Wednesday, May 10, 2006

Pension Problems

This has popped up in a few comments sections, so we did a little searching and came up with this article from Crain's Chicago Business:
  • The Daley administration is sounding an unusual public alarm about the declining finances of the city's massive employee pension plans.

    In a high-profile speech and subsequent interview that were far stronger than any earlier remarks by city officials, Chief Financial Officer Dana Levenson laid out stark new numbers and projected that pension systems covering police, firefighters, office workers and others will have to begin liquidating assets within a decade and may even face insolvency as soon as 2028 unless something changes.

    "We need collective recognition by all the stakeholders . . . that this situation, without doubt, is a problem," Mr. Levenson told an audience at the City Club of Chicago last week. One example he offered: The $3.9-billion police fund needs to make an 11% return on its investments to break even, but last year netted just 7.3%.
Things that make you go "Hmmm." As we understand State Law (currently written), the City is obligated to pay pensions, which means that they will eventually have to raise taxes to cover any shortfalls. But could this be the beginning of the end of pension plans for public employees? Might we all be moving to private IRA's or similar plans? What effect is this going to have on young guys and gals who can't afford homes in the nicer parts of town AND now might have to fund their own retirements? Numerous questions spring to mind - and the answers aren't as numerous.

98 Comments:

Anonymous Anonymous said...

Win, Place, & Show!! BITCH!!!!

5/10/2006 08:07:00 AM  
Anonymous Anonymous said...

then dont give our bullshit duty disability pensions to people like bazookas !!!

5/10/2006 08:15:00 AM  
Anonymous Anonymous said...

The pension system keeps employees locked into the employer for 20 yrs by age 50 to recieve the benefit. If the City put us into a 401K type plan in which you are fully vested after 5 yrs what would happen to the turn over rate of employees? Would those who haven't gotten ahead say fuck it after 10 yrs, and start a new career? How much would the City lose in training costs?

5/10/2006 08:37:00 AM  
Anonymous Anonymous said...

So how much does the city pay into our pension funds anyway? I pay 250 bucks a check, how much does the city contribute a check?

5/10/2006 08:43:00 AM  
Anonymous Anonymous said...

The city has never (NEVER) fully funded their share. They have historically been woefully short on their end.

Attention ATTENTION young men, RED FLAGS should be going off in your brains by now.

You can never let your guard down with the city, they will screw you every time!

5/10/2006 08:53:00 AM  
Anonymous Anonymous said...

OUR PENSION FUND IS FUNDED AT 56%. AN HEALTHY PENSION FUND IS CONSIDERED ONLY SOLVENT WHEN FUNDED AT 90-100%.THE PENSION FUND HAD $6 BILLION ABOUT 3-4 YEARS AGO.WHAT HAPPENED TO IT???

5/10/2006 09:13:00 AM  
Anonymous Anonymous said...

Over a seven percent return? Heck, during the tenure of Daley the father the fund earned one to one-and-one-half percent. The money was deposited it connected thrifts that made billions and left the police with nothing. Do you see a pattern here? Wake-up Mt. Greenwood! Wake-up Edison Park! Dump daley!

5/10/2006 09:18:00 AM  
Anonymous Anonymous said...

I WOULD BE HAPPY TO PAY 2% MORE INTO THE PENSION IF THE CITY WOULD CONTINUE BENEFITS AFTER RETIREMENT.

5/10/2006 09:23:00 AM  
Anonymous Anonymous said...

POLITICIANS ARE A BUNCH OF THIEVING,SCHEMING BASTARDS..THEY COULD NOT AGREE ON THE COLOR OF SHIT!

5/10/2006 09:30:00 AM  
Anonymous Anonymous said...

Wake up! is the right words, you can no longer wait and see, there has to be some sort of action taken NOW! Remember this is YOUR future, YOUR payoff for years of service. Everything is not alright! Quietly for years rumors has turn to fact about City employees Pensions, will you get to retirement age and there will be little bit or nothing avaiable for YOU and YOUR families

5/10/2006 09:41:00 AM  
Anonymous Anonymous said...

Whats goin on with the pension situation...didnt a new guy just get elected to the pension fund..I think his name is Robbins...what is he doing to help this situation.Any word from him as I recall that he stated that the fund would be better off if he were elected to pension board...

