CLICS/CLICS2022A/commsumm.nsf
PUBLIC
BILL SUMMARY For PRESENTATION FROM THE FIRE AND POLICE PENSION ASSOCIATION (FPPA)
INTERIM COMMITTEE PENSION REVIEW COMMISSION
Date Aug 8, 2022
Location HCR 0112
Presentation from the Fire and Police Pension Association (FPPA) - Committee Discussion Only
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09:01:59 AM |
Senator Kolker called
the meeting to order.
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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.
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09:11:00 AM |
Mr. Adam Franklin,
FPPA General Counsel, came to the table to discuss the plans' COLA, contribution
rates, and funded ratios.
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09:15:17 AM |
In response to committee
question, Mr. Franklin discussed how the FPPA Board handles COLA and the
limits in statute.
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09:17:10 AM |
Mr. Franklin continued
by discussing FPPA's investment program.
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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.
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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.
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09:43:23 AM |
Mr. Dale Martin,
representing FPPA, answered a committee question about private equity investments.
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