Separation Pay:

FSLIC Managing Office Did Not Receive Unwarranted Payments

GGD-90-23: Published: Nov 14, 1989. Publicly Released: Nov 17, 1989.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a congressional request, GAO reviewed the Federal Savings and Loan Corporation's (FSLIC) termination of a managing officer's employment in Little Rock, Arkansas, focusing on an allegation that the former manager would receive a large amount of severance pay or other benefits.

GAO found that: (1) the only payment FSLIC made to the former employee was for accrued unpaid salary, which complied with FSLIC employment policies; and (2) although the former employee requested payment of $5,608.75 in accrued unused vacation leave, FSLIC did not plan to pay her because Arkansas state law did not require payment of accrued unused vacation leave.

Sep 1, 2016

Aug 19, 2016

Jun 8, 2016

Mar 24, 2016

Jan 11, 2016

Jun 16, 2015

Apr 16, 2015

Mar 9, 2015

Jan 30, 2015

Jan 6, 2015

Looking for more? Browse all our products here