Golf Registration for the 2018 IPPFA Illinois Pension Conference is NOW Open
Source: IPPFA

2018 Golf Registration Form

Golf will be held at WeaverRidge Golf Club, Peoria, IL.

What is perhaps Illinois’ most spectacular Championship golf course is set in rolling hills and forested valleys, surrounded by the beautiful homes of WeaverRidge. This is a community unrivaled anywhere in Central Illinois, planned for gracious living and challenging golf for players of all ages and abilities.

Masterfully created by Hurdzan-Fry to balance nature with design, WeaverRidge features multiple bent grass tees and fairways, fast and true greens, challenging and dramatic elevations and excellent practice facilities for those wishing to improve their game or just get warmed up before the round.

2018 Golf sponsorship form

 


 

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2017 Fiscal Analysis of the Downstate Police & Fire Pension Funds in Illinois
Source: CGFA

CGFA has issued 2 similar reports on the Downstate Police and Fire Funds: the Fiscal Analysis of the
Downstate Police and Fire Pension Funds in Illinois (P.A. 95-0950), which was last produced in
January 2015, and the Report on the Financial Condition of the Downstate Police and Fire Pension
Funds (P.A. 96-1495), which was last produced in May of 2015.

This Financial Condition report provides a catalogue of summary data for every single Police and Fire
fund for the last ten Fiscal Years. This report is being submitted to fulfill the Commission’s
responsibilities under P.A. 95-0950. Upon examination of the individual fund data that we received
from the DOI, a determination was made that the inconsistencies in available actuarial data across
various funds, and, at times, within certain funds from year-to-year, made the type of individual fund
report that was published in January of 2015 virtually impossible. The Commission will continue to
examine actuarial data that we obtain from DOI, and if the quality of the data improves to a degree that
such an individual fund analysis becomes possible, we will revert back to the previous format in future
reports.

 

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3 Signs You’re Not Saving Enough for Retirement
Source: The Motley Fool

 

Nearly 40% of Americans are losing sleep at night worrying about saving for retirement. Perhaps not coincidentally, this is almost identical to the percentage of Americans who have nothing saved for their senior years .

Concerns about how you’ll survive as a senior are not unfounded. There’s a serious retirement crisis brewing, with median retirement-account balances throughout the U.S. valued at just $5,000, and studies showing we spend more time planning for vacations than for retirement. In fact, Americans may actually not be worried enough about retirement.

If you’re stashing away cash, you may be one of the millions of Americans who aren’t concerned because you think you’re covered — but are you really? To take stock of your retirement situation, consider three red flags that suggest you’re not saving enough.

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Canadian pension plans end 2017 nearly fully funded – Mercer
Source: P&I

Canadian public and corporate defined benefit plans were a median 97% funded as of Dec. 29, according to Mercer (Canada), up 4 percentage points from the end of 2016 but unchanged from three months ago.

Separately, Mercer’s pension health index, which tracks the typical Canadian defined benefit plan based on 100% funding as of Jan. 1, 1999, was 106% funded at the end of the fourth quarter, the same as the end of the previous quarter but also 4 percentage points higher than a year earlier, Mercer said in a news release.

Surging equity markets helped maintain overall funding in the fourth quarter. Partially mitigating equity gains were long-term interest rates that fell 30 basis points in the quarter.

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The Funded Status of Local Pensions Inches Closer to States
Source: CRR

The brief’s key findings are:

  • Since 2001, the aggregate funded status of local pension plans has lagged behind that of state plans, but the gap has been closing recently for two reasons.
  • First, local plans continue to receive more of their required contributions than state plans and are a bit more likely to use stringent funding methods.
  • Second, in recent years, local plans have earned stronger investment returns than state plans, perhaps partly due to a lower allocation to alternative investments.
  • Despite this progress, many local plans – like their state counterparts – still face significant funding challenges.

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