At the request of the U.S. Office of Personnel Management (OPM) Office of Inspector General, we performed procedures agreed upon by the OPM’s Inspector General and the Chief Financial Officer. This attestation engagement is an annual requirement of the U.S. Office of Management and Budget.
Our objective was to assist the OPM in assessing the reasonableness of Postal Service employee retirement, health benefits and life insurance withholdings; Postal Service benefit contributions; and enrollment information submitted via the headcount report.
This report is not suitable for any other purpose.
What the OIG Found
We performed the procedures agreed upon by the OPM’s Inspector General and the Chief Financial Officer to assist the OPM in assessing the reasonableness of retirement, health benefits and life insurance withholdings; Postal Service benefit contributions; and enrollment information submitted via the headcount report.
We identified issues related to health benefit subscription rates, life insurance elections, military deposit reporting, and life insurance reporting. Specifically:
- We could not verify health benefit employee withholdings and agency contributions to the official subscription rates issued by OPM for one of 25 employees reviewed.
- We could not verify life insurance elections for one of 25 employees reviewed.
- The Postal Service did not separately report “Federal Employee Retirement System Revised Annuity Employee” and “Further Revised Annuity Employee” military deposits on the September 2017 headcount report.
- The difference between U.S. Postal Service OIG recalculated withholdings for Options B and C life insurance and withholdings reported by the Postal Service for selected pay periods exceeded the OPM’s reportable threshold.
As a result of our engagement, the Postal Service took corrective action on two of the four findings identified in this report: Life Insurance Election Form and Military Deposits. The Health Benefits Subscription Rate finding is a result of an OPM omission. The Optional Life Insurance Withholdings finding is a result of methodology differences recognized by the OPM. Neither of these findings require Postal Service corrective action.
We were not engaged to perform, and did not perform, an examination or review, the objective of which would have been the expression of an opinion or conclusion, respectively, on the withholdings and contributions for health benefits, life insurance, and retirement; enrollment information. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, we might have found other matters that we would have reported.
What the OIG Recommended
This report is provided for information only and we offered no recommendations. Accordingly, no management action is required.