Quinn: No pension ‘Plan B’ before court ruling

Quinn: No pension ‘Plan B’ before court ruling
sj-r.com

CHICAGO — Gov. Pat Quinn argued Friday that it makes no sense to develop a contingency plan to solve Illinois’ pension crisis despite urgent financial difficulties and signals the landmark law the Chicago Democrat signed in 2013 could be found unconstitutional.

Think tank proposes new, minimum pension plan

Think tank proposes new, minimum pension plan
www.pionline.com

Employers should be required to offer a minimum pension and contribute a minimum of 50 cents per hour worked for every employee into a retirement plan, said a report released Tuesday from Third Way, a public-policy think tank and advocacy organization based in Washington.

Marin Voice: Good pensions are vital to maintaining the middle class

Marin Voice: Good pensions are vital to maintaining the middle class
www.marinij.com

For more than a generation after the Great Depression and World War II, good pensions were a cornerstone of the vibrant middle class in America.

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.