The Annual State Universities Annuitants Association meeting was in Springfield on June 19 and 20. Moraine Valley had four representatives at the meeting: Pat Bauhs, Kathleen Stewart, Jim Lentz, and Louann Tiernan. Louann prepared a summary while it was all fresh in her mind. Take a look and thanks, Louann.
Ellen Schultz documents the biggest heist in history, all the more horrifying because it is legal. It is no secret that hundreds of companies have been slashing the pensions and health coverage earned by millions of retirees.
Retirement Heist is a scathing expose of one of the most critical and least understood crises of our time. Ms. Schultz, an investigative reporter for the Wall Street Journal, reveals how large employers and the retirement industry have played a huge and hidden role in the death spiral of American pensions and benefits. Though the focus is on large companies—which drive the legislative agenda—the same games are being played at smaller companies, nonprofits, and public pension plans.
by Ellen Schultz
Look for it at your local library or at Amazon.com.
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Please check back to find out what’s new within the organization, as well as political and legislative issues affecting the pension system.