Reports
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Pension Benefit Guaranty Corporation OIG
Projected Benefit Payments in Selected Special Financial Assistance (SFA) Applications
Mississippi Office of the State Auditor
Mississippi’s Historic Unemployment Fraud
The Mississippi Department of Employment Security (MDES) administers Mississippi’s unemployment benefits programs. With the influx of jobless claims and COVID relief aid as a result of the pandemic, total unemployment benefit claims increased from $59.6 million in FY 2019 to $2.1 billion in FY 2020. With this infusion of money came massive fraud and misspending. For example, from FY 2020 to FY 2021, known overpayments increased from $118 million to $474 million. The massive loss of money from Mississippi’s unemployment fund is partially the result of MDES bypassing or altering their own...
Pension Benefit Guaranty Corporation OIG
Audit of PBGC’s Review of Initial Special Financial Assistance Applications
Pension Benefit Guaranty Corporation OIG
White Paper: Searching Plan Records for Deceased Participants
Pension Benefit Guaranty Corporation OIG
PBGC Should Improve Its Special Financial Assistance Review Procedures
Mississippi Office of the State Auditor
Single Audit for Year Ending June 30, 2021
This Single Audit identifies federal funds spent by state agencies from July 1, 2020, to June 30, 2021. During this time, many state agencies were drawing down federal stimulus dollars from the Coronavirus Relief Fund. In this audit millions of questioned costs were discovered. Notable findings include that the Mississippi Department of Employment Security saw a 301 percent increase in known overpayments from the previous year and made at least $473 million in improper or fraudulent unemployment payments this year. This included unemployment payments to prisoners and people outside of...
Pension Benefit Guaranty Corporation OIG
Pending GAO Opinion on PBGC’s Final Rule that Adopted a Bifurcated Interest Rate for Certain SFA Applications
Pension Benefit Guaranty Corporation OIG
Risk Assessment of PBGC’s Implementation of Special Financial Assistance
Virginia Auditor of Public Accounts
Virginia Employment Commission: Report on Audit for Year Ended June 30, 2021
During our audit, we identified internal control and compliance findings that we believe are either directly, or indirectly, related to a lack of resources available for processing and adjudicating unemployment claims with the onset of the COVID-19 public health emergency. To address the rapid rise in unemployment, the federal government provided additional federal funding to states and implemented several new unemployment-related benefits. The Commission struggled to adapt to these changes due to a lack of both staffing and technology resources. As a result, the Commission was not able to...