Submit Your Questions for the Ask Your Attorney Panel at the Illinois Pension Conference.
May 6, 2021
IPPFA Heroes Family Fund Golf Outing
May 4, 2021
IPPFA ILLINOIS PENSION CONFERENCE REGISTRATION NOW OPEN
May 5-7, 2021 at the Marriott Lincolnshire Resort
NOTICE: BOARD OF TRUSTEES AND COMMITTEE MEETINGS 2021 MEETING CALENDAR
Please be advised that the time and location for these meetings are subject to change per the Open Meetings Act (5 ILCS 120). These meetings may also be changed to conform with Governor Pritzker’s Disaster Proclamation in effect on the date and time of the meeting. Please be advised that all Board and Committee meetings will be held on Central Time.
NOTICE: Governance Committee Meeting
The Illinois Police Officers’ Pension Investment Fund will conduct a Governance Committee Meeting on Friday, January 15, 2021 at 2:00 p.m.
NOTICE: BOARD OF TRUSTEES MEETING
Board of Trustees of the Illinois Police Officers’ Pension Investment Fund will conduct a meeting on Friday, January 8, 2021 at 9:00 a.m. via the Zoom digital platform
The Illinois Police Officers’ Pension Investment Fund (hereafter “IPOPIF”) was created by the Illinois Legislature and signed into law by Governor JB Pritzker on December 18, 2019. The law, Public Act 101-0610, provided for the mandatory consolidation of the investment assets of the state’s public safety pension funds into two investment funds, one for police officers (Article 3) and one for firefighters (Article 4). The investment fund will be governed by a nine-member, independently elected and autonomous Board of Trustees.
The Transition Board of Trustees of the IPOPIF conducted the nomination of candidates and election of Permanent Board of Trustees in accordance with the Act. An election was not needed for the municipal representatives nor beneficiary representatives and all Trustees currently seated in these positions were elected to the Permanent Board by acclamation. Governor Pritzker’s Illinois Municipal League representative was reappointed and will be seated on the Permanent Board. All Trustees will take the Oath of Office at the January 8, 2021 board meeting.
Six candidates were interested in running for the three participant representative positions and an election was conducted by the IPOPIF’s independent election service provider, Survey & Ballot Systems. Election ballots were mailed to 12,903 eligible participant members of Article 3 police pension funds. A total of 4,771 ballots were received and accepted for tabulation, which represented a 36.98% return rate. There was one ballot received that was deemed invalid and was not counted in the final tabulation. Also, 29 ballots were returned as undeliverable and were not included as a part of the total count of 4,771 ballots. The following three participant representatives were elected by Article 3 active member participants, pending certification at the December 14, 2020 board meeting. Once certified, these participant representatives will take the Oath of Office at the January 8, 2021 board meeting:
Shawn P. Curry, Sergeant, Peoria Police Department
Lee Catavu, Officer, Aurora Police Department
Paul Swanlund, Officer, Bloomington Police Department
The Transition Board of Trustees offers their appreciation to Art Holecek, Aaron Porter and Steve Witnik for their candidacy and interest in serving on the IPOPIF Board of Trustees.
The Permanent Board of Trustees will be seated at the January 8, 2021 board meeting. All Trustee terms will be established at this meeting. Please contact me with any questions.
Saving Blue Lives through Training on PTSD, Suicide, Resilience, and Peer Support
The Illinois Public Pension Fund Association (IPPFA) and Northern Illinois University have teamed up to develop a program to assist law enforcement leaders and rank-and-file officers in expanding their knowledge of Post-Traumatic Stress Disorder, as it effects police officers. This program, “Saving Blue Lives through Training on PTSD, Suicide, Resilience and Peer Support,” is offered at no cost to those attending.
First responders are routinely exposed to critical incidents involving exposure to injury or death in others, as well as the risk of injury or death to themselves. Research shows, and those in the profession intuitively know, that individual incidents and accumulated exposure can adversely affect the mental and physical health of those involved.
The NIU – IPPFA Program will include:
NIU has received a grant from the Illinois Criminal Justice Information Authority for a demonstration project. This allows NIU and the IPPFA to develop and sponsor two, two-day seminars on PTSD awareness and dealing with this condition. The seminars will be conducted by a qualified mental healthcare professional, along with the assistance of experienced sworn personnel with substantial careers in emergency response and investigations. If the initial program is successful, funding may be available for up to a three-year period of outreach on this vital topic. As we proceed, the program will be expanded to include fire/EMS.
Here are the upcoming dates (all trainings are 8a – 4p):
January 11th and 12th
February 8th and 9th
March 22nd and 23rd
Training will be held via Zoom. We’ve now done four virtual trainings and they have gone very well, We limit the number of attendees to 30 with Zoom, so sign up soon!
Source: Illinois Department of Insurance Public Pension Division
In accordance with state law, the Department of Insurance (“Department”) is to annually calculate the maximum annual salary for annuity purposes and the Cost of Living Adjustment to annuity (“COLA”) applicable to Tier II participants and Tier II annuitants in the retirement systems and pension funds established under the Illinois Pension Code, and to make the results of those calculations available to the boards of trustees of those systems and funds by no later than November 1 of each year.
The Department interprets the Illinois Pension Code to provide for a COLA for Tier II annuitants and an increase to the maximum annual salary for annuity purposes of Tier II participants when there has been an annual unadjusted percentage increase in the Consumer Price Index (CPI) for the 12 months ending with the September preceding November 1 of a given year. If the annual unadjusted percentage change in the CPI during that period is zero or is negative, however, then the Department interprets the Illinois Pension Code to require that, in the next calendar year, neither an increase in the maximum annual salary for annuity purposes of Tier II participants nor a COLA for Tier II annuitants shall be provided. For the year ending in September of 2020, the annual unadjusted percentage increases in CPIs are positive; therefore, there will be a COLA for Tier II annuitants and an increase in the maximum annual salary for annuity purposes of Tier II participants.
NOTICE: BOARD OF TRUSTEES MEETING
To Be Held on Friday, December 18, 2020 9:00 A.M.
Because of the COVID-19 emergency and to comply with social distancing guidance, public participants are encouraged to participate by teleconference and/or videoconference.