Degree Department

565 Matching Results

Results open in a new window/tab.

Senior Recital: 2007-03-06 - Matt Gawlik, baritone saxophone

Access: Use of this item is restricted to the UNT Community
A senior recital presented at the UNT College of Music Kenton Hall.
Date: March 6, 2007
Creator: Gawlik, Matt & Walkenhauer, Ben
Object Type: Sound
System: The UNT Digital Library
Defense Management: More Transparency Needed over the Financial and Human Capital Operations of the Joint Improvised Explosive Device Defeat Organization (open access)

Defense Management: More Transparency Needed over the Financial and Human Capital Operations of the Joint Improvised Explosive Device Defeat Organization

A letter report issued by the Government Accountability Office with an abstract that begins "Improvised explosive devices (IED) have been and continue to be a significant threat to U.S. forces. The Department of Defense (DOD) expanded efforts to defeat IEDs with the establishment of the Joint Improvised Explosive Device Defeat Organization (JIEDDO) in January 2006. GAO was asked to review JIEDDO's management and operations. For this second report in its series, GAO determined (1) the extent to which JIEDDO's management processes provide adequate assurances that its financial information is accurate and provides transparency over its operations and (2) the extent to which JIEDDO identifies, records, tracks, and reports numbers of all personnel, including contractors. GAO analyzed data for the first half of fiscal year 2007, which included 47 funding transactions totaling $1.34 billion for 24 initiatives to address these objectives."
Date: March 6, 2008
Creator: United States. Government Accountability Office.
Object Type: Report
System: The UNT Digital Library
Defense Infrastructure: Army and Marine Corps Grow the Force Construction Projects Generally Support the Initiative (open access)

Defense Infrastructure: Army and Marine Corps Grow the Force Construction Projects Generally Support the Initiative

A letter report issued by the Government Accountability Office with an abstract that begins "In January 2007 the President announced an initiative, referred to as Grow the Force, to increase the end strength in the Army by more than 74,000 by 2013 and the Marine Corps by 27,000 personnel by 2011 to enhance U.S. forces, reduce stress on deployable personnel, and provide necessary forces for success in the Global War on Terrorism. The Department of Defense (DOD) estimates that it will need more than $17 billion for facilities to accommodate the planned personnel increases. GAO was asked to review (1) the process the Army and Marine Corps used to develop construction projects associated with Grow the Force, (2) the extent to which the projects submitted in DOD's budget requests for fiscal years 2007 and 2008 support the initiative, and (3) whether the Army and Marine Corps plan to use temporary facilities while construction projects are completed. GAO reviewed the construction projects associated with Grow the Force in DOD's budget requests for fiscal years 2007 and 2008, reviewed stationing documents, and interviewed officials at Army and Marine Corps headquarters and six installations on the process used to develop projects. In comments …
Date: March 6, 2008
Creator: United States. Government Accountability Office.
Object Type: Report
System: The UNT Digital Library
Surface Transportation: Restructured Federal Approach Needed for More Focused, Performance-Based, and Sustainable Programs (open access)

Surface Transportation: Restructured Federal Approach Needed for More Focused, Performance-Based, and Sustainable Programs

A letter report issued by the Government Accountability Office with an abstract that begins "Surface transportation programs need to be reexamined in the context of the nation's current unsustainable fiscal path. Surface transportation programs are particularly ready for review as the Highway Trust Fund faces a fiscal imbalance at a time when both congestion and travel demand are growing. As you requested, this report (1) provides an overview of the federal role in surface transportation and the goals and structures of federal programs, (2) summarizes GAO's conclusions about the structure and performance of these programs, and (3) provides principles to assess options for focusing future surface transportation programs. GAO's study is based on prior GAO reports, stakeholder reports and interviews, Department of Transportation documents, and the views of transportation experts."
Date: March 6, 2008
Creator: United States. Government Accountability Office.
Object Type: Report
System: The UNT Digital Library
U.N. Peacekeeping: GAO's Access to Records on Executive Branch Decision-making (open access)

