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Retirement Income: Challenges for Ensuring Income throughout Retirement (open access)

Retirement Income: Challenges for Ensuring Income throughout Retirement

Correspondence issued by the Government Accountability Office with an abstract that begins "As the life expectancy of Americans continues to increase, the risk that retirees will outlive their assets is a growing challenge. Today, couples both aged 62 have a 47 percent chance that at least one of them will live to their 90th birthday. In addition to the risk of outliving ones' assets, the sharp declines in financial markets and home equity during the last few years and the continued increase in health care costs have intensified workers' concerns about having enough savings and how to best manage those savings in retirement. Congress asked us to examine (1) options retirees have for drawing on financial assets to replace preretirement income and options retirees choose, and (2) how pensions, annuities and other retirement savings vehicles are regulated."
Date: April 28, 2010
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Bank Secrecy Act: FinCEN Needs to Further Develop Its Form Revision Process for Suspicious Activity Reports (open access)

Bank Secrecy Act: FinCEN Needs to Further Develop Its Form Revision Process for Suspicious Activity Reports

Testimony issued by the Government Accountability Office with an abstract that begins "To assist law enforcement agencies in their efforts to combat money laundering, terrorist financing, and other financial crimes, the Bank Secrecy Act (BSA) requires financial institutions to file suspicious activity reports (SAR) to inform the federal government of transactions related to possible violations of law or regulation. Depository institutions have been concerned about the resources required to file SARs and the extent to which SARs are used. The Subcommittee asked GAO to discuss our February 2009 report on suspicious activity reporting. Specifically, this testimony discusses (1) factors affecting the number of SARs filed, (2) actions agencies have taken to improve the usefulness of SARs, (3) federal agencies' use of SARs, and (4) the effectiveness of the process used to revise SAR forms. To respond to the request, GAO relied primarily on the February 2009 report titled Bank Secrecy Act: Suspicious Activity Report Use Is Increasing, but FinCEN Needs to Further Develop and Document Its Form Revision Process (GAO-09-226), and updated it with additional information provided by FinCEN. In that report, GAO recommended that FinCEN work to further develop a strategy that fully incorporates certain GAO-identified practices to enhance …
Date: April 28, 2010
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Nursing Homes: Some Improvement Seen in Understatement of Serious Deficiencies, but Implications for the Longer-Term Trend Are Unclear (open access)

Nursing Homes: Some Improvement Seen in Understatement of Serious Deficiencies, but Implications for the Longer-Term Trend Are Unclear

Correspondence issued by the Government Accountability Office with an abstract that begins "Federal and state governments share responsibility for ensuring that nursing homes provide quality care in a safe environment for vulnerable elderly or disabled individuals who can no longer care for themselves. States survey nursing homes annually under contract with the Centers for Medicare & Medicaid Services (CMS), the federal agency responsible for ensuring the effectiveness of state surveys. To evaluate state surveyors' performance, CMS conducts federal comparative surveys in which federal surveyors independently resurvey a home recently inspected by state surveyors and compare and contrast the deficiencies identified during the two surveys. Federal comparative surveys can find two types of understatement: (1) missed deficiencies, which can occur when a state surveyor fails to cite a deficiency altogether, or (2) cases where state surveyors cite deficiencies at too low a level. In May 2008, we reported that a substantial proportion of federal comparative surveys conducted from fiscal years 2002 through 2007 identified missed deficiencies that either had the potential to or did result in harm, death, or serious injury to nursing home residents."
Date: April 28, 2010
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Centers for Medicare and Medicaid Services: Pervasive Internal Control Weaknesses Hindered Effective Contract Management (open access)

Centers for Medicare and Medicaid Services: Pervasive Internal Control Weaknesses Hindered Effective Contract Management

Testimony issued by the Government Accountability Office with an abstract that begins "In November 2007, GAO reported significant deficiencies in internal control over certain contracts the Centers for Medicare and Medicaid Services (CMS) awarded under the Federal Acquisition Regulation (FAR). This Subcommittee and others in Congress asked GAO to perform an in-depth review of CMS's contract management practices. This testimony is based on GAO's October 2009 report on these issues and summarizes GAO's findings on the extent to which CMS (1) implemented effective control procedures over contract actions, (2) established a strong contract management control environment, and (3) implemented GAO's 2007 recommendations. GAO used a statistical random sample of 2008 CMS contract actions to assess CMS internal control procedures. The results were projected to the population of 2008 CMS contract actions. GAO reviewed contract file documentation and interviewed senior acquisition management officials."
Date: April 28, 2010
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Military Personnel: Comparisons between Military and Civilian Compensation Can be Useful, but Data Limitations Prevent Exact Comparisons (open access)

