This includes his term as a City Council member from 2011-2015, his work with 360 Youth and Family Services, Naperville Responds For Our Veterans, the Downtown Naperville Alliance (DNA), City of Naperville Advisory Cultural Commission, the Naperville Area Chamber of Commerce Legislative Steering Committee and the DuPage Mayors & Managers Conference, which he served as president of for the 2019 fiscal year. LEX, Homer Township Fire Protection District Firefighters' Pension Fund, Mass Firefighter Sues for $2.75 Million Claiming Gender Discrimination, Female FDNY EMT Claims Gender Discrimination By Female Chief, Connecticut Suit Over Merit Promotional Testing to Proceed, Former Firefighter Arrested for Burglarizing Former Firehouse, Georgia Firefighter Arrested For Hiding Bathroom Cam in Women’s Bathroom in Firehouse, Deaf Idaho Firefighter Claims Termination Was Discrimination, Disabled Georgia Fire Lieutenant Claims City Wrongfully Changed Pension Laws To Limit Her Benefits, Join us Nov. 17-19, 2020 for Drafting Effective FD Policies & Procedures, Former Firefighter Arrested for Burglarizing Former Firehouse - Fire Law Blog, Mass Firefighter Sues for $2.75 Million Claiming Gender Discrimination - Fire Law Blog, Female FDNY EMT Claims Gender Discrimination By Female Chief - Fire Law Blog. William R. Atwood was named interim executive director of the Illinois Firefighters' Pension Investment Fund. The Pension Division is responsible for the administration and reporting of the Firefighters’ and Police Pension Funds. Nichting is the Co-Chairman of the Central Illinois Federal Weed and Seed Committee. Tenth Floor Armed with an M.A. Sullivan joined the Air Force in 1987 and was honorably discharged in 1991. Upon returning he experienced a number of PTSD related symptoms and was treated extensively through the Veterans Administration. Our members manage over eighteen billion dollars in pension assets. The Interim Board of Trustees was appointed by Governor Pritzker on January 31, 2020. The Firefighters’ Pension Fund provides pension benefits for the City’s firefighters. © 2020 Forbes Media LLC. Gregory Prawdzik was a firefighter for the Homer Township Fire Protection District. Unpub. Prawdzik then sought review by the Court of Appeals. He earned his bachelor’s degree and Master of Business Administration from Bradley University. But the $155 million cost is based on explicit transition costs of $7 - $12 million, and implicit costs in a worst-case scenario of as high as $142 million; the report fails to mention except via a graph, that there is a similar potential of gains due to market volatility. What’s more, they claim, by means of developing a worst-case scenario, that a transition to a consolidated pension fund would cost as much as $155 million, assuming at all assets must be liquidated in order to implement the new fund (a questionable claim in the first place), and that market volatility could hypothetically result in losses due to the timing of the sales and the new asset purchases. Choose your news – we will deliver. In order to qualify, the injury must make them incapable of performing their duties. Injured police officers and firefighters are entitled to pension benefits equal to 50% of their salary. Main Office Opinions expressed by Forbes Contributors are their own. George Schick will serve on the Firefighters’ Pension Investment Fund. The Trustees are fiduciaries for the participants and beneficiaries of the participating pension funds and discharge their duties solely in the interest of the fund participants and beneficiaries. Matthew Kink will serve on the Firefighters’ Pension Investment Fund. When Prawdzik returned to duty with the fire department he continued to experience psychological issues related to PTSD. Article 5 - Policemen's Annuity And Benefit Fund--Cities Over 500,000. Cole is a graduate of Southern Illinois University at Carbondale with a bachelor’s degree in a double major of political science and biological sciences, and a master’s degree in legal studies from the SIU School of Law. Article 4 - Firefighters' Pension Fund - Municipalities 500,000 And Under. … * Cole has served as executive director of the Illinois Municipal League since 2014. Chuck Sullivan will serve on the Firefighters’ Pension Investment Fund. Some documents are specific to a fund. LEX. Pension consolidation for Illinois' 650 local police and fire funds? The Trustees are fiduciaries for the participants and beneficiaries of the participating pension funds and discharge their … He earned his bachelor’s degree in management from Benedictine University. The IPPFA was founded in 1985 as a not-for-profit organization whose mandate was to educate public pension fund trustees. Gregory Prawdzik was a firefighter for the Homer Township Fire Protection District. As of January 1, 2019, the fund was valued at $157 million and … Hunt previously served as vice president of the Associated Firefighters of Illinois from 2006 to 2018, president of Bolingbrook Local 3005 from 1985 to 2001 and president of the Bolingbrook firefighters pension fund from 1987 to 2002. J.B. Pritzker consolidating 649 downstate and suburban police and fire pension … * 0. Most recently, Cole was Senior Vice President of Pepsi MidAmerica. He was deployed to Afghanistan for 10-months in 2008-2009 during which time he served as a combat medic. Center of Excellence. 