2002-04-15 (48)
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TOWN OF WAPPINGER
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Aprilu;wol
SUPERVISOR'S OFFICE
20 M1DDLEBUSH ROAD
P.O. BOX 324
WAPPINGERS FALLS, NY 12590-0324
CONSTANCE O. SMITH
SUPERVISOR
TELEPHONE: (914) 297-2744
FAX: (914) 297-4558
New York State Employees' Retirement System
New York State Police & Fire Retirement System
Governor Smith State Office Building
Albany, New York 12244
Our auditors, Sedore & Company, CPA's PC, are making an e,,~ination of our financial
statements for the year ended December 31, ~ Please furnish dir~ctly to them the
following information about the New York Stat/Employees' Retirement System. Our
auditors will use the information to determine the amounts of pension cost determined in
conformity with GASB Statement No. 27, and other informatiort to be disclosed in our
financial statements.
1. A brief description of the types of benefits provided and the authority under
which provisions are established or may be amended.
2. Identification of the System's financial report and how to obtain the report.
3. Description of funding policy including:
a) Authority under which obligations to contribute to the plan are established
for new members and employers.
b) How such provisions are established or may be amended
c) Required contribution rates of active plan members.
d) Required contribution rates of the employer and accordance with the
funding policy in dollars and as a percentage of covered payroll.
e) Required contribution in dollars and percentage of that amount actually
contributed for the current year and each of the two preceding years.
4. Indicate whether your response to the above items, in your opinion as actuaries
for the plans, have been made in accordance with the related provisions of
GASB in statement No. 27. If not, please describe the specific differences.
5. Indicate whether, in your opinion, the plan conforms to the requirements of
ERISA.
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Please mail your response to Sedore & Company, CPA's PC, in the enclosed envelope as
soon as possible.
Sincerely,
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Constance O. Smith
Supervisor
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