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Audit of The Appropriateness of California Pension Charges To The Federal Government for State Employees for Fiscal Year Ended June 30, 2003

Issued on  | Posted on  | Report number: A-09-04-00037

Report Materials

EXECUTIVE SUMMARY:

California appropriately charged the Federal Government for the pension expenses of State employees working on Federal programs, in accordance with the Office of Management and Budget (OMB) Circular A-87.  Specifically, for fiscal year ended June 30, 2003, the State's retirement fund contribution rates were based on actuarial projections that complied with Federal regulations, and the appropriate contribution amounts were claimed for Federal reimbursement.


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