Text of Recommendation | We recommend that USSS establish new, or improve existing, policies, procedures, and related internal controls over the valuation of its pension liability to ensure: a. adequate understanding of the pension estimate; b. oversight of assumptions used in significant estimates is maintained and the validity of those assumptions is routinely evaluated; c. the annual pension checklist developed by USSS is completed; and d. the underlying census data is reviewed at least annually.
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Recommendation Number | 15 |
Recommendation Status | Open |
Significant Recommendation | No |
Submitting OIG | |
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Linked Report |