Quote of the day, December 19
Quote of the day, December 19
Allegheny Technologies to modernize retirement benefits with 401(k)-style plan
Allegheny Technologies to modernize retirement benefits with 401(k)-style plan
Allegheny Technologies is making the switch to a 401(k)-style plan despite the fact that the company’s defined-benefit plan is currently 87 percent funded. Regardless of how well funded some defined-benefit plans can be, the plans are no longer affordable or sustainable.
Quote of the day, December 18
Quote of the day, December 18
Quote of the day, December 17
Quote of the day, December 17
No more blank checks for ObamaCare insurers
No more blank checks for ObamaCare insurers
The new federal spending bill, dubbed the “CRomnibus,” codifies that the ACA payments to insurers are budget-neutral, as the revenue to fund them will come from fees already assessed on health-insurance plans. This is not the blank check that insurers were hoping for.
Rauner named most important pension player in the nation
Rauner named most important pension player in the nation
There’s a reason Bruce Rauner topped Institutional Investor’s Pension 40 list – he has the potential to fix the nation’s worst pension crisis.
The narrative
The narrative
Quote of the day, December 16
Quote of the day, December 16
Jobs serve as a stopgap for Chicago teen violence
Jobs serve as a stopgap for Chicago teen violence
But Chicago’s minimum-wage hike is a stopgap for jobs.
Quote of the day, December 15
Quote of the day, December 15
Chicago minimum-wage timing could spell disaster
Chicago minimum-wage timing could spell disaster
Chicago City Council claims that over 400,000 workers in Chicago will get pay hikes. What lawmakers should be studying is how many tens of thousands of those workers are going to be unnecessarily thrown out of work the next time the economy slows down, property taxes go up or a new technology comes along that can replace human labor.
Quote of the day, December 14
Quote of the day, December 14
Harvard study ranks Illinois among most corrupt states
Harvard study ranks Illinois among most corrupt states
The state’s entrenched culture of cronyism is blindingly clear, especially to those who report on it for a living.