Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu

C10D907599401C3687258898005292BA Hearing Summary




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


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.