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![handle is hein.gao/gaobaaxje0001 and id is 1 raw text is:
DOCOINu RI8083
06101 - (B15065351
[Review of RCA Retiroment Benefits Questioned by Terminated
Employee]. PSAD-78-116; 9-164292. Kay 26s 1978. 5 pp. *
enclosure (4 pp.) .
Report to Rep. Lou Pre, Jr. ; by Richard g. Gutmann* Direotozo
Procurement anid Systems Acquisition Div.
lIsue Area: Federal Procureme't ,f Goods and Services%
Reabonablenoes of Ericis Under Negotiated Contracts and
Sulcontracts (19O4).
Contact: Procurement and Syrtems Acquisition Div.
Budget Function: National Dsftinse: Depaxtmeat of Defense -
Procureenn- S Contrt,s (058).
organization Concerned: Department of Defense: Defense Contract
Idzinistration Services Region; RCA Corp.
congressional Relevance: House Committee on Armed Services. Rep.
Lou Proyt Jr.
Frank A. Aaron, t L,rainated employee, guestioned the
manrer irn uLich the BCA Corpo.*ation aeainistrsed and implemented
its employees' retirement plan. &A:on alleged that RCA committed
fraud by pocketing Government-reoib4krsed employer contributions
to the retirement fund and that emplo;es yore not recuiving
applicable benefits under the company's retirement plan. Aaron*
who vorked on Goverumont contracts during his entire RCA career*
complained that his own contributions* if left in the RCA plan
and compounded at 8% interest. voulu be sufficient to pay for
the deferred benefit of $270 per month which he would get if he
left his contributions in the plan. awouls claim against the
pension fund was in accordance with the ters of the plan
documents. The pension plan itself does not violate any
Governpent regulations and is operated it a manner similar to
most contributory* detined benefit peasion plans. The
allegations were unfoun4ed. (IRS)](ViewImageLocal?handle=hein.gao/gaobaaxje0001&div=1&collection=&method=preview&ext=.png&size=3)