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The downsides of retirement that nobody talks about
Source: MSN Money

July 8, 2019 Ken Sarni News

The downsides of retirement

The realities you face when you stop working might be a far cry from your retirement dream. Of course, retiring broke or not being able to retire at all are among the worst-case scenarios.

But there are plenty of other snags you might encounter. If you haven’t properly prepared for leaving the working world and living without a paycheck, you’ll have to face the ugly truths about retirement. Find out 14 downsides of retiring that no one talks about, along with solutions to avoid each potential problem.

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Registration Now Open for the 2019 MidAmerican Pension Conference
Source: IPPFA

July 8, 2019 Ken Sarni News

Registration Now Open for the 2019 MidAmerican Pension Conference.

For over 30 years the IPPFA has offered Public Pension Trustees the best and latest in trustee training. With the recent far reaching changes in pension law and with the difficult challenges yet to come, the IPPFA strives to prepare pension trustees for the future. Please join us for Training in Ethics, Investment Procedures, Fiduciary Responsibilities, Legal and Legislative Updates, and much, much more and all with nationally renowned speakers.

The Trustee Workshop will be offered on Tuesday October 1st, designed for those trustees that need a refresher or are new to a board. And as every year the IPPFA Golf Outing will be held before the conference on October 1st.

After a busy day attending the conference, enjoy one of the many recreational facilities the Grand Geneva has to offer or dine, relax and network at one of the several restaurants and lounges on site. Need to get out?  Drive less than 10 minutes to one of Downtown Lake Geneva’s many restaurants.

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Gov. J.B. Pritzker says Illinois can’t take on Chicago’s public pension liabilities without trashing state credit rating
Source: Chicago Tribune

July 8, 2019 Ken Sarni News

Illinois cannot assume the unfunded pension liabilities of Chicago and other municipalities across the state because its credit rating would be reduced to junk status if it did, Gov. J.B. Pritzker said Monday.

But the state is still looking for ways to help offset municipalities’ soaring pension debt and he left open the possibility of a consolidation in which the local governments could pool their money for better investment returns.

Mayor Lori Lightfoot reportedly wants the state to consolidate Chicago’s pension funds with more than 650 suburban and downstate police and firefighter pension funds, according to a recent Crain’s Chicago Business story.

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About IPPFA

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The IPPFA was founded in 1985 as a not-for-profit organization whose mandate was to educate public pension fund trustees. In 2009 the IPPFA became the primary education provider for public pension fund trustees in the state of Illinois. Our members manage over eighteen billion dollars in pension assets.

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