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Home My WebLink AboutDocumentation_Pension Public Safety_Tab 15C_08/11/2005`` ASSOCIATION TRUSTEES PENSION w PUBLIC /~~ FLORIDA _ j ~% /~~ C,~`~ . ~q ~S "~(~ oFC ~,~~ FPPTA Upcoming Events ~9~-s h Trustees School October 2 - 5, 2005 T' World Golf Village 904-940-8000 St. Au ustine Trustees School January 29 -February 1, 2006 Sawgrass Marriott 800-457-GOLF Ponte Vedra Beach Conference June 25 - 28, 2006 Wyndham Palace Lake Buena Vista Orlando Trustees School October 8 - 11, 2006 Tradewinds Resort 800-808-9833 Trustees School February 25 - 28, 2007 St. Petersburg Amelia Island Plantation 800-874-6878 Fernandina Beach Conference June 24 - 27, 2007 Registry Resort 800-247-9810 Naples Trustees School October 7 - 10, 2007 PGA National 800-633-9150 Palm Beach Gardens Rvv;cP.i RPh,,,~.-., ~nnc FPPTA 2946 Wellington Circle East, Suite A Tallahassee, Fl 32309 800-842-4064 Fax 850-668-8514 www.f~ ta.org fppta ,f~ ta.org Loisna,f~ ta.org Kim ,fgpta.o~ -~ `z7 THE RENAISSANCE RESORT AT WORLD GOLF VILLAGE GROUP RESERYATIONFORM 500 S. Legacy Trail, StAugustine, FL 32092 Phone (904) 940-8000 ~ Fax (904) 940-8008 ~ Reservation Department toll free 1-888-740-7020 for Florida Public Pension Trustees Association (FPPTA) Friday, September 30, 2005 -Wednesday, October 5, 2005 ROOM RATE.• $139.00 + TX pet room ONEFORMFOR EACHINI~TVT7)TIAT. RnnM R~c~~rre ~rrn~.. NAME OF GUEST(S) DATE OFARRIYAL / / DATE OFDEPARTURE / / #~` OF PEOPLE GUARANTEE TO CREDIT CARD EXP COMPANY ADDRESS PHONE NUMBER FAX NUMBER CANCELLATIONPOLICY.• 72 HOURS PRIOR TO DATE OFARRIVAL PLEASE FAX TO 904-940-8008 ATTENTIONRESERYATIONS SPECIAL REQUESTS- Please circle your request.' SMOKING or NON-SMOKING KING SIZE or 2 DO UBLE BEDS OTHER REQUESTS: (To be completed by reservation agent) CONFIRMATION # ENTERED BY DATE Phoned Faxed Avis 12ent ,A Gar Sy~truyrr, Inr . AViF.. VP.E ~RUh'bT~bl'if t7 BnF E=r1,~iBC1 Tuba-a, rJklt9~amd TgtFb.6360 TI•ustaes School October 02, 200 to October O5, 200 St _-lugustine, FL T=~ 18 299 CSR CUSS C:1R C.ROIrP D:~IL1' 11"EEI:L1' 11'EEKEND Sub Compact _-~ 29.99 120.99 28.99 Compact B 31.99 120.99 29.99 Intermediate C 32.99 157.99 31.99 Full Size 2 Door D 35.99 162.99 31.99 Full Size ~ Door E 37.99 179.99 35.99 Premium G ~~.99 211.99 ~a.99 1ltini 1'an F ~}~.99 29.99 X9.99 Cony°ertible K 52.99 29.99 X9.99 Sport Ptilit~ 11~ 52.99 29.99 X9.99 Lu~ur}' Ii 60.99 298.99 60.99 • The above rate; are guaruitaed. all rates include unlimited fi~ae mileage. ~~~"eakand daily' rates are available h~om no~~n Thursday - Monday' at 1 1: ~9 P.7yI. (vehicle nnist be checked out by 3:~lti PI`I Sunda~• i. • Rate, available from September ~~. 2iit1; to ~ October L_ ?