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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

Displaying items 1-5
  • 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.)
  • Different pension rulings expected in Stockton, Detroit bankruptcies

     Different pension rulings expected in Stockton, Detroit bankruptcies
    Stockton employees and retirees avoided pension cuts when a federal judge last week approved the San Joaquin Valley city's plan to emerge from bankruptcy. U.S. Bankruptcy Court Judge Christopher M. Klein opted to protect pensioners' payouts despite...

    Look beyond the courts for CPS bonds

    The Tribune's expose on how banks hurt taxpayers by cheating the taxpayer-supported schools was wonderful. Yes, there should be recourse through the courts like in the other states as cited in Jackson Potter's op-ed (Perspective, Nov. 12). But there...

    Bruce Rauner says he hopes Illinois Supreme Court gives clue on pension law

     Bruce Rauner says he hopes Illinois Supreme Court gives clue on pension law
    Making his first post-election appearance at the Capitol on Thursday, Gov.-elect Bruce Rauner said he hopes the Illinois Supreme Court eventually will provide guidance on what changes are acceptable when it comes to fixing the state's more than $100...

    Politics And Prison: From Serving The Public To Serving Time

    Politics And Prison: From Serving The Public To Serving Time
    It was during a run of particularly good luck for law enforcement but bad luck for the political class that the FBI issued an assessment of the local political landscape that has lost none of its bite. "If things keep going the way they have been in...