-- Connecting the dots between our economy, government and business --
COGFA says that the state’s unfunded pension debt grew to nearly $134 billion in 2018. Pension debts rose by more than $4 billion despite strong stock markets, a booming national economy and billions more in taxpayer contributions.
Last month, Illinois and California began requiring employers that don’t offer retirement plans to give employees access to state-sponsored savings vehicles, by automatically enrolling them in individual retirement accounts invested in mutual funds. Employees are free to opt out.
The University of Illinois bought insurance against a downturn in applications from international… This is deeper than just rhetoric. It goes back a long way.
“My assumption is that this is a pretty mature investigation. For the FBI to raid an office at city hall knowing that it’s going to be a public event –– and cover windows with paper — suggests to me that this wasn’t an exploratory effort, but the end of an investigation,” Axelrod said Friday.
Comment: More have college degrees. Whether that makes them more educated may be a matter of opinion.
Hope springs eternal.
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