~lti;. • Should a loner qualifpinh rate become atailable at the time of booking, ~t'is is pleased to offer a 5"/o discount off the lo~~~er qualif}ping rate or the meetinti rate, ~i•hiche~•er is lo~ti~est. Tha attendee nnist use tlra assigned Maetirg Avis Discount Number and meet Avis rate requi~emants to receive the discount. (Rate discount, are a~~ailable at all corporate anil pa~ticipatuig licensee locations.l • Seven fine day certificates tier aver~~ ~~~ rentals uil~ the Meeting .wis Discount Number will be provided. The tree day certificates -are valid for compact through -l-door frill -size cars. • Rate. do not include an~• state or local surcharges, tax, optional cor,•ara~es or has refualiig charge;. Ranter nnist meat a4 is' age. driver, and credit requirements. • Reservations can be made b~• calling 1-R~i~l_331-1(iui or online at 4vwvv.aG•is.com. F P P T A Trustees School October 2 - 5, 2005 World Golf Village Renaissance Resort 904-940-8000 www.worldgolfrenaissance.com Room Rate: $139 Registration Fee: Active Members: $400 Pension Trustees and Administrators Associate Members: $550 Service Providers Registration Fee Includes: Welcome Gathering Educational Sessions Continental Breakfast Morning Refreshment Break Afternoon Refreshment Break Plated Lunch Sunday Monday, Tuesday, Wednesday Monday, Tuesday, Wednesday Monday, Tuesday, Wednesday Monday, Tuesday Monday, Tuesday Please use one registration form per person Name: CPPT: Yes Company or Pension Board: Address: City: State: Zip: Phone: Do you require special auxiliary services? Method of Payment: Check enclosed Master Card American Express Account Number: Check to follow: ASSOCIATION TRUSTEES PENSION PuaLlc FLORIDA +~./ No Visa Expiration Date: Mail or Fax to: FPPTA, 2946 Wellington Circle East, Suite A, Tallahassee, Fl 32309 Fax: 850-668-8514 CPPT Program: If you are registered to be in the CPPT Program what course will you be attending? Basic Intermediate Advanced Refund Policy: There will be a $50 charge for each approved refund. We do not credit, credit cards. Refunds will be in the form of a check. We do not give credit for unused registration fees. Please use your cancelled check or credit card statement as a receipt. Please use the following website link to view the resort. I I www.worldgolfrenaissance.com T.:~.1GtlS7'~~, ~LC~~til~~ FPPTA Trustees School Program Agenda October 2 - 5, 2005 World Golf Village, St. Augustine, Florida 904-940-8000 ` wvvw.worldgolfrenaissance.com Saturday October 1, 2005 Board of Directors Meeting 4:00 p.m. in the Troon .Sunday October 2, 2005 Board of Directors Meeting 9:00 a.m. in the Troon- Orientation for New Members. 3:00 p.m. in the Wentworth Registration 4:00 p.m. to 5:00 p.m. In the Conference Center/Registration Desk Welcome Gathering 5:00 p.m. to 7:30 p.m. in the Hall of Fame Program Agenda Monday, October 3, 2005 7:00 a.m. Registration at the Registration Desk -Pre-Function Area 7:00 a.m. Continental Breakfast- Pre-Function Area AssocunoN TRUSTEES PENSION PueLlc FLORIDA ~,. trite Session I ~ Session II Session I i ~, Basiic '~`~ ~ •t Intermediate a ~,~ Adv~~i ~ ', •; ~ ~inR ~ I - . ~':~e~ds I _ ~~ ~"sends I 8:00 - Introduction Introduction Introduction 8:15 a.m. Ga Clark Mike S encer Grant McMur 8:20 - Wall Street, The Fed and Economics of Investing Investment Definitions & 