Board hears update on actuarial enrollment discrepancy; staff continuing research
The board reviewed an audit-management comment about a discrepancy in the date an employee became eligible for the pension plan. Staff and the actuarial firm are continuing research before bringing a formal recommendation back to the board or commission.
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The Winter Springs Pension Board heard an update on an audit-management comment that flagged a discrepancy in plan census data relating to an employee's enrollment date. Staff said additional research with the actuary and pension attorney is ongoing and that they will return to the board with findings and any recommended corrections.
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