DOI Annual Report Webinar
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|Field of Study||Accounting (Governmental) - 1.5 CPE Credits|
|NASBA CPE||Earn 1.50 CPE Hours|
|Government / Partner Colleagues||$ 55.00|
Illinois statutes require that all pension funds and retirement systems in the State of Illinois file annual financial statements with the Illinois Department of Insurance – Public Pension Division. This session will provide an overview of the annual statement filings in the Pension Annual Statement System (P.A.S.S.). It will also provide information on common filing errors and the proper way to handle those common errors and benefit discrepancies. This session will also discuss the impact of the annual statement filings on funding determinations, how the data is used, and the importance of filing full, complete and correct data in the filings.
Learning Objectives: Participants completing this session will be able to:
- Gain knowledge of the filing requirements of Section 1A-109 of the Illinois Pension Code, including the technical requirements for filing the pension fund’s or retirement system’s annual financial statement with the Illinois Department of Insurance – Public Pension Division including an overview of the features and applications of the Pension Annual Statement System (P.A.S.S.) used for filings.
- Understand the filing requirements, the underlying data, the importance of ensuring that correct benefit information is submitted to the Division, and to understand the possible explanations for benefit discrepancies that may appear in the system.
- Understand the potential impact of the filed data on the actuarial study for the fund or retirement system.
- Identify possible steps that can be taken to effectively manage the filing responsibilities.
Speaker: MJ Adkins, Deputy Director, Public Pension Division, Illinois Department of Insurance
Moderator: Rachel Musiala, Director of Finance, Village of Hoffman Estates
Intended Audience: All Finance Professionals
Delivery method: Internet Based
Program Level: Overview
Prerequisites: No prerequisites required
Advanced Preparation: No advanced preparation required
Field of Study: Accounting (Governmental)
Earn about 1.5 CPE credit
The program is delivered via a secure web site and audio conferencing service to your desktop. In order to participate, you will need a computer with a Web browser to view the presentation. You will receive e-mailed instructions with the secure password and conference call number, along with course materials the week of the program date. To ensure that you will receive the instructions from IGFOA, list "IGFOA Professional Education Committee [firstname.lastname@example.org]" as an approved or trusted sender in your email addresses and test the connection in advance of the webinar.
Whether you are watching on your own or in a group setting, each individual must be registered - including those who may not intend to claim continuing professional education (CPE) credit. CPE credit will only be given to the individual that is registered for the webinar. To receive CPE credit, the registered individuals must attend the session in its entirety as tracked in the web participation report and complete at least 80% of the participation monitoring tools during the webinar.
Registration & Cancellation Policy
IGFOA Members are those individuals specifically listed in the IGFOA Membership Application or Renewal. IGFOA Government non-member rate applies to staff, appointed officials, and elected officials of a government with a current IGFOA membership.
Registrations are accepted on a first-in, first registered basis. Payment should be received in advance. Whether you are watching on your own or in a group setting, each individual must be registered - including those who may not intend to claim continuing professional education (CPE) credit. IGFOA reserves the right to apply non-member fee to any individual or government that has not paid dues for the current year.
If you are unable to attend, please contact IGFOA at 630-942-6587 or email@example.com as soon as possible. A $20 cancellation fee will be charged for cancellations up to July 21, 2016. Cancellations after July 21, 2016 and no-shows are responsible for the applicable tuition.
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 any questions regarding this seminar, cancellations, complaints, or refunds, please contact the IGFOA at 630-942-6587 or firstname.lastname@example.org.
Approved by the National Registry of CPE Sponsors
CPE Registry Illinois 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.