Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board hears update on actuarial enrollment discrepancy; staff continuing research
Summary
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.
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.
Why it matters: an actuarial or enrollment discrepancy can affect plan records and contributions; staff said the issue appears to be a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