U.N. Peacekeeping: GAO's Access to Records on Executive Branch Decision-making

Correspondence issued by the General Accounting Office with an abstract that begins "This correspondence provides information on GAO's efforts to obtain access to executive branch records needed to complete its study of United Nations (U.N.) peacekeeping operations. GAO's experience in trying to obtain these records has impaired its ability to conduct meaningful oversight work for Congress that is timely, independent, objective, fact-based, accurate, and complete. Specifically (1) unreasonable delays in obtaining access to the executive branch records have prevented GAO from sending a timely report to Congress, (2) GAO does not have reasonable assurance that it has had independent access to all executive branch records that may have a material bearing on its study, and (3) denying GAO access to records has impaired its ability to conduct a complete and accurate assessment of U.N peacekeeping operations."
Date: March 6, 2001
Creator: United States. General Accounting Office.
Object Type: Text
System: The UNT Digital Library
Defense Transportation: More Reliable Information Key to Managing Airlift Services More Efficiently (open access)

Defense Transportation: More Reliable Information Key to Managing Airlift Services More Efficiently

A letter report issued by the General Accounting Office with an abstract that begins "Pursuant to a congressional request, GAO reviewed the Air Mobility Command's airlift rates, focusing on the: (1) extent to which the Air Mobility Command has reliable financial information for managing airlift transportation services; and (2) factors affecting efficient cost control of airlift services."
Date: March 6, 2000
Creator: United States. General Accounting Office.
Object Type: Report
System: The UNT Digital Library
Performance and Accountability: Transportation Challenges Facing Congress and the Department of Transportation (open access)

Performance and Accountability: Transportation Challenges Facing Congress and the Department of Transportation

Testimony issued by the Government Accountability Office with an abstract that begins "A safe, efficient, and convenient transportation system is integral to the health of our economy and quality of life. Our nation's vast transportation system of airways, railways, roads, pipelines, transit, and waterways has served this need, yet it is under considerable strain from (1) increasing congestion, (2) the large costs to maintain and improve it, and (3) the human cost of over 44,000 people killed and over 2.5 million injured each year in transportation-related accidents. The Department of Transportation implements national transportation policy and administers most federal transportation programs. For fiscal year 2008, the department has requested $67 billion to carry out these and other activities. While the department carries out some activities directly, such as employing about 15,000 air traffic controllers to make certain that planes stay a safe distance apart, it does not have direct control over the vast majority of activities that it funds, such as local decisions on the priority and placement of airports, public transit, and roads. In other cases, such as railways and pipelines, the infrastructure is owned and operated by industry. This statement presents GAO's views on major transportation challenges facing …
Date: March 6, 2007
Creator: United States. Government Accountability Office.
Object Type: Text
System: The UNT Digital Library
Aviation Safety: FAA Needs to Update Curriculum and Certification Requirements for Aviation Mechanics (open access)

Aviation Safety: FAA Needs to Update Curriculum and Certification Requirements for Aviation Mechanics

A letter report issued by the General Accounting Office with an abstract that begins "The safety of millions of airline passengers depends in part on aviation mechanics--known as A&P mechanics--that are certified to inspect, service, and repair the aircraft's body (airframe) and/or engine (powerplant). The Federal Aviation Administration (FAA) establishes the requirements to become certified as an A&P mechanic. Concerns have been raised in the aviation industry about having a sufficient number of A&P mechanics over the long term. GAO was asked to determine how many aircraft mechanics and service technicians the Bureau of Labor Statistics (BLS) projects will be employed in 2010, and the reasonableness of that projection; the sources that supply and train A&P mechanics and the likelihood that they will provide a sufficient number through 2010; and what is being done by FAA and the aviation industry to ensure that the skills of A&P mechanics are sufficient to work on technologically advanced aircraft?"
Date: March 6, 2003
Creator: United States. General Accounting Office.
Object Type: Report
System: The UNT Digital Library
Passenger Vehicle Fuel Economy: Preliminary Observations on Corporate Average Fuel Economy Standards (open access)

Passenger Vehicle Fuel Economy: Preliminary Observations on Corporate Average Fuel Economy Standards

Testimony issued by the Government Accountability Office with an abstract that begins "Concerns over national security, environmental stresses, and economic pressures from increased fuel prices have led to the nation's interest in reducing oil consumption. Efforts to reduce oil consumption will need to include the transportation sector. For example, several Members of Congress have introduced bills proposing changes to the corporate average fuel economy (CAFE) program. This program includes mile per gallon standards for light trucks and cars that manufacturers must meet for vehicles sold in this country. This testimony is based on ongoing work for this committee. This testimony describes (1) recent and proposed changes to CAFE standards; (2) observations about the recent changes, the existing CAFE program, and NHTSA's (National Highway Traffic Safety Administration) capabilities to further restructure CAFE standards; and (3) initial observations about how the CAFE program fits in the context of other approaches to reduce oil consumption. To address these issues, we reviewed program legislation, rule makings, and operational documents. Also, we interviewed officials from NHTSA, the Department of Energy, Environmental Protection Agency, the auto industry, labor unions, and the insurance industry. Finally, we contacted several recognized experts in fuel economy and safety. Our report …
Date: March 6, 2007
Creator: United States. Government Accountability Office.
Object Type: Text
System: The UNT Digital Library
Defense Acquisitions: Air Force Decision to Include a Passenger and Cargo Capability in Its Replacement Refueling Aircraft Was Made without Required Analyses (open access)

