Contractor Pension Plan Costs: More Control Could Save Department of Defense Millions
Abstract
The Government incurred pension plan costs that were inequitable and too high because it permitted questionable actuarial assumptions or unjustified changes in actuarial cost methods. Government controls and surveillance over contractors' pension plan practices were not adequate considering the costs involved. Establishing effective controls and surveillance over these practices could save the Government millions of dollars. Properly implementing the existing requirements of the Cost Accounting Standards Board and the proposed standard on pension plan costs should prevent the increased costs.
Document Details
- Document Type
- Technical Report
- Publication Date
- May 19, 1977
- Accession Number
- AD1170272
Entities
People
- Elmer B. Staats
Organizations
- United States Government Accountability Office