Two-Day Workshop
Saturday, November 7 and Sunday, November 8, 2015

New Trustees Institute is designed for trustees who have served for less than two years, or who have not previously attended an International Foundation educational program. The program provides valuable insight into the role and responsibilities of trustees. A separate certificate of attendance will be awarded to those who meet the program’s attendance guidelines.

Session Schedule/Speakers/Handouts

Saturday, November 7 • 7:30 a.m.-3:00 p.m.

7:30-10:00 a.m.—Trustee Responsibility

  • History of benefits/legislation
  • Governing documents
  • Who can be a trustee
  • Fiduciary responsibilities under ERISA
  • Relationship of trustees and parties to the collective bargaining agreement
  • Conducting effective trust agreements

10:15-11:30 a.m.— Overview of Health and Welfare Funds

  • Purpose and objectives
  • Types of plans
  • Plan design alternatives
  • Funding methods/types of administration
  • Reserve objective and analysis
  • Income and expenses
  • Communication needs and requirements

11:30 a.m.-12:30 p.m.—Lunch Break (on your own)

12:30-1:30 p.m.—Current Issues in Health and Welfare

  • Key factors contributing to rising health care costs
  • Retiree medical benefits
  • Description of cost-containment programs available
  • Collecting/analyzing data
  • Health care reform and other legislation

1:45-3:00 p.m.—Understanding the Fund's Financial Statements

  • Roll of CPA
  • Fiduciary responsibilities
  • Questions the financial statements should answer
  • Relationship among the financial statements, year-end audit and government filings

Sunday, November 8 • 7:30 a.m.-3:00 p.m.

7:30-9:15 a.m.—Overview of Pension Funds

  • Purpose and objectives
  • Defined benefit pension plans
  • Legal
  • Actuarial
  • Administration
  • Manage the money

9:30-10:30 a.m.—Current Issues in Pensions 

  • Defined contribution and hybrid plans
  • Accounting changes
  • Market performance
  • Pension Protection Act
  • The future of retirement

10:45 a.m.-12:30 p.m.— Investing Health and Welfare and Pension Assets

  • Investing process
  • Investment objectives and policy
  • Asset classes and allocation
  • Hiring managers—active vs. passive choice

12:30-1:30 p.m.—Lunch Break (on your own)

1:30-3:00 p.m.—Trust Fund Administration

  • Types of administration
  • Role of professionals and advisors
  • Records and documents
  • Communication needs and requirements
  • Best practices


Topics and schedule subject to change.