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Board continues research on employee enrollment-date discrepancy flagged in audit
Summary
Staff and the board discussed an actuary-identified discrepancy in an employee’s enrollment date that appeared in the fiscal 2023 audit census; the board directed staff to continue research with the actuary and pension attorney before taking further steps.
Board members and staff reviewed an audit management comment arising from the fiscal-year audit that identified a discrepancy between the actuarial valuation and the recorded enrollment date for a plan member.
Holly Queen, the city’s finance director, said staff had completed only routine payroll contributions so far and that the…
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