Head of John Marshall Law School Acting Dean Corkery's Welcome
John Marshall Law School Acting Dean John Corkery welcomes guests to the workshop.
John Marshall Law School Acting Dean John Corkery welcomes guests to the workshop.
Kathryn Kennedy, director of the JMLS Center for Tax Law and Employee Benefits, welcomes guest to workshop.
Kevin Hull, JMLS Director of Alumni Relations, thanks guests for their attendance at the workshop.
Barry Kozak, JMLS Associate Director of Employee Benefits, and Sheila Weinberg, IFTA Founder & CEO, outline the format and goals of the the workshop.
Front row-left to right-Lance Weiss, James Spiotto, Charles Whelan and Fred Giertz
Back row-left to right-Ann Lousin, Sheila Weinberg, Barry Kozak, Dawn Clark Netsch and Steve D'Arcy
Front Row Left to Right-Sheila Weinberg, Ann Lousin, Barry Kozak. Back Row Left to Right-Kathryn Kennedy, Fred Giertz, John Corkery, Charles Whelan, James Spiotto, Steve D'Arcy, Jim Covinton and Lance Weiss
Left to right-Ann Lousin, James Spiotto, Charles Whelan, Fred Giertz, Steve D'Arcy, Lance Weiss and Dawn Clark Netsch
Discusses how the Illinois Budgets can be balanced, yet the State continually runs deficits.
Provides an overview of the possible legal meltdown: who and when can someone sue for improper funding or accounting
Tells the audience the risk of businesses' and taxpayers' flight if state taxes are too high to fund overpromised pension benefits
Highlights how funding of public sector pension plans fit into all of the expenses incurred by the state (education, healthcare, retiree health benefits …)
Charles Whelan, Fred Giertz, Steve D'Arcy and Lance Weiss
Jim Covington, director of Legislative Affairs at the Illinois State Bar Association, provides guidance for the workshop's breakout sessions.
Stephen D'Arcy, professor of Finance at the University of Illinois at Urbana–Champaign (right), and Charles Wheelan, lecturer at The Harris School of Public Policy at the University of Chicago (not pictured), lead discussion regarding aligning incentives-where do pension liabilities fit in with all other State expenditures.
Lance Weiss, Consulting Actuary at Deloitte Consulting LLP (far left), and Barry Kozak, JMLS (center of right group), lead discussion regarding pension plans' funding targets and asset investment strategies.
J. Fred Giertz, professor of Government & Public Affairs at the University of Illinois at Urbana–Champaign (far right), and James Spiotto, partner Chapman and Cutler LLP (his back to the camera), lead discussion of protected pension benefits for current State employees and benefit promises for future State employees.
Ann Lousin, professor of Law at The John Marshall Law School (far left), and Sheila Weinberg, Institute for Truth in Accounting Founder & CEO (center), lead discussion about the disclosure of Illinois' liabilities and strategies to educate the public and policymakers.