5/10/2006 09:41:00 AM  
Anonymous Anonymous said...

"available" sorry 'bout that

5/10/2006 09:43:00 AM  
Blogger JANS, Kevin C. said...

You pay 9% out of your pay check each 1st and 16th. The city pays twice that amount of what you pay (so 18%), but they get to wait two years to pay that. So we lose two years of intrest or profit in our fund because of that wait.

5/10/2006 09:59:00 AM  
Anonymous Anonymous said...

Anonymous said...
leomemorial said...


I met with Sgt. Murphy when he was apparently in charge of the Foundation. Because I was willing to volunteer just a few hours a week . . . He jacked me around, and I finally told him, to remove me name from the volunteer list.

The Foundation IS designed to support the families of the fallen!! I don't care if it was 100 years ago that we lost someone. There is much you don't know about what one of the families tried to do, without no help. No support. They recalled stuff and it was almost like it happened yesterday, to hear it. It's also for the disabled and for YOU who currently serve. . .

They rake in a lot of money from businesses and need to put it to use!! .


5/08/2006 09:48:22 AM

Once again this broad is trying to make herself look like she's a friend of the police. Looks to me more like she's trying to get her hands on money and donations made for the CPD Memorial Wall and is trying to get next to the Gold Star Families . . . she even makes it sound like she is their representative because all of the rest of us have let them down. . .

Who is she to tell us what we are or are not doing. . . She's just another police wannabe who can't or couldn't pass the psych exam and now wants to infiltrate ligitimate police organizations by making it sound like she is one of us. ..

Notice how many times she uses words like WE, US, OUR, etc.

Don't be suckered . . .

5/10/2006 09:47:18 AM

5/10/2006 10:15:00 AM  
Anonymous Anonymous said...

This pension problem is just like the A/2 female detectives, UGLY.

5/10/2006 10:23:00 AM  
Anonymous Anonymous said...

Whose fuckin' idiot FOP president said it was OK that the city not pay the $25 million they owed in exchange for the contract????

5/10/2006 10:27:00 AM  
Anonymous Anonymous said...

and on behalf of the PO's, sgts, LT's AND captains too!!!

5/10/2006 10:28:00 AM  
Anonymous Anonymous said...

Rumor is that the old timers will remain in the current pension fund but new hires in the future will be put into a 401K..............

5/10/2006 10:29:00 AM  
Anonymous Anonymous said...

I thought the pension system was supposed to be the "sacred cow", the untouchable piece of money in the world. What happened?

5/10/2006 10:38:00 AM  
Anonymous Anonymous said...

Reagon years ago messed with the airline pension and got away with it and now its open season on all other pension plans. No loyalty to the workers anymore. We are basically voting for these politicians to be put in office so they could turn around and jam us. They say one thing and do another. All politicians suck. Its as if they get a brain transplant of some evil doer as soon as they get elected. I'm moving to New Zealand as soon as I retire in a couple years. You deal with this fiasco. I can't anymore. The whole idea sickens me.

5/10/2006 10:45:00 AM  
Anonymous Anonymous said...

REVOLT, REVOLT, REVOLT. WE GOT TO STAND UP ON THIS ISSUE NOW. THE PENSION IS OUR RETIREMENT. DO NOT BE STUPID. WE HAVE TO BE ORGANIZED. MARCH ON CITY HALL. WE ARE 13,000 STRONG. WE HAVE TO BE STRONG. GROW YOUR HAIR LONG AND DO NOT BATHE. MARCH ON THE ONES THAT ARE CAUSING THE INJUSTICE. WE CAN NOT LET THIS HAPPEN TO OUR PENSION. THE TIME IS NOW.

5/10/2006 10:52:00 AM  
Anonymous 025 copper... said...

glad I have time on fuck these new jacks coming on!!!!!

5/10/2006 10:57:00 AM  
Anonymous Anonymous said...

Sergeant List out today. 60 people on it. Class starts Monday 15 at Academy.

5/10/2006 11:00:00 AM  
Anonymous Anonymous said...

Anyone watch that Stapleton video? That po is the biggest, worthless, bitch of a copper that had never made an arrest in his life. He would make excuses and never go in projects! Hey IAD give him 30 for staging video on taxpayers dime.....

5/10/2006 11:04:00 AM  
Anonymous Anonymous said...

