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Posted In: Pension Plans

Is the Pending Illinois Legislation Education Reform or Educator Pension Reform?

Educators and involved parents in Illinois will be closely monitoring the development of the pending Illinois legislation, introduced by State Senator Kimberly Lightford (D-Maywood). According to news sources,…

14 Apr, 2011

Is Your Employer Shopping Service Providers to Ensure the 401(k) Plan Pays Competitive Rates?

Employees, executives and partners in Chicago who make elective deferrals to an employer-sponsored 401(k) retirement account are undeniably trying to save for retirement. Assuming the plan participant elects…

13 Apr, 2011

Do Social Security Payments to Your Children Reduce ERISA Long Term Disability Benefits?

Workers in Illinois and the Midwest may be stunned in disbelief at the notion that payments to their children from the Social Security Administration could reduce the workers’…

10 Apr, 2011
Posted In: Health Insurance

Why Some Health Insurance and Disability Plans Still Have Discretionary Clauses in Illinois

Employees, executives and partners in Chicago may wonder how a clause in a health insurance plan or disability insurance plan may still contain a clause granting the insurance…

07 Apr, 2011
Posted In: Fiduciaries

Pension Plans Subject to Benefit Restrictions Following the Pension Protection Act of 2006

Employees, executives, retirees and soon-to-be retirees in Chicago participating in a single-employer defined benefit pension plan may encounter unpleasant benefit restrictions because of plan underfunding. According to a…

04 Apr, 2011

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