NOTICE: A MEETING OF THE ILLINOIS POLICE OFFICERS’ PENSION INVESTMENT FUND
To be held on Wednesday, May 13, 2020 at 2:30pm.
You can view the agenda by clicking Here
Zoom Digital Platform
ZOOM Invite: Public invited through telephone, see agenda for details.
Effective May 1, 2020, Executive Order 2020-32 extends many of the same requirements as the original stay-at-home order Governor Pritzker issued on March 20, 2020, including provisions on essential activities, essential travel, and social distancing.
New mandates include provisions designed to encourage social distancing and the wearing of face coverings and other personal protective equipment (PPE).
NOTICE: A MEETING OF THE ILLINOIS POLICE OFFICERS’ PENSION INVESTMENT FUND
To be held on Wednesday, May 8, 2020 at 10:00am.
You can view the agenda by clicking here
Zoom Digital Platform
ZOOM Invite: Public invited through telephone, see agenda for details.
A presentation by Northern Trust Asset Management and the National Institute on Retirement Security (NIRS) on the Coronavirus, Interest Rates and Volatility.
To download the presentation, please click here.
A webinar by Lazard Asset Management and the National Institute on Retirement Security (NIRS) on the Economic Implication of the COVID-19 Crisis.
To download the presentation, please click here.
NOTICE: A MEETING OF THE ILLINOIS POLICE OFFICERS’ PENSION INVESTMENT FUND
To be held on Wednesday, May 1, 2020 at 10:00am.
You can view the agenda by clicking here.
Zoom Digital Platform
ZOOM Invite: Public invited through telephone, see agenda for details.
All Article 3 and Article 4 Pension Funds established under the Illinois Pension Code
On March 9, 2020, Governor JB Pritzker proclaimed a statewide disaster due to the Coronavirus Disease 2019
(COVID-19) outbreak within the State of Illinois, and again on April 1, 2020 declared a statewide disaster in
response to the exponential spread of COVID-19 (the “Gubernatorial Disaster Proclamations”). On March 20,
2020, the Governor issued Executive Order 2020-10 ordering Illinois residents to stay at home unless
otherwise permitted under the order and that all non-essential business and operations within the State
cease for the remainder of the Gubernatorial Disaster Proclamations. On April 1, 2020, the Governor issued
Executive Order 2020-18 continuing and extending Executive Order 2020-10 in its entirety for the duration
of the Gubernatorial Disaster Proclamations.
The State of Illinois, Department of Insurance, Public Pension Division (Division), has the following
information and suggestions for downstate police and fire, Articles 3 and 4 of the Illinois Pension Code (Code),
pension funds and pension funds boards of trustees for the duration of any proclaimed disaster or stay at
home Executive Order and for a reasonable time thereafter. Any and all good faith efforts by the pension
funds and the pension funds boards of trustees to comply with any statutory or fiduciary duties during the
above identified times shall not be considered by the Division as an examination finding. Most importantly,
each pension fund, as expeditiously as possible, should remotely conduct an annual, special or emergency
meeting to adopt its policies and procedures to be applied during the above identified times. All actions
taken by the pension boards should be by resolution and documented as per its regular practices. The
pensions boards should utilize all correspondence, internet and social media to keep its interested parties
informed.
OPEN MEETINGS AND FREEDOM OF INFORMATION ACT
The above-mentioned Executive Orders should be reviewed for their applicability to the pension boards and
trustees. Additionally, the Attorney General has issued the following guide as to the Open Meetings Act and
the Freedom of Information Act. It is set forth in full in a separate Siren and can also accessed by this
following link: http://foia.ilattorneygeneral.net/pdf/OMA_FOIA_Guide.pdf
TRUSTEES’ TERMS AND ELECTIONS
Any currently serving board members may voluntarily continue their term for up to 6 (six) months. Any such
volunteers should execute a new oath of office or the prior oath should be extended. Insurance carriers or
bond issuers should be notified of the extensions.
Any currently serving board members may also serve until their term is expired and not voluntarily continue
their term.
If trustee elections are held as statutorily required on the third Monday in April (40 ILCS 5/3-128 and 4-121)
or the election will occur during the above identified times, the elections should be done in a remote manner,
such as through the mail, and in compliance with all local, state and federal health and safety mandates.
Alternatively, any statutorily required election can be suspended, delayed or stayed for a period of time until
a special election can be held, as allowed in the statutes. (40 ILCS 5/3-128 and 4-121.) The above guide from
the Attorney General on the Open Meetings Act should be considered as well in conducting any such
elections.
TRUSTEE TRAINING
Any statutorily required initial, annual, ethics or consolidation training should be done remotely. (40 ILCS
5/1-109.3 and 113.18.) Each pension fund board of trustees may, as provided by statute (40 ILCS 5/1-109.3),
extend the deadlines for completion of the training for up to 6 (six) months. Those training providers should
be contacted to determine the time, date and manner in which the respective training will be offered.
ANNUAL OR OTHER MEETINGS
All annual (40 ILCS 5/3-130 (July, October, January and April) and 4-121), special or emergency meetings of
pension boards of trustees, if scheduled for or occurring during the above identified times, should be done
remotely and in compliance with the guide on the Open Meetings Act and all local, state and federal health
and safety mandates. Alternatively, those meetings may be scheduled after the above identified times.
Certainly, non-essential meetings or agenda items should be avoided.
If you have any questions, please contact the Public Pension Division of the Department of Insurance at (800)
207-6958 or by emailing DOI.Pensions@illinois.gov
NOTICE: A MEETING OF THE ILLINOIS FIREFIGHTERS’ PENSION INVESTMENT FUND
To Be Held on Wednesday April 20, 2020 9:00 A.M.
Due to the COVID-19 emergency and to comply with social distancing guidance, public participants are requested to participate by teleconference and/or Webex.
Double Tree by Hilton Hotel
3003 Corporate West Drive
Lisle, IL 60532
NOTICE: A MEETING OF THE ILLINOIS POLICE OFFICERS’ PENSION INVESTMENT FUND
To be held on Wednesday, April 13, 2020 at 10:00am.
You can view the agenda by clicking here.
Perigon Digital Platform
Registration must be done ahead of time to receive the invite prior to the meeting.
The IPPFA was founded in 1985 as a not-for-profit organization whose mandate was to educate public pension fund trustees. In 2009 the IPPFA became the primary education provider for public pension fund trustees in the state of Illinois. Our members manage over eighteen billion dollars in pension assets.
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