New and Current Board Member Training Course
New Board Members
- 32 Hours Includes 8 Hours Ethics
- 24 Hours – No Ethics
Current Board Members- 16 Hours
- 8 Hours Ethics
- 8 Hours Continuing Education
New fire and police pension board members, according to Illinois State Law (40 ILCS 5/1-109.3 new), must complete a total of 32 hours of training within one year of election or appointment to the pension board. This 32-hour training, presented by the Illinois Public Pension Advisory Committee and Judson University’s Leadership Development Group, is a combination of 24 hours of new member training and eight hours of ethics training. When taken together they meet the 32-hour requirement.
Because these courses are offered in a stand-alone format, we are able to offer you the option of taking either 24 hours of training or the full 32 hours in order to fulfill the requirement set forth in Illinois State Law.
For a limited time, Police & Fire Pension Board trustees are invited to register for the On-line Training Course offered through Judson University Leadership Development Group for an introductory price. Successful completion of the course fulfills annual training requirements under 40 ILCS 5/1-109.3(b) and 40 ILCS 5/1-113.18.
To take advantage of these reduced prices, pension board trustees must register no later than Friday, June 30, 2017 at www.realippac.com.
24-Hour New Member Training
You should take the 24-hour course if you have taken an ethics course either through IPPAC/Judson University or somewhere else since becoming a new pension board member.
32-Hour New Member Training
You should take the 32-hour course if you have not taken any ethics course since becoming a new pension board member. Judson University is offering a discount on both courses when taken together through their institution.
During the New Pension Board Member Training, you will accomplish the following objectives:
- Complete the requirements of the State of Illinois to remain in compliance
- Describe the duties and liabilities of a fiduciary
- Identify the process for adjudication of pension claims
- Develop basic accounting skills
- Understand the Illinois Open Meetings Act and the Illinois Freedom of Information Act
- Learn foundational investment knowledge
8-Hour Continuing Education
Caring for Your Pension Board
This 8 hour online course covers basic leadership knowledge such as goal setting, power base usage, influence strategies, managing conflict, and problem solving.
The benefit of taking this course online is that you can access it anytime—24/7. Because it is in an online format you can work at your own pace, and come and go as you like. All of your coursework is saved electronically, so there’s no risk of losing any information.
For the 16 hour continuing education requirement for current trustees, in addition to this 8 hour continuing education course, you should also take the 8 hour Ethics course.
32 Hour New Member Training Option (Includes Ethics)
- Current IPPAC Member Large Fund Trustee (Over 2.5 million in assets): $500
- Small Fund Trustee (Less than 2.5 million in assets): $400
- Non-member Fund Trustee: $650
24 Hour New Member Training Option (Does not include Ethics)
- Current IPPAC Member Large Fund Trustee: $375
- Small Fund Trustee: $300
- Non-member Fund Trustee: $500
8 Hour Continuing Education
- Current IPPAC Member Large Fund Trustee: $125
- Small Fund Trustee: $100
- Non-member Fund Trustee: $200
8 Hour Ethics Training Course
To receive the IPPAC member rate for this training you will be asked to provide your fund’s member number for the year during the registration process. Member numbers will be provided to each fund that is current in their membership dues. Please check with your fund’s secretary for your member number.
Not an IPPAC member? Please click on the “Join Us” tab at the top of this page for more information.
You may also forward this form either by email or fax (224-535-8525) with the request that IPPAC invoices your fund.
Once registration has been processed and payment has been received, participants will receive a confirmation email within five business days containing their username, password, and instructions needed for logging into the Judson University Blackboard Academic Suite™.
Upon fully completing the course, participants will be able to print their own certificates of completion.
If you need assistance at anytime during this process, or if you need more information about this course or other courses offered, please contact:
Email us by clicking here.