The administration of a public pension fund is a very complex task. This two-part educational program is designed to increase a trustee’s basic knowledge of fiduciary responsibility, funding and actuarial concepts, medical and disability issues, the administration of pension benefits, and legal and ethical issues. Illinois statutes hold the pension fund trustee to the standard of a “prudent expert,” yet give little direction on how a trustee can obtain a fundamental understanding of important legal and administrative tasks. To meet these needs, the IPPFA, an Association of Public Pension Funds, began a partnership with Northern Illinois University (NIU) in 1999 to offer the public pension funds the Certified Trustee Program.
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 of new trustee training to 16-hours. In addition to this, current pension trustees are also now required to obtain 4-hours of consolidation transition training regarding this new law. This Certified Trustee Program will satisfy those 16-hours of the required new trustee training, however, pension trustees will still need 4-hours of consolidation transition training.
By attending one of our Certified Trustee Programs, you are able to hear from both speakers and professionals who work in the public pension arena on a daily basis. Receive up-to-date information in the areas of legislation, ethics, the economy, and fiduciary responsibilities.
Registration begins at 7:30 am on December 6, 2022
Space is limited, so be sure to register now.
December 6th & 7th, 2022
8:00 AM – 5:00 PM CT
NIU Outreach Campus
1120 E. Diehl Road, Room 266
Naperville, IL 60563