iOS app Android app

Pensions

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

Matthew Dietrich | Posted 02.23.2015 | 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 02.12.2015 | 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 02.10.2015 | 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 01.28.2015 | 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 01.26.2015 | 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 01.16.2015 | 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...

Do Financial Advisers Work for You or Wall Street?

Liz Shuler | Posted 01.07.2015 | Politics
Liz Shuler

Did Wall Street win on Election Day? The U.S. Department of Labor's watchdog agency charged with protecting pension and retirement savings is on the verge of issuing new worker and retiree protections.

Why 401(k)s Shouldn't Replace Pensions

Michael T. Carrigan | Posted 02.27.2015 | Chicago
Michael T. Carrigan

It's not just basic finance, it's common sense: A large pool of money invested by professionals will yield far greater returns than small, separate accounts managed by individuals with no professional training in finance.

Beyond Gov. Quinn's Much-Questioned Appointment: Should the Illinois Sports Facility Authority Even Exist?

Matthew Dietrich | Posted 02.17.2015 | Chicago
Matthew Dietrich

While Illinoisans wonder what to do with that part of the state's financial question, one Illinoisan in particular is being singled out for his influence over one of Illinois' very biggest financial questions.

4 Ways Congress Just Screwed Up Pensions

Ann Brenoff | Posted 02.14.2015 | Fifty
Ann Brenoff

When the Senate approved the omnibus spending bill to prevent the government from shutting down, it also delivered a blow to some retirees who collect pensions. In a little-discussed provision of the bill, certain multi-employer pension plans were given the go-ahead to reduce pension checks to current recipients by up to 60 percent. Didn't see that coming, did you?

The Budget Deal: This Is Who They Are

Robert L. Borosage | Posted 02.11.2015 | Politics
Robert L. Borosage

Consider these the early slush of the coming Republican winter, the first returns on investment for their donors. Tucked into the 1,603-page bill to fund the government -- that no legislator will read -- are cankerous riders, foreshadowing what is to come.

5 Reasons a Comfortable Retirement Is More Uncertain Than Ever

Barry N. Koslow, J.D. | Posted 02.04.2015 | Money
Barry N. Koslow, J.D.

For all but the wealthiest, a guarantee to a comfortable retirement does not exist, and changes in the law, business practices and the economy are making it all the more elusive.

Illinois' pension reform questions mean the state's financial future is uncertain

Matthew Dietrich | Posted 01.26.2015 | Chicago
Matthew Dietrich

Illinois' December 2013 pension reform law was deemed unconstitutional Nov. 21 by a Sangamon County Circuit Court judge. The issue is likely headed ...

How Big Money Lost -- And Workers Won -- in Phoenix

Jordan Marks | Posted 01.18.2015 | Politics
Jordan Marks

Proposition 487, which would have ended pensions for Phoenix firefighters, police officers, and thousands of other public workers and moved them into risky, privatized plans, went down in flames at the ballot box last Tuesday by over 10 percentage points.

Does One Illinois Village Hold the Answer to All Our Pension Problems?

Matthew Dietrich | Posted 01.11.2015 | Chicago
Matthew Dietrich

Illinois pensions are in trouble. Everyone can agree on that. But not everyone can agree on how to fix it.

All Illinois Democrats Have to Do for Re-Election Is Govern Like Democrats

Will Reynolds | Posted 01.11.2015 | Chicago
Will Reynolds

There's a simple lesson for Illinois Democrats from last Tuesday's election. If you want to get re-elected as a Democrat in Illinois all you have to do is govern like a liberal Democrat.

Dems Get the Drubbing They Deserve

Andy Thayer | Posted 01.05.2015 | Chicago
Andy Thayer

We need to use their debacle as a wake-up call to focus on the street activism that produces real change, and not the fake, politicians' "change" of the last six years.

Miracle Saves Active Investment Management

PaladinRegistry.com | Posted 01.02.2015 | Money
PaladinRegistry.com

Numerous studies by S&P, Vanguard, Morningstar and others prove that active investment management fails to outperform passive, especially after fees and expenses.

Pensions: Strengthening Our Workplaces, Communities and the Middle Class

Jordan Marks | Posted 12.29.2014 | Politics
Jordan Marks

Job loyalty. It seems like a concept that is slipping quietly into the night. But perhaps the biggest contributor to job loyalty's demise is the death of the private-sector pension. It's a lesson that should give policymakers pause in the heated debate over public pension benefits.

A Crucial Election Year for Business Owners and Cat Lovers

Gene Marks | Posted 12.28.2014 | Small Business
Gene Marks

November is approaching and the public's interest in the mid-term national elections seems very blasé. In D.C., control of both the House and the Senate may end up with the Republicans, but if such were to happen their majority would be slim.

Financing Public Education

Michael Beyer | Posted 12.21.2014 | Chicago
Michael Beyer

Three simple solutions anyone can understand: cut costs by reducing redundant administration, increase our tax base, and re-amortize our debt. You might wonder why our political leaders don't even mention these solutions.

Wall of Shame: The Worst Things About Illinois

Reboot Illinois | Posted 12.09.2014 | Chicago
Reboot Illinois

To begin to address some of the biggest issues the state faces, Illinoisans must first know what they are. Here is a list of some of the worst awards Illinois has received.

San Francisco Move Could Present A Big Conflict Of Interest

International Business Times | Posted 10.07.2014 | Business

This week, officials in San Francisco may vote on a proposal that could shift billions of dollars of the city's pension portfolio from plain vanilla i...

Illinois' Retirement Benefit Liabilities Are How Much?

Matthew Dietrich | Posted 12.03.2014 | Chicago
Matthew Dietrich

Illinois' pension crisis and efforts toward pension reform are no secret. Bill Bergman, director of research at Truth in Accounting, writes: Today...