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Home My WebLink AboutPension General_Documentation_Tab 13_11/28/2005 ASSOCIATION TR USI~s PENSION P ~u~ 7~ Fi,ORIDA ,~,~` h,.~ r^'~ `' ~/ ~ ~~r ~~ ~~ t FPPTA Upcomin Events `~~ - ~' g .~ , Trustees School October 2 - S, 2005 World Golf Vii ~~ ~ - 904-940-8000 y St Au usti Tr te ~ " . ne us es School January 29 -February 1, 2006 Sawgrass Marriott 800-457-GOLD - Conference ~ June 2S -- 28, 2006 Ponte Vedra BeauCh Wyndham Pale - Lake Buena Vista T te " Orlando rus es School October 8'-- 1 1, 2006 Tradewinds Resort 800-808-9833 T St. Petersbur ` rustees School February 2S - 28, 2007.•. Amelia Island Plantation .' 800-874-6878 F di C f ernan na Beach on erence June 24 - 27, 20Q7 Registry Resort 800-247-9810 T Na les rustees School October 7 -:10, 2007 PGA National 800-633-9150 Palm Beach Gardens Revised Februar 2Q05 y, FPPTA 2946 Wellington Circle East, Suite A - Tallahassee,'Fl 32309 800-842- _ _ 4064. Fax 8 0 S 66 88 514 WWw.~p~taArg fppta~a`fp ta.or~ Lois(a~fppta.org Kim(a~fppta.or~ AN FPPTA CERTIFICATION PROGRAM . FOR PUBLIC PENSION PLANS ~. Certified Public Pension Trustee (CPPT) Certificate Program ^ 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 32309 800-842-4064 Fax: 850-668-8514 E-mail: fppta C~3 fppta, org Web site: www.fppta.org ~ASSO('IATION TRUSTEES PENSION Pueuc FLORIDA i~ v~ T~AJIOC~ATR)N Pt 1 R":NTF.LS • PDRi u- FInRIDA 1~ 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. !t 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 wafers 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 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 C7 ASSOCIATION PETR~NTEtS • PUBLIC ` FLORIDA l~ \)+ .~ Dear FPPTA Members: The FPPTA has always attempted to provide a well rounded educational forum for its members. From the beginning we realized then; 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. . It was now time to reach for a new goal and to fake 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 wen; 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. Wth 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 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 • • AssoclATl°" Florida Public Pension Trustees Association PTRUSTEES 2946 Wellington Circle East ENSION PUBLIC Suite A FLORIDA Tallahassee, FL 32309 ,~ 800-842,4064 ' 850-668,8552 Fax 850-668-8514 E-mail fpptaCi'fppta.org Web site www.fppta.org CPPT Certification Program Application Pre-Registration Fee $700.00 On-Site Registration Fee $800.00 Pension Board Or Organization Name Address City Phone _ Email State Fax Zip Visa, Master Card, American Express accepted: Card Number: Signature: Check Enclosed: Exp. CPPT PROGRAM INFORMATION • 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 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. 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 $700 per person for Pre- Registration and $800 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. Expert Faculty: You will learn 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. A55alA„ON TRUSTEES PENSION PuRLIc FLORIDA 'ASSOC'IATION IPETROUNTEES r Pueuc • FLORIDAI • Tentative CPPT Program Agenda Basic Program Intermediate Program Advanced Program MONDAY 8 - 8:15 A.M. CPPT Introduction CPPT Introduction CPPT Introduction 8:20 - 9:00 A.M. Wall Street, The Fed and Economics of Investing Investment Definitions & Others Benchmarks 9:05 - 9:45 A.M. Basic Duties & Responsibilities Selecting a Money International Equities of Trustee's Mana er 9:50 -10:30 A.M. Overview of Florida Law Developing & Implementing Active Fixed Income ""=•`~~`"'• ""~~~` 112. 175 - 185. an Investment Policy -- - Strategies I ~we,s 10:50 -11:30 A.M. Meeting Protocol Drop Plans Alternative Investment Programs 11:35 -12:15 P.M. Introduction to Bonds Portfolio Diversification Market Sectors 1:45 - 2:25 P.M. Introduction to Bonds Performance Reporting Disability Panel Discussion 2:30 - 3:10 P.M. Asset Allocation Trustees Responsibilities 8~ Legislative Action 3:30 - 4:10 P.M. Benchmark Fundamentals Custodial Responsibilities & Costing of Benefits Proxy Voting Enhancements TUESDAY 8 - 8:40 A.M. The Bond Market Risk Management P i F t l d ens on un amen a s 8:45 - 9:25 AM. (Panel Discussion) Stock Investing Equity Analysis 9:30 -10:10 A.M. Portfolio Rebalancing Trustees Responsibility in Active Ownershi Panel 10:30 -11:10 A.M. Manager Reporting Growth vs. Value Portfolio Review Case Study 11:15 -11:55 A.M. Financial News Resources Execution Costs (Panel Presentation) 1:30 - 2:10 P.M. Types of Pension Plans Trustee Duties & Active vs. Passive Responsibilities Management 2:15 -.2:55 P.M. Ethics for Pension Trustees Disability Procedures Qualified Domestic Relations Order (QDRO) 3:15 - 4:15 P.M. Basic Review Intermediate Review Advanced Review WEDNESDAY 8:30 -10:00 A.M. Basic Program Testing Intermediate Program Testing Advanced Program Testing