HomeMy WebLinkAboutDocumentation_Pension Public Safety_Tab 09c1_05/21/2002~C~~ ~'~
AN FPPTA CERTIFICATION PROGRAM
FOR PUBLIC PENSION PLANS
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Certificate Program
Certified Public
Pension
^ Gain an understanding of investment principles
^ Broaden your public pension knowledge
^ Three-level certification process-
Basic, Intermediate and Advanced
FPPTA
2946 Wellington Circle East
Suite A
Tallahassee, FL 32308
800-842-4064
Fax: 850-668-8514
E-mail; fppta C~ fppta, org
Web site: www.fppta.org
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TT ~SOCIATION
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Dear FPPTA Members.'
The FPPTA has always attempted to provide a well rounded educational forum
for its members. From the beginning we realized there was more to being a
pension trustee and administrator than just knowing about investments. Our
vision has always been to be the best Public Pension Educational Association
in the country. Many are of the opinion that we have already attained that goal.
If was now time to reach for a new goal and to take the FPPTA a step higher in
its academic offering. We knew this would be a big step so we tested the
waters with surveys and CPPT related questionnaires. The member response
was overwhelming and definitely in favor of a certification program.
We were also aware that some of our members were attending certification
programs out of state and paying exorbitant fees. In fact some of these
courses were merely investment classes and had nothing to do with being a
Florida trustee. We have created a well rounded trustee certification program
that is the most inexpensive in the country and will be hailed as the best
educational experience for trustees anywhere.
With this in mind, we set up an Education Committee to research the feasibility
of a certification program. The first research by the committee was financial
and included setting up a budget. The budget was presented to the Board of
Directors and approved. We knew a large financial outlay would be needed,
but if participation was as predicted it would eventually be a financial success.
Since the inspection of the CPPT Program the enrollment has been
outstanding. Our Education and Curriculum Committees work on a regular
basis developing new courses and avenues of education.
The Continuing Education aspect of the program has great expectations for
new and adventurous programs.
Please remember That participating in the CPPT Program is strictly by choice
and not mandatory in any way. The FPPTA Board of Directors has gone on
record as being opposed to any or3anizational or State n:quirements for
Trustee certification. If you decide you do not want to participate in the CPPT
Program, you may still attend Trustee schools and conferences as you have in
the past. You will still reap the benefits of the educational programs offered by
the FPPTA.
Thank you for your continuing support.
Sincerely,
Raymond Edmondson
FPPTA Executive Director
CPPT Awards:
A special award ceremony will be held every year at the FPPTA Annual Conference
to honor our members completing the CPPT certification process. To maintain certification, each recipient must then
complete the Post Certification Requirements on an annual basis.
Post Certification Requirements:.
After completing the CPPT Certification Program everyone must complete 10
Continuing Education Units annually or 30 Continuing Education Units over
three years to maintain your CPPT Certification. An FPPTA Trustee School will
be worth 10 units and any other educational function attended will be worth 5 units
either with the FPPTA or an approved outside educational conference. We have
presently approved participation in the NPEA, NCPERS, and the Florida Division of
Retirement; "Police and Firefighters Trustee's School°.
Each recipient will be monitored yearly to insure that CPPT related education is in
fact continuing. We will require you to attend at least one FPPTA function per
year. There also may be requirements that you attend specific courses related to
new investment or pension issues which will be determined by the FPPTA
Education Committee. Post Certification Requirements will be monitored on a
calendar year basis beginning in January 2000.
Certification Testing:
Proctored exams will be given for the basic, intermediate, and advanced programs
on Wednesday morning during the Winter and Fall FPPTA Trustee Schools.
Program review workshops will also be offered on Tuesday afternoon to help
prepare all certification candidates for the program exams. All individuals must
pass all three exams for certification.
Program Cost and Duration:
The present cost to participate in the CPPT Program is ;650 per person. This will
cover all the expenses related to this certification program. Each school will have
an additional registration cost which covers all other participant expenses. Once
enrolled in the program, the individual will have three years to complete the CPPT
certification process.
Expert Faculty:
You will team from a team of expert money managers, investment professionals,
attorneys and financial consultants. These individuals are well respected in their
fields and have extensive experience offering educational seminars.
The Program Director is Dee Lee, who is a Certified Financial Planner and a
financial educator. A dynamic and entertaining speaker, Dee is a frequent
lecturer at seminars across the country. She writes the personal finance column
for the Boston Herald and her newest book, "Let's Talk Money" can be found in
bookstores across the country.
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Basic Program Intermediate Program Advanced Program
MONDAY
8 - 8:40 A.M. The History of Wall Street CPPT Introduction 8 Review CPPT Introduction 8 Review
8:45 - 9:25 A.M. Basic Duties & Responsibilities Economics of Investing
of Trustee's Alternative Assets
(Panel Discussion)
9:30 -10:10 A.M. Legal Responsibilities Developing 8~ Implementing
of Trustee's an Investment Policy
10:30 -11:10 A.M. Reading Quarterly Statements Tactical Allocation
Performance & Manager
Search
11:15 -11:55 A.M. Introduction to Stocks (Panel Discussion) Execution 8~ Trading Costs
1:30 - 2:10 P.M. Introduction to Bonds Performance Reporting
Disability Case Study
(Panel Discussion)
2:15 - 2:55 P.M. How to Read The Wall Administrative Duties of
Street Journal Pension Boards
3:15 - 3:55 P.M. Ethic's for Pension Plans Trustees Responsibilities State Reporting
& Legislative Action
TUESDAY
8 - 8:40 A.M. Economics of Investing Current Economic Conditions
Pension Fundamentals
(Panel Discussion)
8:45.9:25 A.M. The Bond Market Active vs. Passive
Management
9:30 -10:70 A.M. AIMR Standards & Stock Investing Boanismanship
Benchmark Performance
10:30 -11:10 A.M. Asset Allocation Equity Analysis 8 Evaluation
Portfolio Review Case Study
11:15 -11:55 a.m. Florida Pension Law The Master Custodian (Panel Presentation)
(112-175-185)
1:30 - 2:10 P.M. Tax Qualification & Pension Reporting 8 Disclosure
Types of Pension Plans Funds Requirements
(Panel Discussion)
2:15 - 2:55 p.m. Drop Plans Future of Pension Plans
4:00 - 5:00 p.m. Basic Review Intermediate Review Advanced Review
WEDNESDAY
8:30 -10:00 A.M. Basic Program Testing Intermediate.Program Testing Advanced Program Testing
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Trustees School January 27 - 30, 2002 Sawgrass Marriott
800-457-GOLF
Ponte Vedra Beach
Conference June 30 -July 3, 2002 Boca Raton Resort
800-327-0101
Boca Raton
Trustees School September 27 - PGA National
October 2, 2002 800-633-9150
Palm Beach Gardens
Trustees School ~ February 2 - 5, 2003 Amelia Island
Plantation
800-874-6878
Fernandina Beach
Conference June 29 -July 2, 2003 Opryland Hotel
Disne ,Orlando
Trustees School October 2003 Marriott Waterside
Tam a
Trustees School January 25 - 28, 2004 Sawgrass Marriott
800-457-GOLF
Ponte Vedra Beach
Conference June 27 - 30, 2004 Registry Resort
800-247-9810
Na les
Revised September 2001
FPPT
2946 Wellington Circle East, Suite A
Tallahassee, Fl 32309
800-842-4064, Fax 850-668-8514
www.fppta.org
E-mail- fpptana,fppta.o~, RaY(a~~fppta.org, Loisna~ppta.org, Kim(a~_fppta.org