C10D907599401C3687258898005292BA Hearing Summary CLICS/CLICS2022A/commsumm.nsf PUBLICBILL SUMMARY For PRESENTATION FROM THE FIRE AND POLICE PENSION ASSOCIATION (FPPA)INTERIM COMMITTEE PENSION REVIEW COMMISSIONDate Aug 8, 2022 Location HCR 0112 Presentation from the Fire and Police Pension Association (FPPA) - Committee Discussion Only Attachment Tag File Name Attachment A http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/D344ACEBA949...$File/Attachment A.pdf?OpenElement Attachment A.pdf 09:01:59 AM Senator Kolker called the meeting to order. 09:04:10 AM Mr. Kevin Lindahl, representing Colorado Fire and Police Pension Association (FPPA), provided an overview of FPPA and introduced the other presenters. Their presentation may be found in Attachment A and online here:https://leg.colorado.gov/content/ipensionrevew2022ascheduleandmeetingmaterials 09:06:07 AM Mr. Chip Weule, FPPA Chief Benefit Manager, discussed the the plans administered by the FPPA, plan membership, and breakouts of various plans. 09:11:00 AM Mr. Adam Franklin, FPPA General Counsel, came to the table to discuss the plans' COLA, contribution rates, and funded ratios. 09:15:17 AM In response to committee question, Mr. Franklin discussed how the FPPA Board handles COLA and the limits in statute. 09:17:10 AM Mr. Franklin continued by discussing FPPA's investment program. 09:33:36 AM Mr. Tim O'Donnell and Mr. Lindahl came to the table to answer a committee question about investments and long-term pools. 09:42:23 AM Mr. Weule continued by highlighting FPPA's net performance annual returns since inception and net fund performance relative to market indices. 09:43:23 AM Mr. Dale Martin, representing FPPA, answered a committee question about private equity investments.