Administration
PBGC Can Improve the Effectiveness of the ERM Program (EVAL-2021-07), issued March 1, 2021
We found PBGC has made substantial progress in implementing its ERM program. However, we also found PBGC lacks a properly documented succession plan for the RMO position, which may hinder proper succession and continuity of operations, and formalized training for those directly involved with the ERM program, which may cause inconsistencies in knowledge bases across PBGC. Finally, we noted PBGC uses an outdated directive that does not capture the current ERM guidance covered in OMB Circular A-123, which may lead to ineffective guidance for remediating risks.
