Classes are offered online and in-person.
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 held at the NIU Outreach Centers in Naperville, IL All modules must be completed within a 12 month period.
The cost of the in-person program is $525.00 per participant for IPPFA Members, and $1,050.00 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 instructional 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.
MODULE 1
8:00am to 12:00pm Fiduciary Duties of Public Pension Fund Trustees / Legal Issues and Ethics for Pension Fund Trustees
12:00pm to 1:00pm Lunch (Provided)
1:00pm to 4:00pm Understanding Medical and Disability Issues
4:00pm to 5:00 pm Social Security Update
MODULE 2
8:00am to 12:30pm Understanding the Administration of Pension Benefits, Accounting, Compliance and Recordkeeping
12:30pm to 1:30pm Lunch (Provided)
1:30pm to 4:00pm Basic Funding Concepts
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.
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.
