Audit Reports

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Actuarial Estimates for Retired Pay and Medical Benefits

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This report provides the study results of the U.S. Coast Guard actuarial model for estimating liabilities for retired pay and medical benefits. The study was conducted by the Hay Group, under contract with OIG, as part of our audit of the Department of Transportation FY 2000 Consolidated Financial Statements. We found that the Coast Guard properly reported military retirement liabilities of $19.8 billion.