Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Compass
|
AimPoint Pension
|
Loan & Distribution Specialist AimPoint Pension
|
Regional Vice President of Sales The Retirement Plan Company
|
Bates & Company, Inc.
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Pension Amendment to Illinois Constitution Fails
Chicago Sun-Times; free registration may be required Nov. 7, 2012
"With about 90 percent of the vote reported ... the proposed amendment had support from 56 percent of Illinoisans who voted on the measure. But that fell short of the two criteria needed for passage.... With lawmakers stalemated on how to fix a severely underfunded pension system, the amendment would have required a three-fifths vote of the Legislature -- instead of a simple majority -- to increase pension benefits for public employees. Illinois pension systems are in a financial mess, and some critics say legislators too often grant better benefits without worrying about the cost. The amendment was intended to rein in lawmakers who might ram a pension increase through the General Assembly."
|
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |