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Sunbury council orders follow-up after pension audit flags possible state repayments
Summary
Council members heard a detailed police pension audit and directed staff to convene actuaries and auditors to clarify potential overpayments and repayment obligations to the state; figures mentioned in the meeting included illustrative amounts of roughly $8,500 and an earlier $38,000 error, but precise liabilities are pending verification.
Sunbury City Council held an extended discussion about a recent audit of the city's police pension plan that identified reporting errors and possible overpayments that could require reimbursements to the state.
Council member and staff briefings said the city is still assembling the precise numbers. A staff member told the council they have not yet had a chance to meet with the actuarial consultant named in meeting discussion (Conrad Siegel) and that additional documentation is needed to reconcile audit figures.
The audit and follow-up…
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