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Our 32-hour
Certified
Trustee Program
is offered throughout the year in four eight-hour modules
from 8:00am to 4:00pm. Each one of the modules is approximately
one month apart. Classes are held at the NIU Outreach
Centers in Naperville (N) and
in Hoffman Estates (HE). All modules must
be completed within a twelve month period. |
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The cost
of the program is $750 per
participant for IPPFA members
and $1,200 for non-members and includes
all instructions, a notebook, all textbooks and related
handout materials. A $25 reassignment fee will be assessed
for each missed module. The Illinois Department of Financial
& Professional Regulation, Division of Insurance has
approved this fee as a "necessary pension fund expense"
under the Illinois Pension Code.
All
Article 3 & 4 Pension Trustees elected or appointed
AFTER August 13, 2009 are required to attend a
32-hour trustee certification course within 18 months
of election or appointment to the board.
This course must be taken in its entirety and is not available
in individual modules. Each participant must successfully
complete module one before attending any of the three
remaining modules. All four modules of instruction must
be completed within a twelve month period. Due to class
size, participant registering for a particular Program
must attend the modules in that Program. Any changes must
be aurthorized by the IPPFA. |
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