Tuesday, Jan 27, 2015
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LNeck2012 - Updated Illinois public employee compensation, pension reports - Quincy, IL News - QuincyJournal.com
I have an account, and the links are not working for me either.
UrKidsWillPay - Updated Illinois public employee compensation, pension reports - Quincy, IL News - QuincyJournal.com
If you manage to get through to the pensions sections and check City of Quincy and Quincy Park district you should be able to see that THUS FAR nobody is really making out like bandits and very few of them are retired for more than 20 years. The avg retirement date for the city is 2004. Also, this doesn't appear to cover police and fire pension as I didn't see chief doellman or cramer in…
1950Brutus - Frerichs announces firm will review Treasurer\'s office - Quincy, IL News - QuincyJournal.com
Two things about this don't smell right. 1) Why is Plane Moran doing this at no cost?? 2) A competent Treasurer should be able to do this review himself?? - in my mind it is part of the job description.
WarCry - Lovelace back in court Monday - Quincy, IL News - QuincyJournal.com
Re-read the article. The part with the Mar-Apr dates was the original article before the hearing. The update came AFTER the hearing and moved the date back.
QuincyJournal - Updated Illinois public employee compensation, pension reports - Quincy, IL News - QuincyJournal.com
The links are working. You might have to register with Open The Books. It is free. BG

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9 months, 4 weeks ago Associated Press

Calls for workers to enroll in state-run retirement plan if their employer doesn't provide one

From Associated Press:

Opponents of a proposed state retirement savings program for private-sector workers say the Democratic-backed plan would burden small businesses in an already struggling economy.

Similar to a plan pushed by President Barack Obama in his State of the Union address, the proposal sponsored by state Sen. Daniel Biss cleared a Senate committee earlier this month after lengthy debate. Now Biss has until an April 11 deadline for voting bills out of the Senate to gather support for the program, which has failed to gain approval in recent years.

The proposal calls for businesses without retirement plans and that have 10 or more employees to enroll workers in a savings program overseen by the state. Typically, 3 percent of each participant's paycheck would be pooled into a privately managed investment account overseen by a new state board. Employers would be required to sign up workers, but employees could opt out.

Biss wouldn't call the plan a part of the populist agenda in an election year but said "it is encouraging that there's so much discussion about ways to build ladders into the middle class for low wage workers." He says this program would help millions of Illinoisans who don't have access to employer retirement savings programs.

"I think the increasing discussion about income inequality has left people seeking a mechanism to address that growing problem, but also a mechanism that's not costly for government or for employers when we're experiencing still a far too high rate of unemployment," the Evanston Democrat said.

Democrats who control the Illinois House and Senate are pushing for a minimum wage increase, a graduated or "progressive" income tax that would require more from the wealthy and a tax on millionaires to fund education.

Business groups and Republicans who oppose the plan are asking instead for a study to determine if this plan could work, and they say they would partner to educate workers about saving for retirement.

Kim Clarke Maisch, the Illinois state policy director for the National Federation of Independent Business, said forcing businesses to enroll employees would add to costs and actually hurt low income workers.

"If you can't pay down your credit card and you can't afford groceries, and you can't afford gas for your car, do you really think that forcing them to take 3 percent out of their paycheck makes sense?" Maisch said, adding that the state shouldn't touch private sector retirement dollars after failing to manage public employee pensions.

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