Joseph E. Connarton, Executive Director
July 18, 2011
Ms. Marcia D. Bohinc, Chair
Hull Contributory Retirement System
253 Atlantic Avenue
Hull, MA 02045
REFERENCE: Report of the Examination of the Hull Contributory Retirement System for the three-year period from January 1, 2007 through December 31, 2009.
Dear Chairperson Bohinc:
The Public Employee Retirement Administration Commission has completed a follow-up review of the findings and recommendations contained in its audit report of the Hull Contributory 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 examination addressed one specific finding and recommendation included in the audit report for the period referenced above. The results are as follows:
The Audit Report cited a finding that the Board did not meet in August, 2008 as required nor did the Board appropriately vote to disburse funds for this same period.
Follow-up Result:
PERAC Auditors reviewed all documents relating to Board meetings and expense warrant approvals through the current period. It was determined that the Board has complied with G. L. c. 32, § 20 (5) (a) which requires Boards to meet at least once monthly. G. L. c. 32, § 23 (2) (a) which requires approvals by at least two Board Members was also complied with. This finding is considered resolved.
The Commission wishes to acknowledge the effort demonstrated by the staff of the Hull Contributory 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