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Pensions

Social Security for Two: What Every LGBT Couple Needs to Know Now

David Rae | Posted 08.21.2015 | Gay Voices
David Rae

First comes love, then comes marriage, then comes figuring out what the hell to do about Social Security. Retirement planning can be quite complicated for anyone, but the newness of Social Security options for LGBT couples find some of us unprepared.

Wisconsin Pensions: Better Than Other States, But Still Insolvent

Bob Williams | Posted 08.20.2015 | Politics
Bob Williams

Unlike most states, Wisconsin pensions do not have automatic yearly increases, whether by edict or through cost of living adjustments (COLA). Most other states utilize these tools, leading to much larger shortfalls. Wisconsin, on the other hand, ties payouts to investment returns.

Illinois' Geographic Rifts Grow Larger With School Spending Conflicts

Matthew Dietrich | Posted 08.18.2015 | Chicago
Matthew Dietrich

Forget Democrats vs. Republicans. A brewing fight over how state government funds Illinois schools districts draws geographic battle lines that pit Ch...

Retirement: A Party We All Want To Attend

Bailey Childers | Posted 08.14.2015 | Politics
Bailey Childers

We must continue to stand up against Wall Street interests who want to privatize social security, force older Americans to work longer, gut pensions for public employees, and continue to manipulate our government to only benefit the wealthiest in our country.

The Top 8 People and Actions to Blame for Illinois' Pension Problems

Matthew Dietrich | Posted 08.07.2015 | Chicago
Matthew Dietrich

There are many, many people from both major parties at fault over many years for the Illinois pension debacle. Dave McKinney, former Chicago Sun-Time...

Maybe It's Time to Let John Cullerton Lead the Way on Pension Reform

Matthew Dietrich | Posted 08.05.2015 | Chicago
Matthew Dietrich

I'll admit it: Two years ago, I was an ardent supporter of Senate Bill 1, a sweeping pension reform proposal that would save the state more than $150 ...

Donors Who Can't Give To Christie Campaign Give To His Super PAC

The Huffington Post | Paul Blumenthal | Posted 07.31.2015 | Politics

WASHINGTON -- A super PAC formed to support New Jersey Gov. Chris Christie’s presidential campaign has raised $11 million with a big boost from...

Why Social Security Beats All Rivals -- And the Case for Expanding It

Robert Kuttner | Posted 07.26.2015 | Politics
Robert Kuttner

Social Security demonstrates that public systems are often better than their private counterparts. The problem is that government-managed systems are only as good as their stewards. The only cure is stronger democracy, so that citizens who value good programs vote to elect leaders pledged to defend them.

Money That Could Be Going to Social Services and Schools Is Instead Going to Illinois' Pension Debt

Matthew Dietrich | Posted 07.29.2015 | Chicago
Matthew Dietrich

Illinois state elected officials are working on creating a budget for the new fiscal year. But even once that budget is agreed upon, there won't be ne...

Working Funds: 3 Ways to Cash in on Life Insurance for Retirement

David Rae | Posted 07.23.2015 | Business
David Rae

The good news is that you don't have to die to use your Life Insurance. Here's how to put the new policies to work for you.

The Golden Girls Retirement Plan: Oh Rose, Where Did Our (Pension) Funds Go?

David Rae | Posted 07.20.2015 | Gay Voices
David Rae

Second in a series. Major intellectuals, foremost philosophers and all my friends at the Abbey agree that most financial (or indeed life) issues can be explained in terms of the "The Golden Girls." In this episode Rose Nylund, played by the inimitable Betty White, faces a double whammy.

Climate Change: Identifying Future Makers And Future Takers

David W. Richardson, CFA | Posted 07.07.2015 | Business
David W. Richardson, CFA

It is important that one of the world's largest investment consultants has leapt into the debate on climate change and its effects on investment portfolios with reasoned analysis and actionable recommendations.

The Road to Solvency

Bob Williams | Posted 06.22.2015 | Politics
Bob Williams

Even though 49 states mandate a balanced budget, either constitutionally or statutorily, there is no uniform definition of a balanced budget, and accounting trickery has allowed states to avoid paying for their future obligations.

Greece: A Credible Deal Will Require Difficult Decisions By All Sides

Olivier Blanchard | Posted 06.19.2015 | World
Olivier Blanchard

The status of negotiations between Greece and its official creditors -- the European Commission, the ECB and the IMF -- dominated headlines last week.  At the core of the negotiations is a simple question: How much of an adjustment has to be made by Greece, how much has to be made by its official creditors?

Shaw: Chicago Public Schools Officials Need to Take a Long, Hard Look in the Mirror

Matthew Dietrich | Posted 06.11.2015 | Chicago
Matthew Dietrich

Chicago Public Schools has its fair share of problems, and after the resignation of former CEO Barbara Byrd-Bennett following questionable contracts and a federal investigation, Andy Shaw of the Better Government Association wants to see CPS take steps to right its ship.

New Front Opens In Battle Over Retirement Security Of California's Public Employees

Capital & Main | Bill Raden | Posted 06.09.2015 | Politics

A proposed law would shift all public employees onto 401(k) plans, beginning in 2019.

For Many States, Now Is the Day of Reckoning

Bob Williams | Posted 06.05.2015 | Politics
Bob Williams

It is time for reform-minded leaders in statehouses and city halls to roll up their sleeves and get to work. Facing a half-century of ballooning debt, the cost of inaction is simply too high.

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 06.21.2015 | 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.