News

Legislation: Forced Pensions For Private Businesses

Legislation:  Forced Pensions For Private Businesses

Photo: Newsradio WTAX

Legislation is advancing in the Illinois House and Senate that would require most private-sector businesses without retirement plans to enroll their employees in a statewide savings program.

The program would take three percent from workers’ paychecks and put the money into a privately managed investment fund, however employees could choose to opt out of the program.

State Senator Daniel Biss says his proposal would allow millions of people to save for retirement with little cost to the government, or to businesses.

Business groups say the state shouldn’t force businesses to enroll employees in the plan, arguing that it would add costs and complications to businesses.

Recent Headlines

in Local

National Night Out: One Organizer’s Story

Fresh
8-4-15 National Night Out

The "National Night Out" is a chance for you to meet your neighbors and become friends, in a effort to not only look out for each other, but also to foster friendships.

in Local

Christian County Authorities Look for Man Wanted in High-Speed Chase

Donald Ray Van Hoose III

Authorities in Christian County are looking for a man they say led police on a high speed chase before fleeing a car on foot.

in Local

Schock Spending Continues to be Scrutinized

schock

A new financial report from former Congressman Aaron Schock's political action committee shows campaign money has been spent since he left Congress.

in Local

Duckworth Lawsuit Enters Senate Race

tim_schneider

An ethics lawsuit may factor into next year's U.S. Senate race.

in Local

Blagojevich Wants Full Court Appeal

blagojevich

Blagojevich is hoping the full court will overturn more counts.