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HomeMy WebLinkAboutDocumentation_Pension Public Safety_Tab 17_11/05/2007Certified Public Pension Trustee (CPPT) Certification Program An FPPTA Certification Program For Public Pension Plans ^ Gain an understanding of investment principles ^ Broaden your public pension knowledge ^ Three-level certification process- Basic, Intermediate and Advanced CPPT Program Goals The goal of the CPPT Program is to provide an educational setting that is conducive to the development of well-informed individuals, so that they will be able to actively and meaningfully participate in the management of their retirement boards. Attaining certification in this program will enhance your fiduciary role as a contributing member in your retirement system. Mission Statement The FPPTA has been established for the purpose of providing education and information for the public pension system. FPPTA 2946 Wellington Circle East Suite A Tallahassee, Florida 32309 800-842-4064 Fax:850-668-8514 E-mail: fppta@fppta.org Web site: www.fppta.org Florida Public Pension Trustees Association © by FPPTA F ~. ~ .. • • Dear FPPTA Members: The FPPTA has always attempted to provide a well rounded educational forum for its mem- bers. From the beginning we realized there was more to being a pension trustee and administra- tor 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. It 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 certifica- tion 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 Educa- tion 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 manda- tory in any way. The FPPTA Board of Directors has gone on record as being opposed to any organizational or State requirements 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 • Explanation of the CPPT Program CPPT Program: The CPPT Program has been set up to accommodate both the novice just starting in the pension trustee role as well as the pro who has served many terms. There are three levels: Basic Intermediate Advanced To be eligible for the CPPT Certificate, you will need to pass all three exams. After passing the Advanced course your certification begins. After you are certified, you may maintain your accreditation by completing the annual post certification requirements. © by FPPTA What Will You Learn? Throughout this program, you will gain an understanding of investment principles and public pension issues. Each workshop addresses a specific topic related to public retirement. Depending on your level of expertise, you will learn important information about: ^ Asset Allocation ^ Capital Markets/Bonds ^ Capital Markets/Stocks ^ Economics ^ Fiduciary Responsibility ^ Pension Fundamentals ^ Performance Reporting ^ Public Pension Issues ^ Selected Investment Topics Expert Faculty: You will learn from a team of expert money managers, investment professionals, attor- neys and financial consultants. These individuals are well respected in their fields and have extensive experience offering educational seminars. 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 attend the appropriate classes and in the proper sequence: basic, intermediate and finally advanced. You must sign in on Monday morning to receive your study material and to be eligible to take the exam on Wednesday. You must sign in on Wednesday to receive your exam. All individuals must pass all three exams for certification. You must be registered to attend the trustees school. 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. 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" and Orlando Conference; International Foundation of Employee Benefit Plans. 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. Re-Certification Fee: Every three years after certification there will be a recertification fee of $100. This will apply three years after your date of certification. Program Cost and Duration: The present cost to participate in the CPPT Program is $750 per person for Pre-Registra- tion and $850 per person for On-Site Registration. 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. ©by FPPTA • • • • ~: Basic Course Intermediate Course Advanced Course ~,° a. Wall Street, The Fed and Others Economics of Investing Investment Definitions & Benchmarks Basic Duties & Responsibilities of Selecting a Money Manager The Underperforming Manager Trustees Overview of Florida Law Developing & Implementing an Active Fixed Income Strategies 112 - 175 - 185 Investment Policy Meeting Protocol Market Cap/Style Cycles Using Hedging Strategies Introduction to Stocks Drop Plans Market Sectors Introduction to Bonds Investment Impact on Your Fixed Income Alternatives: Actuarial Valuation Real Estate High Yield Bonds Asset Allocation International Investment Options , , Global Bonds Benchmarking Fundamentals Active vs. Passive Costing of Benefits Enhancements Pension Fundamentals: The Bond Market Risk Management Panel Discussion Stock Investing Military Entitlements Portfolio Diversification & Performance Reporting Rebalancing Types of Pension Plans Portfolio Review Case Study Disability Panel Discussion Panel Presentation Financial News Resources Ethics For Pension Trustees Execution Costs Equity Analysis/Growth-Value Fiduciary Homework - A Trustee's Disability Procedures View Basic Review Session Intermediate Review Session Advanced Review Session -. - .. 8:00 - 10:30 a.m. Exams for Basic, Intermediate and Advanced 8:00 - 12:00 p.m. Attorney's Day -Seven sessions presented by FPPTA member Attorney's . .. .. A Trustees Paradigm: Chasing Returns FPPTA Actuarial Panel Institutional Real Estate New SEC Fiduciary Ruling Overview of Alternative Investing Manager Selection and Do Diligence Conflicts of Interest Involving Board Service Providers Institutional Corporate Governance Program Health Insurance & Health Supplements FPPTA Investment Panel Small Cap Value Investing FPPTA Consultant Panel © by Laur, Betty -om: Kim Ryals [kim@fppta.orgj nt: Friday, October 19, 2007 10:54 AM Laur, Betty ~ject: RE: MembershipBrochure2007-2.pdf -Adobe Reader No because they need to sit through the Basic course and take the exam. There is also a separate fee. There is the one time CPPT fee of $850 and the school registration fee of $400 which is paid each time they attend. From: Laur, Betty [mailto:blaur@tequesta.org] Sent: Friday, October 19, 2007 9:49 AM To: Kim Ryals Cc: Imcwilliams@tequesta.org Subject: RE: MembershipBrochure2007-2.pdf -Adobe Reader Kim, the brochure is exactly what I needed. Thank you! One question-if the board votes to approve a trustee to enroll in the CPPT program who just attended the FPPTA school at PGA National, could that be counted by just paying the difference in the fee and taking the exam? From: Kim Ryals [mailto:kim@fppta.org] Sent: Thursday, October 18, 2007 10:17 AM To: Laur, Betty '~ibject: RE: MembershipBrochure2007-2.pdf -Adobe Reader ty- ve attached the CPPT Brochure for your review. don't hesitate to call me 800-842-4064 ext 101 if you over the program with you on the phone. Kim Ryals CPPT Coordinator This explains the program in detail. Please have any questions. I would be happy to go From: Diane Huggins [mailto:Diane@fppta.org] Sent: Thursday, October 18, 2007 9:14 AM To: 'Kim Ryals' Subject: FW: MembershipBrochure2007-2.pdf -Adobe Reader She called yesterday -could not access the brochure online, I emailed her one. I'm sure you can better help answer her questions than I can. Diane Huggins 2946 Wellington Circle East, Suite A Tallahassee, FL 32309 850-668-8552 prom: Laur, Betty [mailto:blaur@tequesta.org] ant: Wednesday, October 17, 2007 3:17 PM Diane Huggins Imcwilliams@tequesta.org Subject: RE: MembershipBrochure2007-2.pdf -Adobe Reader Diane; the brochure you sent only mentions the CPPTA program in regard to how much it costs. We need information on the program, why a trustee would want to be certified, what advantages rt provides, and the requirements. Are 're separate schools for this program? If not, what makes it different from the regular trustee school besides the _ .t? How long does it take to become certified and how much ongoing education is required? I hope you can send us information so our board can decide if they want to authorize the cost for a trustee to join this program. Thank you. a ~y Laur *** eSafe scanned this email for malicious content *** *** IMPORTANT: Do not open attachments from unrecognized senders *** IMPORTANT: The contents of this email and any attachments are confidential. They are intended for the named recipient(s) only. If you have received this email in error, please notify the system manager or the sender immediately and do not disclose the contents to anyone or make copies thereof. *** eSafe scanned this email for viruses, vandals, and malicious content. *"'` • • Z