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

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

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

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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NIU Hosting Mental Health Training For Law Enforcement Officers
Source: NIU

Northern Illinois University is hosting two seminars this month to train police officers on the risks of post-traumatic stress disorder and suicide.

The programs are happening as the result of a grant of nearly $36,000 from the Illinois Criminal Justice Information Authority.  Watch 23WIFR coverage of NIU grant.

The seminars will be conducted by NIU psychology professor Michelle Lilly, who specializes in PTSD and trauma recovery, and Sgt. Shawn Curry of the Peoria Police Department, who is also the vice president of the Illinois Public Pension Fund Association (IPPFA), which is co-sponsoring the seminars with the university.

“It’s time we give back and really save blue lives,” says Northern Illinois University associate professor of clinical psychology Michelle Lilly. “It’s just really important to remember that most people run away from danger… they’re running toward danger to protect all of us.”

The first seminar is scheduled at the Hoffman Estates campus of NIU on June 12 and 13. Another is scheduled June 26 and 27 in Naperville.  Both Seminars are currently full.

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Social, Economic Inequities Grow with Age
Source: Center for Retirement Research

Retirement, as portrayed in TV commercials, is for indulging a passion, whether tennis, enjoying more time with a spouse, frequent socializing, or civic engagement.

Boston University sociologist Deborah Carr isn’t buying this idealized picture of aging.

“This gilded existence is not within the grasp of all older adults,” she argues in “Golden Years? Social Inequality in Later Life.” “For those on the lower rungs of the ladder,” she writes, retirement is “marked by daily struggle, physical health challenges and economic scarcity.”

Her book, which mines multidisciplinary research on aging, reaches the distressing conclusion that economic inequality not only exists but that it becomes more pronounced as people age and become vulnerable. And this problem will grow and affect more people as the population gets older.

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“NO INDIVIDUAL, NO MATTER HOW HIGHLY TRAINED OR WELL-ADJUSTED, IS IMMUNE TO THE LONG-TERM EFFECTS OF CUMULATIVE STRESS OR SUDDEN CRITICAL INCIDENTS.”
Source: IPPFA

“America’s First Responders are tasked with dealing with work that is highly stressful, where one continually faces the effects of murder, violence, accidents, serious injury, and death. The day in, day out effects of these situations wreak havoc both personally and professionally on those who serve their communities. Work as a first responder is a combination of extreme boredom with incidents of mind-numbing terror.”

 

“Most officers work 50+ hours a week taking care of everyone else’s problems, and they rarely take the time to take care of their own. It’s time every officer looks at those who stand firm alongside of them and begin to take care of one another and ourselves.”

 

To read Shawn’s article in full, please click here.

 

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Create your personal my Social Security account today
Source: Social Security Administration

With your free, personal my Social Security account, you can receive personalized estimates of future benefits based on your real earnings, see your latest Statement, and review your earnings history. It even makes it easy to request a replacement Social Security Card or check the status of an application, from anywhere!

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PTSD Training Event – Saving Blue Lives
Source: NIU and IPPFA

The Illinois Public Pension Fund Association (IPPFA) and Northern Illinois University have teamed up to develop a program to assist law enforcement leaders and rank-and-file officers in expanding their knowledge of Post-Traumatic Stress Disorder, as it effects police officers. This program, “Saving Blue Lives through Training on PTSD, Suicide, Resilience and Peer Support,” is offered at no cost to those attending.

irst responders are routinely exposed to critical incidents involving exposure to injury or death in others, as well as the risk of injury or death to themselves. Research shows, and those in the profession intuitively know, that individual incidents and accumulated exposure can adversely affect the mental and physical health of those involved.

The NIU – IPPFA seminar will include:

  • Learning the symptoms of PTSD
  • Conditions that often arise with PTSD, such as depression and substance abuse
  • Identifying ways to bolster resistance
  • Suicide and conditions such as PTSD
  • Methods for dealing with PTSD without the help of a mental health professional
  • Effective treatments with the help of a mental health professional

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Do Tax Breaks Help or Hurt a State’s Finances? New Study Digs Deep.
Source: Governing

The debate over tax incentives usually centers on whether they lead to job creation and other economic benefits. But governments must also pay attention to their own bottom lines. This begs the question: How do all the financial incentives that states offer actually influence fiscal health?

New research seeks to answer that question. Using data from the W.E. Upjohn Institute for Employment Research, researchers at North Carolina State University tallied all incentives offered by 32 states from 1990 to 2015, effectively covering 90 percent of incentives nationally. What they found doesn’t portray incentives in a positive light. Most of the programs they looked at — investment tax credits, property tax abatements, and tax credits for research and development — were linked with worse overall fiscal health for the jurisdiction that enacted them.

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Disability Statistics and Data
Source: Workforce GPS

Disability statistics can be a useful tool to increase our collective understanding of the barriers faced by the disability population in the workforce.  This information can also help us learn more about the customers we serve each day at an American Job Center. The following resource links are provided to help you gain insights on current and historical labor force participation at the national, state, and county level.

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