Defense Acquisitions: Air Force Decision to Include a Passenger and Cargo Capability in Its Replacement Refueling Aircraft Was Made without Required Analyses

Correspondence issued by the Government Accountability Office with an abstract that begins "The United States Air Force has described aerial refueling as a key capability supporting the National Security Strategy and military warfighters on a daily basis. Currently, the Air Force uses two aircraft for aerial refueling: the KC-135 and the KC-10. While the KC-10 fleet has an average age greater than 20 years, the KC-135 fleet averages more than 46 years and is the oldest combat weapon system in the Air Force inventory. Consequently, the Air Force intends to replace or recapitalize the KC-135 first. The Air Force began its KC-135 recapitalization efforts in fiscal year 2004, and officials presented a KC-135 recapitalization program to joint military decision makers in November 2006. This program proposed the inclusion of a passenger and cargo capability, which exists to some extent in the current aircraft, in the replacement air refueling aircraft. According to Air Force officials, the recapitalization process may cost between $72 billion and $120 billion and will span decades. This recapitalization takes place at a time when the Air Force faces fiscal constraints over the next few years, forcing officials to reconfigure the service's short- and long-term priorities in its …
Date: March 6, 2007
Creator: United States. Government Accountability Office.
Object Type: Text
System: The UNT Digital Library
Unauthorized Hair Samples Submitted for Analysis (open access)

Unauthorized Hair Samples Submitted for Analysis

Correspondence issued by the General Accounting Office with an abstract that begins "The National Interagency Canada Lynx Survey (Protocol) was designed to determine the presence of Canada lynx through deoxyribonucleic acid (DNA) analysis of hair samples recovered from scratch pads in forests in the northern United States. Beginning in January 2002, GAO investigated the submission of unauthorized samples to the University of Montana's laboratory as part of the National Survey and investigated whether the biologists involved had communications about their submissions. GAO found were four instances in which unauthorized hair samples, not obtained from the Wenatchee and Gifford Pinchot National Forests, were submitted for DNA testing as part of the National Survey for those forests. These included one submission on bobcat hair in 1999, and three submissions of lynx hair in September and October 2000. The biologists maintain that they submitted these samples to test the accuracy of the work done by the laboratory, although they knew that the Protocol for the National Survey did not provide for such action. They also said that they did not have the authority to make these submissions and that they were aware that they had alternatives for testing the laboratory other than submitting …
Date: March 6, 2002
Creator: United States. General Accounting Office.
Object Type: Text
System: The UNT Digital Library
Ryan White CARE Act: Estimated Effect of Proposed Stop-Loss Provision on Urban Areas (open access)

Ryan White CARE Act: Estimated Effect of Proposed Stop-Loss Provision on Urban Areas

Correspondence issued by the Government Accountability Office with an abstract that begins "Congress asked GAO to estimate the effect on Ryan White Comprehensive AIDS Resources Emergency Act of 1990 (CARE Act) funding to urban areas if certain stop-loss provisions are enacted. The CARE Act, administered by the Department of Health and Human Services's (HHS) Health Resources and Services Administration (HRSA), was enacted to address the needs of jurisdictions, health care providers, and people with human immunodeficiency virus/acquired immunodeficiency syndrome (HIV/AIDS). In December 2006, the Ryan White HIV/AIDS Treatment Modernization Act of 2006 (Modernization Act of 2006) reauthorized CARE Act programs for fiscal years 2007 through 2009. In February 2009, the House of Representatives passed H.R. 1105, the Omnibus Appropriations Act, 2009, which contains a stop-loss provision covering CARE Act funding for urban areas that receive funding under the CARE Act. This bill has not been passed by the Senate."
Date: March 6, 2009
Creator: United States. Government Accountability Office.
Object Type: Text
System: The UNT Digital Library
Tax Administration: Federal Payment Levy Program Measures, Performance, and Equity Can Be Improved (open access)

