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Illinois governor unveils "bold" plan to save pensions

CHICAGO (Reuters) - Illinois would shore up its sagging public employment retirement system under a plan outlined on Friday by Governor Pat Quinn that gives workers a choice between higher contributions and lower benefits. With pension funding absorbing more and more of the state's budget, Quinn said his plan would save taxpayers $65 billion to $85 billion over 30 years and help stop a further ...

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Retirement, kids, partisan gridlock, and a dearth of good opportunities top Morningstar.com readers' worry lists.

West High senior earns perfect score on national test

Jesse Rowcliff has made history at West Aurora High School. Jesse, a 17-year-old senior, recently earned a perfect score on a national financial test, called the National Financial Capability Challenge, in a first for West High. “At first, why, I didn’t really realize the importance of it,” Jesse said of his bout with perfection. “And then I realized, well, this could probably be one of the ...

Mesirow, Illinois wrangling over College Illinois investments - Pensions & Investments

Pensions & Investments

Mesirow, Illinois wrangling over College Illinois investments Pensions & Investments ... real estate funds, as the agency's former executive director, Andrew Davis, expanded its $1.1 billion portfolio supporting the college savings of more than 30000 Illinois families from a stocks-and-bonds fund to include alternative asset classes. and more »

Pair of professors propose alternative state pension plan - Peoria Journal Star

Pair of professors propose alternative state pension plan Peoria Journal Star Two University of Illinois professors have suggested an approach they believe would save the state half the money it contributes to the State Universities Retirement System for current employees. Jeffrey Brown, a U of I finance professor and director ... U of I professors offer alternative for university retirement planThe State Journal-Register all 16 news articles »