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Needham retirement board to file rebuttal after PAR audit flags over/underpayments; staff push to correct records
Summary
A draft PAR audit prompted tense discussion at the March 25 Town of Needham Retirement Board meeting about missing retiree files, PERAC approval letters and whether the board should recover past overpayments; staff will draft a rebuttal and pursue corrective action ahead of a follow‑up audit in six months.
The Town of Needham Retirement Board spent the bulk of its March 25 meeting reviewing a draft audit from PAR and planning a written rebuttal. Auditors gave the board 10 days to submit comments on the draft; staff said they will prepare a high‑level rebuttal that acknowledges issues and outlines steps being taken to correct records.
Staff described two concurrent efforts to respond to auditors: (1) uploading missing files and documentation into the PTG/Prosper system and (2) preparing case‑by‑case reconciliations for retirees whose payments the audit flagged as…
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