Administration
OIG Special Report: Pending GAO Opinion on PBGC’s Final Rule that Adopted a Bifurcated Interest Rate for Certain SFA Applications (SR-2022-12), issued September 8, 2022
On September 8, 2022, the Office of Inspector General (OIG) issued the attached Risk Advisory to PBGC. This Advisory gave notice that, at OIG’s request, the Government Accountability Office (GAO) was reviewing a portion of PBGC’s Final Rule on Special Financial Assistance (SFA). We noted in the Risk Advisory that we postponed posting the Advisory in its entirety on our website pending GAO’s release of its opinion.
Although GAO is still deliberating on the OIG’s request, PBGC has begun approving both supplemented SFA applications and initial SFA applications under the Final Rule. As a result, we are now releasing our full Risk Advisory.
On December 8, 2022, PBGC provided a response to our Risk Advisory. It is included in the full report.
