Pension Benefit Guaranty Corporation

During the financial statement audit, we assessed the PBGC information security infrastructure for technical weaknesses in PBGC’s computer systems that may allow employees or outsiders to cause harm to, and/or impact, PBGC’s business processes and information. PBGC made improvements to its...

This narrative report is a follow-up to our FY 2016 Federal Information Security Modernization Act (FISMA) Submission to the Office of Management and Budget (LTR 2017-04/FA-16-110-3) to provide findings and recommendations related to PBGC's information security program.We contracted with...

As required by the Improper Payments Information Act (IPIA) of 2002, as amended, we reviewed PBGC's compliance with improper payment requirements. For this fiscal year, PBGC assessed Payments to Contractors and Multiemployer Financial Assistance Payments and determined the payment streams were not...

The Office of Inspector General issued the 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, 2016 and 2015 finding:The financial statements were...

The Office of Inspector General issued an audit of the internal controls over financial operations for the Single-Employer and Multiemployer Program Funds administered by the Pension Benefit Guaranty Corporation (PBGC).This report provides a more detailed discussion of the specifics underlying the...

We contracted with CliftonLarsonAllen LLP, an independent public accounting firm, to perform an evaluation of PBGC’s information security program as required by the Federal Information Security Modernization Act (FISMA). In Fiscal Year 2016, PBGC made progress improving its information security...

The Office of Inspector General issued the audit of PBGC's Financial Statement Closing Package for Fiscal Year 2016 and 2015.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...

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

We found that MEPD adequately ensured that financial assistance recurring administrative expenses were reasonable, necessary, and adequately supported. For the nine plans we reviewed, MEPD auditors properly assessed multiemployer plans’ administrative expenses and processed recurring financial...