9:00 a.m. Others Benchmarks .Bob Morris 1 Mike S encer 20 Michael Welker 40 9:05 - Basic Duties & Selecting a Money The Underperforming 9:45 a.m. Responsibilities of Manager Manager Trustees Steve Palm uist 2 Charlie Mulfin er 21 John Reifsnider 41 9:50 - Overview of Florida Law Developing & Active Fixed Income 10:30a.m. 112- 175 - 185 Implementing an Strategies Investment Policy Attorney - Ron Cohen 3 Geor e Lin 22 Dan Ludwi 42 10:30, - 10:5 0:a.m.',Morni~n ;Refreshment Break,in Pre-Function Aria ~.~ 10:50 - Meeting Protocol Market Cap/Style Cycles Using Hedging Strategies 11:30 a.m. Steve Aspinall Pete Prior 4 Kevin Leonard 23 Andrew Balo h 43 11:30 - Introduction to Stocks Drop Plans Market Sectors 12:15 p.m. Attorney- Chris I/on Bar en 5 Ron Cohen 24 Richard Wells 44 12:5 -1 45 p.m., Break for Lunch in St, Augustine 'C/D -Plated Lunci~ Provided '. •- _ , , ~. i~:15 ~ni. ~~ vise Boaii~d Meetin '~n't#~~~Troon ~...-: , , 1:45 - Introduction to Bonds Active vs. Passive Disability Panel Discussion 2:25 p.m. Ed Ek Steve Aspinall - Howard Bos 6 Nick Whitcratt 25 Moderator 2:30 - Asset Allocation International Investment Attorneys, Administrators, 3:10 p.m. Options Trustees, Medical Expert 45 Tim Nash 7 Paul De Leon 26 3:10,- 3:30 _:.m: A~teirnoon Refreshm ent Break in -.Pre-Function Area 3:30 - Benchmarking Investment Impact on Costing of Benefits 4:10 p.m. Fundamentals Your Actuarial Valuation Enhancements Mike Spencer 8 Ira Summer 27 Chad Little 46 •4:00 p.m. to 12:00 a.m. Hospitality Room and Study Hall - St. Augustine F/G Pizza and Beverages provided. Pizza will be ordered for 7:00 p.m. Tentative Agenda Continuing Education Classes ASSOCIATION TRVSTEEs PENSION PUBLIC Program Agenda FLORIDA Monday, October 3, 2005 7:00 a.m. Registration at the Registration Desk -Pre-Function Area ~-'~ 7:00 a.m. Continental Breakfast- Pre-Function Area Time CEU Classes Peter Hapgood Session N Steve Corbet . St. Augustine E Stev~'Chase 8:00 - 8:15 a.m. Program Introduction Peter Hapgood 8:20 - 9:45 a.m. FPPTA Actuarial Panel Chad Litt/e -Public Pension Professionals Brad Armstrong - Gabrie% Roeder, Smith Graham Schmidt - EFI Actuaries 60 9:50 - 10:30 a.m. TBA Randy Fried/ander -Morgan Stanley 61 1x:30 -10:50 a.m. Nwo rnin Refreshment Break in Pre-Function Area 10:50 - 12:15 p.m. FPPTA Investment Panel Terri Baldwin -Denver Investments Geoff Crumrine - OFI Institutional Dean McQuiddy - Sawgrass Asset Management Tom Capobianco -Independence Investments 62 12:15 -1:45 p.m. Break for Lunch in St. Augustine C/D -Plated Lunch Provided -12:15 .m:'Adviso Board Meetin in Traam 1:45 - 2:25 p.m. Handling the Media for the Pension Trustee & Administrator Monique Doyle Spencer 63 2:30 - 4:00 p.m. FPPTA Consultant Panel David Lee - Dahab Associates 3:10 - 3:30 p.m. Grant Kalson -Kalson & Associates Afternoon Refreshment David West -Burgess Chambers Associates Break Patrick Cox -Consulting Services Group Joe Bogdahn -Bogdahn Consulting Bill Tremko - UBS Financial Services 64 •4:00 p.m. to 12:00 a.m. Hospitality Room and Study Hall - St. Augustine F/G Pizza and Beverages provided. Pizza will be ordered for 7:00 p.m. Tentative Agenda Continuing Education Classes AssoclAnoN TRUSTEES PENSION PuEUc Program Agenda F~oRIDA Tuesday, October 4, 2005 7:00 a.m. Registration at the Registration Desk -Pre-Function Area ''"~ 7:00 a.m. Continental Breakfast- Pre-Function Area ~Time~ ~ , ~k ~_ ~,~~ ~~~ ~ ~ ' F .