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Friday, September 23, 2011

Payments To Deceased Annuitants Averages $120 Million A Year

The Office of Personnel Management has paid more than $600 million to dead annuitants in the last five years, according to a new report from OPM's Inspector General. The IG said efforts to stop improper payments to the Civil Service Retirement and Disability Fund have not worked. The payments to deceased annuitants averages $120 million a year. OPM has taken a number of steps to address the problem, including an annual computer match against the Social Security Administration's death records. And the IG said major action has been taken on 10 of it's 14 recommendations. Areas where OPM can make improvements include tracking undeliverable IRS forms and investing in retirement systems modernization technology.

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