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This memorandum outlines the guidelines and requirements for retirement boards in Massachusetts regarding the Tobacco Statute and its application to pooled fund investments. It includes details about
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Start by downloading the PERAC Memo#8/1998 document from the official website.
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Who needs PERAC Memo#8/1998?

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Government employees involved in financial management and audits.
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Auditors who need guidelines for financial reporting.
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Departments that must adhere to specific financial policies and frameworks.
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Public sector organizations that require compliance with financial regulations.
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PERAC Memo#8/1998 is a memorandum issued by the Public Employee Retirement Administration Commission (PERAC) in Massachusetts that provides guidelines and directives related to the reporting and administration of retirement systems.
Entities such as public retirement systems and municipalities in Massachusetts that manage pension funds are required to file PERAC Memo#8/1998.
To fill out PERAC Memo#8/1998, organizations must complete the required forms with accurate data, following the instructions provided in the memo, and submit them to the appropriate PERAC office.
The purpose of PERAC Memo#8/1998 is to ensure compliance with state regulations, provide clarity on the reporting requirements, and promote transparency and accountability in the management of public retirement systems.
Information that must be reported on PERAC Memo#8/1998 includes data related to member contributions, retiree benefits, and any changes to pension plan structures or employee compensation that affect retirement calculations.
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