PBGC - Office of Inspector General

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Evaluation of Hotline Complaints Regarding a PBGC Contract (EVAL-2023-04), issued November 22, 2022

We received two hotline complaints that alleged fraud regarding a PBGC Contract. We evaluated whether the allegations contained in two hotline complaints have merit and the allegations warrant further management attention. We determined that the fraud allegations in the complaints were unsubstantiated. However, we identified a concern related to PBGC’s oversight of the labor-hour contracts that warrants management action. Specifically, we found a contracting officer’s representative (COR) approved invoices without verifying supporting documentation. As a result of the lack of adequate COR oversight, the labor hours charged to the two task orders and paid by PBGC may not be accurate.

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Pension Benefits Guarantee Corporation
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