Date: | 04/01/2022 |
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Referenced Sources: | PERAC Website |
PERAC Memo #11, 2022
Date: | 04/01/2022 |
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Referenced Sources: | PERAC Website |
PERAC Memo #11, 2022
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M E M O R A N D U M
TO: All Retirement Boards
FROM: John W. Parsons, Esq., Executive Director
RE: Mandatory Retirement Board Member Training – 2nd Quarter 2022
DATE: April 1, 2022
Chapter 32 mandates retirement board members to complete training during each year of service on the retirement board. This requirement has two elements: 18 credits over the course of the member’s term and at least 3 credits in each year of the term. Failure to meet either of these statutory standards will prohibit the member from serving beyond the conclusion of the term for which the training requirement was not met. We urge board members to utilize the full array of training choices in order to remain eligible to serve. All classes, webinars, seminars, and conferences listed will earn three credits each, unless otherwise noted.
Ways to receive your credits:
The Commission appreciates all the retirement board members who are making a good faith effort to fulfill their duties and responsibilities despite the challenges of this prolonged pandemic. With the easing of restrictions and following official health and safety guidelines, we are considering in-person sessions later this year, including the return of the Emerging Issues Forum.
I. Training Schedule Dates (pre-registration is required)
Date |
Topic/Organization |
Location / Registration Information |
April 4 |
Open Meeting Law |
Webinar |
12:30 p.m. |
AGO |
https://tinyurl.com/AGO-0404 |
April 12 |
Procuring Legal Services |
Webinar |
10:00 a.m. |
MCPPO ($29.00) |
https://tinyurl.com/mcppo-412 |
April 19 |
Open Meeting Law |
Webinar |
12:30 p.m. |
AGO |
https://tinyurl.com/AGO-0419 |
May 5 |
Open Meeting Law |
Webinar |
9:30 a.m. |
AGO |
https://tinyurl.com/AGO-0505 |
May 12 |
Public Sector Ethics |
Webinar |
10:00 a.m. |
PERAC/Inspector General |
https://tinyurl.com/IGO-0512 |
May 18 |
How to Detect Fraud in Financial Statements |
Webinar |
9:00 a.m. |
MCPPO ($29.00) |
https://tinyurl.com/mcppo-518 |
May 19 |
Open Meeting Law |
In-person Conference |
10:00 a.m. |
AGO |
https://tinyurl.com/AGO-0519 |
May 21-22 |
TEDS Conference |
Conference (Washington D.C.) |
|
NCPERS (see website for cost) |
www.ncpers.org/teds |
May 22-25 |
ACE Conference |
Conference (Washington D.C.) |
|
NCPERS (see website for cost) |
www.ncpers.org/annual-conference |
June 2 |
Conflict of Interest* |
Webinar |
10:00 a.m. |
State Ethics Commission |
https://tinyurl.com/0602-ethics |
June 7 |
Preventing Common Frauds and Scams |
Webinar |
10:00 a.m. |
MCPPO ($29.00) |
https://tinyurl.com/MCPPO-0607 |
June 12-15 |
MACRS Spring Conference |
Conference (3-6 credits) |
|
Note: this event will be in person |
Registration info to follow |
*Board members must complete the Conflict of Interest Law training at least once every two years, however, the live session may be taken for credit every year. A certificate of completion is required to receive credit for the Conflict of Interest training.
II. Recently Added or Recurring Pre-Approved Online Training
(available on demand)
Organization |
Topic |
How to find webinar: |
State Ethics Commission |
Conflict of Interest Law* select either State and County or Municipal links |
https://go.usa.gov/xpPxD and view appropriate webinar |
Office of the Inspector General |
Inspector General Videos |
mass.gov/service-details/inspector-general-educational-videos |
Office of the Attorney General |
Open Meeting Law Training |
|
National Council on Teacher Retirement |
New webinar added:
|
See our website for the link: mass.gov/service-details/perac-online-training |
National Conference on Public Employee Retirement Systems |
New webinars added:
|
See our website for the links: mass.gov/service-details/perac-online-training |
PERAC
|
2020 Cash Books & Annual Statement
|
https://www.mass.gov/service-details/cash-books-annual-statement |
Massachusetts Office of the State Comptroller |
Cybersecurity for Retirement Boards PowerPoint Presentation
|
https://www.mass.gov/lists/perac-2022-educational-seminar-handouts |
Links to all of the above resources can be found on PERAC’s Education page at
mass.gov/perac-education.
* Board members must complete the Conflict of Interest Law training once every two years.
A certificate of completion is required to receive credit for the Conflict of Interest training.
Credit for the recorded session may only be awarded once every two years.
III. MACRS June Conference (up to six credits)
After a long hiatus, the Massachusetts Association of Contributory Retirement Systems (MACRS) will once again host an in-person conference. As has been the case in the past, PERAC, in conjunction with MACRS, will be making educational opportunities available at the June MACRS Conference from June 12 – June 15 in Hyannis. The breakout will be as follows:
Registration information is forthcoming.
IV. Other Opportunities to Obtain Educational Credit
The Commission is willing to approve other 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 or other entities…”
Additionally, the Commission has approved education credit for participating in webinars. In 2022, we will again entertain requests for credit in relation to relevant webinars provided that such a request is made well in advance of the session.
Approval for credit must take place well in advance of the date of the event or webinar. This will enable the Commission to analyze the program and provide a general notice to other retirement board members to maximize participation. Once approved, you must complete the Training Affidavit in PROSPER to ensure proper credit. Board members experiencing Extenuating Circumstances in meeting educational requirements should review Memo 15 of 2019and contact PERAC with any questions.
The following list of local and national organizations provide additional educational opportunities that may be relevant for retirement board members:
Philip Y Brown, Esq., Chairman
Auditor Suzanne M. Bump
Kathleen M. Fallon
Kate Fitzpatrick
James M. Machado
Richard McKinnon Jr.
Jennifer F. Sullivan
Hours: 9:00 a.m. to 5:00 p.m., Monday through Friday
For deaf, hard of hearing, or speech impaired
Call to report suspected pension fraud