KPP is a pension management system developed specifically for Pennsylvania Municipal Defined Benefit Pensions including Police and Non-Uniform Retirement Plans.
The KPP provides the following services:
- Assume the role of an investment fiduciary;
- Serve as a non-voting member of the pension committee - to provide consultation on Act 600, Act 205 and other state and federal legislation governing the pension plan;
- Draft and help assure adherence to a comprehensive Investment Policy Statement (IPS);
- Monitor fees, performance and services of the asset class investment managers;
- Educate participants on terms, conditions and funding requirements of the plan(s).
- Compare plans ordinances, labor contracts pension sections and Act 205 Reports to assure consistency on pension terms and conditions among these documents; and
- Assist in the state audit process and attend the state audit exit interview.