927 S. Second Street Springfield IL 62704 (217) 522-8180 Email: email@example.com . Yes, I'm a nerd, and an actuary to boot. Peoria residents see 95 cents of every property tax dollar for police captured by police pensions, which is projected to increase to 100% of property tax collections next year. Previously, Kink worked at Levi, Ray and Shoup as senior counsel. To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. 150 N. Michigan Ave. For eight years prior, Mr. Schick worked as an engineer and EMT for the North Palos Fire Protection District. Center of Excellence. The goals of strong returns and lower fees complement each other. Documents applicable to all funds or general information, are automatically displayed if any exist. As of January 1, 2019, the fund was valued at $157 million and provided benefits to 320 pensioners. Share on Facebook; ... Firefighters’ Pension Investment Fund. IAFF. Our Mission Statement: Dedicated to the advancement of the Fire Service by providing leadership. If you are looking for information on the Illinois Municipal Retirement Fund, it can be found here. AFFI Member Store. | FireLawBlog.com & Curt Varone |, Illinois Appellate Court Concludes Firefighting Exacerbated Combat Vet’s PTDS, 2018 Prawdzik v. Bd. Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors. Yes, I'm a nerd, and an actuary to boot. He was hired by CFD in 1995 and is a Captain. The Firefighters' Pension Investment Fund was created by a law signed in December by Illinois Gov. * Bramwell is a 23-year first responder who currently serves as a firefighter in the Village of Bolingbrook and as president of the Bolingbrook Firefighters Pension Fund, the Bolingbrook Firefighters Retiree Healthcare Funding Trust and IAFF Local 3005. A 9-member Board of Trustees made up of 4 active firefighters, 1 retired firefighter and 4 representatives of employers governs the Fund. Steve Chirico will serve on the Firefighters’ Pension Investment Fund. And, of course, it should also go without saying this consolidation plan has no impact on the fiscal health of the State of Illinois. actuarial credential, with 20 years of experience at a major benefits consulting firm, and having blogged as "Jane the Actuary" since 2013, I enjoy reading and writing about retirement issues, including retirement income adequacy, reform proposals and international comparisons. Brad Cole will serve on the Firefighters’ Pension Investment Fund. Mayor’s Office on Domestic Violence and Human Trafficking Prevention, International Connections and Sister Cities, Foreclosure Notices & Available Properties, Public Notice of the Schedule of Regular Meetings, Rental/Vacant/Foreclosing Property Registration, Community Housing Development Organization, Sanitation, Solid Waste, and Recycling Services, CDBG Development Assistance and Job Creation, Rockford Historic Preservation Commission, Summary of Benefit Coverage Documents- Health Insurance, How to Obtain Information from the Rockford Police Department, Chestnut Street Bridge Active Transportation Enhancements, East State Street (Mill Road-Bell School Road), Illicit Discharge Detection and Elimination. According to the Illinois Policy Institute, “Over the last decade, Peoria has seen its annual public safety pension costs double to $20 million from $10 million, according to the State-Journal Register. The law created the Illinois Police Officers' Pension Investment Fund, and Illinois Firefighters' Pension Investment Fund, which together consolidate an estimated $15 billion in assets. Illinois Firefighters’ Pension Investment Fund Pensions. Hunt previously served as vice president of the Associated Firefighters of Illinois from 2006 to 2018, president of Bolingbrook Local 3005 from 1985 to 2001 and president of the Bolingbrook firefighters pension fund from 1987 to 2002. April 1, 2020 / by Kurt Snow. The Firefighters’ Pension Fund provides pension benefits for the City’s firefighters. CONTACT US. He has since served as vice president, public infrastructure fund, for the Illinois Finance Authority. * Sullivan currently serves as Fire Captain at the City of Champaign Fire Department. He previously worked as a paramedic in the Village of Forest Park and for Elmhurst-based Superior Air-Ground Ambulance Service. After graduating from Naperville Central, Chirico went on to attend Northern Illinois University.