Text of Recommendation | We recommend that USSS establish new, or improve existing, policies, procedures, and related internal controls over the valuation of its pension liability to ensure: a) personnel adequately understand the pension estimate; b) management maintains oversight of assumptions used in significant estimates and routinely evaluates continued appropriateness of those assumptions; c) management completes the annual pension checklist; and d) management reviews the underlying census data at least annually.
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Recommendation Number | 5 |
Recommendation Status | Open |
Significant Recommendation | No |
Submitting OIG | |
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Linked Report |