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Pensions

Why Courts Keep Defending Workers' Retirement Security

Bailey Childers | Posted 05.28.2015 | Business
Bailey Childers

The Illinois Supreme Court is the latest to confirm that retirement security is an essential part of our social fabric, and one that merits constitutional protection. When people work hard and spend their entire professional lives paying into a system that guarantees them financial security in retirement, we can't pull back on that promise.

Follow the Money: How Pension Fund Leaders Are Key to a Zero-Carbon Future

Sharan Burrow | Posted 05.20.2015 | Green
Sharan Burrow

The money that underpins our dependence on high-carbon assets and puts lives and livelihoods at risk has many masters. One master is the deferred wages of working people, their pensions, used to undergird assets that emit dangerous levels of carbon pollution, causing climate change.

3 Ideas on Dealing With Illinois' Pension Crisis

Matthew Dietrich | Posted 05.18.2015 | Chicago
Matthew Dietrich

Now that the Illinois Supreme Court has said that the state's 2013 pension reform law won't fly, Illinois finds itself in a difficult position. How to (legally) reform the state's pension systems in a way that saves money and maintains the necessary components of the pensioners' benefits?

Illinois Unions Might Change Their Celebratory Tune Over Pension Ruling

Matthew Dietrich | Posted 05.12.2015 | Chicago
Matthew Dietrich

Though many public employee unions cheered when the Illinois Supreme Court ruled that the state's 2013 pension reform law is unconstitutional, Scott Reeder of the Illinois News Network said those same unions might be singing a different tune come budget time.

All the Time in the World?

Deborah Gale | Posted 05.08.2015 | Fifty
Deborah Gale

If we cling to old definitions of a future no one can pretend to predict, we are still going to age. But we will have been complicit and ultimately powerless by refusing to choose how we will age in the 21st Century. It's time we all thought about that.

How to Search for Lost Pension Money

Jim T. Miller | Posted 05.04.2015 | Fifty
Jim T. Miller

It's not unusual for a worker to lose track of a pension benefit. Perhaps you left an employer long ago and forgot that you left behind a pension. Or maybe you worked for a company that changed owners or went belly up many years ago, and you figured the pension went with it.

Hit Job: Daniel DiSalvo on Public Sector Unions

Dean Baker | Posted 05.05.2015 | Books
Dean Baker

Daniel DiSalvo's new book paints a dark conspiracy where public sector unions push for ever higher pay and benefits, work rules that allow for endless loafing on the job, and disciplinary policies that prevent even the most incompetent from being fired. It's a moving story -- the data just don't quite fit the picture.

Illinois Gov. Bruce Rauner Explains His Plans for the State's Pension and Budget Crises

Matthew Dietrich | Posted 04.21.2015 | Chicago
Matthew Dietrich

Illinois' budget crisis is only worsened by its growing pension crisis. Reboot Illinois' Madeleine Doubek took a look at the plans Gov. Bruce Rauner hopes to implement to begin to fix both problems.

Solving America's Infrastructure Crisis

Michael Likosky | Posted 04.16.2015 | Business
Michael Likosky

Most Americans are now well aware that we have an infrastructure crisis that goes beyond long commute times. We all nod in agreement when some of our airports are likened to those of Third World countries.

The Four Financial Plans Every Gay Couple Should Make Before They Get Married

Michael Most | Posted 04.08.2015 | Gay Voices
Michael Most

One day soon, same sex couples won't have to play hopscotch with financial equality and inequality, but until then, good financial planning can help ensure you come out a winner.

How Retirement Became so Risky

PaladinRegistry.com | Posted 04.08.2015 | Money
PaladinRegistry.com

Risk management is regarded as an essential element of modern investment management. But few people recognize that retirement -- the period when a person stops working and begins to decumulate their assets -- has now become the riskiest stage of a person's entire financial life.

Pot for Pensions

Steve Siebold | Posted 04.07.2015 | Politics
Steve Siebold

Huge municipalities like Chicago and Phoenix are drowning in underfunded pensions. Can tax revenue from legalized marijuana save the day?

