Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Bates & Company, Inc.
|
Regional Vice President of Sales The Retirement Plan Company
|
Compass
|
AimPoint Pension
|
Loan & Distribution Specialist AimPoint Pension
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Text of PBGC Inspector General Report: PBGC Can Improve Effectiveness of the Missing Participants Program (PDF)
Office of Inspector General [OIG], Pension Benefit Guaranty Corporation [PBGC] Jan. 11, 2022 26 pages, Jan. 7, 2022. "[OIG] found that while PBGC has had success locating missing participants, the program is not as effective as it could be.... Currently, the program [1] does not have performance measures, [2] uses unreliable data management practices, and [3] MPP procedures do not reflect the actual business practices used in program administration. Without performance measures, identifying outliers in performance is difficult, and not having sound data management practices has led to a lack of quantitative data available for program evaluation. Further, the lack of [missing participant] procedures reflecting actual business practices may lead to ineffective implementation of the program and hinder continuity of operations." |
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |