Pension Benefit Guaranty Corporation OIG

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...

We found that PBGC premium exemption determinations can be improved with additional supporting documentation. For the 19 plans we reviewed, 13 of the exemptions lacked documentation supporting the plan’s basis for exemption. We further found that team leaders did not always review coverage...