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DOL Inspector General Says More Oversight Needed for Lump Sum Cash Balance Plan Distributions (PDF)
Office of Inspector General [OIG], U.S. Department of Labor [DOL] 
Apr. 24, 2002 Report dated March 29, 2002; 29 pages. Excerpt: We audited the conversion and distribution processes in 60 converted cash balance plans to determine if PWBA needed to increase enforcement efforts.... [I]n 13 of those 60 plans, we found that workers who left employment before normal retirement age did not receive all the accrued benefits to which they were legally entitled ... MORE >> |
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