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Home My WebLink AboutDocumentation_Pension Public Safety_Tab 09_11/18/2015 Schedule A Annual Process First, in May/June NCPERS sends out request to Funds asking for input. We ask for name of entity, website, and examples of five point Schedule A criteria below. Second, staff reviews the submissions from Funds. We document the supporting examples and prepare Schedule A entities for the NCPERS Executive Board. Third, NCPERS Executive Board reviews Schedule A. The Executive Board votes to approve at the July Executive Board Meeting. Schedule A criteria: Advocates that public defined benefit plans are unsustainable. Advocates for a defined contribution plan to replace the public defined benefit plan. Advocates for a poorly designed cash balance plan to replace the public defined benefit plan. Advocates for a poorly designed combination plan to replace the public defined benefit plan. Links school performance evaluation to whether it sponsors a defined benefit plan to its teachers/employees. NATIONALCONFERENCEON PUBLICEMPLOYEERETIREMENTSYSTEMS CODEOFCONDUCTFORPUBLICPENSIONSERVICEPROVIDERS Companies,firms,andotherentitiesthatprovideservicesandproductstopublic sectorpensionplansmust: 1.Actinaprofessionalandethicalmanneratalltimesindealingswith publicplanclients. 2.Actforthebenefitofpublicplanclients. 3.Actwithindependenceandobjectivity. 4.Fullydisclosetopublicplanclientsconflictsofinterestthatarisethatmay impairtheabilitytoactindependentlyorobjectively. 5.Actwithreasonablecare,skill,competence,anddiligencewhenengaging inprofessionalactivities. 6.Communicatewithpublicplanclientsinatimelyandaccuratemanner. applicablelaw,rules,andregulationsgoverningyoursector 7.Upholdthe andprofession. 8.Fullydisclosetopublicplanclientsallfeeschargedfortheproductsor servicesprovidedtosaidclient. 9.Notadvocateforthediminishmentofpublicdefinedbenefitplans. 10.FullydiscloseallcontributionsmadetoentitiesenumeratedinScheduleA thatadvocateforthediminishmentofpublicdefinedbenefitplans. CERTIFICATIONOFSERVICEPROVIDER TheundersignedacknowledgesreceiptoftheNCPERSCodeofConductforPublic PensionServiceProvidersandcertifiesthatitagreestoabidebytheprovisionsof theCode. Signed:_________________________________ PrintName:_________________________________ PrintTitle:_________________________________ PrintCompany:_________________________________ Date:_________________________________ Schedule A Annual Process First, in May/June NCPERS sends out request to Funds asking for input. We ask for name of entity, website, and examples of five point Schedule A criteria below. Second, staff reviews the submissions from Funds. We document the supporting examples and prepare Schedule A entities for the NCPERS Executive Board. Third, NCPERS Executive Board reviews Schedule A. The Executive Board votes to approve at the July Executive Board Meeting. Schedule A criteria: Advocates that public defined benefit plans are unsustainable. Advocates for a defined contribution plan to replace the public defined benefit plan. Advocates for a poorly designed cash balance plan to replace the public defined benefit plan. Advocates for a poorly designed combination plan to replace the public defined benefit plan. Links school performance evaluation to whether it sponsors a defined benefit plan to its teachers/employees. Schedule A Annual Process First, in May/June NCPERS