Welcome Pontiac Fire Pension Fund to IPPFA.
Welcome Pontiac Fire Pension Fund to IPPFA.
The brief’s key findings are:
It would be easy to think that the police officer is a figure who has existed since the beginning of civilization. That’s the idea on display in the proclamation from President John F. Kennedy on the dedication of the week of May 15 as “National Police Week,” in which he noted that law-enforcement officers had been protecting Americans since the nation’s birth.
In fact, the U.S. police force is a relatively modern invention, sparked by changing notions of public order, driven in turn by economics and politics, according to Gary Potter, a crime historian at Eastern Kentucky University.
Welcome Carbondale Fire Pension Fund to IPPFA.
Bob was a founding member of the IPPFA and served as a director from 1986-1995 and then again from 2008-2018. Bob retired as Chief of Police from the Pekin Police Department in 1995 and served as the Police Pension Fund President for 23 years.
Bob was a dear friend, mentor, and a huge supporter of the IPPFA. He will be greatly missed not only by his IPPFA family, but by everyone that knew him.
His memorial service will be at 10:30 a.m. on Friday, November 16, 2018 at Preston-Hanley Funeral Homes & Crematory in Pekin, IL. Pastor W. Lloyd Brock will officiate. Visitation will be from 4 p.m. to 7 p.m. on Thursday, November 15, 2018 at the funeral home. Inurnment will follow the service in Glendale Memorial Gardens in Pekin, IL. Honors will be accorded by the Pekin Police Department.
In lieu of flowers, memorial contributions may be made to Tazewell Animal Protective Society, 100 Taps Lane, Pekin, IL 61554, as Bob was big into animals.
Management consulting firm McKinsey reports that organizations that appear on “best places to work” lists often make the cut because their business strategy is premised on a long-term relationship with their employees. McKinsey credits companies for both the large and small signals sent to employees that an organization cares about its people.
Valued by employers as a workforce management tool to recruit and retain talent, offering defined benefit (DB) pension benefits is one way that employers send a loud signal to employees that they are committed to a long-term relationship. The structure of a pension increases the financial value of a DB pension benefit over an employee’s career. This provides a meaningful incentive for employees to stay in their jobs. Research indicates that employees value pensions as a path economic security in retirement, especially as compared to individual defined contribution (DC) accounts.
Welcome Lake Bluff Police Pension Fund to IPPFA.
Baby Boomers nearing retirement face a stark reality when it comes to leaving the workforce. Almost 20 million working Americans between ages 55 and 64 have no money in 401(k) retirement accounts and do not have a pension. Will they be able to pay their bills and maintain their standard of living on just Social Security?
These near-retirees face little time to reap the benefit of compound interest to help grow their nest eggs at a time when interest rates are at an all-time low. With these factors working against them, financial advisors often suggest that pre-retirees keep working and avoid drawing on Social Security until their full retirement age or later.
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