Illinois Is First State With New Savings Plan for Workers

Illinois will become the first state with a broad-based effort to automatically enroll private-sector employees without retirement plans into a new savings program. Gov. Pat Quinn signed legislation on Sunday that creates the Illinois Secure Choice Savings Program. Employers with at least 25 workers and no retirement plan will be required to offer employees the option of enrolling in Secure Choice, which allows employees to invest in a Roth IRA through payroll deduction. Employees can decline. “This turnkey program will make it …

Small-Business Owners Agree: Secure Choice Is Right for Illinois

BREAKING UPDATE 12/2/14: The Illinois House of Representatives passed the Illinois Secure Choice Savings Program.   I want to bring your attention to something happening right now in Illinois that could give small businesses a competitive edge and help millions of Illinois workers have a secure financial future — but time is running out. Only three days remain for the state House of Representatives to pass the Illinois Secure Choice Savings Program and give over 2 million Illinoisans a pathway to …

Creating Effective State-Sponsored Retirement Plans

By Gary Koenig, Vice President, Financial Security, and David John, Senior Policy Adviser, Financial Security State-sponsored retirement savings plans can help private-sector workers not covered by employer plans build financial security. How many workers? More than you might think. In 2013, about 55 million private-sector employees did not have access to a retirement plan at work, including more than 7 million in California, 2 million in Illinois, and about 1 million each in Indiana and Maryland. Research shows that middle …

11 Things We Didn’t Know Last Week

News, discoveries and … fun 1. Making candy corn used to be back-breaking work. (Learn more at Slate) 2. Kanzi, a 33-year-old ape, can build a fire and roast marshmallows. (Learn more at GrindTV.com) >> Famous Child Stars — Where Are They Now? 3. Gladiators in the 2nd century consumed an “energy drink” of vinegar and ash. (Learn more at Discovery) 4. The coating on cash register receipts causes serious health problems. (Learn more at AARP)   5. Nearly 1 in …

Top 10 Unbelievable Excuses for Calling In Sick

The job-listing site CareerBuilder released its 2014 roundup of the year’s 10 most dubious excuses that bosses have heard from employees. It’s hard to believe, but here are the doozies your colleagues are dishing out when they call in sick:   I  just put a casserole in the oven.   My plastic surgery for enhancement purposes needed some “tweaking” to get it just right.   I was sitting on the toilet for so long that my feet and legs fell …

Bloomberg Gives Shout-Out to Older Workers

Michael Bloomberg, founder of the financial services company Bloomberg LP and former mayor of New York City, says younger people worry about hiring older workers. They come up with a lot of excuses, like older workers are “old school” or “won’t fit in with the culture,” but the bottom line is they don’t want older employees, Bloomberg said at a panel in New York today. >> 10 Growing Job Fields Kudos to Bloomberg for calling this out. Not only is this, er, …