"A" = Actual Control "P" = Proposed Control
| CONTROLS | ||||||||||||||
| THREATS | C-1 Multiple actuarial reviews | C-2 Reciprocity agreements were subject to Board, union, administration, and actuarial review | C-3 Subject to annual audit by KPMG | C-4 Investment transactions are correctly and promptly recorded | C-5 Quarterly reports from investment managers review performance against benchmarks | C-6 Independent investment advisors review investment manager performance on a quarterly basis | C-7 Retirement Unit is beginning to track portfolio performance internally | C-8 Investment contracts follow standard industry practices | C-9 Investment contracts are negotiated in the best interests of both parties | C-10 Non-performing investment managers are terminated | C-11 Portfolio is in compliance with investment policies | C-12 Subject to Board review | C-13 City's asset allocation plan is comparable to other jurisdictions | C-14 Payroll contributions are computed correctly and transferred promptly |
| T-1 PERS RECIPROCITY COSTS MAY EXCEED EXPECTATIONS | A | A | ||||||||||||
| T-2 ACTUARIAL ESTIMATE OF PENSION BENEFIT OBLIGATION MAY BE OVERSTATED | A | A | ||||||||||||
| T-3 INVESTMENT MANAGERS MAY UNDERPERFORM THE MARKET | A | A | A | A | A | A | A | |||||||
| T-4 INVESTMENT MANAGER FEE STRUCTURES MAY NOT ADEQUATELY REWARD GOOD PERFORMANCE OR PUNISH POOR PERFORMANCE | A | A | A | A |