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OIG Management Alert to PBGC: Deceased Participants in the Central States' FSA Calculation (PDF)
Office of Inspector General [OIG], Pension Benefit Guaranty Corporation [PBGC]
Nov. 3, 2023 16 pages. "[OIG] found 3,479 deceased participants in Central States' (Plan) SFA application because the [PBGC] did not ensure deceased participants were removed from the Plan's application.... Based on [OIG's] identification of deceased participants, Central States calculated the value attributed to deceased participants in the SFA application at approximately $127 million." |
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