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DESCRIPTION:Illinois statutes require that all pension funds and retirement
  systems in the State of Illinois file annual financial statements with th
 e Illinois Department of Insurance – Public Pension Division. This session
  will provide an overview of the annual statement filings in the Pension A
 nnual Statement System (P.A.S.S.). It will also provide information on com
 mon filing errors and the proper way to handle those common errors and ben
 efit discrepancies. This session will also discuss the impact of the annua
 l statement filings on funding determinations\, how the data is used\, and
  the importance of filing full\, complete and correct data in the filings.
 \nLearning Objectives: Participants completing this session will be able t
 o: \n\nGain knowledge of the filing requirements of Section 1A-109 of the 
 Illinois Pension Code\, including the technical requirements for filing th
 e pension fund’s or retirement system’s annual financial statement with th
 e 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.\nUnderstand the filing requirements\, 
 the underlying data\, the importance of ensuring that correct benefit info
 rmation is submitted to the Division\, and to understand the possible expl
 anations for benefit discrepancies that may appear in the system.\nUnderst
 and the potential impact of the filed data on the actuarial study for the 
 fund or retirement system. \nIdentify possible steps that can be taken to 
 effectively manage the filing responsibilities.\n\nSpeaker: MJ Adkins\, De
 puty Director\, Public Pension Division\, Illinois Department of Insurance
 Moderator: Rachel Musiala\, Director of Finance\, Village of Hoffman Estat
 es\nIntended Audience:  All Finance Professionals  Delivery method: Intern
 et BasedProgram Level: OverviewPrerequisites: No prerequisites required Ad
 vanced Preparation: No advanced preparation requiredField of Study: Accoun
 ting (Governmental)Earn about 1.5 CPE credit\nThe program is delivered via
  a secure web site and audio conferencing service to your desktop.  In ord
 er to participate\, you will need a computer with a Web browser to view th
 e presentation.  You will receive e-mailed instructions with the secure pa
 ssword and conference call number\, along with course materials the week o
 f the program date.  To ensure that you will receive the instructions from
  IGFOA\, list "IGFOA Professional Education Committee [meetings@meetings.r
 eadytalk.com]" as an approved or trusted sender in your email addresses an
 d 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 educat
 ion (CPE) credit.   CPE credit will only be given to the individual that i
 s registered for the webinar.  To receive CPE credit\, the registered indi
 viduals must attend the session in its entirety as tracked in the web part
 icipation report and complete at least 80% of the participation monitoring
  tools during the webinar.
DTEND:20160728T110000
DTSTAMP:20260426T154542
DTSTART:20160728T100000
LOCATION:Internet Based
SEQUENCE:0
SUMMARY:DOI Annual Report Webinar
UID:58da32ed-83e7-4bb9-89b3-3d996cd00328
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