CGS Administrators, LLC, Overstated Its CIGNA Pension Plan Medicare Segment Pension Assets and Understated Medicare's Share of Excess Pension Liabilities  

CGS Administrators, LLC (CGS), overstated the Medicare segment pension assets by $1.3 million as of May 31, 2011. In addition, CGS understated Medicare's share of the Medicare segment excess pension liabilities by $748,000 as of May 31, 2011, as a result of the Medicare segment closing.