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ANNUAL DISCLOSURE OF COMPENSATION PAID AS REQUIRED BY G.L. c.32 23 AND 23B (Issued: 3/12) Massachusetts Law (Chapter 32, Section 23 and/or 23B) requires that a contractor providing investment services

How to fill out perac annaul vendor disclosure

How to fill out perac annual vendor disclosure:

1. Obtain the perac annual vendor disclosure form: You can usually find this form on the website of the Public Employee Retirement Administration Commission (PERAC) or request a copy from your employer's HR department.
2. Provide your information: Start by filling out your personal information, such as your name, address, and contact details. Make sure to provide accurate and up-to-date information.
3. Disclose vendor information: Fill in the section that requires you to disclose information about the vendor. This includes the vendor's name, address, contact details, and a description of the goods or services they provide.
4. Report business relationships: If you or any immediate family member have a business relationship with the vendor, such as ownership or employment, you need to disclose it in this section. Include details about the nature of the relationship.
5. Declare financial interests: If you or any immediate family member have any financial interests or investments (such as stocks, bonds, or ownership) in the vendor's business, you must report it here. Be thorough and accurately disclose all relevant information.
6. Sign and date the form: Once you have completed filling out the form, sign and date it to certify the accuracy of the information provided.

Who needs perac annual vendor disclosure?

1. Employees: All employees of organizations that are subject to PERAC regulations and have financial interests or business relationships with vendors need to fill out the perac annual vendor disclosure form. This includes both full-time and part-time employees.
2. Retirees: Retirees who continue to have financial interests or business relationships with vendors after retirement may also be required to fill out the perac annual vendor disclosure form. It is important to consult with PERAC or your employer to determine if this is necessary.
3. Vendors: Vendors who provide goods or services to organizations subject to PERAC regulations may be required to complete their own section of the perac annual vendor disclosure form. This allows the organization to gather information about the vendor's background and any potential conflicts of interest.

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What is perac annaul vendor disclosure?

Perac annual vendor disclosure is a requirement for vendors or entities doing business with public retirement systems in Massachusetts to disclose certain information regarding their relationship with such systems.

Who is required to file perac annaul vendor disclosure?

Vendors or entities that conduct business with public retirement systems in Massachusetts are required to file perac annual vendor disclosure.

How to fill out perac annaul vendor disclosure?

Perac annual vendor disclosure can be filled out online through the Public Employee Retirement Administration Commission (PERAC) website.

What is the purpose of perac annaul vendor disclosure?

The purpose of perac annual vendor disclosure is to ensure transparency and accountability in the relationships between vendors or entities and public retirement systems in Massachusetts.

What information must be reported on perac annaul vendor disclosure?

Perac annual vendor disclosure requires vendors or entities to report information such as the nature of the services provided, any affiliations with public retirement system employees or board members, and any financial relationships with public retirement systems.