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, 2028 |
Respectfully submitted,
Keith Wilson
Mayor
Catherine MacLeod
Biography
Catherine 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 Statement
It 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.
Official Record (Efiles)
Impact Statement
Purpose of Proposed Legislation and Background Information
The three-year term of Catherine MacLeod will expire on December 31, 2025. She has agreed to be reappointed to the Board of Trustees. Section 5-201 of the Charter of the City of Portland provides that citizen trustees are nominated by the Mayor and approved by City Council.
On June 14,2006, the City Council referred a series of charter amendments to the voters of the City of Portland to reform the FPDR system. The charter amendments called for the appointment of a five-person FPDR Board of Trustees, including two Citizen Trustees, nominated by the Mayor, and approved by the Council. Per the City Charter, Section 5-201(a), Citizen Trustees "shall have relevant experience in pension or disability matters and shall be nominated by the Mayor and approved by the City Council."
Financial and Budgetary Impacts
None. This is a volunteer position.
Economic and Real Estate Development Impacts
Not applicable.
Community Impacts and Community Involvement
Not applicable.
100% Renewable Goal
Not applicable.
Economic and Real Estate Development Analysis
Analysis provided by Prosper Portland
An Economic and Real Estate Development Impact Analysis was not submitted for this proposed action. Pursuant to City Council Resolution 37664, Prosper Portland staff has reviewed the action and agree that it does not require an Economic and Real Estate Development Impact Analysis.
Document History
Document number: 2025-437
President's referral: Finance Committee