Commonwealth of Massachusetts | Public Employee Retirement Administration Commission
Five Middlesex Avenue, Suite 304, Somerville, MA 02145
Ph 617 666 4446 | Fax 617 628 4002 | TTY 617 591 8917 | www.mass.gov/perac
Philip Y. Brown, ESQ, Chairman
Auditor Suzanne M. Bump | Kate Fitzpatrick | Elizabeth Fontaine | John B. Langan | James M. Machado | Robert B. McCarthy 

Joseph E. Connarton, Executive Director

 

November 20, 2015

Gary S. Sager, Chairman
Attleboro Retirement Board
77 Park Street
Attleboro, MA 02702

REFERENCE: Report of the Examination of the Attleboro Retirement Board for the        three-year period from January 1, 2011 through December 31, 2013.

Dear Chairman Sager:

The Public Employee Retirement Administration Commission has completed a follow-up review of the finding and recommendation contained in its audit report of the Attleboro Retirement Board for the period referenced above. We conduct these visits as a regular part of the oversight process. They are designed to ensure the timely implementation of corrective action for the recommendations cited in that report. The result is as follows:

The Audit Report cited a finding that the City Treasurer’s office did not provide a complete and formal reconciliation of the retiree payroll account. Rather, the Board Administrator reconciled the payroll account monthly.

Follow-up Result:  Since January 2015 the City Treasurer has been performing the monthly reconciliations for all of the Attleboro Retirement Board’s bank accounts. These reconciliations are completed in a timely fashion and forwarded to the Board. This issue is resolved.

The Commission wishes to acknowledge the effort demonstrated by the staff of the Attleboro Retirement Board to correct the finding cited in the most recent examination of the system.

Thank you for your continued cooperation in this important matter.

Sincerely,

Joseph E. Connarton
Executive Director


cc:  Attleboro Retirement Board Members