Illinois to start “Secure Choice” retirement savings program

Illinois will soon begin a program requiring many employers to help create voluntary retirement-savings plans for employees and offer automatic payroll deductions. State Treasurer Mike Frerichs says that Secure Choice could eventually cover 1.2 million Illinois residents.

State unemployment rate hits 11 year low

The state unemployment rate dropped slightly last month. Illinois hit its lowest unemployment rate in eleven years, coming in at 4.6% in March. Overall, the state lost about 2,100 jobs last month, although gains were made in

AG Madigan brings lawsuit over predatory lending scheme

Attorney General Lisa Madigan’s office is suing a company for what it says is an illegal predatory lending scheme that targeted the retirement benefits of Illinois residents. In a news release, Madigan’s office says that Nevada-based Future

IL House approves “off-shoring” ban

The House has approved a plan pushed by the state comptroller to require Illinois governors to pay employees from their budgets, not those of other agencies. The vote yesterday was unanimous to halt what’s called “off-shoring” of