Legal Framework for the National Conference on Public Employee Retirement Systems’ Accredited Fiduciary Program Module 3 of 4
On May 18, 2024, Michelle Mellon-Werch taught the legal framework training during the National Conference on Public Employee Retirement Systems’ (NCPERS) Accredited Fiduciary Program. In this session, participants learned how to articulate the core principles of fiduciary duty as they pertain to public pension fund trustees. Further, participants gained a comprehensive understanding of the definition of fiduciary, the essential obligations that come with fiduciary roles and the potential ramifications of failing to fulfill these duties. They also gained a better understanding of trustee liability and how to identify fraudulent behavior.
The NCPERS Accredited Fiduciary (NAF) Program is a trustee accreditation program specifically designed and tailored for individuals involved in public pension governance. NAF divides plan governance, oversight and administration into four modules. Each module delves into the fundamental components and strategies necessary for governing a public pension fund, allowing trustees and plan staff to walk away with the key competencies critical to fulfilling their fiduciary responsibilities.
