Study: most Illinois Arts workers have inadequate retirement resources.
A new study by the Illinois Illinois, river, United States
Illinois, river, 273 mi (439 km) long, formed by the confluence of the Des Plaines and Kankakee rivers, NE Ill., and flowing SW to the Mississippi at Grafton, Ill. It is an important commercial and recreational waterway. Arts Alliance Foundation raises troubling questions about the adequacy of arts workers' retirement benefits.
"Fewer than half of full-time arts organization employees have access to a retirement fund," the IAAF IAAF
International Amateur Athletic Federation said in a press release. "Of those, only 22 percent of organizations contribute to their employees' retirement plans."
Put another way, only 10 percent of Illinois arts leaders receive employer retirement contributions to their retirement savings, IAFF IAFF International Association of Fire Fighters
IAFF Irish Amateur Fencing Federation
IAFF Indo-American Friendship Foundation
IAFF International Animated Film Festival
IAFF International Amputee Football Federation
IAFF Impairment-Aware First-Fit stated in the release.
IAAF, a statewide nonprofit A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive.
Nonprofits are also called not-for-profit corporations. Nonprofit corporations are created according to state law. arts and advocacy group, commissioned the study, funded by the Chicago Community Trust. Diane Grams, associate director of the Cultural Policy Center at the University of Chicago, conducted the study.
"This research is very important for the arts in Illinois," Grams said in a written statement. "It is also relevant nationally and can be applied to other nonprofit fields."
The study focused on executive directors at arts organizations in Illinois.
Lisa May Simpson, program director at IAAE IAAE International Association of Agricultural Economists
IAAE International Association of Airport Executives
IAAE International Association of Agricultural Economics (UK)
IAAE Iowa Association of Alternative Education said the study examined responses from 153 arts organizations. It was a representative sample of arts organizations in Illinois, she said.
The latest report resulted from a 2002 IAAF study that showed 70 percent of arts leaders plan to leave their posts within the next five years.
Alene Valkanas, executive director of IAAE stated: "Benefits like retirement plans are what makes it possible for talented leaders to stay in the field. When we don't care
"Don't Care" is a 1994 (see 1994 in music) single by American death metal band Obituary. for our leaders, those leaders are often forced to leave the nonprofit arts entirely. This is a leadership succession issue as much as it is a financial issue."