The LEOFF Plan 2 Retirement Board has received the Public Pensions Standards 2016 Recognition Award for Funding from the Public Pension Coordinating Council (PPCC). This is the second year in a row the Board was awarded this honor.
The (PPCC) is a coalition of three national associations that include more than 500 of the largest pension plans in the United States serving most of the nation’s 16 million employees of state and local government.
Eligibility for the Recognition Award for Funding entails meeting the professional standards for plan funding as set forth in the Public Pension Standards.
The PPCC established the Public Pension Standards to reflect minimum expectations for public retirement system funding. The Standards serve as a benchmark by which to measure public defined benefit plans.