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"What is Your Pension Plan Doing to Educate Trustees?" was presented in Phila on Wednesday, September 19, 2012 for the PA Association of Public Employee Retirement Systems where I described the principles of engagement for attendees to take it back to their plans and begin to build high performance boards. The takeaway is, “engage your trustees and you won’t be able to contain their energy to learn and act.” Attched is my Powerpoint.
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Timothy H. JohnsonTimothy H. JohnsonAllegheny County Director of Administrative Services
and former Retirement Board Trustee
“The degree to which human energy is used to achieve a clearly defined set of goals.”ac e e a clea ly def ed set of goals
Excerpted from “The Power of Full Engagement”Excerpted from “The Power of Full Engagement”By Dr. Jim By Dr. Jim LoehrLoehryy
Consequences of DisengagementConsequences of Disengagement
Self AssessmentSelf Assessment
Answer these 10 questions…
1) Number of employees and retirees
6) Funding ratio 7) Return Assumption
2) Contribution rate3) Final Pay Formula
8) Asset Allocation Targets
4) Requirement for full pension benefit
9) Number of investment managers
5) Market Value of Assets 10) Names of consultants
Excerpted from “The Power of Full Engagement”Excerpted from “The Power of Full Engagement”By Dr. Jim By Dr. Jim LoehrLoehr
Excerpted from “The Power of Story”Excerpted from “The Power of Story”By Dr. Jim By Dr. Jim LoehrLoehr
l hAccomplishments
Consultant HiresIncreased Contribution Rate
kTargeted BrokerageAlternative Investment StrategyEmerging and Minority Manger ProgramsEmerging and Minority Manger ProgramsPublic Pension Summit Pension Preservation Legislationo o g o
“All driven by engaged Trustees!” y g g
TakeawayThe Engagement Formula
Consequences of DisengagementSelf Assessment
“Requisite” Trainingi d h “ d”Find the “Reward”
Support Positive “Rituals”
“Engage your trustees and you won’t be able to contain their energy to learn and act!”contain their energy to learn and act!
Questions for CPE credit:Questions for CPE credit:Select the correct engagement formula:
a) Reason + Requisite + Reward + Resources + Ritual = Engagementb) Reason + Requisite + Representation + Resources + Ritual = Engagementc) Reason + References + Reward + Resources + Ritual = Engagement)d) Reason + Requisite + Reward + Return + Ritual = Engagement
A Trustee without requisite skills or training experiences ______.
a) Confusion c) Anxietyb) Anger d) Doesn’t matter
New trustees should understand everything except:
a) Market Value of Assets d) Return Assumption ) ) pb) Funding Ratio e) Asset Allocation Targets c) DJIA 52 week low
