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OIG Report: PBGC Should Exclude Deceased Terminated Vested Participants from Special Financial Assistance Calculations (PDF)
Office of Inspector General [OIG], Pension Benefit Guaranty Corporation [PBGC] 
Mar. 24, 2023 40 pages. "PBGC approved SFA applications that may have included deceased participants in the terminated vested populations, resulting in an overpayment of SFA funds. PBGC did not consider available information, such as results of a death audit performed by the Multiemployer Program Division, in its review of applications.... [OIG estimates] approximately $6 million in possible improper payments for four of the five plans reviewed." [Report No. EVAL-2023-05] MORE >> |
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