Statutory Review of PBGC's Compliance with the Implementation of the Improper Payments Information Act (EVAL-2012-8/PA-11-85), issued March 15, 2012

As required by the Improper Payments Information Act (IPIA) (P.L. 107-300), as amended by the Improper Payments Elimination and Recovery Act (IPERA) (P.L. 111-204), the Pension Benefit Guaranty Corporation's (PBGC) Office of Inspector General (OIG) reviewed PBGC's compliance with IPIA requirements. We determined that PBGC has instituted a systematic method to review its programs and activities for improper payments and has generally complied with IPIA implementing requirements. While we concluded that PBGC was in general compliance with IPIA requirements, we identified a minor inconsistency in that PBGC reported the net amount of estimated improper payments rather than the gross amount, as required by OMB guidance.