Furious Styles wrote:
Eaglo wrote:
I'm your vehicle, baby.
This might be the best Eagloism ever. Well done.
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| IDES really does need help https://mail.chicagofanatics.com/viewtopic.php?f=47&t=124776 |
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| Author: | denisdman [ Fri Mar 05, 2021 1:18 pm ] |
| Post subject: | IDES really does need help |
I know there was a help wanted post for these guys. Ouch. Lawmakers unsatisfied with IDES after questioning By JJ Bullock (jbullock@dailyherald.com) Suburban lawmakers expressed frustration Thursday after listening to testimony from the head of the Illinois Department of Employment Security about Illinoisans’ difficulties filing unemployment claims and rampant fraud cases. Representatives from both parties harshly criticized officials from the IDES and said an Illinois House committee hearing left them with more questions than answers. “(The IDES) is lacking in performance, they aren’t being very transparent and ultimately that is what is creating a lot of the problems here,” said Rep. Fred Crespo, a Democrat from Hoffman Estates. “People are calling our offices because they cannot get through to (IDES) lines.” IDES Director Kristin Richards delivered a PowerPoint presentation to a trio of House committees Thursday and then stood for questioning from lawmakers in an attempt to address their concerns. Lawmakers, however, were not appeased. “It’s the same song and dance we have been hearing for the last six, seven months,” said Rep. Kathleen Willis, a Democrat from Addison. “It’s, ‘They’re doing their best to get back to calls, they’re short-staffed,’ ... they hear us but it’s not changing the outcome. That’s our frustration.” The IDES has seen the number of unemployment claims spike dramatically since the COVID-19 pandemic struck last March. At one point last April the state’s unemployment rate climbed to 17.2 percent, leading to the department receiving claims and calls officials say they did not have the staff to handle. Now lawmakers are saying that story is running thin. “They have lag times of two to six weeks getting back to people. I think we should expect better from the state,” said Rep. Martin McLaughlin, a Republican from Barrington Hills. “I understand it is unprecedented times, however, we should be able to plan and ramp up any of these departments in much shorter than a six-month period.” “I was not reassured in how they’ve got their hands around the situation,” McLaughlin said. Richards said to lawmakers Thursday that scaling up staff to help handle the volume of calls is a top priority of the agency. “It’s very difficult for us to scale during times of crisis and generally speaking states are incentivized by the federal government to cut resources during times of low unemployment, which leads us to head count deficits when times are tough,” Richards told the committees. A spokesperson from the IDES said the department is disappointed in lawmakers’ criticisms given the department’s willingness to meet with lawmakers over the past several months. |
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| Author: | City of Fools [ Fri Mar 05, 2021 1:24 pm ] |
| Post subject: | Re: IDES really does need help |
there's an unemployment problem yet...IDES can't find employees. Oh, the irony. |
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| Author: | Furious Styles [ Fri Mar 05, 2021 1:25 pm ] |
| Post subject: | Re: IDES really does need help |
Eaglo wrote: I'm your vehicle, baby.
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| Author: | Frank Coztansa [ Fri Mar 05, 2021 1:28 pm ] |
| Post subject: | Re: IDES really does need help |
Furious Styles wrote: Eaglo wrote: I'm your vehicle, baby. This might be the best Eagloism ever. Well done.
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| Author: | denisdman [ Fri Mar 05, 2021 1:29 pm ] |
| Post subject: | Re: IDES really does need help |
More Illinois magic. Moody’s: State’s pension debt tops $300B By PETER HANCOCK (Capitol News Illinois phancock@capitolnewsillinois.com) SPRINGFIELD — A new report by the credit rating agency Moody’s says Illinois will set a record this year when it reports a total net pension liability of more than $300 billion, the highest of any state in the nation. As of June 30, 2020, the report stated, the total unfunded liabilities of the state’s five pension systems stood at $317 billion, a 19 percent increase from the prior year. That was largely due to historically low interest rates, which have depressed pension fund earnings throughout the country. With the state’s gross domestic product, or GDP, estimated to have fallen 2.5 percent in calendar year 2020, that pension liability amounts to roughly 37 percent of the state’s total economic output, up from a range of 28-32 percent over the previous four years. When combined with other long-term liabilities, including retiree health