Report File
Date Issued
Submitting OIG
U.S. Postal Service OIG
Other Participating OIGs
U.S. Postal Service OIG
Agencies Reviewed/Investigated
U.S. Postal Service
Report Number
FT-AR-19-003
Report Description
Returns on Postal Service retirement investments have declined in recent years. More importantly, Postal Service retirement investments offer only limited protection against higher inflation. Unlike fixed-rate Treasury securities, however, Treasury Inflation-Protected Securities (TIPS) investments increase in step with inflation, thereby countering the effects of higher inflation on underfunded liabilities. Our objective was to determine the impact of investing Postal Service retirement fund assets in TIPS.
Report Type
Audit
Agency Wide
Yes
Number of Recommendations
2
Questioned Costs
$0
Funds for Better Use
$0
