"From an employer's perspective, the promise of administrative simplicity could prove to be illusory. There will have to be ongoing employee communications, an enrollment process, a deposit arrangement, and account management functions that will have to accommodate employees who do not have access to internet portals that are customarily provided to manage personal retirement funds. From an employee's perspective, how reliable is the pledge of low cost, competitive investments? ... And from the tax payers standpoint, is it really free? ... [W]hat about the costs of the infrastructure set up and rollout? ... And keep in mind, this is Illinois, an insolvent state with a history of insider deals and corruption involving the management (and mismanagement) of state pension funds ... So, what could possibly go wrong?"  MORE >>