Certificate of Achievement for Excellence in Financial Reporting
The ERS' Comprehensive Annual Financial Report (CAFR) for the year ended June 30, 2016, was awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFOA) of the United States and Canada. The Certificate of Achievement is the highest form of recognition for excellence in state and local government financial reporting. A CAFR must satisfy both generally accepted accounting principles and applicable legal requirements.
The ERS received the Certificate of Achievement each time a CAFR was submitted to GFOA for consideration (2008-2016 and previously from 1992-2000). While the ERS is not required to prepare a CAFR, management considers it a "best practice" and plans to annually prepare a CAFR for consideration by GFOA.
Outstanding Achievement in Popular Annual Financial Reporting
The Government Finance Officers Association (GFOA) of the United States and Canada presented an Award for Outstanding Achievement in Popular Annual Financial Reporting to the ERS for its Popular Annual Financial Report for the fiscal year ended June 30, 2016. This prestigious national award recognizes annual reports for creativity, presentation, understandability and reader appeal and is valid for a period of one year.
This is the seventh consecutive year the ERS applied for and received the Award.
The Public Pension Coordinating Council (PPCC) recognizes public pension systems that meet the professional standards for public retirement system mangement and administration as set forth by the PPCC. The ERS was awarded the Public Pension Standards Award for Funding and Administration for 2016. The Award recognizes achievement of high professional standards in the area of plan funding and administration and serves as a benchmark by which all public defined benefit plans should be measured.
Public Pension Standards Award for Funding and Administration
The ERS earned the Public Pension Coordinating Council’s Public Standards Award for Funding and Administration for the last twelve consecutive years (2005-2016).