Text of Recommendation | We recommend that OPM develop a long term strategy to accurately evaluate the FEDVIP loading received to ensure that it only collects enough in fees to cover the administrative costs anticipated by OPM. Additionally, OPM should consider the steps necessary to modify the public law to allow it to reduce the yearly FEDVIP loading to a level necessary to only collect those funds needed for its administration of the FEDVIP (if the public law is interfering in the process). |
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Recommendation Number | 6 |
Recommendation Status | Closed |
Significant Recommendation | Yes |
Recommendation Questioned Costs | $0 |
Recommendation Funds for Better Use | $0 |
Submitting OIG | |
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Linked Report |