Reappoint Catherine MacLeod to the Fire and Police Disability and Retirement Board of Trustees for term to expire December 31, 2028

TO THE COUNCIL:As Mayor, I request Council confirmation of the following reappointment to the Fire and Police Disability and Retirement (FPDR) Board of Trustees.The FPDR Fund and Plan are administered by a Board of Trustees (Board), an independent public body. The Board's purpose is to ensure that the provisions of the FPDR Plan are followed and that the funds provided by the taxpayers of the City of Portland are expended prudently. In addition, the Board sets policy for the Fund and Plan administration, approves administrative rules, and approves the FPDR budget. Reappointment of Citizen Trustee Term Catherine MacLeod January 1, 2026 – December 31, 2028Respectfully submitted,Keith WilsonMayorCatherine MacLeodBiographyCatherine MacLeod has extensive public pension actuary experience, has an excellent understanding of the FPDR pension plan, and brings valuable pension and actuary experience to the FPDR Board. Catherine has focused on post-employment benefits for public sector clients since 2008. She is an engaged trustee who reviews all board materials and asks detailed and direct questions. In addition, she is willing to question Milliman, FPDR's actuarial firm, and the FPDR staff when additional information is needed. Catherine also provides excellent input on FPDR issues and is eager to help the FPDR finance staff when they need an opinion on actuarial or finance issues.As owner and partner of MacLeod Watts, Catherine has provided services and certified valuations for over 300 public sector clients including funding policy development, plan design consulting, and GASB 75 valuations. Catherine is a Fellow of the Society of Actuaries and serves on the board of local charities. Prior to founding MacLeod Watts, she was Director of Post-employment Benefits at Bickmore.Catherine MacLeod was appointed in 2017 to serve as a citizen trustee member on the FPDR Board of Trustees. She was reappointed in 2019 for a second term, and 2022 for a third term. Catherine also briefly served as Mayoral Designee Board Chair from October 27, 2023, to September 11, 2024, after former Board Chair Margaret Carter resigned. She resumed her term as Citizen Trustee on September 11, 2024.Interest StatementIt has been my pleasure and privilege over the past eight years to work alongside my co-trustees on behalf of the police and fire members and their dependents to support the FPDR program. I look forward to serving an additional term so that we can continue to support this very important benefit program.