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State & Local Government Pension Forum

Presented by the Civic Federation, the Federal Reserve Bank, and the National Tax Association

Tuesday, February 28, 2006 -
2:00pm to 6:15pm

Federal Reserve Bank of Chicago 230 S. LaSalle Street, 3rd Floor Conference Center Chicago, IL

On February 28th, 2006, over 140 guests from public pension funds, state and local government, nonprofits, and businesses attended the State & Local Government Pension Forum presented by the Civic Federation, the Federal Reserve Bank, and the National Tax Association. The forum addressed major issues in public pension funding, including a comparison to the rising crisis in private pension plans, evaluation of the longterm costs of pension underfunding and their impact on municipal government credit ratings, as well as calls for pension reform.

Featured speakers included Federal Reserve Bank of Chicago President Michael Moskow, Tim Phoenix and Lance Weiss of Deloitte Consulting LLP, Richard Ciccarone of McDonnell Investment Management, John Kenward of Standard & Poor's, Paul Nolan of Moody's Investors Service, Joe O'Keefe of Fitch Ratings, J. Fred Giertz of the University of Illinois, James E. Spiotto of Chapman and Cutler LLP, Hank Scheff of AFSCME Council 31, and Lise Valentine of the Civic Federation.

Michael Moskow, President of the Federal Reserve Bank of Chicago, and Fred Giertz, Professor of Economics at the University of Illinois

Civic Federation Chairman of the Board Scott Saef gives opening remarks, with Lance Weiss and Tim Phoenix of Deloitte

Richard Ciccarone of McDonnell Investment Management, John Kenward of Standard and Poor's, Joe O'Keefe of Fitch Ratings, and Paul Nolan of Moody's Investors Service

ames Spiotto of Chapman Cutler LLP

Hank Scheff, Director of Research and Employee Benefits at AFSCME Council 31

Richard Ciccarone and the other panelists answer questions from the audience

Civic Federation Research Director Lise Valentine discusses a recent Federation report

Pensions Forum attendees