• Governance— As part of our audit of PBGC’s implementation of its new investment policy, we performed work to address a whistleblower’s concerns about the former PBGC Director’s unusual and active participation in multiple contracting activities and his contacts with potential bidders.



• Stewardship— We issued 4 reports related to the annual financial statement audit, including the 16th consecutive unqualified opinion. We also reported three significant internal control deficiencies, and issued a detailed limited distribution internal control report. Our investigative results included recovery of $31,000 from a convicted murderer.



• PBGC's Business Model— At the request of U.S. Senator Herb Kohl, Chairman of the Senate Special Committee on Aging, we initiated a review of PBGC’s preparedness for a potential influx of pension plans.



• Information Technology — An investigation found that a contractor employee had used an unencrypted, un-password-protected flashdrive to store personally-identifiable information (PII) regarding PBGC participants. The contractor lost the flashdrive and failed to report the loss, all in violation of PBGC’s policy to protect PII.

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