Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
And for some of the rest of the story:
Illinois Policy Institute.
Illinois Unemployment Accounts Repeatedly Hijacked by Thieves.
by Patrick Andriesen.
August 6, 2022.
“One industry expert told Robinson’s committee the solution for a majority of IDES’ woes is relatively cheap and simple: a security protocol called multi-factor authentication.
‘Account takeover is 10-year-old stuff,’ said Haywood Talcove, an executive with LexisNexis Risk Solutions who testified before the cybersecurity committee.
‘It shouldn’t be happening anywhere.
There’s no excuse for it.’”
http://www.illinoispolicy.org/illinois-unemployment-accounts-repeatedly-hijacked-by-thieves