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Welcome to the official web site
of the Illinois Public Pension
Fund Association, dba IPPFA. The
IPPFA was founded in 1985 as a
not-for-profit umbrella
association representing police
and fire defined benefit
retirement funds in the State of
Illinois. Founded by a small
group of elected fund trustees
who were bewildered by their new
responsibilities, but who were
intrigued by the possibilities
they saw around them. The
original goals of the
Association were educating
pension fund trustees, providing
legal advice, representation for
pension funds and proposing and
supporting legislation
beneficial to Illinois Pension
Funds. Today those goals remain
unchanged. In 2001, the IPPFA
Board of Directors introduced
proprietary 457, VEMA, and VEBA
plans to further insure the
retirement security of public
safety personnel.
There are currently over six
hundred police and fire pension
funds in Illinois. The Board of
Trustees of each fund makes the
investment decisions, manages
the fund, and authorizes
disability and retirement
pensions in accordance with
Illinois Statutes. In the
aggregate, these funds manage
over ten billion dollars.
The IPPFA services member needs
by holding educational seminars
and an Annual Training
Conference, in conjunction with
Northern Illinois University the
IPPFA offers a Certified Pension
Trustee School which has trained
over 600 trustees since 1999, by
producing trustee and investment
handbooks, by making referrals
for professional services as
required (e.g. physicians,
attorneys, accountants,
actuaries, money managers,
financial advisors), by
sponsoring and supporting
legislation, by creating
networking opportunities, and by
sponsoring prepaid medical
retirement plans and an optional
defined contribution plan (the
IPPFA VEBA plans and the IPPFA
457 plan). IPPFA maintains
active memberships and
reciprocal agreements with state
and national organizations that
have similar goals and
objectives.
In recent years there have been
many changes and attempted
changes to the pension code,
some favorable and some not. In
an effort to assure our members
are kept up to date on these
changes or proposals, the IPPFA
publishes a quarterly newsletter
and through the IPPFA web site
can send e-mail blasts when
important information needs the
attention of our members.
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