Auditor general urges officials to address long-standing problems with military reservist pensions
Canada's auditor general is telling federal officials to do something about a pension fund for military reservists that he says is ``problematic.''
In a recent commentary on the federal government's 2016-17 financial audits, the auditor's office says it is unable to provide assurances the reserve force pension plan's financial statements are free of significant error.
Michael Ferguson says it's a problem that has been ongoing for the last 10 years.
Ferguson remains unable to draw conclusions about the accuracy and completeness of data used to estimate reported pension obligations of 610-million dollars.
The concerns were raised as part of a commentary on financial audits of 68 federal organizations conducted by the auditor's office for the fiscal years that ended between December 2016 and August 2017.
The commentary was published March 28th.
Overall, Ferguson is satisfied with the credibility of all financial statements it examined except those of the reserve force pension plan.