Pension Benefit Guaranty Corporation

The financial statements and accompanying notes contained in the closing package were prepared for the purpose of complying with the requirements of the U.S. Department of the Treasury's Financial Manual (TFM) Volume I, Part 2, Chapter 4700 for the purpose of providing financial information to the U...

Audit of the financial statements of the Single-Employer and Multiemployer Program Funds administered by the Pension Benefit Guaranty Corporation (PBGC) as of and for the years ended September 30, 2018 and 2017

How does PBGC measure up in the area of IT security? This information-only report provides a summary and analysis of the Pension Benefit Guaranty Corporation's progress in remediating IT audit recommendations, as well as its FISMA performance in general and its FISMA performance in comparison to...

We found that the goal-sharing award program, however well-intended, has not resulted in a significant and sustained improvement in overall customer satisfaction. The program is not effectively designed to provide the desired impact on the agency’s mission—improved customer satisfaction. Although...

As required by the Improper Payments Information Act (IPIA) of 2002, as amended, we reviewed PBGC's compliance with improper payment requirements. For this FY, PBGC assessed Payments to Federal Employees and determined the payment streams were not susceptible to significant improper payments. We...

During the audit, our independent public accounting firm, CliftonLarsonAllen LLP, identified certain matters related to PBGC’s internal controls and operations that while significant are not of sufficient magnitude to impact the financial statement opinion and were not included in the report on...

We received hotline complaints detailing concerns related to Spectrum 4’s acquisition and performance. We initiated a limited scope review to determine the legitimacy and severity of these issues. We substantiated some of the issues, and they warrant management’s attention. Specifically, we found...

The Government Charge Card Abuse Prevention Act of 2012 (Public Law 112-194) requires Offices of Inspector General to, among other things, conduct periodic assessments of the government purchase card program to identify and analyze risks of illegal, improper, or erroneous purchases and payments...