Administration
Audit of PBGC’s Fiscal Year 2015 Compliance with Improper Payments Information Act Requirements (AUD-2016-09/PA-16-109), issued: May 13, 2016
As required by the IPIA, as amended, we reviewed PBGC's compliance with IPIA’s requirements. The Corporation has taken action to comply with all applicable requirements established in OMB Circular A-123, Appendix C. We concur with PBGC's assessment that payments to Benefit Payments and Premium Refunds were not susceptible to significant improper payments. In addition, we found areas of opportunity for PBGC to improve their payment recapture audit program.