care and bonded indebtedness, Moody’s estimates the state’s total liability ratio will amount to 48 percent of GDP for the fiscal year 2021 reporting cycle. The report says that 80 percent of the increase is attributable to falling interest rates, but weaker-than-expected investment performance also played a role. The Illinois Teachers’ Retirement System, the largest of the five pension systems, reported investment returns of just 0.52 percent during the reporting period, far below its target of 7 percent. “Illinois is an outlier among states both for fiscal challenges from pension expenses and for its limited capacity to modify the benefit packages that drive these expenses,” the report states. “The state allocates about 30 percent of its budget to retirement benefits and debt service, a ‘fixed-cost’ ratio more than three times the median for states, and its constitution gives public workers some of the most ironclad retirement benefit protections available.” The report goes on to say that the amount that the state contributes to its pension funds is actually far less than what is needed to prevent continuing growth in their unfunded liabilities. Under current law, the contribution amounts are set each year at a rate aimed at achieving a 90 percent funded ratio by 2045. The report also notes that Gov. JB Pritzker’s proposed budget for the fiscal year that begins July 1 lacks any broad plan to address the state’s pension debt. But it also gave him credit for not suggesting the state scale back on pension payments over the short term to alleviate fiscal pressure brought on by the COVID-19 pandemic. In a separate report to the state’s Commission on Government Forecasting and Accountability, or COGFA, the consulting firm Moody’s Analytics, a subsidiary of Moody’s Corp., said the state’s fiscal condition could hamper its ability to recover smoothly from the recession. “Weak public finances mean Illinois will have to make extraordinary fiscal adjustments that leave it playing catch-up in the next business cycle,” the report stated. “Population loss and troubled state finances will limit Illinois’ long-term potential.” The report says the state’s economy is expected to start recovering in earnest around midyear and the unemployment rate should be under 6 percent by the end of the year, which would be in line with the national average but higher than other Midwest states. How quickly the economy recovers will largely depend on how quickly the COVID-19 vaccines are delivered and how quickly the U.S. population as a whole achieves “herd immunity,” which is currently projected to happen by the fall. “The economy should quickly kick into an extended period of strong growth as people shed their fear of getting sick and get back to doing what they did before the pandemic,” the report stated. • Capitol News Illinois is a nonprofit, nonpartisan news service covering state government and distributed to more than 400 newspapers statewide. It is funded primarily by the Illinois Press Foundation and the Robert R. McCormick Foundation. |
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| Author: | Jaw Breaker [ Fri Mar 05, 2021 3:12 pm ] |
| Post subject: | Re: IDES really does need help |
Quote: The Illinois Teachers’ Retirement System, the largest of the five pension systems, reported investment returns of just 0.52 percent during the reporting period, far below its target of 7 percent. That's the problem in a nutshell. It's a giant Ponzi scheme. |
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| Author: | denisdman [ Fri Mar 05, 2021 3:27 pm ] |
| Post subject: | Re: IDES really does need help |
Until recently, government pensions were allowed to discount at their assumed investment rate of return. The standards have changed, and they are supposed to use a realistic discount rate. But these are the unforeseen impacts of government rate manipulation- pensions and other investment dependent entities like life insurers require a consistent return on fixed investment, which is impossible in a near zero rate environment. Also low interest rates destroy the discount rate, which explode the value of future liabilities. This is one giant economic mess. |
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| Author: | Caller Bob [ Fri Mar 05, 2021 3:29 pm ] |
| Post subject: | Re: IDES really does need help |
Evidently they hire convicted felons..sooo.... |
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| Author: | Frank Coztansa [ Fri Mar 05, 2021 3:34 pm ] |
| Post subject: | Re: IDES really does need help |
Caller Bob wrote: Evidently they hire convicted felons..sooo.... 
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| Author: | Tall Midget [ Fri Mar 05, 2021 3:43 pm ] |
| Post subject: | Re: IDES really does need help |
Frank Coztansa wrote: Furious Styles wrote: Eaglo wrote: I'm your vehicle, baby. This might be the best Eagloism ever. Well done. Yeah, that was impressive.
