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 registration@ncpers.org

FAX completed registration to 202-688-2387

If you must pay by check, please e-mail registration@ncpers.org 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 registration@ncpers.org 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 registration@ncpers.org

FAX completed registration to 202-688-2387

If you must pay by check, please email registration@ncpers.org 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 cassandra@ncpers.org 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.