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National Conference on Public Employee Retirement SystemsThe Voice for Public Pensions
ADVOCACY | RESEARCH | EDUCATION
2020 PUBLIC PENSION FUNDING FORUM
August 24 - 25Virtually “Anywhere, USA”
REGISTRATION NOW OPENFollow Us on Twitter #PPFF20
ABOUT THE FORUM
The issue of pension funding gap, real or not, is often used to change pension plans in ways that are harmful to our economy. The most common solutions revolve around increasing employee contributions,
reducing benefits, and converting defined benefits plans into defined contribution plans or some combination plan. Regardless of whether these fixes will work in the long run, they do have serious societal consequences.
Empirical data suggest that undermining defined benefit pension plans increases income inequality, puts a drag on the economy, and increases economic volatility. If the dismantling of public pensions continues, our economy will suffer $3.3 trillion in damages by the year 2025. The data also show that public pensions are net revenue generators. Thus, taxpayers will have to pay more to receive the current level of services if public pensions are dismantled.
Empirical data suggest that undermining defined benefit pension plans increases income inequality, puts a drag on the economy, and increases economic volatility.
The Forum is unique in several ways:m The Forum is narrowly focused on developing research and education programs to achieve adequate funding for
pensions without dismantling them. m The background research for the Forum focuses on exploring how the dismantling of public pensions harms all
stakeholders – taxpayers, employers, and local businesses and economies – not just public employees. m The Forum engages the best minds, especially Nobel Prize–winning economists, who have a deeper
understanding of social and economic forces. m The research and education effort is driven by the people on the front lines.
WHO SHOULD ATTEND?m Trustees of state and local pension funds m Administrators of state and local pension fundsm Officials of state and local finance departments
treasurer’s officesm Legislatorsm Members of the municipal bond communitym Members of the investment communitym Members of the public pension advocacy
communitym Members of the academic and pension
research community
FEATURED SPEAKER Lars Peter Hansen
Lars Peter Hansen is the David Rockefeller Distinguished Service
Professor in the Departments of Economics, Statistics, and the Booth School of Business and the Director of BFI’s Macro Finance Research (MFR) Program at the University of Chicago. He is the leading expert in economic dynamics who works at the forefront of economic thinking and modeling, drawing approaches from macroeconomics, finance and statistics. Hansen has made fundamental advances in our understanding of how economic agents cope with changing and risky environments. He is the recipient of the 2013 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. He was also the inaugural director of the Becker Friedman Institute.
The overarching goal of the Forum is to inject new thinking that might solve the challenges to preserve and enhance public pension plans, and hence our future prosperity.
MONDAY, AUGUST 24 1:00 pm – 2:00 pm Welcome & Opening Remarks Hank Kim, NCPERS
How Long Can Public Pensions Be Sustained?
Byron Lutz, Federal Reserve Board of Governors
Tom Sgouros, Brown University Alex Brown, National Assoc. of
State Retirement Administrators
2:00 pm – 2:15 pm Break
2:15 pm – 3:00 pm Strategies to Maintain an Adequate Funding Level Through Economic Ups and Downs
David Villa, CEO and CIO, State of Wisconsin Investment Board
3:00 pm – 3:15 pm Break
3:15 pm – 4:00 pm Weighing Risks and Returns in Current Macroeconomic Trends
Lars Peter Hansen, Nobel Laureate in Economics, University of Chicago
This is a virtual event. All times are listed in EST.
2020 FORUM AGENDA
TUESDAY, AUGUST 251:00 pm – 1:15 pm Welcome Back
1:15 pm – 2:30 pm Funding Strategies in Selected Plans
Sanford Rich, New York City Board of Education RS
David Eager, Kentucky Employees Retirement System
Richard Ingram, Illinois Teachers Retirement System
2:30 pm – 2:45 pm Break
2:45 pm – 3:45 pm Funding Challenges in Corona Economy: An Actuarial Perspective
Gene Kalwarski, Cheiron Brian Grinnell, State Teachers
Retirement System of Ohio Richard Young, New York State
Teachers Retirement System
3:45 pm Thank You and Closing Remarks
ALLPARTICIPANTS WILL
EARN 4.75 HOURSOF CE
PAYMENT METHOD(All payments must be in U.S. funds)
Electronic payment is strongly encouraged due to the current pandemic.
