Union coalition: Preserve fair appellate process

Union coalition: Preserve fair appellate process
www.weareoneillinois.org

We Are One Illinois has asked the state Supreme Court to deny a request for a rushed ruling on the constitutionality of pension-cutting SB1. The coalition urges the Court to follow established rules to preserve a fair process for all parties.

Pensions Can Provide Retirement Income at Half the Cost of Individual Accounts

Pensions Can Provide Retirement Income at Half the Cost of Individual Accounts
www.nirsonline.org

National Institute on Retirement Security

Next up: Illinois municipal bankruptcy?

Next up: Illinois municipal bankruptcy?
politics.suntimes.com

At its recent annual conference the Illinois Municipal League, a century old adviser and advocate for local government, took the unprecedented step of sponsoring an in-depth session on a volatile topic: hometown bankruptcies.

NIRS study: DB plans still more cost-effective

NIRS study: DB plans still more cost-effective
m.pionline.com

The structural cost advantages of defined benefit plans over defined contribution plans has not changed in recent years, despite DC enhancements, said a research report released Thursday by the National Institute on…

Illinois’s Pension Absurdity

Illinois’s Pension Absurdity
online.wsj.com

A judge rules that all benefits are forever, no matter the public cost, writes the Wall Street Journal in an editorial.

teacher/poet/musician : Another Reason Why the State’s Unfunded Pension Liability Continues to Grow

teacher/poet/musician : Another Reason Why the State’s Unfunded Pension Liability Continues to Grow
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…

Retiring Illinois lawmakers bring home the pension bacon – Illinois Review

Retiring Illinois lawmakers bring home the pension bacon – Illinois Review
illinoisreview.typepad.com

Source Illinois News Network – SPRINGFIELD – While Illinois politicians wrestle with how to tame the state’s ballooning pension shortfall, some of those leaving elected office in January will contribute to the problem by drawing large pensions of their own…

Retirement Security Eroding for Middle-class Americans

Retirement Security Eroding for Middle-class Americans
www.financialbuzz.com

The latest National Retirement Risk Index, published by Boston College’s Center for Retirement Research paints a harsh reality for middle class America. About half of today’s current working population will not be financially able to maintain its current standards of living post retirement, and…

Illinois attorney general files notice of appeal in pension case

Illinois attorney general files notice of appeal in pension case
m.sj-r.com

Illinois Attorney General Lisa Madigan,s office on Wednesday filed its notice of appeal to the Illinois Supreme Court of last week,s ruling that the state…

Should we worry about the unions’ “commitment… to develop a fair and constitutional solution to fund the state’s retirement systems” after the Illinois Supreme Court’s ruling?

Should we worry about the unions’ “commitment… to develop a fair and constitutional solution to fund the state’s retirement systems” after the Illinois Supreme Court’s ruling?
teacher/poet/musician

“…Going forward, our union coalition repeats our longstanding commitment to work with anyone of good faith to develop a fair and constitutional solution to fund the state’s retirement systems” (The Illinois Education Association, November 25, 2014).