White Papers, Webinars, & Roundtables

Bernardi participates in webinar highlighting the efficiencies of tax-exemption

March 2017
Webinar

On Thursday, March 9th, approximately 50 industry groups representing issuers, investors, and state and local governments, participated in the MBFA/Court Street Group Research webinar on the Mismeasurement of the Municipal Tax-Exemption.The Powerpoint …


BDA and Nixon Peabody Webinar on Municipal Bankruptcy

September 2016
Webinar

Ronald Bernardi was featured in a BDA and Nixon Peabody Webinar on Municipal Bankruptcy Wednesday, May 11th. Over 40 BDA member-firm representatives participated in the webinar, which was the fourth webinar training series focused on banker due diligen …


Consolidated Illinois Public Pension Compendium – Parts One through Five

Whitepaper

Public pension systems pose a complex challenge.  Incremental changes in benefits or assumptions today can create exponential economic impacts decades into the future.  The issue is compounded when considering the stalemate that exists among …


Illinois Public Pension Compendium – Part Five: Conclusion

Whitepaper

Our series on the condition of the Illinois pension systems has hopefully provided considerable insight into the retirement system’s history, actuarial assumptions, and proposed reforms. In our conclusion we will survey the pension reform landscape, ex …


Illinois Public Pension Compendium – Part Four: Analysis of Reforms

Whitepaper

In part four of our Illinois Pension Series, Analysis of Reforms, we examine three pieces of prominent pension legislation: Public Act 88-593 (the Pension Ramp from 1995), Public Act 96-0889 (Two-Tier System from 2010), and Public Act 98-0599 (the Pens …


Illinois Public Pension Compendium – Part Three: Components of Change in the UAAL

Whitepaper

Interest rate assumptions are key variables in balancing the actuarial valuation equation.  The investment return assumption reflects anticipated returns on the pension plan’s current and future assets.  Meanwhile, the discount rate assumptio …


Illinois Public Pension Compendium – Part Two: Diminished or Impaired

Whitepaper

Our objective in part one of the Illinois Public Pension Compendium was to familiarize readers with common pension nomenclature.  We touched on several pension accounting principles as well as selected nuances of the Illinois pension system. …


Illinois Public Pension Compendium – Part One: Illinois Pension Basics

Whitepaper

Public pension systems pose a complex challenge.  Incremental changes in benefits or assumptions today can create exponential economic impacts decades into the future.  The issue is compounded when considering the stalemate that exists among …


The “Illinois Effect” on Local Municipal Bonds

Whitepaper

The State of Illinois’ fiscal problems are well known. The State receives widespread media coverage from having the lowest bond rating of any state in the country. Does this imply that all bonds issued by local governments within Illinois are poor cred …


Public Finance Roundtable: Municipal Disclosure Deep Dive & Insurance Reemergence

November 2013
Webinar

Live Webinar – Thursday, November 21, 2013 – 1:00-1:45 PM CT Continuing our 2013 BDA Conference public finance panel discussion last month, this roundtable webinar dives deeper into municipal disclosure issues, as well the reemergence of bond insurance …