News

News

Illinois one of few states still recovering from the Great Recession
Source: IllinoisPolicy.org

By: J. Scott Moody

Taxpayers, families and business owners have been fleeing Illinois for decades in search of a friendlier environment to put down roots or grow a business. New data from the Internal Revenue Service for the 2010 tax year show that Illinois had the second-worst loss of people and income nationally.

Full article

Read more

Illinois One of Few States Still Recovering from Great Recession
Source: IllinoisPolicy.org

By Michael Lucci

Illinois is one of a handful of states that is still struggling to put people back to work after the Great Recession. Just consider: Though Illinois now has 39,000 more private-sector payrolls jobs now than it had before the Great Recession began, there are 110,000 fewer Illinoisans working than before the recession began.

Illinois’ recovery has been tripped up by anti-jobs regulations, staggering debt problems and painful tax hikes. While surrounding states have attracted new investments and jobs growth, hard-working families in Illinois have been left behind because the state simply hasn’t put its house in order. This has resulted in weak growth and a struggling jobs recovery likely driven by part-time work.

Full article

Read more

Illinois one of few states still recovering from the Great Recession
Source: IllinoisPolicy.org

By: Michael Lucci

Most states have far outstripped Illinois on the number of jobs recovered. And even worse, Illinois has also lagged in the quality of jobs recovered. Illinois was the 37th state to recover and match its pre-recession jobs count. But there are still 110,000 fewer Illinoisans working today than before the recession began.

Illinois is one of a handful of states that is still struggling to put people back to work after the Great Recession. Just consider: Though Illinois now has 39,000 more private-sector payrolls jobs now than it had before the Great Recession began, there are 110,000 fewer Illinoisans working than before the recession began.

Full article

Read more

Let’s make retirement great again – by bringing back a pension system
Source: theguardian.com

By: Suzanne McGee

As Americans look to build their future on 401k plans, they find themselves perched atop nest eggs that are far too small

Here’s a thought about how to make America great again: bring back pensions.

If Donald Trump really is intent on turning back the clock to the glory days of an America before globalization knocked the stuffing out of the US manufacturing sector, why stop at trade?

Part of what is making all but the wealthiest Americans feel so economically vulnerable today isn’t just that incomes have been eviscerated. It’s the fact that when we retire, those of us without pensions – a growing proportion, especially if we’re not public sector employees or union employees – are perched atop very, very tiny nest eggs.

Read more

Downstate Police and Fire Pension Funds in Illinois
Source: Anderson Economic Group

By Ted Dabrowski, Craig Lesner, John Klingner

The Illinois Public Policy Institute commissioned a study of the downstate police and fire pension systems. The study conducted by Anderson Economic Group looked at the management of the funds, investment returns and funding. The study concluded that the police and fire pension funds are well managed and exceeded there investment benchmarks. The actual study.

Full article

Read more

Dates and location for 2016 IPPFA MidAmerican Pension Conference
Source: ippfa.org

2016 IPPFA MidAmerican Pension Conference is now open for enrollment.

Registration now open for the 2016 IPPFA MidAmerican Pension Conference Golf Outing.

2016 IPPFA MidAmerican Pension Conference is schedule for October 4th – 7th, 2016, at the Grand Geneva Resort & Spa in Lake Geneva, WI.

Important update for the 2016 IPPFA MidAmerican Pension Conference: The Grand Geneva Resort & Spa is now full. The Holiday Inn Club Vacation is now accepting reservations. You may also book over the phone by calling (866) 915-4224 and providing the agent with your travel dates between 10/3/2016 and 10/8/2016 along with the group code which is IPP

More information

Read more

Five things to watch after the great Illinois budget deal
Source: Crain’s Chicago Business

By: Greg Hinz

Now that Illinois finally has half a budget for half a year—Hallelujiah! Praise the Lord!—it’s not unreasonable to ask when we’re going to get the rest, that being spending for the second half a year and a tax package to pay for it all instead of continuing to put it on the plastic.

Full article

Read more

Social Security Benefits Eligibility & Signup Guide
Source: Govthub.com

Medicare & Social Security – Getting the Most out of Retirement Benefits
Getting the most out of your retirement benefits isn’t as complicated as many may think. While it is true that every seniors situation is unique to themselves and their spouses, maximizing your benefits to ensure you get the best possibly outcome isn’t.

4 Tricks For Stretching Your Social Security Benefits
Making the best of your Social Security benefits is a struggle for many Americans, especially those of you who are largely dependent on Social Security for most of your monthly income. Questions like when to begin drawing your benefits, how to best spend them, and what to do if your benefits aren’t enough to survive on weigh on millions of seniors minds every year.

Full article

Read more

Policy Basics: Top Ten Facts about Social Security
Source: CBPP.org

Eighty years after President Franklin Roosevelt signed the Social Security Act on August 14, 1935, Social Security remains one of the nation’s most successful, effective, and popular programs. It provides a foundation of income on which workers can build to plan for their retirement. It also provides valuable social insurance protection to workers who become disabled and to families whose breadwinner dies.

Full article

Read more

Illinois lawmakers to reconvene Wednesday as budget deadline nears
Source: The Associated Press

The Illinois legislature plans to reconvene next week as the state approaches a second year without a budget.
Senate President John Cullerton told members Thursday they should return to Springfield on Wednesday. The House also is expected to be in session.
Lawmakers have been working on a stopgap budget to fund schools and other government services in the fiscal year that begins July 1.

Full article

Read more
Top