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| Author: | Peoria Matt [ Fri Mar 05, 2021 4:44 pm ] |
| Post subject: | Re: IDES really does need help |
Nicely done, FS. |
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| Author: | chaspoppcap [ Fri Mar 05, 2021 5:30 pm ] |
| Post subject: | Re: IDES really does need help |
Yeah,I posted it but you know as it was me all that I got was shit on so . |
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| Author: | Furious Styles [ Fri Mar 05, 2021 5:39 pm ] |
| Post subject: | Re: IDES really does need help |
chaspoppcap wrote: Yeah,I posted it but you know as it was me all that I got was shit on so . The fuck? |
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| Author: | Seacrest [ Fri Mar 05, 2021 5:43 pm ] |
| Post subject: | Re: IDES really does need help |
Caller Bob wrote: Evidently they hire convicted felons..sooo.... MANY companies are hiring convicted felons as well Bob |
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| Author: | chaspoppcap [ Fri Mar 05, 2021 5:44 pm ] |
| Post subject: | Re: IDES really does need help |
Furious Styles wrote: chaspoppcap wrote: Yeah,I posted it but you know as it was me all that I got was shit on so . The fuck? I posted the fact that IDES was hiring and my company was contracted by them to provide people. |
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| Author: | Seacrest [ Fri Mar 05, 2021 5:45 pm ] |
| Post subject: | Re: IDES really does need help |
chaspoppcap wrote: Furious Styles wrote: chaspoppcap wrote: Yeah,I posted it but you know as it was me all that I got was shit on so . The fuck? I posted the fact that IDES was hiring and my company was contracted by them to provide people. Do those jobs pay well chas? |
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| Author: | chaspoppcap [ Fri Mar 05, 2021 5:48 pm ] |
| Post subject: | Re: IDES really does need help |
Seacrest wrote: chaspoppcap wrote: Furious Styles wrote: chaspoppcap wrote: Yeah,I posted it but you know as it was me all that I got was shit on so . The fuck? I posted the fact that IDES was hiring and my company was contracted by them to provide people. Do those jobs pay well chas? We are not Direct state employees so we are not at their level. As we are Temps we do not get benefits either. I dont know what you call well, it is $12 an hour. The upside is you work from home ,so you can do a ton of tax right offs. |
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| Author: | Caller Bob [ Fri Mar 05, 2021 5:50 pm ] |
| Post subject: | Re: IDES really does need help |
Seacrest wrote: Caller Bob wrote: Evidently they hire convicted felons..sooo.... MANY companies are hiring convicted felons as well Bob Yeah, we vaccinate them first too. |
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| Author: | Seacrest [ Fri Mar 05, 2021 5:59 pm ] |
| Post subject: | Re: IDES really does need help |
Caller Bob wrote: Seacrest wrote: Caller Bob wrote: Evidently they hire convicted felons..sooo.... MANY companies are hiring convicted felons as well Bob Yeah, we vaccinate them first too. Why do you suddenly care if anyone, let alone felons, is being vaccinated against a hoax? |
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| Author: | Caller Bob [ Fri Mar 05, 2021 6:10 pm ] |
| Post subject: | Re: IDES really does need help |
Seacrest wrote: Caller Bob wrote: Seacrest wrote: Caller Bob wrote: Evidently they hire convicted felons..sooo.... MANY companies are hiring convicted felons as well Bob Yeah, we vaccinate them first too. Why do you suddenly care if anyone, let alone felons, is being vaccinated against a hoax? I never said the virus was a hoax.... |
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| Author: | Seacrest [ Fri Mar 05, 2021 6:14 pm ] |
| Post subject: | Re: IDES really does need help |
Caller Bob wrote: GREATEST..FUCKING...HOAX...OF...ALL...TIME If you say so... |
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| Author: | Furious Styles [ Fri Mar 05, 2021 6:21 pm ] |
| Post subject: | Re: IDES really does need help |
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| Author: | Caller Bob [ Fri Mar 05, 2021 6:22 pm ] |
| Post subject: | Re: IDES really does need help |
I said the response was. Since when does an anti-vaxxer care about vaccine equity? |
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| Author: | Furious Styles [ Fri Mar 05, 2021 6:25 pm ] |
| Post subject: | Re: IDES really does need help |
You definitely ran away and whined in yet another thread when I asked you for proof of a bullshit claim, you lying cocksucker. Where's the proof? |
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| Author: | Seacrest [ Fri Mar 05, 2021 6:51 pm ] |
| Post subject: | Re: IDES really does need help |
Joe Orr Road Rod wrote: Caller Bob wrote: I had to chill a bit on my COVID is a hoax stuff during this but now that he's out of the woods, I'll be back at it. You're the kind of asshole that makes CFMB go.If you say so...again Bob. |
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| Author: | Furious Styles [ Fri Mar 05, 2021 6:53 pm ] |
| Post subject: | Re: IDES really does need help |
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| Author: | Caller Bob [ Fri Mar 05, 2021 6:57 pm ] |
| Post subject: | Re: IDES really does need help |
Yeah, and the FIL in his late 60s that smoked most of his life is fine now, so my point stands. |
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| Author: | Douchebag [ Fri Mar 05, 2021 7:05 pm ] |
| Post subject: | Re: IDES really does need help |
Seacrest wrote: chaspoppcap wrote: Furious Styles wrote: chaspoppcap wrote: Yeah,I posted it but you know as it was me all that I got was shit on so . The fuck? I posted the fact that IDES was hiring and my company was contracted by them to provide people. Do those jobs pay well chas? You make 368 billion per hour |
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| Author: | SpiralStairs [ Fri Mar 05, 2021 7:07 pm ] |
| Post subject: | Re: IDES really does need help |
Caller Bob wrote: Yeah, and the FIL in his late 60s that smoked most of his life is fine now, so my point stands. Yeah but you were scared for a bit you stupid pussy.
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| Author: | Seacrest [ Fri Mar 05, 2021 7:10 pm ] |
| Post subject: | Re: IDES really does need help |
Caller Bob wrote: Yeah, and the FIL in his late 60s that smoked most of his life is fine now, so my point stands. So...COVID IS A HOAX OR NOT FINAL ANSWER |
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