WELCOME

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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