According to a February 2024 report from the Federal Trade Commission, Americans reported more than $10 billion in losses to fraud last year, coming from 2.6 million individual claims. The report found that investment scams accounted for nearly half
An Update on COLAs From the Executive Director
To our Members, Employers, and other stakeholders, I want to begin this note by sincerely thanking you. This past year, I have enjoyed speaking with many of you about how we can better serve our stakeholders. In visiting with our Members, I’m
Retiree Question: Why Did My Deposit Amount Change?
FPPA’s Retiree Payroll Team receives many phone calls in the months of October, December and January from retirees asking why their benefit deposit is suddenly a different amount. Due to high call volume during these months, we cannot always return
Results From the 2023 Member Survey
Every other year, FPPA conducts a satisfaction survey with a randomly selected group of active and retired Members; And every other year, we’re reminded how much our Members value their retirement benefits! This year’s effort began in April,
Highlights From the SECURE Act 2.0
In December 2022, Congress passed the SECURE Act 2.0, intended to build upon the SECURE Act of 2019, that aims to improve retirement-savings opportunities. The legislation enjoyed broad bipartisan support because it included many new provisions that
Looking Forward to the New Statewide Retirement Plan
This article was originally published in FPPA's PensionCheck Newsletter Beginning in January 2023, current Members of the Statewide Defined Benefit Plan and the Statewide Hybrid Plan will participate in a new Plan, the Statewide Retirement Plan.