Blue Cross Blue Shield of Tennessee Overclaimed Supplemental Executive Retirement Plan Costs for Fiscal Years 2005 through 2009.

摘要

Blue Cross Blue Shield of Tennessee (BCBS Tennessee), doing business as Riverbend Government Benefits Administrator, administered Medicare Part A operations under cost reimbursement contracts with the Centers for Medicare & Medicaid Services (CMS) until the contractual relationship was terminated effective August 1, 2009. BCBS Tennessee sponsors a supplemental executive retirement plan (SERP) whose primary purpose is to provide deferred compensation to a select group of management or highly compensated employees. The SERP is a nonqualified defined-benefit pension plan designed to restore benefits lost because of the Internal Revenue Code limits applicable to the regular qualified pension plan. CMS reimburses a portion of its contractors SERP costs. In claiming SERP costs, contractors must follow cost reimbursement principles contained in the Federal Acquisition Regulation, Cost Accounting Standards (CAS), and the Medicare contracts.