sends out request to Funds asking for input. We ask for name of entity, website, and examples of five point Schedule A criteria below. Second, staff reviews the submissions from Funds. We document the supporting examples and prepare Schedule A entities for the NCPERS Executive Board. Third, NCPERS Executive Board reviews Schedule A. The Executive Board votes to approve at the July Executive Board Meeting. Schedule A criteria: Advocates that public defined benefit plans are unsustainable. Advocates for a defined contribution plan to replace the public defined benefit plan. Advocates for a poorly designed cash balance plan to replace the public defined benefit plan. Advocates for a poorly designed combination plan to replace the public defined benefit plan. Links school performance evaluation to whether it sponsors a defined benefit plan to its teachers/employees. ScheduleAtothe NCPERSCodeofConductforPublicPensionServiceProviders TheNationalConferenceofPublicEmployeeRetirementSystems(NCPERS)hasdevelopedanobjectiveprocess todeterminewhetherfoundations,thinktanks,andothernonprofitentitiesengageinideologically,politically, ordonordrivenactivitiestounderminepublicpensions.Theobjectiveprocessincludesevaluatingthese entitiesonthefollowingcriteria: Advocatesoradvancestheclaimthatpublicdefinedbenefitplansareunsustainable. Advocatesforadefinedcontributionplantoreplacethepublicdefinedbenefitplan. Advocatesforapoorlydesignedcashbalanceplantoreplacethepublicdefinedbenefitplan. Advocatesforapoorlydesignedcombinationplantoreplacethepublicdefinedbenefitplan. Linksschoolperformanceevaluationtowhetheritsponsorsadefinedbenefitplantoits teachers/employees. Basedonthecriteriaabove,NCPERShasdeterminedthefollowingfoundations,thinktanks,andother nonprofitentitiesengageinideologically,politically,ordonordrivenactivitiestounderminepublicpensions: AmericanEnterpriseInstitute AmericanLegislativeExchangeCouncil BrookingsInstitution CaliforniaCommonSense CaliforniaPolicyCenter HeritageFoundation HowardJarvisTaxpayersAssociation JessieBallDuPontFund LauraandJohnArnoldFoundation ManhattanInstituteforPolicyResearch MassachusettsTaxpayersFoundation NationalCouncilonTeacherQuality PioneerInstitute RStreetInstitute ReasonFoundation ShowMeInstitute StudentsFirst TaxpayersforSustainablePensions Teacherspensions.org TexasPublicPolicyFoundation ThePewCharitableTrust UnionWatch UrbanInstitute WyomingLibertyGroup ApprovedbyNCPERSExecutiveBoardonJuly11,2015 {ǒŭŭĻƭƷĻķ ƒƚƷźƚƓƭ Ʒƚ ğķƚƦƷ ğƓķ źƒƦƌĻƒĻƓƷ ƷŷĻ b/t9w{ /ƚķĻ ƚŅ /ƚƓķǒĭƷ ŅƚƩ tǒĬƌźĭ tĻƓƭźƚƓ {ĻƩǝźĭĻ tƩƚǝźķĻƩƭʹ aƚƷźƚƓ Њʹ L ƒƚǝĻ ƷŷğƷ ΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗ ΛźƓƭĻƩƷ ƓğƒĻ ƚŅ ƦǒĬƌźĭ ƦĻƓƭźƚƓΜ ğķƚƦƷƭ ƷŷĻ b/t9w{ /ƚķĻ ƚŅ /ƚƓķǒĭƷ ŅƚƩ tǒĬƌźĭ tĻƓƭźƚƓ {ĻƩǝźĭĻ tƩƚǝźķĻƩƭ ğƓķ ğƭƉƭ ƚǒƩ ĭǒƩƩĻƓƷ ƦƩƚǝźķĻƩƭ Ʒƚ ĻƓķƚƩƭĻ ƷŷĻ /ƚķĻ ƚŅ /ƚƓķǒĭƷ͵ Λ{ĻƩǝźĭĻ ƦƩƚǝźķĻƩƭ ĭğƓ ƭĻƓķ ƷŷĻ ĻƓķƚƩƭĻķ /ƚķĻ ƚŅ /ƚƓķǒĭƷ Ʒƚ b/t9w{ ĬǤ Ļƒğźƌ Ʒƚ ĭƚķĻƚŅĭƚƓķǒĭƷθb/t9w{͵ƚƩŭͲ Ņğǣ Ʒƚ ЋЉЋΏЏЋЍΏЊЍЌВͲ ƚƩ ƒğźƌ Ʒƚ b/t9w{Ͳ ЍЍЍ b͵ /ğƦźƷƚƌ {Ʒ͵Ͳ bͲ {ǒźƷĻ ЏЌЉͲ ğƭŷźƓŭƷƚƓͲ 5/ ЋЉЉЉЊΜ aƚƷźƚƓ Ћʹ L ƒƚǝĻ ƷŷğƷ ΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗ ΛźƓƭĻƩƷ ƓğƒĻ ƚŅ ƦǒĬƌźĭ ƦĻƓƭźƚƓΜ źƓĭƚƩƦƚƩğƷĻƭ ƷŷĻ b/t9w{ /ƚķĻ ƚŅ /ƚƓķǒĭƷ ŅƚƩ tǒĬƌźĭ tĻƓƭźƚƓ {ĻƩǝźĭĻ tƩƚǝźķĻƩƭ ğƭ ƦğƩƷ ƚŅ ƚǒƩ ƭĻƩǝźĭĻ ƦƩƚǝźķĻƩ ƭĻğƩĭŷĻƭΉƩĻƨǒĻƭƷ ŅƚƩ ƦƩƚƦƚƭğƌƭ ΛwCtΜ ƦƩƚĭĻƭƭ͵ Λ{ĻƩǝźĭĻ ƦƩƚǝźķĻƩƭ ĭğƓ ƭĻƓķ ƷŷĻ ĻƓķƚƩƭĻķ /ƚķĻ ƚŅ /ƚƓķǒĭƷ Ʒƚ b/t9w{ ĬǤ Ļƒğźƌ Ʒƚ ĭƚķĻƚŅĭƚƓķǒĭƷθb/t9w{͵ƚƩŭͲ Ņğǣ Ʒƚ ЋЉЋΏЏЋЍΏЊЍЌВͲ ƚƩ ƒğźƌ Ʒƚ b/t9w{Ͳ ЍЍЍ b͵ /ğƦźƷƚƌ {Ʒ͵Ͳ bͲ {ǒźƷĻ ЏЌЉͲ ğƭŷźƓŭƷƚƓͲ 5/ ЋЉЉЉЊΜ aƚƷźƚƓ Ќʹ L ƒƚǝĻ ƷŷğƷ ΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗΗ ΛźƓƭĻƩƷ ƓğƒĻ ƚŅ ƦǒĬƌźĭ ƦĻƓƭźƚƓΜ ƓƚƷźŅźĻƭ b/t9w{ ƚŅ ƚǒƩ ķĻĭźƭźƚƓ Ʒƚ ğķƚƦƷ ƷŷĻ b/t9w{ /ƚķĻ ƚŅ /ƚƓķǒĭƷ ŅƚƩ tǒĬƌźĭ tĻƓƭźƚƓ {ĻƩǝźĭĻ tƩƚǝźķĻƩƭ͵ ΛtǒĬƌźĭ ƦĻƓƭźƚƓƭ ĭğƓ ƓƚƷźŅǤ b/t9w{ ĬǤ Ļƒğźƌ Ʒƚ ĭƚķĻƚŅĭƚƓķǒĭƷθb/t9w{͵ƚƩŭͲ Ņğǣ Ʒƚ ЋЉЋΏЏЋЍΏЊЍЌВͲ ƚƩ ƒğźƌ Ʒƚ b/t9w{Ͳ ЍЍЍ b͵ /ğƦźƷƚƌ {Ʒ͵Ͳ bͲ {ǒźƷĻ ЏЌЉͲ ğƭŷźƓŭƷƚƓͲ 5/ ЋЉЉЉЊΜ Kerry Dutton From: Pat Holt <bsjteam@robertdklausner.com> Sent: Wednesday, October 14, 2015 4:08 PM To: Bonni Jensen Cc: BSJ Team Subject: NCPERS Code of Conduct & Schedule A Packet Follow Up Flag: Follow up Flag Status: Flagged Trustees and Administrators: Included herein you will find correspondence from Hank Kim introducing the NCPERS Code of Conduct packet for consideration by public retirement systems. Our firm recommends that all public pension funds review and consider adopting the Code of Conduct. If adopted, the Code would be sent to all of your service providers to help identify conflicts of interest. We ask that you place the NCPERS Code of Conduct on one of your upcoming meeting agendas for discussion. KLAUSNER, KAUFMAN, JENSEN & LEVINSON � 7080 N.W. 4 STREET PLANTATION, FLORIDA 33317 Telephone: (954) 916-1202 www.robertdklausner.com X NCPERS September 16, 2015 Dear Public Pension Officials: The National Conference on Public Employee Retirement Systems (NCPERS) recommends that all public pensions 1) adopt the enclosed Code of Conduct for Public Pension Service Providers, 2) ask your service providers to endorse the Code of Conduct, and 3) let us know when your plan has adopted the Code of Conduct and your service providers have endorsed the Code of Conduct. The NCPERS Code of Conduct for Public Pension Service Providers identifies 10 1 principles for service providers. Pension plan fiduciaries are obligated to make prudent, informed decisions about plan services, with an eye at all times on discouraging conflicts of interest. NCPERS created this code of conduct to help fiduciaries and managers articulate strong, consistent ethical expectations for service providers across the board. The accompanying packet includes: 1. The NCPERS Code of Conduct for Public Pension Service Providers 2. The 2015 Schedule A which lists foundations, think tanks, and other nonprofit entities that engage in ideologically, politically, or donor driven activities to undermine public pensions 3. A description of the annual process to determine Schedule A 4. A fiduciary memo 5. Model motions that public pension boards can use to adopt the Code of Conduct This packet is provided so that the adoption and implementation of the Code of Conduct is simple and easy because we need ALL public pensions, regardless of whether you're an NCPERS member or not, to get behind this effort. Without your participation we have little chance to ensure that service providers are free of conflicts and are acting in the best interest of your plan and its participants. As always please contact us at info@NCPERS.orQ or 202-624-1456 if you have any questions or comments. Sincerely, � ._�__ __.W_.�_ Hank Kim, Esq. Executive Director & Counsel Enclosures: NCPERS Code of Conduct for Public Pension Service Providers Schedule A Schedule A Annual Process Fiduciarv Memo Model Motions 2 � ' �,_ NCPERS ( 444 North Capitol Street NW � Suite 630 � Washington'� DC � 20001 3