- , Federal Reserve Bank of Chicago



7:30 a.m.		Registration and Continental Breakfast
8:15 a.m.		Welcome and Introductions Scott Saef, Chairman, The Civic Federation and Bill Testa, Vice President, Federal Reserve Bank of Chicago
8:25 a.m.		The Impending Pension and Health Plan Crisis and the Impact of an Aging Workforce on Talent Management The Impending Pension and Health Plan Crisis and the Impact of the Aging Workforce (PDF, 115KB) Tim Phoenix, Deloitte Consulting LLP Lance Weiss, Deloitte Consulting LLP
9:00 a.m.		An Independent View of the Credit Risks of Pension Underfunding The Credit Risks of Underfunded Pension Liabilities for State & Local Governments (PDF, 567KB) John Kenward, Standard & Poor's Moody's Perspective on OPEB (PDF, 327KB) Paul Nolan, Moody's Investors Service Credit Risks of Underfunding Pensions (PDF, 142KB) Joe O'Keefe, Fitch Ratings An Independent View of the Credit Risks of Pension Underfunding (PDF, 60KB) Richard Ciccarone, McDonell Investment Management
9:45 a.m.		Break
10:00 a.m.		The Regional Perspective on Pension Issues The Regional Perspective on Pension Issues Michael H. Moskow, President, Federal Reserve Bank of Chicago
10:10 a.m.		Are Public Pensions Able to Break from the Path of Social Security and the Private Sector? Are Public Pensions Able to Break from the Path of Social Security and the Private Sector? (PDF, 115KB) J. Fred Giertz, University of Illinois at Urbana—Champaign and The National Tax Association
10:45 a.m.		If the Pension Bomb Stops Ticking, What Happens Next? If the Pension Bomb Stops Ticking, What Happens Next? (PDF, 480KB) James E. Spiotto, Chapman and Cutler LLP
11:10 a.m.		The Organized Labor Perspective on Pension Issues Public Pension Funding: The Organized Labor Perspective (PDF, 224KB) Hank Scheff, American Federation of State, County and Municipal Employees, Council 31
11:20 a.m.		Best Practices for Reforming Pension Governance Recommendations to Reform Public Pension Boards of Trustees in Illinois (PDF, 268KB) Lise Valentine, The Civic Federation
11:40 a.m.		Where Should (or Will) We Go from Here? All panelists will join in an interactive discussion which will identify the probable and improbable future for public pensions.
12:15 p.m.		Adjournment Last updated: March 23, 2006

State and Local Government Pension Forum