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Retirement

A collection of news and information related to Retirement published by this site and its partners.

Top Retirement Articles

Displaying items 56-66
  • Readers respond: Taxing retirement income

    Readers respond: Taxing retirement income
    Columnist Melissa Harris is correct in her assessment that taxing retirement income in Illinois makes good sense, particularly given the state's current fiscal problems. As a Navy retiree, I was surprised to learn that my pension is not taxed in Illinois....
  • Investment advice becoming a new option for retirement plans

    The huge baby boom generation has had an impact on society at every stage of its evolution. Do you think it's a coincidence that contact lenses and Lasik surgery became affordable just as boomers started to need help with their eyesight? Or that hip and...
  • Murky mess at Illinois Capitol as higher stakes loom

    Murky mess at Illinois Capitol as higher stakes loom
    Gov. Bruce Rauner on Thursday admitted he's not sure his plan to cut government worker pension costs is legal and suggested legislators may need to pass a bunch of laws to see what sticks. Rauner also indicated he's "taken a number of things off the...
  • How to catch up on the pension crisis (if you haven't been listening for the past 10 years)

    How to catch up on the pension crisis (if you haven't been listening for the past 10 years)
    Explain this pension thing to me, please. As the newest member of the Tribune Editorial Board, I knew coming in about a month ago that I was enrolling in a crash-course on the Illinois pension crisis. Trouble is, there’s so much homework I&...
  • Rauner sticks to his pension approach despite questions about legality

    Rauner sticks to his pension approach despite questions about legality
    Gov. Bruce Rauner is sticking to his plan to reduce retirement benefits for government workers, even after a recent Illinois Supreme Court ruling severely limited options for cutting state pension costs, administration officials said Wednesday. That...
  • PA Senate passes pension bill amid legal concerns, iffy $18 billion savings

    PA Senate passes pension bill amid legal concerns, iffy $18 billion savings
    HARRISBURG — On a near party-line vote that angered unions, the Republican-controlled Senate approved a pension bill Wednesday that reduces government's share of workers' retirement benefits to save taxpayers $18.2 billion over 30 years. But the...
  • Fix retirement problem with savings plans

    Fix retirement problem with savings plans
    ¬† America's middle-class workers have plenty to worry about — but for many, the biggest anxiety is what happens when they are workers no longer. Many will reach retirement only to find they have saved too little to live comfortably. Some will choose...
  • Judge sets hearing in Chicago pension deal lawsuit

    Judge sets hearing in Chicago pension deal lawsuit
    A lawsuit by unions and retirees challenging Mayor Rahm Emanuel's changes to city pension funds ultimately will be decided by the Illinois Supreme Court when all is said and done, a Cook County judge said Wednesday. To that end, Associate Judge Rita...
  • Senate President Cullerton offers new pension plan

    Senate President Cullerton offers new pension plan
    Lawmakers returned to the Capitol on Tuesday facing renewed pressure to overhaul the state's employee pension system after the Illinois Supreme Court struck down a law aimed at sharply curbing benefits, with Senate President John Cullerton proposing an...
  • Pension ruling also undercuts Rauner budget, raises pressure for tax hike

    Pension ruling also undercuts Rauner budget, raises pressure for tax hike
    The Illinois Supreme Court's decision to strike down a landmark pension law also blew up Republican Gov. Bruce Rauner's budget plan and put pressure on him and the Democratic-led legislature to swiftly increase taxes to resolve state government's...
  • Lay off the layoff idea for state workers

    Lay off the layoff idea for state workers
    It's not possible. It's not legal. It's not practical. It's not fair. And it's not economical. Other than that, the suggestion offered to Gov. Bruce Rauner on these pages Tuesday is a good one. "Lay off the entire state workforce, and close the...