Northern Illinois University Outreach
Our 16-hour Certified Trustee Program is offered throughout the year in two eight-hour modules from 8:00am to 5:00pm, with the modules being held on back-to-back days. Some programs are held at the NIU Outreach Centers in Naperville, IL and in Hoffman Estates, IL, and another is held in Edwardsville, IL. All modules must be completed within a 12 month period (please note that a $25.00 reassignment fee will be assessed for each missed module).
The cost of the in-person program is $500.00 per participant for IPPFA Members, and $1,000.00 for Non-IPPFA Members. The cost for the online program is $550 per participant for IPPFA Members and $1,050 for Non-IPPFA Members. The registration fee includes all instructions, a notebook, all textbooks, and any additional related handout materials. The Illinois Department of Financial & Professional Regulation, Division of Insurance has approved this fee as a “necessary pension fund expense” under the Illinois Pension Code.
AM (8:00am to 12:00pm) – Fiduciary Duties of Public Pension Fund Trustees / Legal Issues and Ethics for Pension Fund Trustees
PM (1:00pm to 5:00pm) – Understanding Medical and Disability Issues
AM (8:00am to 12:00pm) – Understanding the Administration of Pension Benefits / Accounting, Compliance and Recordkeeping
PM (1:00pm to 5:00pm) – Basic Funding Concepts (2.5-hours) / Intro to Consolidation (1.5-hours)
UPDATE: on December 18, 2019, Governor J.B. Pritzker signed SB 1300, making it Public Act 101-0610. This act will consolidate all Article 3 and 4 pension fund’s investment assets. Under Public Act 101-0610, training requirements have now been reduced from 32-hours to 16-hours of new trustee training. In addition to this, current pension trustees are now required to obtain 4-hours of consolidation transition training regarding this new law.
Trustees must complete their consolidation transition training before the transition takes place (about 30 months as of January 2020).
This course must be taken in its entirety and is not available in individual modules. Each participant must successfully complete module one before attending the second remaining module. Both modules of instruction must be completed within a 12 month period. Due to class size, the participant registering for a program must attend the modules in that program. Any changes must be authorized by the IPPFA.