iOS app Android app

Pensions

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

Matthew Dietrich | Posted 12.19.2014 | 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 12.15.2014 | 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 12.12.2014 | 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 12.06.2014 | 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 11.28.2014 | 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 11.18.2014 | 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 11.11.2014 | 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 11.11.2014 | 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 11.05.2014 | 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 11.03.2014 | 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 10.29.2014 | 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 10.28.2014 | 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...

Even First Ladies Have to Deal With Red Tape

Megan Smolenyak | Posted 11.12.2014 | Entertainment
Megan Smolenyak

With the Ken Burns docu-series The Roosevelts: An Intimate History airing shortly on PBS, this seems a good time to share a snippet of their family history. Specifically, the pages that follow are excerpts from Edith Kermit Roosevelt's file regarding a widow's pension for the service of her husband, Theodore Roosevelt.

The Real Financial Monster: Low Interest Rates

Terry Burnham, Ph.D. | Posted 11.02.2014 | Business
Terry Burnham, Ph.D.

The conventional wisdom: low interest rates are good for both economic growth and the stock market. Unfortunately for the conventional, the "wisdom" of low-rates-stimulate-growth omits three features.

Past Performance Teaches Us Plenty About Saving For Future Retirement

Barry N. Koslow, J.D. | Posted 10.29.2014 | Money
Barry N. Koslow, J.D.

Investment types often trot out the cautionary phrase, "past performance does not necessarily predict future results." And for good reason. Clients must understand that their financial tomorrow is no guarantee. Yet when it comes to the question of whether we are doing enough to ensure that we won't outlive our resources in retirement, we can learn a lot from history.

Chicago Transit Authority Uses Taxpayer Dollars to Transport Themselves

Matthew Dietrich | Posted 10.27.2014 | Chicago
Matthew Dietrich

A new report by the Better Government Association found that the Chicago Transit Authority's retirement plan and health care trust spent almost $60,00...

The Importance of Multiemployer Pension Reform

Randy G. DeFrehn | Posted 10.19.2014 | Politics
Randy G. DeFrehn

Employers need a system that doesn't place their businesses at risk, and employees and retirees need to know that their retirements are secure. They deserve a pension system that they can count on, yet Congress waits to take action.

Pension Cutters Hope California Ballot Measure Could Start A Domino Effect

Capital and Main | Gary Cohn | Posted 07.24.2014 | Politics

The following story was reported by Capital and Main and published here in collaboration with The Huffington Post. Sign up here for email update...

Lots Of Luck

Richard C. Leone | Posted 09.23.2014 | Politics
Richard C. Leone

As he pursues his national "explorations" the governor is sure to be asked about this failure to follow through. And if he really wanted to have bragging rights about what has happened in New Jersey, he clearly missed his best chance by failing to fight for true budget reform.

Is the 2015 Chicago Public Schools budget based on a "gimmick?"

Matthew Dietrich | Posted 09.22.2014 | Chicago
Matthew Dietrich

Q: What's 14 months long and lasts 365 days? A: The Chicago Public Schools 2015 fiscal year. That's no joke. It's the gist of a report from fiscal w...

What Happened To "Rahmbo" Emanuel?

Ted Dabrowski | Posted 09.21.2014 | Chicago
Ted Dabrowski

If Rahm can't save Chicago, then he can forget about running the country.