ILLINOIS PUBLIC PENSION INSTITUTE

Friday, April 24, 2009

NIU Naperville, 1120 East Diehl Road, Naperville, IL 60563-9347

  To register for this seminar: Click here

Sessions include:

Evaluating Police and Fire Pension Funds in the Current Environment

Actuarial assumptions are changing significantly and the impact those changes will have on current contributions and long term liabilities is formidable.  Learn how an actuary evaluates a pension fund in this economy and discuss possible actions to change the actuarial horizon.

All About Investments

Diversified investments over a long period are critical to a pension funds success, even when returns are down everywhere.  Explore how investment policies are working.  Discuss safeguards needed to protect against Ponzi schemes.

From the Legislative Front: Downstate and Suburban Police and Firefighter Pension Funds

Come learn what is being contemplated in Springfield and hear more about the Illinois Municipal League's actions for pension reform.

To Fund or Not to Fund: OPEB and PSEBA

A panel of finance directors will share the approaches their communities are taking in funding post retirement benefits and liabilities.  Learn about considerations in determining whether or not to fund OPEB and PSEBA.

Illinois Municipal Retirement Fund Update

Learn more about the IMRF actions to moderate the impact of 2008 investment return on future employer contribution rates.  Hear what IMRF is doing to manage its portfolio.

Pension Funding

Wrap up the day with a lively discussion about whether pension fund assumptions in line with reality and actions needed to bridge those “reality” gaps. How will your pension fund and communities financial condition hold up if this financial environment continues for several years? 

link to full agenda

Program Description: A full day seminar geared at addressing advanced issues in local government pension management. 

Learning Objectives:  Participants will

• Learn how an actuary evaluates a pension fund in this economy

• Review the political and economic climate affecting public pension funds

• Discuss proposed legislation and impacts on local governments

• Learn how investment policies and practices are being used to encourage a long-range, diversified portfolio

• Examine considerations in funding Other Post Employment Benefits

• Learn more about the IMRF actions to moderate the impact of 2008 investment return on future employer contribution rates

Delivery method: Group-Live

Program Level: advanced

Prerequisites: no prerequisites required

Advanced Preparation: no advanced preparation required

CPE Credits:  Earn about 6 CPE credits

Seminar Time:

Check in/Continental breakfast: 8:00 - 8:30 AM

Seminar: 8:30 AM - 4:00 PM

Regular registration fee – available through April 15th

IGFOA Members - $195 - same price as 2008!

Non-members - $270

Last minute registration fee:

IGFOA Members - $215

Non-members - $295

Continental breakfast, breaks, lunch, and course material is included in the fee.  

To register for this seminar: Click here

If you have any questions regarding this seminar, cancellations, complaints, or refunds, please contact the IGFOA at 815-752-8941 or info@igfoa.org

The Illinois Government Finance Officers Association is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417.  Web site:  www.nasba.org

Illinois Government Finance Officers Association presents

Illinois Public Pension Institute

Friday, April 24, 2009

NIU-Naperville ∙ 1120 E. Diehl Road ∙ Naperville, Illinois

Agenda

8:00 – 8:30 AM                  Registration and Continental Breakfast

8:30 – 9:30 AM                Keynote: Lessons from the Great Depression

David Kyvig, Distinguished Research Professor, NIU Department of History            

9:30 – 10:30 AM              Investments: Importance of Diversified Investments for the Long Term

Richard Goldman, Chief Investment Officer, Tegrit Financial Group

Investment policies; what are safeguards against Ponzi schemes

Corrine Larson, Senior Vice President, Tegrit Financial Group

10:30 – 10:45 AM            Break

10:45 – 11:30 AM            Actuarial: Evaluating Police and Fire Pension Funds in the Current Environment

Sandor Goldstein, Consulting Actuary, Goldstein & Associates

11:30 – 12:15 PM            Current Issues:  Legal Update

Thomas Kelty, Attorney, Kelty Law Offices

Current Issues:  Legislative Update

Ed McKee, Finance Director and Treasurer, Village of Winnetka

Larry Bury, Policy Analyst, Northwest Municipal Conference

12:15 – 1:15 PM                Lunch

1:15 – 2:15 PM                Hot Topics: OPEB & PSEBA

Discussion panel moderated by

Tim Sexton, Director of Finance, Village of Lombard

2:15 – 3:00 PM                IMRF Update

Richard J. DeCleene, Chief Financial Officer, Illinois Municipal Retirement Fund

3:00 – 3:15 PM                  Break

3:15 – 4:00 PM                Hot Topics:  Where do we go from here?

Discussion panel moderated by

Tim Sexton, Director of Finance, Village of Lombard

Several Finance Directors will discuss challenges to fiscal integrity, including but not limited to:  Funding – are our assumptions in line with reality?  What if this financial environment continues for several years?  Should we be looking at an early retirement incentive to reduce costs?