Illinois Public Pension Institute I
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1120 E. Diehl Road
Naperville, Illinois 60563
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|Delivery Method||In Person|
|Field of Study||Accounting (Governmental) - Technical - 1.0 CPE Finance - Technical - 7.0 CPE|
|NASBA CPE||Earn 8.00 CPE Hours|
|Type||Before 4/8/2019||Between 4/8/2019 and 4/11/2019|
|Members||$ 140.00||$ 150.00|
|Government / Partner Colleagues||$ 145.00||$ 155.00|
|Non-members||$ 165.00||$ 185.00|
MEETS PUBLIC PENSION TRUSTEE CONTINUING EDUCATION REQUIREMENTS
PROGRAM MATERIAL - download pdf document
AGENDA, LEARNING OBJECTIVES AND SPEAKERS
IPP INSTITUTE SESSIONS LISTED BELOW:
Public Act 100-0281 - Part I: The Nuts and Bolts of the New Police Officer Retirement Plan Law
Jeffrey Van Wagner, Principal, Alliance Pension Consultants
Brian LaBardi, Partner, Reimer & Dobrovolny PC
Public Act 100-0281 was signed into law on August 24, 2017, affecting the retirement plan provisions applicable to many police officers across Illinois. With its introduction comes many questions, especially given it requires the establishment of a new retirement plan maintained by each municipality. While police officers work to understand how the new law affects their retirement, municipalities must work through the actual creation of the plan the law requires for those impacted officers. This session focuses on the latter group, to help municipalities create a working system in line with the law and the objectives of the stakeholders affected by it.
Public Act 100-0281 - Part II: Changes to Police Pension Benefits and How it Affects You
Allison Barrett, Principal, Lauterbach & Amen, LLP
Todd Schroeder, Director of Actuarial Services, Lauterbach & Amen, LLP
Part II of this session will cover Public Act 100-0281 and its impact on the benefits available to Article 3 members and on municipal actuarial funding levels. Learn which plans new members are eligible to join (IMRF, Article 3 and/or the municipality’s new Defined Contribution Plan) and how these elections will impact funding requirements.
Understanding Negative Amortization
Speaker: Jason Franken, Actuarial Consultant, Foster & Foster, Inc.
This session will help participants understand the concept of negative amortization and its effect on the unfunded liability and annual contribution. Participants will learn how to identify negative amortization and review ways to reduce or eliminate it to put the plan sponsor on a more sustainable path.
Pension Funding Policy – Time for a Check-Up?
Moderator: Jason Franken, Actuarial Consultant, Foster & Foster, Inc.
Elizabeth Holleb, Director of Finance & IT, City of Lake Forest
Melinda Molloy, Finance Director, Village of Wilmette
George Colis, Chairman, Oxford Bank & Trust
Panelists will discuss their experiences in reviewing their pension funding policy and implementing changes to tackle the unfunded liability in their pension plans. Each panelist has experienced a multi-step process of examining the pros and cons of their current funding policy, reviewing alternative strategies, debating the municipality’s goals and objectives and adopting a new policy. The panelists are in various stages of this process so participants will gain insight from different points in this journey.
In Search of Best Practices for Pension Funds
Stan Helgerson, Retired Municipal Finance Director
Dan Ryan, Project Coordinator, Illinois Public Pension Fund Association (IPPFA)
Participants will learn about options that pension fund trustees and treasurers should review to insure optimal administration and financial management of police and fire pension plans.
Speaker: William McCarty II, Director, Office of Budget & Management, City of Springfield
William McCarty II, Director, Office of Budget and Management, City of Springfield, and IGFOA Legislative Committee Chair will provide insight into current legislative issues and concerns related to pension reform, efforts to consolidate funds, and the status of the property tax freeze as it relates to pension levies.
Pension Fund Fiduciary Responsibility & Liability
Speaker: Jerry Marzullo, Esq., Puchalski Goodloe Marzullo, LLP
This session will contend with what it means to be a fiduciary to the fund, what it means to accept liability and to expose yourself to liability and the best practices to become a great Pension Fund Trustee.
IGFOA reserves the right to modify the agenda, cancel the event due to low enrollment, or to close registration if full.
Intended Audience: Finance Directors, Managers, Administrators, Accountants, Assistant Managers, Assistant Finance Directors, Pension Board Trustees, and professional staff and officials interested in local government pension issues.
Delivery Method: Group-Live
Program Level: Overview
Prerequisites: No prerequisites required
Advanced Preparation: No advanced preparation required
Field of Study: Accounting (Governmental), Finance
Earn About 8.0 CPE credit
Cancellation Policy - If you are unable to attend, please contact IGFOA at 630-942-6587 or email@example.com . A $25 cancellation fee will be charged for cancellations up to April 4, 2019. Cancellations after April 4, 2019 and no-shows are responsible for the full tuition. By submitting this registration, the applicant agrees to the cancellation policy above.
NIU Naperville is easily accessible from Interstates 88 and 355, just 27 miles from both O'Hare International Airport and Midway International Airport, and less than five miles from the Metra Train Station. For a list of hotels near NIU Naperville, visit https://www.niu.edu/conferenceCenters/naperville/service_amenities/hotel_info/naperville-hotel-map.pdf
Registration & Cancellation Policy
Registrations are accepted on a first-in, first registered basis. 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 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.