Revere Retirement Board Receives Highest Level of Public Pension Coordinating Council (PPCC) Standards Award
December 6, 2022
REVERE, MA – The City of Revere Retirement Board is pleased to announce they have won a Standards Award by the Public Pension Coordinating Council (PPCC), which highlights the important work done by public retirement systems in the United States. This was the first time the Revere Retirement Board applied for this award, and they received the highest level of the award during the first awards season.
The Revere Retirement Board is committed to excellence in management and administration and this award reflect that commitment, according to Retirement Administrator Sandor Zapolin.
The Public Pension Coordinating Council (PPCC) is a coalition of three associations that represent public retirement systems covering the vast majority of public employees in the US:
- National Association of State Retirement Administrators (NASRA)
- National Council on Teacher Retirement (NCTR)
- National Conference on Public Employee Retirement Systems (NCPERS)
The Public Pension Standards are intended to reflect minimum expectations for public retirement system management and administration, as well as serve as a benchmark by which all defined benefit public plans should be measured. The retirement systems and the state and local governments that sponsor them are encouraged to meet these standards.
The Revere Retirement Board’ oversees retirement for over 1500 members and retirees from the City, School, Housing Authority and MNRECC and manages investments of over $216 million. The Board is comprised of Chairman Richard Viscay and members Ida Cody, Sean Manion, James Cullen and Gennaro Cataldo. For more information about the Revere Retirement Board, please visit www.revere.org.