About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

LOG IN
LOG IN


HRD-81-103 1 (1981-07-08)

handle is hein.gao/gaobabcfm0001 and id is 1 raw text is: /1~~ i/'~ RELEASED BY THE COMPTROLLER GENERAL Report To The Honorable Henry M. Jackson United States Senate OF THE UNITED STATES Assessment Of Pension Benefits For Contractors' Employees In Hanford, Washington Over the past several years, the Department of Energy, its operating contractors at its Hanford Project, and the Hanford Atomic Metal Trades Council have disagreed on whether a change from a single to a multiple contractor pro- gram has caused contractors' employees to lose pension benefits. GAO found that the Department's contrac- tual arrangements protect the accrued pension benefits and vesting rights of Hanford em- ployees transferring to successor contractors. Its analysis showed that successor contractors are giving employees pension vesting credit for their years of service at Hanford. Further- more, the employees' benefits are generally comparable to what they would have received had a single contractor remained at Hanford. Also, Hanford retirees' benefits are based on pension plans bargained for in the past. GAO concludes, however, that what level of pension benefits Hanford employees and re- tirees should receive and what types of pen- sion plans the employees should have are issues that the Hanford Atomic Metal Trades Coun- cil and the contractors must settle at the bar- gaining table. z 2 00 dCC(U4I 115915 HRD-81-103 JULY 8, 1981