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
Domenic J. F. Russo, Chairman | A. Joseph DeNucci, Vice Chairman
Paul V. Doane | James M. Machado | Donald R. Marquis | Robert B. McCarthy | Gregory R. Mennis
Joseph E. Connarton, Executive Director
September 28, 2010
Mrs. June Rosado, Chairman
Dedham Retirement System
202 Bussey Street, Suite 101
Dedham , MA 02026
REFERENCE: Report of the Examination of the Dedham Retirement System for the three-year period from January 1, 2006 through December 31, 2008
Dear Mrs. Rosado:
The Public Employee Retirement Administration Commission has completed a follow-up review of the findings and recommendations contained in its audit report of the Dedham Retirement System for the most recent 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 results are as follows:
1. The Audit Report cited a two part finding on Regular Compensation. The first part dealt with “Beeper Pay” while the second part dealt with auto allowance payments.
Follow-up Result: Beeper pay is now a pensionable item with auto allowance payments not a pensionable item. These two issues comply with Chapter 21 of the Acts of 2009, entitled “An Act Providing Responsible Reforms in the Pension System”. This finding is considered resolved.
2. The Audit Report cited a finding that the Dedham School Department did not provide the Retirement Board with adequate payroll information enabling it to verify employee retirement status and deductions.
Follow-up Result: The Dedham School Department is now providing this information on a quarterly basis. This finding is considered resolved.
3. The Audit Report cited a finding that there were no marriage certificates in the files of Option C retirees who name a spouse as beneficiary.
Follow-up Result: Marriage certificates are now required for each retiree and spousal beneficiary. This finding is considered resolved.
The Commission wishes to acknowledge the significant effort demonstrated by the staff of the Dedham Retirement System to correct the deficiencies 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