Chapter 32 Wiki

PERAC Memo #6 - 2017: Mandatory Retirement Board Member Training – 1st Quarter 2017

Mandatory Retirement Board Member Training – 1st Quarter 2017

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Summary

This memo lists 1st quarter 2017 mandatory training opportunities for retirement board members to fulfill their annual education requirement under Chapter 32. PERAC-sponsored sessions cover the Annual Statement and the Grimes case at locations in Somerville, Taunton, Springfield, Middlesex, Danvers, and Worcester. Pre-approved credits are also available through State Ethics Commission seminars, Open Meeting Law webinars, and national organizations including NCPERS, NCTR, and the CFA Institute.

Full Text

M E M O R A N D U M

TO: All Retirement Boards

FROM: Joseph E. Connarton, Executive Director

RE: Mandatory Retirement Board Member Training – 1st Quarter 2017

DATE: January 13, 2017

As you know, Chapter 32 mandates that retirement board members complete training during each year of service on the retirement board. Failure to meet this mandatory requirement will prohibit the member from serving beyond the conclusion of the term for which the training requirement was not met.

Retirement board members are reminded of the requirement to meet the statutory education mandate. As we enter the fifth year of this program it must be noted that, unfortunately, several retirement board members have become ineligible for membership on retirement boards due to failure to fulfill the education mandate.

Upcoming events and locations include:

Date | Topic | Location | Registration Info January 31, 2017 | PERAC's Annual Statement | PERAC's Somerville Office | Email Rose Morrison February 2, 2017 | PERAC's Annual Statement | Taunton Public Library | Email Rose Morrison February 9, 2017 | Grimes and Other Cases | PERAC's Somerville Office | Email Rose Morrison February 15, 2017| PERAC's Annual Statement | Springfield Retirement Board | Email Rose Morrison March 9, 2017 | PERAC's Annual Statement | Middlesex Retirement Board | Email Rose Morrison March 15, 2017 | Grimes and Other Cases | Danvers Town Hall | Email Rose Morrison March 23, 2017 | Grimes and Other Cases | Worcester Public Library | Email Rose Morrison

Webinars and On-Line Training:

Topic | Registration Info State Ethics Conflict of Interest Law | www.mass.gov/ethics/ Open Meeting Law | OMLTraining@state.ma.us National Crime Prevention Webinar | www.ncpc.org Ethical Decision Making for Pension Plan Trustees | https://www.cfainstitute.org/

Pre-Approval

The Commission is willing to approve educational credits for a variety of events sponsored by local, state, regional and national organizations recognized by the Commission as having expertise in retirement issues of importance to retirement board members. Approval for such credit must take place well in advance of the date of the event.

The Commission will grant credits for the following:

  1. NCPERS (TEDS) – 3 Credits;
  2. NCPERS (PATS) – 3 Credits;
  3. NCTR Trustee Workshop – 3 Credits;
  4. NCTR Annual Conference – 3 Credits;
  5. International Foundation of Employee Benefit Plans (IFB) New Trustee Institute/Advanced Trustees Institute - 3 Credits;
  6. PRIM Investors' Conference – 3 Credits;
  7. Ethics Training MA Town Clerks Association – 3 Credits;
  8. Open Meeting Law – MA Association of School Committees – 3 Credits;
  9. City/Town Sponsored Conflict of Interest Training – 3 Credits;
  10. City/Town Sponsored Open Meeting Law Training – 3 Credits;
  11. National Pension Education Association – 3 Credits;
  12. NCPERS Legislative Conference (DC) – 3 Credits;
  13. NASRO – 3 Credits;
  14. GFOA – 3 Credits;
  15. NCPRS 2017 Public Pension Funding Program – 3 Credits; and,
  16. American Society of Pension Professionals and Actuaries (ASPPA) Annual Conference – 3 Credits

Non-PERAC; Non-MACRS Events

PERAC will award credit for attendance at the following educational events sponsored by entities other than the Commission and MACRS:

State Ethics Commission Seminars (Three Credits):

The Commission will grant three (3) credits to retirement board members who complete a Public Education Seminar on the Conflict of Interest Law conducted by the State Ethics Commission. Credit will be granted upon receipt by the Commission of a copy of the Certificate of Attendance.

The State Ethics Commission will be conducting educational seminars throughout 2017 at its offices in Boston at One Ashburton Place, Room 619. Present offerings include:

Thursday, February 2, 2017 at 10:00 a.m. Thursday, March 23, 2017 at 10:00 a.m.

Space is limited. To attend a seminar, please call 617-371-9505 to register. The Ethics Commission also offers webinar attendance; call 617-371-9500 to register.

The Commission would be remiss if we did not thank all the rank and file members of the retirement boards who, in spite of other pressing duties, are making a good faith effort to fulfill their duties and responsibilities.