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FGMSD-80-83 1 (1980-10-10)

handle is hein.gao/gaobabbcr0001 and id is 1 raw text is: 




BY THE COMPTROLLER GENERAL


/  /A/t
      fl


Report To The Congress

OF THE UNITED STATES


Cash Management Improvements

Will Save Federal Insurance And

Benefits Programs Millions Annually



The Office of Personnel Management and the
Department of the Treasury administer the
Federal employee life insurance and health
benefits programs. GAO found serious weak-
nesses in the cash management procedures
the agencies used and recommended improve-
ments which will:

    --increase income to the life insurance
    program and the Treasury by about
    $4.3 million annually, and

    --eliminate the Ion of income to the
    health benefits program which has to-
    taled at least $550,000 since 1976.
The agencies have implemented these recom-
mendations.


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    FGMSD-8O-83
OCTOBER 10, 1980

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