Joseph E. Connarton, Executive Director
January 19, 2012
Richard N. Sarasin, Chairman
Fitchburg Retirement Board
718 Main Street
Fitchburg, MA 01420
REFERENCE: Report of the Examination of the Fitchburg Retirement Board for the three-year period from January 1, 2008 through December 31, 2010.
Dear Chairman Sarasin:
The Public Employee Retirement Administration Commission has completed a follow-up review of the findings and recommendations contained in its audit report of the Fitchburg 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 results are as follows:
1. The Audit Report cited a finding that the Fitchburg Housing Authority (FHA) was not making timely appropriation payments. As of December 31, 2010 one of four payments for Fiscal Year 2010 was still outstanding, and no payments for Fiscal Year 2011 had been made.
Follow-up Result: The FHA’s final FY10 payment was received by the Retirement Board March 9, 2011. The four payments for FY11 were received April 6, 2011, May 11, 2011 (this was a double payment) and June 8, 2011. FY12 payments have been received September 28, 2011 and November 23, 2011. This issue is resolved.
2. The Audit Report cited a finding that the FHA was not withholding retirement on beeper pay.
Follow-up Result: Retirement contributions are now paid on beeper pay. This issue is resolved.
The Commission wishes to acknowledge the effort demonstrated by the staff of the Fitchburg Retirement Board to correct the deficiencies cited in the most recent examination of the system.
Thank you for your continued cooperation in this important matter.
Joseph E. Connarton