Tax Administration: Federal Payment Levy Program Measures, Performance, and Equity Can Be Improved

A letter report issued by the General Accounting Office with an abstract that begins "According to the Internal Revenue Service (IRS), taxpayers currently owe about $249 billion in delinquent taxes. At the same time, the government pays billions of dollars in Social Security, retirement, and other federal payments to thousands of these individuals. To help IRS administer tax laws fairly and collect delinquent taxes effectively, Congress included a provision authorizing the Federal Payment Levy Program, which allows IRS to continuously levy up to 15 percent of certain federal payments made to delinquent taxpayers. Because of congressional interest about whether the Federal Payment Levy Program is being implemented as intended, GAO was asked to assess how well the program is operating."
Date: March 6, 2003
Creator: United States. General Accounting Office.
Object Type: Report
System: The UNT Digital Library
Medicare Spending: Preliminary Findings Regarding an Approach Focusing on Physician Practice Patterns to Foster Program Efficiency (open access)

Medicare Spending: Preliminary Findings Regarding an Approach Focusing on Physician Practice Patterns to Foster Program Efficiency

Testimony issued by the Government Accountability Office with an abstract that begins "Medicare's current system of spending targets used to moderate spending growth for physician services and annually update physician fees is problematic. This spending target system--called the sustainable growth rate (SGR) system--adjusts physician fees based on the extent to which actual spending aligns with specified targets. In recent years, because spending has exceeded the targets, the system has called for fee cuts. Since 2003, the cuts have been averted through administrative or legislative action, thus postponing the budgetary consequences of excess spending. Under these circumstances, policymakers are seeking reforms that can help moderate spending growth while ensuring that beneficiaries have appropriate access to care. For today's hearing, the Subcommittee on Health, House Committee on Energy and Commerce, which is exploring options for improving how Medicare pays physicians, asked GAO to share the preliminary results of its ongoing study related to this topic. GAO's statement addresses (1) approaches taken by other health care purchasers to address physicians' inefficient practice patterns, (2) GAO's efforts to estimate the prevalence of inefficient physicians in Medicare, and (3) the methodological tools available to identify inefficient practice patterns programwide. GAO ensured the reliability of the …
Date: March 6, 2007
Creator: United States. Government Accountability Office.
Object Type: Text
System: The UNT Digital Library
Hospital Quality Data: Issues and Challenges Related to How Hospitals Submit Data and How CMS Ensures Data Reliability (open access)

Hospital Quality Data: Issues and Challenges Related to How Hospitals Submit Data and How CMS Ensures Data Reliability

Testimony issued by the Government Accountability Office with an abstract that begins "Hospitals submit data on a series of quality measures to the Centers for Medicare & Medicaid Services (CMS) and receive scores on their performance. CMS instituted the Reporting Hospital Quality Data for Annual Payment Update Program (APU program) to collect the quality data from hospitals and report their rates on the measures on its Hospital Compare Web site. For hospital quality data to be useful to patients and other users, they need to be reliable, that is, accurate and complete. The Deficit Reduction Act of 2005 directed CMS to implement a value-based purchasing program for Medicare that beginning in fiscal year 2009 would adjust payments to hospitals based on factors related to the quality of care they provide. This statement provides information on (1) how hospitals collect and submit quality data to CMS and (2) how CMS works to ensure the reliability of the quality data submitted. This statement is based primarily on Hospital Quality Data: HHS Should Specify Steps and Time Frame for Using Information Technology to Collect and Submit Data (GAO-07-320, Apr. 25, 2007) and Hospital Quality Data: CMS Needs More Rigorous Methods to Ensure Reliability …
Date: March 6, 2008
Creator: United States. Government Accountability Office.
Object Type: Text
System: The UNT Digital Library
Human Capital: Federal Workforce Challenges in the 21st Century (open access)

Human Capital: Federal Workforce Challenges in the 21st Century

Testimony issued by the Government Accountability Office with an abstract that begins "The federal government is facing new and more complex challenges in the 21st century because of long-term fiscal constraints, changing demographics, evolving governance models, and other factors. Strategic human capital management, which remains on GAO's high-risk list, must be the centerpiece of any serious change management and transformation effort to meet these challenges. However, federal agencies do not consistently have the modern, effective, economical, and efficient human capital programs, policies, and procedures needed to succeed in their transformation efforts. In addition, the Office of Personnel Management (OPM) must have the capacity to successfully guide human capital transformations. This testimony, based on a large body of GAO work over many years, focuses on strategic human capital management challenges that many federal agencies continue to face."
Date: March 6, 2007
Creator: United States. Government Accountability Office.
Object Type: Text
System: The UNT Digital Library
Defense Infrastructure: Personnel Reductions Have Not Hampered Most Commissaries' Store Operations and Customer Service (open access)

