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Pensions

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 07.24.2014 | 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 07.23.2014 | 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 07.22.2014 | Chicago
Ted Dabrowski

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

Is Fishiness Afoot in Redistricting Reform in Illinois?

Matthew Dietrich | Posted 07.16.2014 | Chicago
Matthew Dietrich

Was there something fishy going on when the state board of elections raised questions about whether the redistricting reform campaign had enough valid signatures to get on the November ballot?

26 Illinois Lawmakers Opt Out of Their State Pension Plan

Matthew Dietrich | Posted 07.15.2014 | Chicago
Matthew Dietrich

Some Illinois lawmakers (26 of them, actually), Democrats and Republicans, state representatives and senators, have chosen to forgo the pensions they are entitled to through the General Assembly Retirement System.

The Huffington Post Has A Strange Effect On Chris Christie

The Huffington Post | Marina Fang | Posted 07.02.2014 | Politics

New Jersey Gov. Chris Christie (R) has a unique way to make sure he Thrives: Try to avoid The Huffington Post. In an interview on CNBC's "Squawk Bo...

The 2015 Illinois Budget Is Ridiculous, and Here's 15 Reasons Why

Reboot Illinois | Posted 06.02.2014 | Chicago
Reboot Illinois

The 2015 Illinois budget absurdity and hypocrisy knows few bounds. Yes, there was no vote to raise taxes, making the 5 percent rate permanent. That w...

The Wall Street Pension Scam

Dean Baker | Posted 07.27.2014 | Business
Dean Baker

Every contract for managing pension fund money should be posted on the web and show in plain language the exact fee structure. That way anyone in the country can examine it and assess whether a particular government is overpaying.

Here's How to Fix New Jersey's Budget and Pension Problems

Bob Williams | Posted 07.20.2014 | Politics
Bob Williams

New Jersey's day of fiscal reckoning is here. The state currently faces a more than $800 million shortfall for the current budget period ending on June 30, and another $1.2 billion shortfall for the following period.

5 Ways To Retire On Social Security Alone

Moira McGarvey | Posted 07.12.2014 | Fifty
Moira McGarvey

You can retire on social security and live a nice life. What? I thought that was impossible? Yes, it really can be done. I'm not advocating that you do this but the reality is that many people are facing this scenario.

Zach Carter

You Didn't Even Know These Wall Streeters Were Ripping You Off

HuffingtonPost.com | Zach Carter | Posted 05.09.2014 | Politics

WASHINGTON -- Private equity firms are routinely ripping off their clients, harming pension funds, universities and charitable foundations, according ...

Governor Christie Should Enact Meaningful Pension Reform in New Jersey

Bob Williams | Posted 07.02.2014 | Politics
Bob Williams

Christie's actions, or lack thereof, seem to be firmly in the "ignore it and hope it goes away camp." He has yet to offer specifics on his plan to fix the pension system.

Cerberus Loots Bankrupt Airline's Health Care Account

James P. Hoffa | Posted 06.28.2014 | Business
James P. Hoffa

We don't know how much was in that account. We do know it barely amounted to pocket change for Cerberus, which stands to profit handsomely from the wind-down of World Airways and the sale of assets from a sister airline.

The Real Retirement Crisis

Randi Weingarten | Posted 06.27.2014 | Politics
Randi Weingarten

America's retirement crisis is as consequential as our healthcare crisis. We mustered the will to do the hard work of extending access to healthcare to all Americans. We must also meet a just and civilized standard for retirement, so that retirement is a time of security, not poverty.

An Illustrated History of Retirement and Pensions

Reboot Illinois | Posted 06.23.2014 | Chicago
Reboot Illinois

What's happened over time is a lot fewer active workers are helping fund the retirements of a whole lot more retirees.

Why Are Many Members of Congress Among the Few Americans That Can Retire?

Jane White | Posted 06.22.2014 | Politics
Jane White

If we can't reform our system, we at least need to communicate to baby boomers that they need to stay at their decently-paying jobs at least another decade, rather than "retiring" and ending up taking part-time, benefit-less minimum-wage jobs to try to make ends meet.

Why Is John Cullerton Talking About Sunshine, Rainbows and Liking Illinois?

Matthew Dietrich | Posted 06.11.2014 | Chicago
Matthew Dietrich

Senate President John Cullerton says he likes Illinois. And it's in writing too, so it would be hard for anyone to dispute him on that fact.

Springfield's Gift to Chicago: Step One of Pension Reform, or an Election Year Headache?

Matthew Dietrich | Posted 06.09.2014 | Chicago
Matthew Dietrich

Mayor Rahm Emanuel's pension bill finally got passed through the General Assembly after some property tax language was stripped from the bill.

Pensions Pose Latest Challenge For Chicago Mayor

AP | SARA BURNETT | Posted 04.07.2014 | Politics

CHICAGO (AP) — Rahm Emanuel has been a force in politics — the mastermind behind a Democratic takeover of Congress, dealmaker in two White Houses ...

Watch Chicago's Middle Class Disappear With This Amazing Map

Matthew Dietrich | Posted 06.04.2014 | Chicago
Matthew Dietrich

In 1970, Chicago had a booming middle class. In the 40+ years since then, the middle class has disappeared from the city, squeezed out by growing lower and upper classes. It has left the city with two different economies.

Rahm Emanuel Cuts Pensions While Adding To Donors' Bank Accounts

PandoDaily | Posted 04.04.2014 | Politics

If you’ve read the financial news out of Chicago the last few weeks, you’ve probably heard that the city faces a major pension shortfall, supposed...

America's Pension Black Hole: Dissecting Warren Buffett's Tapeworm

Bob Swarup | Posted 05.31.2014 | Business
Bob Swarup

Warren Buffett described public pension plans as a "gigantic financial tapeworm" and warned of a decade of pain. He was right on the first point, less so on the second.

The Pension Crisis as Told by TV's Finest

Reboot Illinois | Posted 05.25.2014 | Chicago
Reboot Illinois

Get a little confused by all of this pension talk? We've brought some of your favorites from the talking box to help you figure it out!

ALEC: The New-and-Improved Political Corruption

Barbara J. Easterling | Posted 05.21.2014 | Politics
Barbara J. Easterling

Over the last 41 years, ALEC has worked tirelessly to tear down many of the programs and protections Americans, particularly seniors, have come to rely on, and only recently have many of their objectives come to light.