Ken Sarni

Ken Sarni

A Meeting of the Illinois Police Officers’ Pension Investment Fund – August 25, 2020
Source: IPOPIF

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

To be held on Friday, August 25, 2020 at 1:00pm.

You can view the agenda by clicking   IPOPIF Election Committee Agenda

Zoom Digital Platform

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

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Executive director of massive Illinois teachers pension fund resigns after investigation into ‘performance issues’
Source: Chicago Tribune

The executive director of the massive Teachers’ Retirement System resigned earlier this week after being placed on administrative leave days earlier following an internal investigation into “performance issues.”

The Teachers’ Retirement System board voted unanimously last Friday to place Richard Ingram on administrative leave “due to performance issues covered by his employment contract,” the board said in a statement issued Thursday.

 

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A Meeting of the Illinois Police Officers’ Pension Investment Fund – August 14, 2020
Source: IPOPIF

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

To be held on Friday, August 14, 2020 at 9:00am.

You can view the agenda by clicking IPOPIF Board Meeting Agenda

Zoom Digital Platform

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

Read more

A Meeting of the Illinois Police Officers’ Pension Investment Fund – August 5, 2020
Source: IPOPIF

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

To be held on Wednesday, August 5, 2020 at 9:00am.

You can view the agenda by clicking IPOPIF Election Committee Agenda

Zoom Digital Platform

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

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ELECTION POLICY-Illinois Police Officers’ Pension Investment Fund
Source: POPIF

ELECTION POLICY-Illinois Police Officers’ Pension Investment Fund

The Board Election Policy, Candidate Petition forms, and Statement of Candidacy forms for the Illinois Police Officers’ Pension Investment Fund are now available for review and completion. Please click on the link below to review the following documents:

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Registration is Now Open for the 2020 MidAmerican Pension Conference
Source: IPPFA

This year’s MidAmerican Pension Conference will be held from September 30th through October 2, 2020
at the:
Embassy Suites Hotel
1823 Abriter Ct.
Naperville, IL 60563

Register Today

 

For this year’s MidAmerican Pension Conference, we will be offering you the option to attend in-person or virtually.

Please be aware that in order for us to stay in accordance with social distancing guidelines, in-person attendance will be limited and will be on a first come, first serve basis.

This conference will include all 8-hours of continuing education training for annual renewal, as well as 4-hours of required consolidation transition training. This specialized consolidation training will be offered on the last day of the conference, October 2nd. The mandatory, 4-hour consolidation transition training will be brought to you with the cooperation of the Brookfield Fire Pension Fund and Northern Illinois University.

We will also be offering 8-hours of Public Safety Benefits training, including topics such as: Social Security Survivor’s Benefits, GPO, WEP, Medicare, Benefits Overview, Taxation of Benefits, Illinois Insurance Continuation Privilege, PEDA, PSEBA, Supplemental Retirement Benefits, and IMRF.

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A Meeting of the Illinois Police Officers’ Pension Investment Fund – July 10, 2020
Source: POPIF

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

To be held on Wednesday, July 10, 2020 at 9:00am.

You can view the agenda by clicking IPOPIF Meeting Agenda

Zoom Digital Platform

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

Read more

Fed aid helps Illinois cut unpaid bills to lowest in five years
Source: Crain’s Chicago Business

(Bloomberg)—Illinois, the first U.S. state to tap into Federal Reserve aid for pandemic-battered governments, has reduced its unpaid bills to the lowest level since 2015.

The backlog shrank to $4.8 billion on June 12, down from $6.9 billion at the start of the month, according to data from Illinois Comptroller Susana Mendoza’s office. The number, which stood at about $5.5 billion on Wednesday, had swelled to more than $8 billion in April after shelter-in-place policies were enacted.

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A Meeting of the Illinois Police Officers’ Pension Investment Fund – July 7, 2020
Source: POPIF

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

To be held on Wednesday, July 7, 2020 at 3:00pm.

You can view the agenda by clicking IPOPIF Election Committee Agenda

Zoom Digital Platform

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

Read more

“How Exposed Are Retirement Savings to Market Risk?”
Source: Center for Retirement Research

The brief’s key findings are:

  • When COVID-19 emerged earlier this year, the stock market fell by 35 percent in one month. While the market has largely recovered since, it remains very volatile.
  • Market shocks are a growing concern to the more than half of U.S. households who now own equities, mainly due to the shift from traditional pensions to 401(k) plans.
  • For most households, 401(k)/IRA assets are their largest financial asset – other than Social Security – which puts them at risk from market downturns.
  • The time may have come to consider some type of risk sharing for employer plans so that individuals do not shoulder the full burden.

 

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