Defense Infrastructure: Personnel Reductions Have Not Hampered Most Commissaries' Store Operations and Customer Service

A letter report issued by the General Accounting Office with an abstract that begins "In response to concerns about the impact of proposed cuts in the Defense Commissary Agency's workforce, the House Armed Services Committee placed in its report on the Bob Stump National Defense Authorization Act for Fiscal Year 2003 a requirement that we evaluate the effect of the personnel reductions. Specifically, we assessed (1) the status of personnel reductions and how they have affected store operations and customer service, and (2) whether the agency uses a reliable methodology to measure customer satisfaction with its commissaries."
Date: March 6, 2003
Creator: United States. General Accounting Office.
Object Type: Report
System: The UNT Digital Library
Housing Government-Sponsored Enterprises: A Single Regulator Will Better Ensure Safety and Soundness and Mission Achievement (open access)

Housing Government-Sponsored Enterprises: A Single Regulator Will Better Ensure Safety and Soundness and Mission Achievement

Testimony issued by the Government Accountability Office with an abstract that begins "The housing government-sponsored enterprises (GSEs)--Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System (FHLBank System), play a critical role in the nation's housing finance system. However, concerns exist that the fragmented federal oversight structure for the GSEs is not well positioned to help ensure that they operate in a safe and sound manner and fulfill their housing missions. This testimony provides information on the GSEs' missions and risks, the current regulatory structure, and proposed regulatory reforms. To prepare this testimony, GAO relied on a substantial body of previous work and updated its analysis in light of recent events."
Date: March 6, 2008
Creator: United States. Government Accountability Office.
Object Type: Text
System: The UNT Digital Library
DOD Financial Management: Integrated Approach, Accountability, Transparency, and Incentives Are Keys to Effective Reform (open access)

DOD Financial Management: Integrated Approach, Accountability, Transparency, and Incentives Are Keys to Effective Reform

Testimony issued by the General Accounting Office with an abstract that begins "Financial management problems at the Department of Defense (DOD) are complex, long-standing, and deeply rooted throughout its business operations. DOD's financial management deficiencies represent the single largest obstacle to achieving an unqualified opinion on the U.S. government's consolidated financial statements. So far, none of the military services or major DOD components have passed the test of an independent financial audit because of pervasive weaknesses in financial management systems, operations, and controls. These problems go back decades, and earlier attempts at reform have been unsuccessful. DOD continues to rely on a far-flung, complex network of finance, logistics, personnel, acquisition, and other management information systems for financial data to support day-to-day management and decision-making. This network has evolved into an overly complex and error-prone operation with (1) little standardization across DOD components, (2) multiple systems performing the same tasks, (3) the same data stored in multiple systems, (4) manual data entry into multiple systems, and (5) a large number of data translations and interfaces, which combine to exacerbate problems with data integrity. Many of the elements that are crucial to financial management reform and business process transformation--particularly those that rely …
Date: March 6, 2002
Creator: United States. General Accounting Office.
Object Type: Text
System: The UNT Digital Library
Competitive Sourcing: Challenges in Expanding A-76 Governmentwide (open access)

Competitive Sourcing: Challenges in Expanding A-76 Governmentwide

Testimony issued by the General Accounting Office with an abstract that begins "The Department of Defense (DOD) has been at the forefront of federal agencies in using the OMB Circular A-76 process. In 1995, DOD made it a priority to reduce operating costs and free funds for other needs. DOD has also augmented the A-76 program with what it terms strategic sourcing--a broader array of reinvention and reengineering options that may not necessarily involve A-76 competitions. The number of positions--at one point 229,000--that DOD planned to study and the time frames for the studies have varied. Current plans are to study about 183,000 positions between fiscal years 1997 and 2007. Changes in the inventory of commercial activities and the current administration's sourcing initiatives could change the number of positions studied in the future. However, GAO has not evaluated the extent to which these changes might occur. DOD's A-76 program has faced several challenges that may provide valuable lessons learned for other federal agencies. These lessons include the following: (1) studies took longer than initially projected, (2) costs and resources required for the studies were underestimated, (3) selecting and grouping functions to compete can be difficult, and (4) determining and maintaining …
Date: March 6, 2002
Creator: United States. General Accounting Office.
Object Type: Text
System: The UNT Digital Library
Homelessness: Improving Program Coordination and Client Access to Programs (open access)