~ ~. ~~~ ~ -~ 4 ~ ~ ~ CE,l.~s sses~ `~: ~'~~ . S ~~T11 ~~' ~~ ~ ~'~ ~a ~~~ ` ood ~~~ ~~ te~~~et ~ :, f y~ , °~ ~ ~ , . ,. . ' x - St ,~g~is~ine Er} ~~h~`e~ ~has v~. e 8:00 - 8:40 a.m. New SEC Fiduciary Ruling Richard Campbell -Dover Consulting 65 8:45 - 9:25 a.m. TBA 66 9:30 - 10:10 a.m. Fundamental Principles of Institutional Real Estate Stan Izeman -American Realty Advisors 67 10:10.- iQ30 a.m. Mo rnin Refreshment.Break in Pre=Function Area 10:30 - 11:10 a.m. Corporate Disclosure Michael Callaway -Merrill Lynch Consulting Services 68 11:10 - 11:55 a.m. Institutional Corporate Governance Program Joseph White, Ill - Mi/berg Weiss Bershad & Schu/man 69 11:55,,-1:30 p.m. Break f orLunch in St. Augurst,ne C/D - PTated Lunch Provided' 1ib5 a.m.`° Education Co mmittee M`;etin in Ti•oon - - 1:30 - 2:30 p.m. Conflicts of Interest Involving Board Service Providers Steve Cypen -Cypen &Cypen 70 2:30 - 3:10 p.m. Health Insurance & Health Supplements Bonnie Jensen -Hanson, Perry & Jensen 71 •4:00 p.m. to 12:00 a.m. Hospitality Room and Study Hall - St. Augustine F/G Pizza and Beverages provided. Pizza will be ordered for 7:00 p.m. Program Agenda Tuesday, October 4, 2005 7:00 a.m. Registration at the Registration Desk -Pre-Function Area i:00 a.m. Continental Breakfast- Pre-Function Area ASSOCIATION TRUSrEEs PENSION PueLlc FLORIDA ,_~ Time Session I Session II Session TII Basic intermediate Advanced Le ends I !e ends II L ends III 8:00 - Pension Fundamentals The Bond Market Risk Management 8:40 a.m. Panel Discussion PatKe// 28 L~r Co% 47 8:45 - Moderator-Gary C/ark Stock Investing Military Entitlements 9:25 a. m . Bart McMurry Made%ne Klein Attorney- Grant Kalson Jason Brandt 29 Ken Harrison 48 9:30 - Ira Summer 9 Portfolio Diversification & Performance Reporting 10:10 a.m. Rebalancing Jefi`Swanson 30 Rand Kirkland 49 10:10 -10: 30 a.m. Mornin Refreshment Break in the Pre-Function Area 10:30 - Types of Pension Plans Portfolio Review Case Fixed Income Alternatives 11:10 a.m. Study *Real Estate BradArmstron 10 Panel Presentation *High Yield Bonds 11:15 - Financial News Resources Moderator -Steve Chase *Global Bonds 11:55 a . m. Jeff Swanson Mike Spencer Richard Cohen Ma Sweene 11 Bart McMurry 31 JoAnn Stoddard 50 11:55 -1:30 p.m. Break for' Lunch in the St. Augustine C/D -Plated Lunch `Provided 11:55 a.m. Education Committee Meeting in the Troon 1:30 - Fiduciary Homework Execution Costs Equity Analysis/Growth- 2:10 p.m. A Trustee's View Value Dennis Ho% -Trustee Ft. Lauderda/e F&P 12 Richard Dixon 32 David Macey 2:15 - Ethics For Pension Disability Procedures Catherine Woodruff 51 2:55 p.m. Trustees