PERAC Memo #35 - 1999: Appropriation Data Due October 31, 1999
Appropriation Data Due October 31, 1999
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PERAC Memo #35/1999 requests retirement boards to submit appropriation data needed to calculate FY01 appropriation amounts under G.L. c. 32, §22D or §22(6A)(b). Boards must complete the enclosed questionnaire (or submit it online via PERAC's website) by October 31, 1999; boards that have not filed an updated funding schedule within the past three years should note that missing or incomplete data will cause PERAC to apply conservative estimates, potentially resulting in a significantly higher required appropriation.
Full Text
PERAC MEMO #35/1999 M E M O R A N D U M TO: All Retirement Boards FROM: Joseph E. Connarton, Acting Executive Director RE: Appropriation Data Due October 31, 1999 DATE: September 17, 1999 At this time we are requesting information necessary for us to furnish you with the amount to be appropriated for FY01, in accordance with your funding schedule, under the provisions of G.L. c. 32, §22D or §22(6A)(b). Please fill out the attached questionnaire with the appropriate information in the spaces provided and return it to us as soon as possible, but not later than October 31, 1999. You have the option of completing this questionnaire via PERAC’s web site at www//state.ma.us/perac. On PERAC’s Home Page, we encourage you to click on the tab titled “Appropriation Questionnaire” and fill out the form on-line. A new funding schedule is required to be submitted for approval at least every three years. If your board has not submitted a funding schedule in the past three years, incorrect, incomplete or unsubmitted information will result in PERAC estimating such data using conservative assumptions which could lead to a significant increase in your appropriation. If you have any questions regarding this memo, please contact PERAC Actuary Jim Lamenzo at 617-666-4446 x921.