...
State and Local Governments: Knowledge of Past Recessions Can Inform Future Federal Fiscal Assistance
GAO-11-401: Published: Mar 31, 2011. Publicly Released: Mar 31, 2011.
The most recent recession, which started in December 2007, is generally believed to be the worst economic downturn the country has experienced since the Great Depression. In response to this recession, Congress passed the American Recovery and Reinvestment Act of 2009 (Recovery Act), which provided state and local governments with about $282 billion in fiscal assistance. The Recovery Act requires...
Consumer Finance: Factors Affecting the Financial Literacy of Individuals with Limited English Proficiency
GAO-10-518: Published: May 21, 2010. Publicly Released: May 21, 2010.
According to Census data, more than 12 million adults in the United States report they do not speak English well or at all. Proficiency in reading, writing, speaking, and understanding the English language appears to be linked to multiple dimensions of adult life in the United States, including financial literacy--the ability to make informed judgments and take effective actions regarding the curr...
Retirement Savings: Automatic Enrollment Shows Promise for Some Workers, but Proposals to Broaden Retirement Savings for Other Workers Could Face Challenges
GAO-10-31: Published: Oct 23, 2009. Publicly Released: Oct 26, 2009.
Although employer-sponsored retirement plans can be an important component of income security after retirement, only about half of all workers participate in such plans. To foster greater participation among workers who have access to such plans, Congress included provisions that facilitate plan sponsors' adoption of automatic enrollment policies in the Pension Protection Act of 2006. To foster gr...
Vocational Rehabilitation Funding Formula: Options for Improving Equity in State Grants and Considerations for Performance Incentives
GAO-09-798: Published: Sep 30, 2009. Publicly Released: Sep 30, 2009.
State vocational rehabilitation (VR) agencies play a crucial role in helping individuals with disabilities obtain employment. In fiscal year 2008, the Department of Education (Education) distributed over $2.8 billion in grants to state agencies, using a funding formula that was last revised in 1978. Questions have been raised about whether this formula is outdated, allocates funds equitably, and a...
Sales Taxes: Electronic Commerce Growth Presents Challenges; Revenue Losses Are Uncertain
GGD/OCE-00-165: Published: Jun 30, 2000. Publicly Released: Jul 24, 2000.
Pursuant to a congressional request, GAO provided information on the impact of electronic commerce (e-commerce) growth on state and local government sales tax collections, focusing on: (1) how taxes associated with the sale of goods and services over the Internet differ from taxes associated with sales by other remote sellers and in-store sellers; (2) the extent to which each state relies on sales...
Tax Credits: Reasons for Cost Differences in Housing Built by For-Profit and Nonprofit Developers
RCED-99-60: Published: Mar 10, 1999. Publicly Released: Mar 10, 1999.
Pursuant to a congressional request, GAO reviewed the characteristics of the residents and properties that have benefited from the Low-Income Housing Tax Credit program, focusing on assessing the impact of variations in characteristics such as the type or location of the property or the type of tenants served.GAO noted that: (1) while tax credit units built by nonprofit developers cost more, on av...
Statistical Agencies: Statutory Requirements Affecting Government Policies and Programs
GGD-96-106: Published: Jul 17, 1996. Publicly Released: Jul 17, 1996.
Pursuant to a congressional request, GAO provided a listing of legislatively mandated reports that statistical agencies produce for Congress on a regular basis, focusing on the statutory authority for these reports.GAO found that: (1) the 11 principal statistical agencies are subject to a variety of laws that authorize statistical activities, prevent the unauthorized disclosure of confidential inf...