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Certified Trustee Program 18-2 – Registration Now Open
Source: IPPFA

Certified Trustee Program 18-2 is being held at Embassy Suites East Peoria, Hoffman Estates, Illinois starting April 30, 2018.

For over 30 years, the IPPFA has offered public pension trustees the best and latest in trustee training education, striving to offer the best available training. Please join us for sessions in ethics, investment procedures, fiduciary responsibilities, and legal and legislative updates, all presented by nationally renowned speakers.

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Welcome Taylorville Fire Pension Fund to IPPFA
Source: IPPFA

Welcome Taylorville Fire Pension Fund to IPPFA.

 

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Certified Trustee Program 18-1 – Registration Now Open
Source: IPPFA

Certified Trustee Program 18-1 is being held at NIU Campus, Hoffman Estates, Illinois starting January 11, 2018.

For over 30 years, the IPPFA has offered public pension trustees the best and latest in trustee training education, striving to offer the best available training. Please join us for sessions in ethics, investment procedures, fiduciary responsibilities, and legal and legislative updates, all presented by nationally renowned speakers.

Register NOW

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Getting More from Less in Defined Benefit Plans: Three Levers for a Low-Return World
Source: Pension Research Council

 

As global interest rates hover near historic lows, defined benefit pension plan sponsors must grapple with the prospect of lower investment returns. This paper examines three levers that can enhance portfolio outcomes in a low-return world. The levers include: increased contributions; reduced investment costs; and increased portfolio risk. We use portfolio simulations based on a stochastic asset class forecasting model to evaluate each lever according to two criteria—its magnitude of impact and the certainty that this impact will be realized. Our analysis indicates that increased contributions have the greatest and most certain impact. Reduced costs have a more modest, but equally certain impact. Increased risk can deliver a significant impact, but with the least certainty.

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Moving? Check the State Taxes First
Source: Center for Retirement Research

New Jersey’s retirement income exclusion for couples leaped from $20,000 to $100,000 in 2016.  Minnesota and South Carolina now have income tax deductions for retired military. And Rhode Island started exempting the first $15,000 of retirees’ income from the state’s income tax.

State taxes are one piece of the financial puzzle to consider when retirees – or Millennials – are thinking about moving to reduce their living costs, find a job or friendlier climate, or be close to the grandchildren.

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Welcome Dolton Fire Pension Fund to IPPFA
Source: IPPFA

Welcome Dolton Fire Pension Fund to IPPFA.

 

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Welcome Collinsville Fire Pension Fund to IPPFA
Source: IPPFA

Welcome Collinsville Fire Pension Fund to IPPFA.

 

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What’s Happening to U.S. Mortality Rates?
Source: Center for Retirement Research

The brief’s key findings are:

  • Mortality rates, which determine life expectancy, are a key factor in cost projections for the Social Security program.
  • Mortality rates consistently improve over time, but the pace of progress varies by year, by age, and by socioeconomic status.
  • Over the past 40 years, progress has been driven by medical advances, better access to health care, and a decline in smoking, partly offset by rising obesity.
  • Looking to the future, mortality improvements will continue to depend on the same drivers, but the net effects could play out differently.
  • The key debate is whether the future will mirror the past, with average rates of improvement of about 1 percent, or whether the pace of progress will slow.

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Welcome Centreville Police Pension Fund to IPPFA
Source: IPPFA

Welcome Centreville Police Pension Fund to IPPFA.

 

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37 States That Don’t Tax Social Security Benefits
Source: The Motley Fool

Although the IRS imposes income tax on the Social Security benefits of certain senior citizens, the majority of states don’t. In fact, only 13 states tax Social Security benefits, and many of these have more generous income thresholds than the IRS.

Here’s a list of the states that won’t touch your Social Security benefits, and where this information fits into the overall picture of a state’s tax-friendliness.

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