New Leadership Position Benefits PERA Members and Public Pension Plans Nationwide
Colorado PERA General Counsel Adam L. Franklin was recently elected to serve as the President of the National Association of Public Pension Attorneys (NAPPA) for 2017-2018. Franklin has been a member of NAPPA since 2004 and joined the NAPPA Executive Board in June 2014. Prior to joining the Board, he served on NAPPA’s Securities Litigation Working Group as a member, Co-Chair, and Chair.
NAPPA was created in 1987 and founding members included former PERA staff. NAPPA is considered the leading educational association for attorneys in the public pension arena. Attorneys are involved in everything that public retirement systems do, from making benefit payments, to collecting contributions, administering disability, survivor, and health care programs, and the very important task of investing billions of dollars to provide secure retirement income to public employees. This makes it critical for public pension attorneys to be familiar with the latest developments in public pension law.
PERA staff who attend the NAPPA summer conference benefit from the wealth of knowledge and experience of other leading pension plan attorneys. They frequently lead sessions and participate on panels where they have the opportunity to share their expertise with other organizations, ensuring that the NAPPA conferences remain relevant and informative.
Earlier this summer, Franklin moderated two sessions including, “Varying State Perspectives on Defined Benefit Pension Protections” and “The Role of the Board in Benefit Design Issues/Reform Legislation.” Through Franklin’s leadership role and by sharing his expertise with other public pensions, PERA supports public employees not only in Colorado but also through retirement plans across the country.
Defined benefitAlso known as a pension, this is a type of pooled retirement plan in which the plan promises to pay a lifetime benefit to the employee at retirement. The plan manages investments on behalf of members, and the retirement benefit is based on factors such as age at retirement, years of employment and salary history.