Homelessness: Improving Program Coordination and Client Access to Programs

Testimony issued by the General Accounting Office with an abstract that begins "Many people are homeless for only a short time and get back on their feet with minimal assistance, but others are chronically homeless and need intensive and ongoing assistance. Fifty federal programs exist to help the homeless with housing. Sixteen of these are targeted exclusively to the homeless, and the others are mainstream programs. Targeted programs were funded at $1.7 billion in fiscal year 2001. GAO found that the Department of Housing and Urban Development (HUD) has been unable to ensure that adequate coordination occurs among the programs without creating undue administrative burdens for the states and communities. Steps have been taken to improve the coordination of homeless assistance programs within communities and to reduce some of the administrative burdens caused by separate programs. Although low-income populations face barriers to obtaining services provided by mainstream programs, these barriers are compounded by homelessness. In addition, the underlying structure and operations of federal mainstream programs do not ensure that the special needs of homeless people are met. Consolidating HUD's McKinney-Vento programs could help reduce the administrative burden. However, to end chronic homelessness in 10 years, federal agencies must strive to …
Date: March 6, 2002
Creator: United States. General Accounting Office.
Object Type: Text
System: The UNT Digital Library
Information Security: Additional Actions Needed to Fully Implement Reform Legislation (open access)

Information Security: Additional Actions Needed to Fully Implement Reform Legislation

Testimony issued by the General Accounting Office with an abstract that begins "Provisions in the National Defense Authorization Act for Fiscal Year 2001 seek to minimize pervasive information security weaknesses that place federal operations at significant risk of disruption, tampering, fraud, and inappropriate disclosure of sensitive information. Increases in computer interconnectivity, especially in the use of the Internet, pose significant risks to computer systems and to the critical operations and infrastructures they support, such as telecommunications, power distribution, public health, national defense, law enforcement, and emergency services. Although federal agencies have taken steps to redesign and strengthen their information security programs, federal systems are not being adequately protected from computer-based threats, even though these systems process, store, and transmit enormous amounts of sensitive data and are indispensable to many federal agency operations."
Date: March 6, 2002
Creator: United States. General Accounting Office.
Object Type: Text
System: The UNT Digital Library
Financial Services Regulators: Better Information Sharing Could Reduce Fraud (open access)

Financial Services Regulators: Better Information Sharing Could Reduce Fraud

Testimony issued by the General Accounting Office with an abstract that begins "The sharing of regulatory and criminal history data among financial services regulators can reduce fraudulent activities. GAO recently reported on several instances in which unscrupulous brokers moved from one financial industry to another. This testimony focuses on (1) systems used by financial regulators for tracking regulatory history data, (2) regulatory history data needed to help prevent rogue migration and limit fraud, (3) criminal history data needs among financial regulators, and (4) challenges and considerations for implementing an information-sharing system among financial regulators."
Date: March 6, 2001
Creator: United States. General Accounting Office.
Object Type: Text
System: The UNT Digital Library
Private Pensions: Increased Reliance on 401(k) Plans Calls for Better Information on Fees (open access)

Private Pensions: Increased Reliance on 401(k) Plans Calls for Better Information on Fees

Testimony issued by the Government Accountability Office with an abstract that begins "Over the past two decades there has been a noticeable shift in the types of plans employers are offering employees. Employers are increasingly moving away from traditional defined benefit plans to what has become the most dominant and fastest growing type of defined contribution plan, the 401(k). As more workers participate in 401(k) plans, they bear more of the responsibility for funding their retirement. Given the choices facing participants, specific information about the plan and plan options becomes more relevant than under defined benefit plans because participants are responsible for ensuring that they have adequate income at retirement. While information on historical performance and investment risk for each plan option are important for participants to understand, so too is information on fees because fees can significantly decrease participants' retirement savings over the course of a career. As a result of employees bearing more responsibility for funding their retirement under 401(k) plans, Congress asked us to talk about the prevalence of 401(k) plans today and to summarize our recent work on providing better information to 401(k) participants and the Department of Labor (Labor) on fees. GAO's remarks today will …
Date: March 6, 2007
Creator: United States. Government Accountability Office.
Object Type: Text
System: The UNT Digital Library