Audit Reports

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Actuarial Estimates for Coast Guard Retired Pay and Medical Benefits

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This report provides the results of a study of the actuarial model the U.S. Coast Guard uses to estimate its liabilities for retired pay and medical benefits. The Hay Group, which conducted the study, concluded the methodology used to calculate the liabilities and annual actuarial activity were reasonable and reliable. The study was conducted by the Hay Group as part of our audit of the Department’s FY 2001 consolidated financial statements.