Illinois' Pensions System Saw One Important Change in 1989

Matthew Dietrich | Posted 04.03.2015 | Chicago
Matthew Dietrich

On June 30, 1989, the Illinois Senate debated Senate Bill 95, a mammoth, "omnibus" pension bill that made more than 100 changes to the state pension code. For taxpayers, public employees and the five public pension systems controlled by state government, however, the bill made one change that, arguably, set the course for the pension crisis that plagues the state today.

Public Education and the Ability to Do Math in Chicago

Alana Baum | Posted 05.24.2015 | Chicago
Alana Baum

Our challenges are immense and urgent. But we have dedicated educators and families, and a mayor who's proven he'll take the heat to work on our budget. If we responsibly fund education, then even during tough times, we have so much to feel optimistic about.

Illinois' Pension Reform Opens the Door for Some Confusing Politics

Matthew Dietrich | Posted 05.19.2015 | Chicago
Matthew Dietrich

To those who have followed the epic Illinois pension reform battle over the past three years or so, Wednesday's arguments before the Illinois Supreme Court in a landmark pension reform lawsuit may have been disorienting.

Illinois' Pension Reform: Supreme Court Hears Oral Arguments

Matthew Dietrich | Posted 05.13.2015 | Chicago
Matthew Dietrich

The three Republican justices on the Illinois Supreme Court appeared to be the biggest skeptics of the state's case in the Illinois pension reform lawsuit. That's not what most observers expected as both sides presented their arguments to the seven members of the court.

I'm Retired So Now What Do I Do With My 401(k)?

PaladinRegistry.com | Posted 05.12.2015 | Money
PaladinRegistry.com

Financial Planning is not a one-time set it and forget it event, it's a process that must be reviewed for changes over time and adjusted.

Stay Up to Speed on Illinois' Pension Crisis With This Three-point Refresher

Matthew Dietrich | Posted 05.05.2015 | Chicago
Matthew Dietrich

Illinois faces a major pension-funding problem. The state's Supreme Court is set to hear a case over whether or not a proposed reform, Senate Bill 1, is constitutional. Here are three things you should remember when thinking about the state's pension crisis.

Rauner's Illinois Pension Plan a Budget 'Booby Trap'?

Matthew Dietrich | Posted 04.25.2015 | Chicago
Matthew Dietrich

Back in December, Gov.-elect Bruce Rauner said Democrats had concocted a "booby-trap budget" that would detonate just as he took office. He was right. But is Rauner setting another trap with a new pension reform plan he proposed last week? Rich Miller of Capitol Fax explains.

Federal Officials From Illinois Raking in Hundreds of Thousands of Dollars in Taxpayer-Funded Pension Payments

Matthew Dietrich | Posted 04.14.2015 | Chicago
Matthew Dietrich

Illinois may be facing its own state pension crisis, and many federal elected and appointed officials from Illinois are also facing giant national pen...

Gov. Bruce Rauner's Executive Order Stops Mandatory 'Fair Share' Illinois Public Employee Union Fees

Matthew Dietrich | Posted 04.12.2015 | Chicago
Matthew Dietrich

Gov. Bruce Rauner on Monday declared that Illinois state employees who do not wish to belong to a union can no longer have "fair share" fees deducted from their paychecks. In doing so, he likely set in motion a legal proceeding that will be decided by the U.S. Supreme Court and could have a major effect in labor law across the country.

Ben Walsh

A Day In The Life Of Private Equity Giant TPG

HuffingtonPost.com | Ben Walsh | Posted 02.02.2015 | Politics

How do private equity firms assure investors that they really do get up every day and work hard to deliver great returns? Part of the answer is by sho...

4 Key Variables of the Retirement Equation

Barry N. Koslow, J.D. | Posted 03.30.2015 | Money
Barry N. Koslow, J.D.

There are many things to consider when contemplating retirement. It is one of life's sea changes and if not carefully considered, there can be many surprising outcomes.

Crystal Ball 2015: Top 4 Hot Investments, with 4 Investor Alerts.

Natalie Pace | Posted 03.27.2015 | Money
Natalie Pace

Here are my predictions for 2015, to make your year rich in returns and light on costly mistakes.

Illinois medical marijuana program leaves questions

Matthew Dietrich | Posted 03.17.2015 | Chicago
Matthew Dietrich

The headline on a Daily Beast article Wednesday gives Illinois government way too much credit: "Illinois' Absurd Fight to Block Medical Marijuana." T...