Public Employees' Retirement Division of the Department of Administration Financial/compliance Audit for the Two Fiscal Years Ended June 30, 1984 1984

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The notes to the financial statement are an integral part of this statement.
20 PUBLIC EMPLOYfnS' RETIRHMENT DIVISION Notes to the Financial Statements Fiscal Year Ended June 30, 198U 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Thr Public Enployees' Retirement Division (PERD) administers the activities of the eight retirement systems listed below: 1) Public Employees' Retirement System 2) Judges' Retirement System 3) Game Wardens' Retirement System U) Highway Patrolmen's Retirement System 5)
...Sheriffs' Retirement System 6) Municipal Police Officers' Retirement System 7) Firefighters' Unified Retirement System 8) Volunteer Firefighters' Pension Plan In addition to administering the retirement systems, the division collects social security payments for employers and enployees and remits the collections to the federal government.
a. Description of Funds The accounts of the division are organized on the basis of funds, each of which is considered a separate accounting entity.
The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, liabilities, equities, revenues, and expenditures.


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