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PBGC OIG Report: Special Financial Assistance Program’s Policies and Procedures for the Annual Statement of Compliance Need Improvement (PDF)
Office of Inspector General [OIG], Pension Benefit Guaranty Corporation [PBGC] 
Mar. 31, 2025 "PBGC's approach to reconciling SFA funds could be more comprehensive to reduce the risk of misallocation and delays in identifying issues. The current review procedures also lack specific guidelines and thresholds for identifying significant variances, which might result in potential problems going unnoticed.... PBGC's procedures for monitoring the Reinstatement of Benefits under the American Rescue Plan (ARP) Act could benefit from clearer communication between PBGC, the [DOL], and the Treasury.... [PBGC] agreed with the recommendations and plans to complete all actions by September 30, 2025." MORE >> |
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