We’re pleased to announce that we earned the Public Pension Coordinating Council (PPCC) 2023 Public Pension Standards Award for Funding and Administration in recognition of meeting professional standards for plan design and administration and funding. We’ve received the PPCC Standards Program Award for the Administration Standard and the Funding Standard each year since 2015.
The PPCC is a coalition of three national associations—the National Association of State Retirement Administrators (NASRA), the National Council on Teacher Retirement (NCTR), and the National Conference on Public Employee Retirement Systems (NCPERS). Together, these groups represent more than 500 of the largest public pension plans in the U.S.
The PPCC Public Pension Standards Program was developed to reflect minimum expectations for public retirement system management and administration, as well as serve as a benchmark by which all defined benefit public plans should be measured. The program maintains the tradition of recognizing excellence in two distinct categories: the Administrative Standard and the Funding Standard. Public pension plans that meet the criteria for either of these standards receive a Recognition Certificate. Those that excel in both categories are recognized with the prestigious Public Pension Coordinating Council Standards Award.
In 2022, the PPCC awarded 112 public pensions with the PPCC Standards Award for demonstrating exemplary plan design, funding, member communications, and administrative practices. Additionally, 11 systems were recognized for meeting Administrative Standards, and 9 systems were commended for achieving Funding Standards.