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GAO Report: Clarity of Required Reports and Disclosures to Pension Plan Participants Could Be Improved
U.S. Government Accountability Office [GAO]
Dec. 17, 2013
88 pages. "In this report, GAO examined [1] the reports and disclosures pension plans are required to make to government agencies and plan participants; [2] the ways, if any, reports to agencies may be inefficient or ineffective, and [3] the ways, if any, disclosures to participants may be inefficient or ineffective.... GAO asks Congress to consider shifting responsibility and necessary resources to Labor for managing the pension benefit data that SSA provides to retirees. GAO also recommends that the agencies improve their online tools on reporting requirements and facilitate better readability of disclosures." [GAO-14-92, published Nov. 21, 2013, released Dec. 17, 2013]
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