Note: Part II courses can be taken before Part I courses.
Part I
Day One
Governance
-
Role and purpose of public pension plans
-
Governing documents
-
Duties and responsibilities of fiduciaries
-
Overview of strategic planning process
-
Ethical decision making
- Establishing best practices
Legal Environment
- Fiduciary liability
- ERISA applicability
- Litigation
- Legal representation
Day Two
Legislative/Regulatory Developments
- Impact of federal and state legislation
- Overview of applicable state and local laws
- Integrating legislation and regulations into the strategic planning process
Actuarial Principles
- Role and function of actuaries
- Funding policy/methods
- Basic methods and assumptions
- Asset valuation methods
- Accounting for pension plan liabilities and expenses
- Experience investigations
- Actuarial reviews/audits
|
Part II
Day One
Plan Design
- Identifying member groups, their expectations and employer needs
- Trends in defined benefit and defined contribution plans
- Structure of alternative plan designs
- Funding options
- Legislative landscape
Investments
- Setting goals and objectives: developing an investment policy
- Asset allocation strategies
- Asset classes
- Selecting and monitoring investment performance
- Components of an investment report
Day Two
Administrative Strategies
- Identifying and satisfying customer expectations
- Staff competencies and training
- Reporting procedures and data dissemination
- Integrating advanced technology
- Fiduciary and financial audits
- Developing a communication and education strategy
Emerging Issues
- Overview of workforce demographics
- Strategic choices and methodologies
- Hot topics
|