Annual Report of the Public Employees' Retirement System, the Social Security Division, Montana Judges' Retirement System, Montana Game Wardens' Retirement System, Volunteer Fireman Pension to the Governor .. 1971
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were sold and corporate bonds with the same par value were purchased. This increased the annual income, of this $4,715,000, holding, from $195,545, to $276,606,25, or an annual increase of $81, 061,25, The paper loss $696,965, 75 (book value less sale price) will be recovered in 8,58 years, -5 - (3) Check Writing - All Systems The 2800 monthly benefit check issuance was computerized in January of 1970 with the prospect that the check writing function would be centralized in the all-purpose warr...ant system and be incorporated in the central accounting system. Checks for all systems administered by the PERS will become part of the central system November, 1971, (4) Central Investment Program - All Systems In anticipation of the Executive Reorganization mechanics were developed to furnish the central investment agency daily cash flow statements which gave the central investing officer a daily updating of the cash position of the various systems of the Public Employees' Retirement System. (5) Reorganized Social Security Division In evaluating the on site audit program it was decided to eliminate the vacated position of the Social Security Accountant, the Chief Executive of the division, and add an additional auditor to the staff to place more emphasis on the audit aspect of the program.
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