Pensions case study: North Riverside
Pensions case study: North Riverside
Illinois’ municipal pension shortfall, excluding Chicago, has spiked to more than $12 billion from $1 billion just a decade ago.
Illinois’ municipal pension shortfall, excluding Chicago, has spiked to more than $12 billion from $1 billion just a decade ago.
In order to meet its original enrollment goal of 692,000 enrollments for 2015, Illinois would need to more than double its previous enrollment during the upcoming open enrollment period, thus tripling total enrollment.
Some sectors of Illinois' economy have recovered completely, while others remain dramatically below pre recession levels.
A federal judge approved Detroit’s historic Chapter 9 bankruptcy, allowing the city to shave off $7 billion in liabilities from a total debt of $18 billion.
"Just because you do not take an interest in politics, doesn't mean politics won't take an interest in you." - Pericles
Illinois is still seven years and 286,000 workers from recovery.
Exactly 900 more Illinoisans can expect to be laid off in coming months, according to notices filed with the state.
Not only is a state-based ObamaCare exchange not required by federal law, but it also contains many drawbacks for Illinois consumers and taxpayers.
If this Supreme Court strikes down the IRS subsidies in states without a state-based health-insurance exchange, Illinois employers and employees would see much-needed relief.
At the rate pension costs are expected to increase, by 2029 the state will spend more on retirement costs than on aid to schools.
The Quinn administration ordered that all caregivers must attend a training session hosted by SEIU in order to continue receiving Medicaid benefits.
"Freedom is the emancipation from the arbitrary rule of other men." - Mortimer Adler