Military Personnel: Comparisons between Military and Civilian Compensation Can be Useful, but Data Limitations Prevent Exact Comparisons

Testimony issued by the Government Accountability Office with an abstract that begins "This testimony discusses our most recent report on military and civilian pay comparisons and the challenges associated with those types of comparisons. The Department of Defense's (DOD) military compensation package, which is a myriad of pays and benefits, is an important tool for attracting and retaining the number and quality of active duty servicemembers DOD needs to fulfill its mission. Since DOD transitioned to an all-volunteer force in 1973, the amount of pay and benefits that servicemembers receive has progressively increased. When it is competitive with civilian compensation, military compensation can be appropriate and adequate to attract and retain servicemembers. However, comparisons between the two involve both challenges and limitations. Specifically, as we have previously reported, no data exist that would allow an exact comparison between military and civilian personnel with the same levels of work experience. Also, nonmonetary considerations complicate such comparisons, because their value cannot be quantified. For example, military service is unique in that the working conditions for active duty service carry the risk of death and injury during wartime and the potential for frequent, long deployments, unlike most civilian jobs. In addition, there is …
Date: April 28, 2010
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Anti-Money Laundering: Better Communication Could Enhance the Support FinCEN Provides to Law Enforcement (open access)

Anti-Money Laundering: Better Communication Could Enhance the Support FinCEN Provides to Law Enforcement

Testimony issued by the Government Accountability Office with an abstract that begins "Financial investigations are used to combat money laundering and terrorist financing, crimes that can destabilize national economies and threaten global security. The Financial Crimes Enforcement Network (FinCEN), within the Department of the Treasury, supports law enforcement agencies (LEAs) in their efforts to investigate financial crimes by providing them with services and products, such as access to financial data, analysis, and case support. This statement discusses the extent to which the law enforcement community finds FinCEN's support useful in its efforts to investigate and prosecute financial crimes. This statement is based on work GAO completed and issued in December 2009."
Date: April 28, 2010
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Oral History Interview with John Frost, April 28, 2010 (open access)

Oral History Interview with John Frost, April 28, 2010

The National Museum of the Pacific War presents an interview with John Frost. Frost joined the Army Air Forces around late 1942 and served as a pilot in the 13th Army Air Force, 5th Bombardment Group, 394th Bomb Squadron. In mid-1944 he was assigned to pilot and serve as Squadron Navigator aboard B-24s in the Pacific. They provided air support during the Battle of Leyte Gulf. He describes one event where he and his crew were shot down over Mindanao in the Philippines. They were taken to Morotai Island for recovery. Around January of 1945 they traveled to Australia and participated in bombings over Biak and surrounding Schouten Islands. He returned to the US in July, and was discharged in December.
Date: April 28, 2010
Creator: Frost, John
System: The Portal to Texas History
Oral History Interview with Virgil Sansing, April 28, 2010 (open access)

Oral History Interview with Virgil Sansing, April 28, 2010

The National Museum of the Pacific War presents an interview with Virgil Sansing. Sansing joined the Army Air Forces in November of 1941. He completed Aircraft Maintenance School, and served as a repairman for over a year, then received approval for flight school. In late 1943 Sansing served as a fighter pilot with the 359th Fighter Group, 369th Fighter Squadron in England. He flew missions over Europe in P-47s and P-51s. On 20 June 1944, while participating in the invasion of Normandy, Sansing was shot down when strafing rail yards in France. Upon parachuting, Sansing immediately went into hiding in the French countryside. For the next few months he was assisted by French families and members of the French Resistance, which helped him reach his base in England. He completed 50 combat missions. He went back to the US and served as a Gunnery Instructor in P-47s, and later completed Aircraft Maintenance Officer School. Sansing served 31 years in the Army, retiring in 1973. He then flew with the Confederate Air Force for 32 years.
Date: April 28, 2010
Creator: Sansing, Virgil
System: The Portal to Texas History