|Public Release Date: February 17, 1995||No. 95-04|
Examine the system's financial statements.
Review internal control structure: Employer and employee contributions, annuity payments and refunds of contributions.
Test compliance with certain finance-related legal provisions.
We issued an unqualified opinion on the financial statements which were published in the association's annual report for fiscal year 1994.
We noted two weaknesses in the internal control structure over inactive member accounts:
We found one possible departure from finance-related legal provisions:
Office of the Legislative Auditor ♦ Room 140, 658 Cedar St., St. Paul, MN 55155