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Statement of Patricia A. Dal Ton Deputy Inspector General U.s. Department of Labor before the Subcommittee on Oversight Committee on Ways and Means U.s. House of Representatives
| Content Provider | Semantic Scholar |
|---|---|
| Copyright Year | 2000 |
| Abstract | It is the opinion of the OIG, Madam Chair, that ensuring that pension assets are safeguarded is an area that continues to require major departmental and congressional attention. So I thank you for your interest in holding this hearing to further explore this issue. As you may be aware, current pension plan assets now total close to $3.5 trillion. Because of the nature of these assets -large sums of dollars, entrusted for deposit and long-term investment for a future benefit -the potential for serious abuses exists. And no-one is really exempt from becoming a victim. Our criminal investigations of pension plan fraud demonstrate that the people being defrauded come from all walks of life. It does not matter whether you are a truck driver or a roofer contributing to an union pension fund or whether you are a Member of Congress. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www.oig.dol.gov/public/testimony/19970304.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |