PERAC Memo #15 - 2001: Correction to PERAC Memo #9/2001 Buyback and Repayment Worksheets
Correction to PERAC Memo #9/2001 Buyback and Repayment Worksheets
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This memo corrects an error in the buyback/repayment worksheet issued with PERAC Memo #9/2001: the factor for line (7) for a May repayment was incorrectly listed as 0.875% and should be 0.79167%. Boards should discard the previous worksheet and use the corrected version attached to this memo when calculating May repayments going forward.
Full Text
PERAC MEMO 15/2001 M E M O R A N D U M TO: All Retirement Boards FROM: Joseph E. Connarton, Executive Director RE: Correction to PERAC Memo #9/2001 Buyback and Repayment Worksheets DATE: February 2, 2001 The repayment worksheet that accompanied PERAC Memo #9/2001, issued on January 23, 2001 contained an error. The instructions incorrectly stated that the factor for line (7) was 0.875% for a May repayment. The attached corrected worksheet reflects the correct factor of 0.79167% for a May repayment. If you have any questions or need assistance in using these forms, do not hesitate to call Jim Lamenzo at 617-666-4446 ext. 921.