Attorney - Attorney - Ken Harrison 13 Bob Su arman 33 2:55 - 3:15 p.m. Afternoon Refreshment Break in Pre-Function Area 3:15 - Basic Review Intermediate Review Advanced Review 4:15 p.m. Gary Clark, Pete Prior, Mike Spencer, Grant McMurry, Dennis Hote Jeff Swanson, Jack Farland George Farrell, Steve As inall, Richard Wells •4:00 p.m. to 12:00 a.m. Hospitality Room and Study Hall - St. Augustine F/G Pizza and Beverages provided. Pizza will be ordered for 7:00 p.m. Program Agenda Wednesday, October 5, 2005 7:00 a.m. Continental Breakfast in the Pre-Function Area E~ssocunoN TRUSreEs PENSION PUBLIC FLOnmA ~ ~~ _ : ~ =~ ;session I .~~ ~- ~essiQn~~Z ~ ~I r~~. ~ess~~t~ 7~~ ~~ ~ ,~ ',~:r. ~, s`T. ~ ~', .~~, _ L= .ends s - . ~~ j~ ~ J`~'sti~te'~` 8:00 - Tax Implications Public Records Basic Exam 8:40 a.m. .Attorney - Attorney - Intermediate Exam Kell Bosecker Michae/Stebbins Advanced Exam 8:45 - Chapter 112 Chapter 175 - 9:25 a.m. Attorney- 185 Updates Matt Mierzwa Attorney - Lee Dehner 9:30 - State & National Case Law Qualified Domestic Orders 10:10 a.m. Attorneys- Attorney- Patricia Fournier Notification of CPPT test Adam Levinson Lee Dehner results will be mailed out by October 21, 2005 30 30=;1(~:~0 am. Mornring Refreshment Break in the' Pre- ~uncti~n'~Area~~ = ` ~ ~ - ~ 10:30 - Attorneys Round Table 12:OOp.m. Moderator.• Ken Harrison Attorneys - Kelly Bosecker, Steve Cypen, Lee Dehner, Adam Levinson, Matt Mierzwa, Michae/ Stebbins This will end our educational session. FPPTA 2946 Wellington Circle East, Suite A Tallahassee, FI 32309 800-842-4064 Fax 850-668-8514 www.fppta.org Email- fppta@fppta.org, Ray@fppta.org, Lois@fppta.org, Kim@fppta.org AN FPPTA CERTIFICATION PROGRAM FOR PUBLIC PENSION PLANS Certified Public 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 @fppta. org Web site: www. fppta. org ~~as~,~,,~r,~~~ TRlIS1FF1 Pevsrorv P~,~~ ~~ Fineinn~ Pension ~~T~As~~~~~~„~ P~laoNTEes P~a~~~ F~.,a~o„~ AN FPPTA CERTIFICATION PROGRAM FOR PUBLIC PENSION PLAN TRUSTEES 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. 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 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 ASSOCIATION Florida Public Pension Trustees Association TRUSTEES PENSION 2946 Wellington Circle East P"BL" Suite A FLORIDA Tallahassee, FL 32309 ,~, 800-842-4064 850-668-8552 Fax850-668-8514 E-mail fppta@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 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 Testi ng: 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. S ASSOCIATION TRUSrres PEYSWN PUBLIC FLORIDA -~~A55<,~ ~Ar~~N PtTR~vTr~;S Pueuc Fi.oRioA \ 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 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 & Legislative Action 3:30 - 4:10 P.M. Benchmark Fundamentals Custodial Responsibilities 8 Costing of Benefits Proxy Voting Enhancements TUESDAY 8 - 8:40 A.M. The Bond Market Risk Management Pension Fundamentals 8:45 - 9:25 A.M. (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