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
April 6, 2010
Carolyn S. Olsen, Chairperson
Montague Retirement Board
1 Avenue A
Turners Falls, MA 01376
REFERENCE: Report of the Examination of the Montague Retirement Board for the three-year period from January 1, 2006 through December 31, 2008
Dear Ms. Olsen:
The Public Employee Retirement Administration Commission has completed a follow-up review of the finding and recommendation contained in its audit report of the Montague Retirement Board 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 recommendation cited in that report. The examination addressed one specific finding and recommendation included in the audit report for the period referenced above. The result is as follows:
1. The Audit Report cited a finding that one Board member had significant absenteeism from Board meetings.
Follow-up Result: This same Board member missed 33% of the meetings held in 2009. This finding is not considered resolved.
PERAC auditors may conduct an additional follow-up visit to ensure that progress is being made in the attendance issue that has not been corrected adequately at this time.
We anticipate your continued cooperation in resolving this important matter.
Joseph E. Connarton
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