Public Employees Retirement Association
For the Year Ended June 30, 1993;
|Public Release Date: May 13, 1994
- Examine the Associations Financial Statements
- Evaluate Internal Control Structure: Employee and employer contributions, annuity payments, Police and Fire Fund consolidations.
- Test Compliance with certain Finance-Related Legal Provisions.
We issued an unqualified opinion on the association's financial statements.
We found one area where the internal control structure needed improvement:
- PERA's system for monitoring funds transferred to the Minnesota Post Retirement Investment Fund needs improvement.
We found no departures from finance-related legal provisions.