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News

12 States That Won’t Tax Your Retirement Distributions
Source: AARP

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.

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RFPs: Public Accounting/Consulting Services for FPIF
Source: FPIF

NOTICE: Firefighters’ Pension Investment Fund is seeking RFPs for Public Accounting/Consulting Services.

The Illinois Firefighters’ Pension Investment Fund (FPIF) is soliciting proposals from certified public accounting/consulting firms qualified to serve as an audit/accounting/information technology consultant for FPIF’s defined benefit plan.

Starting on September 8, 2020, the RFP can be found on FPIF’s website:
https://ifpif.org/employment-procurement/

Proposals must be submitted by 3:00 p.m. CDT on September 25, 2020 to:
Illinois Firefighters’ Pension Investment Fund
David Zaloga, Chief Financial Officer – dzaloga@ifpif.org
AND information@ifpif.org

 

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A Meeting of the Illinois Police Officers’ Pension Investment Fund – September 11, 2020
Source: IPOPIF

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

To be held on Friday, September 11, 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.

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A Meeting of the Illinois Police Officers’ Pension Investment Fund – August 28, 2020
Source: IPOPIF

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

To be held on Friday, August 28, 2020 at 9:00am.

You can view the agenda by clicking  IPOPIF Special Board Meeting Agenda

Zoom Digital Platform

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

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The Status of Local Government Pension Plans in the Midst of COVID-19
Source: Center for Retirement Research

The update’s key findings are:

  • Despite the recent market recovery, during fiscal year 2020, local government pension plans will see virtually no change in their average funded ratio.
  • And, going forward, the strains on government finances due to the recession could make it harder for localities to pay their required pension contributions.
  • But projections show that local plans are quite sustainable on a cash-flow basis. Most can pay benefits indefinitely at their current contribution levels.
  • The only exceptions are the very worst-funded plans, which face the real risk of exhausting their assets.

 

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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.

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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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