2021 Pension Institute Webinar Series

Seminar

Wednesday, April 28, 2021–Thursday, April 29, 2021

  • Members $ 100.00 Before Apr 26, 2021 Members $ 100.00
  • Government / Partner Colleagues $ 100.00 Before Apr 26, 2021 Government / Partner Colleagues $ 100.00
  • Non-members $ 200.00 Before Apr 26, 2021 Non-members $ 200.00

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Description

Plan to attend the 2021 Pension Institute featuring six (6) virtual learning sessions, which qualifies for the eight (8) hours of annual continuing education required by the Illinois Department of Insurance! See below for an overview of the topics to be presented. To view the complete agenda and session items, please click the link below.

Agenda, Session Descriptions, Speakers, and Learning Objectives 

Day 1:  Wednesday, April 28, 2021

Session 1:  9 AM - 10:30 AM - Economic Update

Session Description: This session will provide an update on the current economic and financial markets. It will also will highlight domestic and global public markets along with economic factors that could provide either a boost or impact how financial markets functions going forward.

Speaker:  Floyd Simpson, CFP, CPA, Senior Managing Consultant, PFM Asset Management, LLC

Program Level - Update
Field of Study - Economics - Technical
NASBA CPE Credits: Earn about 1.5 CPE credits

Session 2:  11 AM - Noon - Strategies for Meeting Pension Obligations Employing Bond Issuance and Long-term Investments

Session Description:  The consideration of Pension Obligation Bonds is once again gaining significant traction as communities explore available strategies to address the challenges of underfunded pension funds. This session will provide an an overview on when and why pension obligation bonds should be issued as well as investment strategies regarding the investment of proceeds from pension obligation bonds.

Speakers:  Andrew Kim, Director, Public Finance, PMA Securities, LLC, Timothy A. Palmer, CFA, Senior Portfolio Manager, PMA Asset Management, LLC, and Erik Stoltz, Institutional Sales Manager, PMA Companies, LLC

Program Level - Overview
Field of Study - Finance - Technical
NASBA CPE Credits: Earn about 1.0 CPE credits

Session 3:  1 PM - 2:30 PM - Introduction to the Illinois Police Officers' Pension Investment Fund (IPOPIF) and the Illinois Firefighters' Pension Investment Fund (IFPIF)

Session Description: Join representatives of the IPOPIF and IFPIF as they provide an introduction to the Funds, a current status update, and an update related to ongoing transition planning and communication efforts.  Participants will be encouraged to engage in an interactive dialogue with the presenters as part of the session. 

Speakers:  Elizabeth Holleb, Finance Director, City of Lake Forest and Dave Zaloga, CPA/MBA, Chief Financial Officer, Illinois Firefighters’ Pension Investment Fund

Program Level - Update
Field of Study - Finance - Technical
NASBA CPE Credits: Earn about 1.5 CPE credits

Day 2:  Thursday, April 29, 2021

Session 1:  9 AM - 10 AM - Pension Benefit Administration Update:  Tier 2, Qildros and Conversions Knowing What You Don't Know

Session Description: This session will begin with a brief discussion of the update to the definition of a “Tier 2” member, with a detailed review of the changes to Tier 2 benefits resulting from the “consolidation” legislation.  Next, the session will review the purpose of each of the required QILDRO forms and discuss the implications of remitting benefits with incomplete or missing QILDRO documents.  Lastly, the session will review the components and process of calculating a conversion benefit under Article 3 and Article 4, highlighting the common errors and their consequences.

Speaker:  Allison Barrett, Director, Lauterbach & Amen, LLP

Program Level - Update
Field of Study - Finance - Technical
NASBA CPE Credits: Earn about 1.0 CPE credits

Session 2:  10:30 AM - Noon - Actuarial Update

Session Description: This session will focus on consolidation actuarial issues including how the actuarial process will look after the consolidation of the Article 3 and 4 Pension Funds. The speaker will try to answer the question “Will each municipality need its own valuation, or will the Consolidated funds provide everything you need?” Additionally, the session will examine how an extension of the amortization period to the year 2050 would impact the long-term financial health of downstate fire and police pension plans.

Speaker:  Jason Franken, Principal, Foster & Foster, Inc.

Program Level - Update
Field of Study - Finance - Technical
NASBA CPE Credits: Earn about 1.5 CPE credits

Session 3:  1 PM - 2:30 PM - The Ins and Outs of Downstate Police & Fire Pension Administrative Proceedings

Session Description: This session will review the wide array of pension related matters downstate police and fire pension funds are faced with including disability claims, survivorship claims, felony divestitures, over/underpayments in pension benefits, salary attached to rank issues, pension spikes and municipal underfunding.  The presentation will also explore the legal framework which guides pension board trustees in the adjudication of the various claims that come before them as well as cover best practices, policies and procedures pension trustees should consider when administering pension claims.

Speaker:  Laura Goodloe, Esq., Partner, Puchalski Goodloe Marzullo, LLP

Program Level - Overview
Field of Study - Finance - Technical
NASBA CPE Credits: Earn about 1.5 CPE credits

Delivery Method:  Group Internet Based
Program Level:  See above sessions
Prerequisites:  No prerequisites required
Advanced Preparation: No advanced preparation required
Field of Study:  See above sessions
NASBA CPE Credits: Earn about 8.0 CPE credits

IGFOA reserves the right to modify the agenda, sessions, and speakers.

CPE hours: 8.00

For more information

IGFOA
info@igfoa.org

Registration and cancellation policy

Payments by check should be mailed in advance or made at time of registration by credit card. 

Cancellation of an event registration is subject to the following policy:
• No refunds will be given for cancellations the day of the event and no shows.
• For IGFOA event registration cancellations five (5) business days or more prior to an event, refunds will be offset by a $20 cancellation fee. 
• For IGFOA event registration cancellations within five (5) business days of the training, refunds will be offset by a cancellation fee of 50% of the registration fee.
• A substitute attendee may be designated provided that the payment has been made and the IGFOA office has been notified in advance.
• Cancellation policy for chapter events may differ from this policy at the chapters’ discretion. 
• A written request for a refund must be emailed to the IGFOA prior to the event.

By submitting this registration, the applicant agrees to the registration and cancellation policy above.

IGFOA reserves the right to modify the agenda and/or speakers, cancel the training due to low enrollment, or to close registration if full.   Should IGFOA cancel an event, cancellation notice will be sent to the email address provided by each registrant and prominently posted at the IGFOA website page announcing the event.

If you have questions about the cancellation and refund policy, your membership, or a complaint, please contact IGFOA at 630-942-6587. The IGFOA reserves the right to apply the non-member fee to any individual or government that has not paid dues for the current year.

Approved by the National Registry of CPE Sponsors

CPE RegistryIllinois Government Finance Officers Association (IGFOA) 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 submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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