Authorized Agents

Powers and Duties of FPIF Agents

Authorized Agents and Their Duties

Authorized Agents are the primary points of contact between FPIF and their respective Participating Pension Funds. These individuals have been granted the following powers and duties:

  • To promptly forward to the Board of Trustees of their Participating Pension Fund all communications, notices, reports and other documents delivered to the Authorized Agent by FPIF; and
  • To execute authorizations and consents for the treasurer, custodian, investment professionals and other vendors to share with FPIF and/or its agents, including but not limited to FPIF’s custodian, investment consultant and transition manager, all investment account related information and such other information relating to the Participating Pension Fund as is necessary for the administration of FPIF.
  • To execute forms for the appointment of Account Representatives.

Authorized Agent Appointments

Each Participating Pension Fund, by a resolution of its board of trustees, shall appoint two Authorized Agents. 

In the absence of such appointments, the Board President and Board Secretary of the Fund shall be deemed Authorized Agents. FPIF may rely on board minutes or the Fund’s most recent annual statement on file with the Department of Insurance to identify the Fund’s current President and  Secretary.

Appointments of Authorized Agents may be made utilizing the Resolution to Appoint Authorized Agents & Account Representatives.