When Chicago spent its pension money on the mayor’s pet projects

When Chicago spent its pension money on the mayor’s pet projects
www.chicagoreader.com

As mayor, Richard M. Daley spent hundreds of millions of dollars on unnecessary pet projects—and Emanuel seems to have the same bad habit.

401(k)/IRA Holdings in 2013: An Update from the SCF | Center for Retirement Research

401(k)/IRA Holdings in 2013: An Update from the SCF | Center for Retirement Research
crr.bc.edu

401(k)/IRA Holdings in 2013: An Update from the SCF Alicia H. Munnell IB#14-15 The brief’s key findings are: The Federal Reserve’s 2013 Survey of Consumer Finances provides an opportunity to examine…

Detroit’s underfunded pension now at center of class-action lawsuit

Detroit’s underfunded pension now at center of class-action lawsuit
clickondetroit.com

While it’s looking like Detroit is well on its way to exiting bankruptcy, the legal wheels keep spinning.

Rauner Trying To Soften Image On Pensions

Rauner Trying To Soften Image On Pensions
wuis.org

Republican candidate Bruce Rauner continues trying to soften his image when it comes to government employees. This comes after he won the nomination in part by relentlessly attacking public employee unions.

Shifting the “Normal” Cost of the Pension Systems to School Districts, Universities and Colleges = “Massive Property Tax Increases”

teacher/poet/musician : Shifting the “Normal” Cost of the Pension Systems to School Districts,…
teacherpoetmusicianglenbrown.blogspot.com

A writer must “know and have an ever-present consciousness that this world is a world of fools and rogues… tormented with envy, consumed with vanity; selfish, false, cruel, cursed with illusions… He should free himself of all doctrines, theories, etiquettes,…

401(k) breaches undermining retirement security for millions

401(k) breaches undermining retirement security for millions
www.washingtonpost.com

The move raises questions about the effectiveness of an important savings vehicle for old age.

Can insurance companies save public pensions?

Can insurance companies save public pensions?
www.washingtonpost.com

Sen. Orrin Hatch has an idea to fix public pensions.

Former San Jose Police Chiefs Say Pension Reforms Have Created A Public Safety Crisis

Former San Jose Police Chiefs Say Pension Reforms Have Created A Public Safety Crisis – CBS San…
sanfrancisco.cbslocal.com

Four former San Jose police chiefs announced their support for county supervisor Dave Cortese in the mayor’s race on Thursday citing crime and police staffing as the two of the main issues in the campaign….

Emanuel socks city retirees with 40 percent health insurance hike

Emanuel socks city retirees with 40 percent health insurance hike – Chicago Sun-Times
www.suntimes.com

Mayor Rahm Emanuel on Friday dropped another financial bombshell on Chicago’s 25,000 retired city workers and their dependents: their monthly health insurance premiums will be going up by a whopping 40 percent — in spite of a pending lawsuit…

Never Forget

60000-70000.

The number of responders exposed to the highly toxic dust from the wreckage of the World Trade Center towers. It contained asbestos, glass shards, cement and other toxins.

2,000

The number of first responders injured.