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Cullerton, Madigan square off with competing pension reform plans
— As Illinois lawmakers weigh a pair of competing pension reform plans this spring, a big factor they're considering is how much each approach would save the beleaguered state treasury. Illinois already spends more on government worker...
Tags: Christine Radogno, Government, Executive Branch, Donne E Trotter, Justice System
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FACTBOX-U.S. Treasury's tools to delay hitting debt limit
ReutersMay 17 (Reuters) - U.S. Treasury Secretary Jack Lew on Friday announced a series of steps the Obama administration is prepared to take so it can keep paying the nation's bills once a temporary suspension of the cap on the U.S. government's debt expires...Tags: Investments, Bonds, Congressional Budget Office, Government, Labor Legislation
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YOUR MONEY: How to see the world and 'arbitrage' your retirement
Reuters(The writer is a Reuters contributor. The opinions expressed are his own) By Chris Taylor NEW YORK, May 17 (Reuters) - In the financial world, arbitrage is a trading strategy that earns profit by exploiting price differences between markets. By that...Tags: Malaysia, Government Health Care, Real Estate Buyers, Social Security, Services and Shopping
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How to see the world and 'arbitrage' your retirement
ReutersNEW YORK (Reuters) - In the financial world, arbitrage is a trading strategy that earns profit by exploiting price differences between markets. By that definition, Dan Prescher is a sophisticated arbitrageur. The 58-year-old makes a decent living as a...Tags: Malaysia, Government Health Care, Real Estate Buyers, Social Security, Services and Shopping
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Secure your finances before helping family
When Harold Seybert retired a few years ago, money wasn't his biggest challenge. After a 35-year career building an East Coast supermarket chain, a rise that required 15-hour workdays, he had to come to grips with what he had missed at home. "I was...Tags: Economy, Business and Finance, Finance, Career and Workplace
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Rich Danker: For real pension reform, inequality must be stressed
Just a few years ago, pension reform appeared inevitable. The drop in asset prices during the financial crisis had left public pension funds trillions of dollars behind on meeting future obligations. The defined benefit model was under fire as unduly...Tags: Government, Elections, Jack Latvala, Career and Workplace, U.S. Congress
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Health concerns top list of retirement worries in U.S. - study
ReutersMay 6 (Reuters) - Health problems and the cost of healthcare are the biggest concerns for those entering retirement, according to a study released on Monday from Bank of America Corp's Merrill Lynch. The findings, part of a larger study focused on how...Tags: Government Health Care, Health Insurance Cost, Health, Bank of America Corp., Career and Workplace
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Boomers facing uncertainty of retirement, maybe working years more than they thought
The Great Recession saw unemployment rates double and the housing bust that proved far stronger and lasted much longer than anyone had expected. Through it all, retirement savings plans took a major hit. The economy is improving now. South Florida...
Tags: Boca Raton, Palm Beach (Palm Beach, Florida), Economy, Business and Finance, Unemployment, Employee Benefits
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Five killings at Camp Liberty in Iraq: Calculation or despair?
JOINT BASE LEWIS-McCHORD, WASH. — The court-martial of Army Sgt. John Russell concluded Saturday with a military judge asked to decide whether the 14-year Army veteran was deluded by depression and despair as he shot five fellow service members in...
Tags: Mental Illness, Stress, Depression, Mental Health, Murder
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Glendale pays big pension numbers
As Glendale struggles to get a handle on its growing pension obligations, records show that about 11% of the nearly 1,350 city retirees draw annual pensions of more than $100,000 a year — and some of them far more than that. At the top of the list...
Tags: California Public Employees' Retirement System, Public Employees, Government, Employee Benefits, Interior Policy
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Knock yourselves out, Senators
If a good plan for relieving Illinois' pension crisis has momentum, why not offer an inferior proposal that wouldn't do as much good? To that end, Senate President John Cullerton on Monday unveiled another insufficient pension reform bill, this one with...
Tags: Labor Legislation, Tom Cross, Politics, Health Insurance, Crime, Law and Justice
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Waiting to take Social Security is usually the best bet
Dear Liz: When I was 62, I started Social Security and I'm currently saving half of my monthly benefit after taxes (about $750). My decision to take my benefits early was influenced by a financial columnist who suggested that if I started at 62 and...Tags: Economy, Business and Finance, Finance, Social Security, Internal Revenue Service, Career and Workplace
May 18, 2013
|Story| Chicago Tribune
May 17, 2013
|Story| Reuters
May 17, 2013
|Story| Reuters
May 17, 2013
|Story| Reuters
May 17, 2013
|Story| Chicago Tribune
May 14, 2013
|Story| South Florida Sun-Sentinel
May 6, 2013
|Story| Reuters
May 13, 2013
|Story| South Florida Sun-Sentinel
May 11, 2013
|Story| Los Angeles Times
May 11, 2013
|Story| Glendale News Press
May 8, 2013
|Story| Chicago Tribune
May 10, 2013
|Column| Los Angeles Times
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