Complete Text of Report is available in PDF format
(897 KB). Copies can also be obtained by contacting the Office of Public Affairs
at 202-619-1343.Complete Text of Report is available in PDF format
(897 KB). Copies can also be obtained by contacting the Office of Public Affairs
at 202-619-1343.EXECUTIVE SUMMARY:
This final report provides the results of our review of Unfunded Pension Costs of Community Mutual Insurance Company (Community Mutual) for Plan Years 1986 through 1995. Contributions were not made to the pension trust fund for Plan Year 1988. Accordingly, Community Mutual did not fund the pension costs identifiable with its Medicare segment during this period. As a result, Community Mutual accumulated unfunded pension costs of $571,413 as of January 1, 1996. Community Mutual must separately identify and eliminate this amount from the amortization components of future pension costs.
