PPT-Illinois Pension Crisis: Evaluation and Proposed Solutions

Doug Palzer Luke Hamilton Michael Sherman Sebastian Vermaas Goals Evaluate the current funding crisis and weigh potential solutions Discuss the effects of 1 Underfunding and lack of contributions . Dr. Paul Stubbs. “Demographic Change in CEE”. Vienna, 24 March 2015. Contexts. Demographic ageing:declining population since 1991 (war, low birth rates, migration, ...). Low and falling employment rates – high youth and long-term unemployment. What is Wrong with Illinois Pensions?. State Retirement Systems. Illinois controls the benefit levels and operates 5 State retirement systems. Teachers’ Retirement System. State Universities’ Retirement System. Age-Old Problem. Primary Competency: . Amy Kessler. Senior Vice President. Head of Longevity Risk Transfer. Prudential Retirement. ®. . Prudential Retirement is a Prudential Financial, Inc. (PFI) business. PFI is headquartered . 1. 1. Basic Funding Concepts . Understanding the Actuarial Valuation. 2. Art Tepfer, A.S.A., M.A.A.A., E.A.. Tepfer Consulting Group, Ltd.. 145 Revere Drive. Northbrook, IL 60062. 847-509-7740 (847-922-8708 cell). Jim Waters, President, Bluegrass Institute. Aaron Ammerman, Investment Analyst*. William F. Smith, MD, Systems Analyst. *Board member, Bluegrass Institute. 2. Introduction. The purpose of this presentation is to provide sound solutions and an actionable plan to resolve our pension crisis. Mariam Sadek. Mark McNicholas . Miguel Aguilar. Elliott . Igunbor. Illinois. . State. Pension Crisis 2016. The Current Pension System. Generating Income. Debt . M. anagement. Alleviating Public . O. Outline. Overview of opioids and the opioids crisis. Presenter: Stephanie Schmitz . Bechteler. , PhD, Chicago Urban League. Implications for young children and their families. Presenter: . Carie. . Bires. Jim Waters, President, Bluegrass Institute. Aaron Ammerman, Investment Analyst*. William F. Smith, MD, Systems Analyst. *Bluegrass Institute Board Member. 2. Actuarial Funding of Benefits. YEAR. BENEFIT FACTOR. December 7, 2017. Alexandra . Kleyman. Agenda. TIP Schedule. Draft Universe and Discussion. Proposed Updates to TIP Project Evaluation Criteria. What were the goals?. What are the proposed changes?. What are the results?. Navigating the legal issues surrounding funding The Firemen’s Annuity and Benefit Fund of Chicago (the “Fund”) Burke Burns & Pinelli, Ltd. September, 2017 Speaker: Mary Pat Burns, Partner Ms. Burns is the President and Founding Partner of Burke Burns & 2IDHS swiftly responsibly and thoughtfully transformed its service delivery system starting in March 2020 to adapt and respond to COVID-19 following guidelines from Illinois Department of Public Healt Mike Brown. Managing Director. etfSA.co.za. CBPEP Employment & . Growth Colloquium. Pretoria. 11 March 2020. “In consultation with the Presidential SOE Council, we will undertake a process of . Fitzpatrick (2015), . senior teachers (22-28 years of experience). more than a quarter of Illinois teachers were unwilling to pay 19 cents for pension enhancements worth one dollar in present value.. Dr. Paul Stubbs. “Demographic Change in CEE”. Vienna, 24 March 2015. Contexts. Demographic ageing:declining population since 1991 (war, low birth rates, migration, ...). Low and falling employment rates – high youth and long-term unemployment.