Date: | 05/27/1999 |
---|---|
Referenced Sources: | Public Employee Retirement Administration Commission |
- This page, Policy #99-001: Distribution of Commission Budget, is offered by
- Public Employee Retirement Administration Commission
Policy Statement Policy #99-001: Distribution of Commission Budget
Contact for Policy #99-001: Distribution of Commission Budget
Public Employee Retirement Administration Commission
Phone
Hours: 9:00 a.m. to 5:00 p.m., Monday through Friday
For deaf, hard of hearing, or speech impaired
Call to report suspected pension fraud
Online
Table of Contents
Distribution of Commission Budget
The Public Employee Retirement Administration Commission (Commission) is authorized by statute to adopt an annual budget and supplemental budgets, as it deems necessary. These budgets are to be funded in accordance with G.L. c. 32, § 22C. The Commission believes that full disclosure of its budgets to all interested parties is good public pension policy. The Commission also believes that all interested parties must have access to reports of the actual spending of the Commission.
The Commission therefore establishes this policy to insure that its budgets and reports of its actual spending are fully disclosed and available to any interested parties. The Executive Director is hereby instructed to forward a copy of the Commission's annual budget to the House and Senate Committees on Ways and Means, the Joint Committee on Public Service and the Secretary of the Executive Office of Administration and Finance after adoption of the annual budget by the Commission and at least thirty days prior to the commencement of the fiscal year to which the budget pertains. If the Commission adopts a supplemental budget, the Executive Director is directed to forward a copy of such supplementary budget to the House and Senate Committees on Ways and Means, the Joint Committee on Public Service and the Secretary of the Executive Office of Administration and Finance at least thirty days prior to the effective date of any supplemental budget. The Executive Director is further instructed to forward a report of actual spending to the House and Senate Committees on Ways and Means, the Joint Committee on Public Service and the Secretary of the Executive Office of Administration and Finance within ninety days of the end of the fiscal year.
Contact for Policy #99-001: Distribution of Commission Budget
Phone
Hours: 9:00 a.m. to 5:00 p.m., Monday through Friday
For deaf, hard of hearing, or speech impaired
Call to report suspected pension fraud