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ProfessorGAC

(76,375 posts)

11. ^^^This^^^

Reply to AngryAmish (Reply #9)

Mon Jan 25, 2016, 07:53 AM

Jan 2016

Exactly my concern. This could turn out to be another "earmark" that ends up being part of the general revenue fund. Just like the IL lotto. Didn't really set it aside for education, because they cut other funding for education to offset the lotto money. Essentially, the lotto money just became a fraction of the general revenue.

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Highlight:

Half of America’s Workforce has No Retirement Plan—But Illinois has a Fix [View all] eridani Jan 2016 OP

Kinda like a state social security? Does the "no retirement" include soc sec? Liberal_in_LA Jan 2016 #1

No, just personal savings. Far more people rely only on Social Security-- eridani Jan 2016 #2

Simpler and better... daleanime Jan 2016 #3

That, too. The reality is that we need savings as well as Social Security eridani Jan 2016 #4

Agree SS + personal investment accounts is Hortensis Jan 2016 #8

It sounds good but wages need to be above subsistence for it to work Warpy Jan 2016 #5

Precisely Sherman A1 Jan 2016 #6

Depending on how much the worker is getting paid it might work. hobbit709 Jan 2016 #7

Never give Illinois politicians anything. AngryAmish Jan 2016 #9

^^^This^^^ ProfessorGAC Jan 2016 #11

So employers set up savings accts for their employees? elias49 Jan 2016 #10

In addition to the half that has no retirement plan at all... Orrex Jan 2016 #12

"Want to retire? Make More money!!" HughBeaumont Jan 2016 #13