Indiana PERF’s 2007 Annual Report Receives National Certification
Award marks second consecutive year of certification
INDIANAPOLIS (June 19, 2008) – The 2007 Annual Report for the Indiana Public Employees’ Retirement Fund (PERF) has been recognized nationally by the Government Finance Officers Association (GFOA) with a Certificate of Achievement for Excellence in Financial Reporting.
This marks the second year in a row PERF’s annual report has achieved this recognition. The publication was released in December 2007.
"This second consecutive year of certification validates that our efforts to put in place effective financial controls and processes are working," said PERF Executive Director Terren B. Magid. "The annual report represents our effort to be open, accountable and transparent to our members and the public we serve. The GFOA standards are intended to assist in this disclosure."
PERF's annual report was judged by an impartial panel to meet the high standards of the GFOA program, including demonstrating a constructive ‘spirit of full disclosure’ to clearly communicate PERF’s financial story and to motivate plan members, employers and the interested public to read the annual report.
In addition to a thorough and clear reporting of PERF’s 2007 financial position, the annual report featured the stories of satisfied retirees from throughout Indiana. A copy of the annual report is available online at http://www.in.gov/perf/2376.htm.
About PERF
With fiscal year-end assets of $17.2 billion, the Public Employees’ Retirement Fund (PERF) is headquartered in Indianapolis. PERF serves the needs of more than 220,000 public employees and retirees throughout Indiana.
About the GFOA
The GFOA is a nonprofit professional association serving approximately 16,000 government finance professionals with offices in Chicago and Washington, D.C.
-END-
CONTACT: Jeff Hutson – (317) 234-3401 or jhutson@perf.in.gov
