NOTICE: A MEETING OF THE ILLINOIS POLICE OFFICERS’ PENSION INVESTMENT FUND – Governance Committee
To be held on Friday, November 20, 2020 at 2:00pm.
You can view the agenda by clicking IPOPIF Governance Committee Agenda
Zoom Digital Platform
ZOOM Invite: Public invited through telephone, see agenda for details.
NOTICE: A MEETING OF THE ILLINOIS POLICE OFFICERS’ PENSION INVESTMENT FUND – Audit Committee
To be held on Tuesday, November 10, 2020 at 9:30am.
You can view the agenda by clicking IPOPIF Audit Committee Agenda
Zoom Digital Platform
ZOOM Invite: Public invited through telephone, see agenda for details.
Members of the Ways and Means Committee of the U.S. House of Representatives have released a proposed retirement reform legislation called the Securing a Strong Retirement Act of 2020.
The proposed legislation was introduced by Ways and Means Committee Chairman Richard Neal, D-Massachusetts, and Ranking Member Kevin Brady, R-Texas.
As the pair explain, the proposed legislation builds in various ways upon the landmark Setting Every Community Up for Retirement Enhancement (SECURE) Act, which was signed into law in December and was the most comprehensive retirement security legislation in more than a decade.
NOTICE: A MEETING OF THE ILLINOIS POLICE OFFICERS’ PENSION INVESTMENT FUND – Audit Committee
To be held on Friday, November 5, 2020 at 11:00am.
You can view the agenda by clicking IPOPIF Audit Committee Agenda
Zoom Digital Platform
ZOOM Invite: Public invited through telephone, see agenda for details.
If you are the spouse or child of an Illinois police or fire officer who was killed or became at least 90 percent disabled in the line of duty, you may be eligible for the Grant Program for Dependents of Police or Fire Officers. This grant provides assistance toward college tuition and mandatory fees* for undergraduate or graduate study at an ISAC-approved Illinois college. You may receive assistance for a maximum of the equivalent of four academic years (eight semesters or 12 quarters) of full-time enrollment. You do not need to be an Illinois resident at the time of enrollment to receive this grant.
NOTICE: Election of Officers’ for the ILLINOIS POLICE OFFICERS’ PENSION INVESTMENT FUND
Lee Catavu, Aurora Police Department
I have been a police officer since 2004 and currently serve as an Aurora police officer. I have had experience as a detective and field training officer. I also serve as Secretary of the Aurora Police Pension Fund, which is the largest Article 3 fund in the State, with a quarter of a billion dollars in assets. In addition I am the President of the union representing the Aurora police officers. I have dedicated my professional career to looking out for the best interests of the brave men and women who go out everyday and put their necks on the line. I have several ideas to ensure a proper and ethical administration of our funds for the benefit of us, and our families. I invite any of you to contact me directly at PRESIDENT@AURORAAPPO.ORG if I can be of any assistance to you. I will always make myself available to you and humbly ask for your vote in the upcoming election for active trustee of our pension investment fund board. Thank you for your service.
Shawn Curry, Peoria Police Department
I began my police career in 1996 with the Woodford County Sheriff’s Department. While at the Sheriff’s Department, I worked corrections, court security, and patrol. In 2003, I was named Deputy of the Year. I also served as Treasurer of FOP Lodge # 228 for six years. In 2004, I started with the Peoria Police Dept. Most of my time in Peoria has been spent being assigned to the Criminal Investigations-Violent Crime Unit. I served on the Peoria Police Benevolent Unit #27 executive board before being elected to the Peoria Police Pension Fund where I currently serve as President. I have served on the Peoria Police Pension Fund for the past 11 years. I have also served as Chair of the Peoria Police PAC Committee, VP of the Illinois Public Pension Fund Association, Legislative Chair for the IPPFA, and Chair of the IPOPIF Transition Board. I wrote the Public Safety Suicide Prevention Act and I am a Saving Blue Lives Instructor. I have been honored with 5 Distinguished Service Awards, was selected as the Peoria Police Officer of the Year in 2010 and received the Peoria Police Meritorious Service Award in 2018. I was selected as the IPPFA Person of the Year in 2019 for my work on Officer Mental Health and Awareness efforts. If you have any questions or concerns, please feel free to contact me at 309-231-3945.
Paul Swanlund, Bloomington Police Department
I was hired by the Bloomington Police Department in 2003 and worked in the Patrol Division for 13 years. In 2016, I was selected to be a part of the Detective Division and was primarily assigned Financial Crimes cases. In October of 2019, I was assigned to the Digital Forensics Unit where the primary focus is on cell phone and computer forensics. I have had the privilege of serving on our department’s Pension Board since 2014 and currently serve as President of this board. I also serve on our Union’s Grievance Committee. I have been the recipient of numerous Letters of Commendation and a Unit Citation. If elected to this board, my goal will be to make sure the best companies and people are hired to maximize the returns on our investments and to keep state politics out of that decision making process. I can be reached at 309-275-7973 if you have any questions or concerns you would like to address directly with me.
Reverse mortgages have long been viewed with skepticism by some retirees, financial planners, and financial institutions. Potential concerns are many, including high costs, dicey sales practices, and the potential of retirees to lose their home if things go badly. Interestingly, the same concerns about reverse mortgages or similar products (‘equity release’ options) seem to persist in
many countries with very different institutions and financial systems.
Yet the need to access additional retirement assets like home equity has never been stronger. Academics and researchers lament the lack of adequate retirement savings and growing debt among older Americans. Media headlines such as ‘Over 60 with Decades Left on the
Mortgage: The New Retirement Math’ in the Wall Street Journal (Rexrode 2020) are common.
NOTICE: A MEETING OF THE ILLINOIS POLICE OFFICERS’ PENSION INVESTMENT FUND
To be held on Friday, October 9, 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.
NOTICE: A MEETING OF THE ILLINOIS POLICE OFFICERS’ PENSION INVESTMENT FUND
To be held on Friday, September 28, 2020 at 11:00am.
You can view the agenda by clicking IPOPIF Audit Committee Agenda
Zoom Digital Platform
ZOOM Invite: Public invited through telephone, see agenda for details.
One of the biggest items on your retirement budget is taxes. If you’re thinking of moving somewhere else, consider one of the 12 states that don’t tax distributions from pensions or defined contribution plans such as 401(k) plans.
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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