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DESCRIPTION:MEETS PUBLIC PENSION TRUSTEE CONTINUING EDUCATION REQUIREMENTS\
 nAGENDA AND SPEAKERS7:40–8:25AM              Registration & Continental Br
 eakfast8:25–8:30AM              Welcome and Overview8:30–9:20AM           
    Illinois Pension Landscape & Moody’s Metrics                           
                Speakers:       Matt Butler\, Vice President\, Moody’s Inve
 stors Services and                                                        
                David Levett\, Assistant Vice President-Analyst\,          
                                                               Moody’s Inve
 stors ServicesThe session will provide an overview of Moody’s pension metr
 ics and pension landscape for Illinois local governments.Learning Objectiv
 es: Participants completing this session will be able to:1. Understand the
  constitutional and statutory landscape for IL pensions and how that compa
 res with other states\;2. Learn how Moody’s analyzes local government pens
 ions and calculates its adjusted net pension liability (ANPL)\;3. Learn ho
 w Moody’s analyzes pension contributions to determine their sufficiency in
  addressing unfunded liabilities\; and\,4. Understand how other credit fac
 tors mitigate or exacerbate credit challenges associated with unfunded pen
 sions.9:20 –10:10AM            Two Tier or Not Two Tier: So Many Questions
 ?                                            Speaker:    Allison Barret\, 
 Principal\, Lauterbach & Amen\, LLPUnderstand the difference between a Tie
 r I and Tier II member\, and learn the difference between Tier I and Tier 
 II as they relate to benefit calculations and pensionable salary.  Underst
 and the new service purchase and transfer opportunities afforded to Articl
 e 3 and Article 4 members under Public Act 100-0544.Learning Objectives: P
 articipants completing this session will be able to:1. Understand the defi
 nition of a Tier II member under Article 3 and Article 4\;2. Learn how to 
 calculate the pensionable salary for a Tier I member and a Tier II member 
 under Article 3 and Article 4\;3. Learn how to calculate pension benefits 
 for a Tier I member and a Tier II member under Article 3 and Article 4\; a
 nd\,4. Understand and calculate the transfers of service from Article 3 to
  Article 4 and from Article 4 to Article 6 under Public Act 100-0544.10:10
 –10:20 AM          Morning Break10:20–11:35 AM          Cyber Security    
                                         Speakers:    Alex Brown\,Senior Ma
 nager – Information Technology Consulting\,                               
                                         Plante Moran and Natalie Schwarz\,
  Consulting Manager –                                                     
                   Management Consulting\, Plante MoranThis session will pr
 ovide an overview of IT security trends and events governments are facing 
 in today’s environment. This presentation will also examine the rise in th
 e number of security breaches within organizations\, highlight security ri
 sks associated with the increase in demand from mobile devices\, social me
 dia\, and cloud computing\, and review the process for setting up an Infor
 mation Security Program to address security risks and increasing data dema
 nds.  Learning Objectives: Participants completing this session will be ab
 le to:1. Gain a basic understanding of technology threats organizations fa
 ce in today’s environment with the increase in demand for new and emerging
  technology\;2. Identify best practice tips for setting up an Information 
 Security Program to address security risks and increasing data demands\; a
 nd\, 3. Gain an understanding of the framework elements required to build 
 an effective Information Security Program.11:35 AM –12:10PM   Legislative 
 Update                                            Speaker:    William McCa
 rty\, Director – Office of Budget & Management\,                          
                                            City of Springfield and IGFOA  
 Executive Board Member                                                    
                  and IGFOA Legislative Committee Chair.This session will p
 rovide insight about current legislative issues and concerns related to pe
 nsion reform\, efforts to consolidate funds\, and the status of the propos
 ed property tax freeze as it relates to pension levies.Learning Objectives
 : Participants completing this session will be able to:1. Understand the v
 iews held by state legislators on pension reform and how an eventual agree
 ment may affect local governments and pension boards\;2. Explore recent de
 velopments in proposed pension reform legislation\; and\,3. Understand the
  key provisions of proposed property tax freeze legislation and how those 
 provisions could impact pension levies. \n12:10–12:50 PM             Netwo
 rking Luncheon\n12:50–1:40PM                 IMRF Update                  
                              Speaker:    Mark Nannini\, Chief Financial Of
 ficer\,                                                                   
