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Coronavirus Information and Resources
Source: U.S. Department of Labor

The U.S. Department of Labor is committed to protecting the health and safety of America’s workers, and providing resources to help workers and employers prepare for COVID-19 (also known as novel coronavirus).

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Financial Stability Report
Source: Board of Governors of the Federal Reserve System

The coronavirus (COVID-19) pandemic has caused tremendous human and economic hardship across the United States and around the world. The pandemic and the measures takento contain it have effectively closed some sectors of the economy since mid-March. Economic activity in the United States has contracted at an unprecedented pace, and the unemployment rate surged to 14.7 percent in April.

The disruptions to economic activity here and abroad have significantly affected financial conditions and have impaired the flow of credit. Policymakers in the United States and worldwide have taken extraordinary measures to strengthen the recovery once the health
crisis passes. The Federal Reserve quickly lowered its policy rate to close to zero to support economic activity and took extraordinary measures to stabilize markets and bolster the flow of credit to households, businesses, and communities. In addition, the U.S. Congress and
Administration rapidly enacted fiscal measures to support households and businesses. Taken together, these steps contributed to improved conditions that should boost the economic recovery when social distancing and other public health measures are able to subside.

Against this backdrop, this Financial Stability Report reviews the effect of the economic and market shocks associated with COVID-19 on U.S. financial stability to date and discusses the Federal Reserve’s response. While the financial regulatory reforms adopted since 2008
have substantially increased the resilience of the financial sector, the financial system nonetheless amplified the shock, and financial sector vulnerabilities are likely to be significant in the near term. The strains on household and business balance sheets from the economic
and financial shocks since March will likely create fragilities that last for some time. Financial institutions—including the banking sector, which had large capital and liquidity buffers before the shock—may experience strains as a result.

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Social Security’s Financial Outlook: The 2020 Update in Perspective
Source: Center for Retirement Research

  • The 2020 Trustees Report, which was prepared before the pandemic, shows:
    • Social Security’s 75-year deficit increased from 2.78 percent to 3.21 percent of payroll.
    • Trust fund depletion remains at 2035, after which payroll taxes still cover about three quarters of promised benefits.
  • This shortfall is manageable, and the pandemic is unlikely to fundamentally alter the long-term financial status of the program.
  • Today’s crisis has also underscored the importance of Social Security, which continues to provide a steady source of income to millions of Americans.
  • Therefore, once the crisis subsides, stabilizing Social Security’s long-term finances should be a high priority to ensure that Americans have full confidence in its future.

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A Meeting of the Illinois Police Officers’ Pension Investment Fund – May 13, 2020
Source: POPIF

NOTICE: A MEETING OF THE ILLINOIS POLICE OFFICERS’ PENSION INVESTMENT FUND

To be held on Wednesday, May 13, 2020 at 2:30pm.

You can view the agenda by clicking  Here

Zoom Digital Platform

ZOOM Invite: Public invited through telephone, see agenda for details.

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Illinois Governor Issues Executive Order 2020-32
Source: Illinois Governor Office

Illinois Governor Issues Executive Order 2020-32

Effective May 1, 2020, Executive Order 2020-32 extends many of the same requirements as the original stay-at-home order Governor Pritzker issued on March 20, 2020, including provisions on essential activities, essential travel, and social distancing.

New mandates include provisions designed to encourage social distancing and the wearing of face coverings and other personal protective equipment (PPE).

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A Meeting of the Illinois Police Officers’ Pension Investment Fund – May 8, 2020
Source: POPIF

NOTICE: A MEETING OF THE ILLINOIS POLICE OFFICERS’ PENSION INVESTMENT FUND

To be held on Wednesday, May 8, 2020 at 10:00am.

You can view the agenda by clicking  here

Zoom Digital Platform

ZOOM Invite: Public invited through telephone, see agenda for details.

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Coronavirus, Interest Rates and Volatility
Source: Northern Trust Asset Management, NIRS

A presentation by Northern Trust Asset Management and the National Institute on Retirement Security (NIRS) on the Coronavirus, Interest Rates and Volatility.

To download the presentation, please click here.

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Economic Implications of the COVID-19 Crisis (Webinar)
Source: Lazard Asset Management, NIRS

A webinar by Lazard Asset Management and the National Institute on Retirement Security (NIRS) on the Economic Implication of the COVID-19 Crisis.

To download the presentation, please click here.

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A Meeting of the Illinois Police Officers’ Pension Investment Fund – May 1, 2020
Source: POPIF

NOTICE: A MEETING OF THE ILLINOIS POLICE OFFICERS’ PENSION INVESTMENT FUND

To be held on Wednesday, May 1, 2020 at 10:00am.

You can view the agenda by clicking here.

Zoom Digital Platform

ZOOM Invite: Public invited through telephone, see agenda for details.

Read more
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