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Projected Benefit Payments in Selected Special Financial Assistance (SFA) Applications

Inspection / Evaluation · Pension Benefit Guaranty Corporation OIG · 2024-09-26 · about Pension Benefit Guaranty Corporation

Report

Title
Projected Benefit Payments in Selected Special Financial Assistance (SFA) Applications
Submitting OIG
Pension Benefit Guaranty Corporation OIG
Component agency
Pension Benefit Guaranty Corporation
Type
Inspection / Evaluation
Publication date
2024-09-26

Recommendations (2)

#StatusText
2024-12-01ClosedFor plans applying for SFA after initiation of the full participant death audit (as agreed to with recommendation 2024-01-01), continue to implement the new death audit procedures prior to approving the applications. Implementing this recommendation…
2024-12-02ClosedFor plans paid SFA prior to implementation of the Corporation’s full death audit procedure, continue to implement the new death audit procedures, and rectify with the plans the value attributed to deceased participants to include repayment to Treasury…

Source

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