      Illinois Municipal Retirement Fund (IMRF)The Illinois Municipal Retir
 ement Fund (IMRF) is the administrator of an agent multiple-employer publi
 c retirement system that provides retirement\, death\, and disability bene
 fits to employees of local governments in Illinois. IMRF is governed by Ar
 ticle 7 of the Illinois Pension Code (940 ILCS 5). This session will revie
 w IMRF operations\, provide a general overview of important topics impacti
 ng pension fund operations\, funding\, and benefits\, and include a discus
 sion on the impact of recent legislation.Learning Objectives: Participants
  completing this session will be able to:1. Understand the operations and 
 funding of IMRF\;2. Learn about employers’ participation in IMRF\; and\, 3
 . Obtain a working knowledge of IMRF\, staff assistance\, and the impact o
 f recent legislation.\n1:40–2:30PM                 Funding Decisions: Impa
 ct of Tier II & Impact of Amortization Basis Decisions                    
                          Speaker:    Kathy Manning\, Managing Principal\, 
 MWM Consulting GroupThis session will review the financial impact the bene
 fit modifications of Tier II will have upon projected plan liabilities and
  annual contribution requirements.   The session will also include long-te
 rm forecasts illustrating the annual liabilities of Tier I and Tier II mem
 bers and the timing regarding expectations for reduced contributions assoc
 iated with the benefits change. Finally\, the session will illustrate the 
 impact upon funded ratios\, unfunded liabilities\, and projected contribut
 ion requirements associated with various amortization basis decisions. Lea
 rning Objectives: Participants completing this session will be able to:1. 
 Gain a “feel” for the evolution of future liabilities and expected cost re
 ductions associated with TIER II benefits\;2. Understand the mechanics of 
 amortization basis methods and their long-term implications\; and\,3. Have
  a conceptual framework for reference in the development of funding polici
 es with Boards\, management\, and actuaries.\n2:30–2:50PM         Afternoo
 n Break \n2:50–3:40PM         A New Approach to Public Safety Pension Fund
 ing                                    Speaker:    Elizabeth Holleb\, Dire
 ctor of Finance & IT\, City of Lake ForestThis session presents a case stu
 dy examining changes made to an Illinois municipality’s approach to fundin
 g its police and fire pension fund obligations.  A pension subcommittee co
 nsisting of the City’s Finance Director\, City Manager\, City Council Fina
 nce Committee Chair\, and another Alderman worked with the City’s independ
 ent actuary to examine alternative approaches in an effort to mitigate the
  8-9% annual increase in funding requirements.Learning Objectives: Partici
 pants completing this session will be able to:1. Identify key assumptions 
 impacting annual pension funding requirements\;2. Consider alternative app
 roaches to funding public safety pensions\; and\,3. Assess important consi
 derations in examining alternative funding approaches. \n3:40–4:30PM      
    Police & Fire Pension Fund Consolidation                               
       Speaker:    Dan Ryan\, Project Coordinator\,                        
                                       Illinois Public Pension Fund Associa
 tion (IPPFA)The session will provide an overview of Illinois Article 3/4 p
 ension plans\, the main arguments for consolidation into a statewide syste
 m\, factors to be considered before a consolidation decision is made\, and
  a discussion of ways to improve cost and performance regardless of a deci
 sion to consolidate.Learning Objectives:  Participants completing this ses
 sion should be able to:1. Understand what is meant by pension fund consoli
 dation\;2. Learn about the pros and cons of pension fund consolidation\;3.
  Be prepared to advise local or state officials and citizens on pension fu
 nd consolidation issues\; and\,4. Undertake local action or support state 
 legislation to improve pension fund cost-effective operations.4:30PM     C
 losing Remarks\nLearning Objectives - Participants completing this Institu
 te will be able to: Review HereSeminar description:Intended Audience:  Fin
 ance Directors\, Managers\, Administrators\, Accountants\, Assistant Manag
 ers\, Assistant Finance Directors\, Pension Board Trustees\, and professio
 nal staff and officials interested in local government pension issues. Del
 ivery Method: Group-LiveProgram Level: OverviewPrerequisites: No prerequis
 ites requiredAdvanced Preparation: No advanced preparation requiredField o
 f Study: Accounting (Governmental)\, FinanceEarn About 8.0 CPE creditIGFOA
  reserves the right to modify the agendas and/or speakers\, cancel the tra
 inings due to low enrollment\, or to close registration if full.  
DTEND:20180301T163000
DTSTAMP:20260418T152857
DTSTART:20180301T082500
LOCATION:NIU Naperville\, 1120 East Diehl Road\, Room 260\, Naperville\, IL
  60563
SEQUENCE:0
SUMMARY:Illinois Public Pension and OPEB Institute - Part I
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