Illinois

401(k)-style pension reform in Alaska

By Benjamin VanMetre
11/05/2014
In 2005, Alaska froze the state’s traditional defined-benefit pension plan and created a self-managed 401(k)-style retirement plan for new public employees and teachers.

TAGS: 401(k)

7 of 10 Illinois metro areas are not recovering at all

By Michael Lucci
11/03/2014
Unemployment rates fell for most of Illinois’ metropolitan statistical areas in September, according to a press release from the Bureau of Labor Statistics. However, seven out of 10 Illinois metro areas are not showing any signs of an economic recovery when it comes to putting people back to work. Champaign, Chicago and Springfield are showing...

TAGS: Chicago, jobs

Illinois Corruption Watch, October 2014

By Brian Costin
11/01/2014
In October, we found 52 different stories of potential public corruption in Illinois, including a trio of stories related to the election. An Illinois Policy investigation into emails from a group of Kankakee County superintendents revealed potentially illegal activities to pass a countywide sales-tax hike for school facilities. Documents obtained suggest illegal actions by superintendents...

TAGS: good government, waste

Illinois’ ‘temporary’ 2011 tax hike breaks household budgets

By illinoispolicy
10/31/2014
Illinois’ “temporary” 2011 tax hike made the state’s slow recovery even worse. The tax hikes hit at the worst possible time – right after household incomes had collapsed during the recession. Since the tax hikes, the monthly growth in the number of people working in Illinois has slowed down by 60 percent, while the monthly...