Nomination Criteria

The Retirement System Innovation Award is intended to recognize an individual who developed and/or implemented an innovative technology or process that made an impact on the organization and/or the system's stakeholders.

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.

1. Innovation: The nominee made use of new innovative technologies or tools to improve financial management, designed and developed new processes or strategies that enhanced the financial health of the retirement system, or made effective use of accounting software and tools to manage financial data more efficiently.
2. Concept: The nominee developed or implemented an idea that was original and shows creativity, utilized new technology or old technology in a new way, or collaborated within or between departments to develop a new concept that led to improved efficiencies.
3. Value: The nominee's innovative idea provides value to the system, is cost effective (benefits outweigh costs), and/or provides value to the system's stakeholders.
4. Impact: The nominee's innovation has an immediate and/or long-term impact on the system and/or the system's stakeholders; it inspires future innovation and has potential to be adopted and used by other systems.
5. Efficiency: The nominee's innovation contributes to a more efficient and/or effective process.

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