Text of Recommendation | We recommend that the Bureau of the Actuary and Research implement the recommendation of the actuarial auditor and utilize a 7 percent long term present value assumption to strengthen the accuracy of the RRB’s social insurance program valuation and reporting.
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Recommendation Number | 20-02, 1 |
Recommendation Status | Closed |
Significant Recommendation | No |
Recommendation Questioned Costs | $0 |
Recommendation Funds for Better Use | $0 |
Additional Information | Management does not concur with this recommendation. This recommendation remains open because the Office of Inspector General for the Railroad Retirement Board continues to see the need for the recommended corrective action. |
Submitting OIG | |
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Linked Report |