ONLINE at www.ncpers.org. You will need your username and password to login.
E-MAIL completed registration to [email protected]
FAX completed registration to 202-688-2387
If you must pay by check, please e-mail [email protected] for mailing instructions.
*Please provide your e-mail address for updates and registration confirmation.
ATTENDEE INFORMATION(Please print clearly)
First Name: ______________________________________________________________________________________________________
Last Name: ______________________________________________________________________________________________________
Organization Name: _______________________________________________________________________________________________
Title: ___________________________________________________________________________________________________________
Address: ________________________________________________________________________________________________________
City: _________________________________________ State: ______ Zip Code: _____________________________________________
Phone: _________________________________________________________________________________________________________
E-mail Address*: __________________________________________________________________________________________________
REGISTRATION/ORDER SUMMARY
CREDIT CARD
N American Express N Visa N MasterCard
Credit Card #: _______________________________________________________________
Expiration Date: _____________________ CC Verification Code: ________________________
Name (on the card): ___________________________________________________________
Billing Address: _______________________________________________________________
City:____________________________________State:__________ Zip: _________________
Authorized Amount to Charge: $ _________________________________________________
By submitting this form, I certify I have read and understand the terms of this registration. If paying by credit card, I authorize NCPERS to charge my card for the total amount indicated.
Signature: ___________________________________________________________________
2020 PUBLIC PENSION FUNDING FORUM REGISTRATION FORM
CANCELLATION POLICYAll registration cancellations must be received in writing 24 hours before the start of the program.
No refunds will be given to cancellations after the start of the program or to no-shows. Please email your cancellation request to [email protected] or call 202-601-2445.
Attendee Registration $ __________________________________________________________________
GRAND TOTAL (U.S. funds) $ __________________________________________________________________
ATTENDEE REGISTRATION REGISTRATION FEE
m Fund/Stakeholder $250 per person
m Service Provider $300 per person
Organization Name: __________________________________________________________________________________________
First Name: ____________________________________________ Last Name: ___________________________________________
Preferred Mailing Address: _____________________________________________________________________________________
City: _______________________________________________________________ State: ____ Zip Code: _____________________
Daytime Phone: _ ____________________________________________________________________________________________
E-mail Address: ______________________________________________________________________________________________
Signature: __________________________________________________________________________________________________
Don’t miss the chance to create greater visibility for your company by being a vital part of this unique and valued educational conference.
2020 FORUM SPONSORSHIP
SUPPORT AGREEMENT & REGISTRATIONBy completing and signing this support commitment form, the below-mentioned organization or firm agrees to support the Forum at the amount selected. NCPERS agrees to comply with the terms for the selected level of support. Refunds or cancellations will not be allowed for sponsorships.
PAYMENT METHOD(All payments must be in U.S. funds)
Electronic payment is strongly encouraged due to the current pandemic.
E-MAIL completed registration to [email protected]
FAX completed registration to 202-688-2387
If you must pay by check, please email [email protected] for mailing instructions.
CREDIT CARD
N American Express N Visa N MasterCard
Credit Card #: ________________________________________________________
Expiration Date: _____________________ CC Verification Code: _________________
Name (on the card): ____________________________________________________
Billing Address: ________________________________________________________
City:____________________________________State:__________ Zip: __________
Authorized Amount to Charge: $ __________________________________________
By submitting this form, I certify I have read and understand the terms of this sponsorship. If paying by credit card, I authorize NCPERS to charge my card for the total amount indicated.
Signature: ____________________________________________________________
All levels of sponsorship include:Acknowledgement of sponsorship during event, prominent placement of company logo on event website and conference materials.
Platinum Sponsor$10,000Includes the above benefits and unlimited complimentary registrations.
Gold Sponsor $5,000Includes the above benefits and three complimentary registrations.
If your company is interested in sponsoring the Forum at one of the above sponsorship levels, please contact Cassandra Smoot at [email protected] or 202-601-2447.
Silver Sponsor$2,500Includes the above benefits and one complimentary registration.
Bronze Sponsor $1,000Includes the above benefits.
SPONSORSHIP CANCELLATION POLICYSponsorship is not confirmed until full payment has been received. Once confirmed by NCPERS, sponsorship commitments are non-refundable.