Report Summary
Public Employees Retirement Association
Financial Audit
For the Year Ended June 30, 1993
| Public Release Date: May 13, 1994 |
No. 94-21 |
Objectives
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Examine the Associations Financial Statements
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Evaluate Internal Control Structure: Employee and employer
contributions, annuity payments, Police and Fire Fund
consolidations.
-
Test Compliance with certain Finance-Related Legal Provisions.
Conclusions
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.
