Two amendments to FPIF Rules have been posted for 1st Public Notice on the Pending Rules page of the FPIF website (link).
The amendments may be considered for a 2nd Public Notice by the Audit & Compliance Committee at its meeting on July 18, 2024. Amendments approved for a 2nd Public Notice may be considered for adoption by the Board of Trustees at its meeting on August 2, 2024.
Public comments are encouraged during 1st and 2nd Public Notice. Commenters are encouraged to email comments to information@ifpif.org.
1st Public Notice - Amendment to the Cash Management Rule
The amendment to FPIF’s cash management rule is being proposed to align FPIF Rules with Department of Insurance guidance that provides that monies not imminently needed to make benefit payments or cover reasonable imminent expenses must be held at FPIF.
1st Public Notice - Amendment to the Cost Allocation Rule
The amendment to FPIF’s cost allocation rule is being proposed to address the allocation of costs incurred by FPIF which should not or cannot in fairness be allocated proportionately among all Participating Pension Funds.
FPIF Rule Making Update
