IPERS is the proud recipient of the prestigious Certificate of Achievement for Excellence in Financial Reporting from the GFOA (Government Finance Officers Association)for our fiscal year 2014 financial report. This is the 22nd consecutive year IPERS has received this award, and it is even more meaningful in this first year of implementation of GASB Statement No. 67. It is the highest form of recognition in the area of governmental accounting and financial reporting. This certificate shows our efforts to go beyond the minimum requirements of GAAP principles to prepare our CAFR in the spirit of transparency and full disclosure. It’s an important distinction that reflects IPERS’ commitment to our stakeholders to provide excellence in financial reporting.