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Pension and Welfare

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

Top Pension and Welfare Articles see all

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  • News of the Weird: A Piece of the Action

    News of the Weird: A Piece of the Action
    “Fantasy sports” are hugely popular, but when fans “draft” players for their teams, they “own” only the players' statistics. Recently, Wall Street and Silicon Valley entrepreneurs created Fantex Holdings, which will allow investors to buy actual pieces of real players — namely, rights to 20 percent of the player's lifetime earnings (including licensing and product endorsement deals). The firm told The New York Times in October that it will soon stage an “IPO” for budding NFL star Arian Foster and hopes to sign up many more athletes, plus singers and actors similarly early in their careers. (On the other hand, Fantex's lawyers drew up a 37-page list of potential investment risks, such as injuries, slumps and scandals — and the fact that the stock will trade only on Fantex's private exchange.)
  • Endorsements for Illinois Senate

    Endorsements for Illinois Senate
    Here's a prediction on which you can bet the house: Democrats will control the General Assembly after the Nov. 4 election. It's a mathematical certainty in the Senate. Democrats hold a 40-19 majority, and only seven seats are contested. If Republicans...

    Plantation says no to medical marijuana

    Plantation city officials don't want medical marijuana in their city. Council members unanimously agreed to not allow marijuana facilities to start up in the city should the medical marijuana amendment on the November ballot pass, citing the public...

    Nappier Battles Herbst For State Treasurer

    Nappier Battles Herbst For State Treasurer
    With sole authority over the state's $29.7 billion pension fund, the state treasurer wields enormous power and responsibilities for state retirees and their beneficiaries. Democratic treasurer Denise Nappier has overseen the pension fund for the past 16...

    Two challengers attack Harhart in debate

    Independent candidate Michael Molovinsky may be a long shot for the 183rd state house district, but he had little trouble standing out in a three-way candidate debate Saturday morning. The candidate, known best for his "Molovinsky on Allentown" blog and...