Nomination Criteria

The Excellence in Retirement System Financial Management Award is intended to recognize an individual who has demonstrated and sustained outstanding financial management with their system. The award serves to recognize high standards of performance, drive continuous improvement, promote strong leadership, and motivate continued excellence.

Nominees may be self-nominated or be nominated by colleagues.

Nominators do not need to be P2F2 members to nominate a P2F2 member for the award.

Nominations are evaluated on the following criteria. A nominee does not need to excel in all 9 criteria, but the more, the better!

1. Financial Performance: The nominee has developed and/or implemented effective strategies for managing and mitigating risks and the system consistently receives clean audit reports.
2. Operational Efficiency: The nominee has helped the system implement streamlined and effective processes for managing retirement funds.
3. Governance and Accountability: Best practices in governance are follows, and the nominee provides a high level of transparency in reporting and communications.
4. Communication and Education: The nominee maintains high levels of satisfaction among stakeholders and is known as an effective communicator and educator.
5. Leadership: The nominee shows strong and effective leadership in managing the financial operations of the system, provides effective collaboration and partnerships that enhance financial management practices, and has high ethical standards.
6. Adaptability: The nominee adapts to changing economic and regulatory conditions effectively, especially during financial crises, economic downturns, or sudden regulatory requirements.
7. Accounting Data Management and Reporting: The nominee provides timely preparation and submission of financial reports, has demonstrated the ability to analyze financial data to provide meaningful insights, and is committed to continuously improving accounting processes and practices.
8. Sustainability: The nominee provides effective plans that sustain the retirement system long-term.
9. Social Impact: The nominee has a positive impact on the community by engaging with stakeholders and developing support programs.

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