Pulse Check: What's Happening in Public Pensions

Market volatility, a low interest rate environment, and ongoing pressure to manage costs are just some of the issues facing public pension plans. What are plans to do when they're facing state reforms or recurring initiatives at the federal level? This session will highlight the challenges for pension plans and strategies that they have adopted or are on the horizon, and explain the implications for local government finances.

Mark Nannini

Chief Financial Officer, Illinois Municipal Retirement Fund

Mark is the Chief Financial Officer for Illinois Municipal Retirement Fund.  Previously worked as Director of Finance/Treasurer for the City of Crystal Lake, Director of Finance City of Rolling Meadows and Comptroller Village of Niles.

M.B.A. in Finance 
Undergraduate Degree in Accounting.
Current Activities:
National Budget Reviewer for Government Finance Officers Association
Member of the Technical Accounting Review committee IGFOA
Member National GFOA Committee on Retirement and Benefits Administration
As of 12/31/19, IMRF has 177,809 active members, 138,089 benefits recipients and 124,170 inactive members, $45.0 (2019) billion in assets under management. The plan is administered under an Agent Multiple Employer plan. 

Melissa Rackers

Chief Financial Officer, Missouri LAGERS

Melissa serves as the Chief Financial Officer and has been with Missouri LAGERS since April, 2010.  She serves as team lead for the financial reporting, human resource, information technology, and document management functions of the system.   As a member of LAGERS’ executive team, Melissa also assists the Executive Director with the overall management of the system as well as supports the development and implementation of long-term organizational strategy.  
Melissa has a Bachelor of Science in Business Administration, emphasis in Accounting and Finance, from the University of Central Missouri.  In addition, she is a Certified Public Accountant, has earned the Certified Employee Benefit Specialist certificate from the Wharton School of Business, University of Pennsylvania and is a Certified Government Financial Manager.  She is a member of the Government Finance Officer Association’s Committee on Retirement and Benefits Administration.  

Mark Whelan, CPA

Chief Financial Officer, Teachers' Retirement System Kentucky

Mark Whelan is the Chief Financial Officer for the Teachers’ Retirement System of the State of Kentucky (TRS) and has served in this capacity since January 2004. He manages the accounting department for the retirement plan. He also serves on the team that has constructed the Pathway online member self-service portal.
Mr. Whelan was TRS’s deputy controller from November 2001 through 2003. Prior to TRS, he worked seven years at accounting firms specializing in audits of local governments.
Mr. Whelan graduated in 1994 from the University of Kentucky with a bachelor of science in accounting and received his designation as a Certified Public Accountant in 1997. Mr. Whelan currently serves on the board of the Public Pension Financial Forum (P2F2), the Government Finance Officers Association’s Committee on Retirement and Benefits Administration (GFOA CORBA) and on GFOA’s Special Review Executive Committee.
Mr. Whelan also is a member of the AICPA and KYCPA.


06/03/2020 at 3:00 PM (EDT)   |  75 minutes
06/03/2020 at 3:00 PM (EDT)   |  75 minutes
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11 Questions
CPE Credit
No credits available  |  Certificate available
No credits available  |  Certificate available