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Board discusses correction of small retirement overpayment and internal controls
5019997 · June 18, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Trustees discussed a recent overpayment to retirees, steps taken to correct member accounts, and plans to have vendor JEA monitor files; board approved staff recommendations to correct accounts.
The Imperial County Board of Retirement on June 18 reviewed a staff report on a recent, limited overpayment to retirement accounts and approved corrective steps to reconcile member files.
Staff explained the error occurred between last year’s audit and the upcoming audit year; corrective entries were made within the same fiscal…
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