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
Mary Ann Bradley | Paul V. Doane | James M. Machado | Donald R. Marquis | Robert B. McCarthy
Joseph E. Connarton, Executive Director

October 20, 2009

Mr. Arthur M. Viana , Chairman
Fall River Retirement System
30 Third Street, Suite 301
Fall River , MA 02720

REFERENCE: Report of the Examination of the Fall River Retirement System for the     three-year period from January 1, 2005 through December 31, 2007

Dear Mr. Viana:

The Public Employee Retirement Administration Commission has completed a follow-up review of the finding and recommendation contained in its audit report of the Fall River 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 finding that checks were outstanding for more than six months.

Follow-up Result:  A check of the outstanding check register showed that all checks identified as outstanding had been voided or voided and reissued. This finding is considered resolved.

The Commission wishes to acknowledge the effort demonstrated by the staff of the Fall River Retirement System to correct the deficiency 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

 

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