Chamber@Work Newsletter July 30, 2012

Chamber@Work Newsletter

Share This:

MONDAY, JULY 30, 2012

PRESIDENT'S CORNER

Pension Reform Emerges as Chamber's Chief Issue

The State of Illinois, Cook County and City of Chicago have reached the point of recognition that the decades old policies of providing employees with generous, defined benefit pensions without properly funding them is no longer sustainable going forward.

There has been much discussion, debate and uproar over the fiscal cliff facing our state pension crisis, underfunded by some $83 billion, but it turns out the situation at the local government level is even worse.

The Chamber’s Board of Directors recognizes the need for the business community to be a leader on the issue. The Board approved a motion encouraging Governor Pat Quinn, Cook County President Toni Preckwinkle and Chicago Mayor Rahm Emanuel, as well as legislative leaders in the General Assembly, to work together to solve their respective pension system issues immediately. Click here to view the full motion.

YOUR MEMBERSHIP@WORK

Chamber Stands with President Preckwinkle on Small Business Initiatives

The Chamber stands with Cook County President Toni Preckwinkle to announce new county initiatives to make it easier for small businesses to do business with county government by removing insurance and bonding hurtles faced by small businesses.

The plan seeks to create an Owner Controlled Insurance Program (OCIP) that will allow the county to purchase various types of insurance coverage for all small business contractors alleviating the burden on small businesses to purchase the insurance contracts by themselves. The county will be able to leverage its scale to generate cost savings on insurance premiums and claims.

Affinity Partner Spotlight: Maximize your Chamber ROI with these Bottom Line Benefits

The Chicagoland Chamber of Commerce is dedicated to enhancing the value of membership with programs that provide members with discounts and special offers on products and services that allows them to reduce their costs and grow their bottom line.

The Chamber is driven to develop affinity programs that members want – not just the latest deal from a vendor wanting to reach our membership. We regularly review unique opportunities to enhance Chamber membership and have determined which projects are of value to members.

City CFO Lois Scott Lays Out Road Map for Success at Chamber Board Meeting

In a room full of some of Chicago’s most esteemed business leaders, City of Chicago CFO Lois Scott implored the Chicagoland Chamber of Commerce Board of Directors to unite in addressing Chicago’s pension reform issue.

“Leaders need to take a look at tough issues like this and say ‘we can’t ignore this anymore',” Scott said. “This is too important.”

The City of Chicago has developed a road map for tackling a pension reform issue that has grown increasingly critical over the past few months.

Welcome New Members of the Chicagoland Chamber of Commerce!


• The Wright Institute • Leading Authorities • Planet Fitness • Webb Flannery	• Silver Professionals • Legacy Complete • Vanguard Hospital • Legacy Advisors	• Amata • Hoopis Financial • Carextend • Roberts Mcgivney Zagotta