I thought the pension system was supposed to be the "sacred cow", the untouchable piece of money in the world. What happened?

5/10/2006 10:38:11 AM


Good question. Does anyone remember when Miriam Santos ( who probably would have ended up beating Daley one day ) publicly busted Daley playing games with our penison? I think he was borrowing against it, or from it, I don't recall exactly. What I do recall is Daley publicly stating that she would be sorry for outing him, and a few years later she was indicted on some bullshit and the threat was nicely removed from Daley.

The City that works...

The cover ups and scams are well into the Federal system too, so all of you salivating at the thought of Daley going down, it ain't gonna happen. The man is more powerful than the President!

5/10/2006 11:10:00 AM  
Anonymous Anonymous said...

Any names yet on the sergeants list? Please post. I know it is out, but want to see the names of all new meat.

5/10/2006 11:11:00 AM  
Anonymous Anonymous said...

DRAFT DAY TODAY. SERGEANT LIST IS OUT. TOTAL OF 60 PEOPLE.

5/10/2006 11:12:00 AM  
Anonymous Anonymous said...

5/10/2006 11:04:48 AM

How about they give you 30 for defamation? What kind of a small-cocked loser are you to have to come here and post that. Man up and tell him face to face.

5/10/2006 11:12:00 AM  
Anonymous Anonymous said...

Ok where is Stapleton? I bet I will find him NOWHERE near projects.

5/10/2006 11:23:00 AM  
Anonymous Anonymous said...

Anonymous said...
5/10/2006 11:04:48 AM

How about they give you 30 for defamation? What kind of a small-cocked loser are you to have to come here and post that. Man up and tell him face to face.

5/10/2006 11:12:58 AM

I hope to God that this post is a joke, you cocksmoker!

5/10/2006 11:35:00 AM  
Anonymous Anonymous said...

republicans are the ones who have always wanted to destroy our pension plans

5/10/2006 11:51:00 AM  
Anonymous Anonymous said...

what's the sccop about the F/2 tossed out the 7th floor of 5135 S Federal? Heard she was bonded out of 002, wondered over to the project building, gang raped, tossed and strangled. Any 411 ?

5/10/2006 12:06:00 PM  
Anonymous Anonymous said...

Thank God for the community citizens on the north side today! Yes northsiders, your neighborhood is safe once again because of the diligent actions of CIVILIANS taking action on the apprehension of the rapist this morning. CIVILIANS apprehended the rapist after he crashed a car. Then the civilians handed the offender to police. The rapist then ESCAPED from the NORTHSIDE POLICE. It was up to the CIVILIANS again to capture the rapist, which AGAIN, it was CIVILIANS that captured the rapist. The NORTHSIDE POLICE better not take credit for this one. IT WAS ALL CIVILIAN ACTION. Da, where is the cat stranded in da tree? Da, is it on the second limb of the tree on the manicured lawn? Da, okay we can get it, dere is no crime here on nort side so we can get the cat out of tree.

5/10/2006 12:16:00 PM  
Anonymous Anonymous said...

You guys are brutal. Laughing so hard, farting and pissing in my pants at the same time. Oh my, tears are in my eyes, laughing so hard. The north side is different. SCC is top entertainment, five star fun.

5/10/2006 12:21:00 PM  
Anonymous waynebo said...

I think we'd better let "THE TWO H's" (Hallinan & Harej) back in the "Union" as it seems they were being more forthright with us than the ShittyWide "Junket Junkie" Golf Pros reigning imperiously in our Washington St. FLOPhouse. Forgiving DIRTY DALEY a $23 MILLION DOLLAR Debt to OUR PENSION FUND sounds treasonous- an "impeachable offense" what with the sad state of funding now revealed for all to see. I wonder what nice swag they've lined up for themselves in the coming years on our backs? As always, ABSOLUTE POWER CORRUPTS ABSOLUTELY

5/10/2006 12:22:00 PM  
Anonymous Anonymous said...

LMAO, too!!!!!!

5/10/2006 12:23:00 PM  
Anonymous Anonymous said...

Police, Police the rapist is running on the lawn. Huh? Rapist? What? Rapist? nevermind.....we got em northside police........LMAO

5/10/2006 12:25:00 PM  
Anonymous Anonymous said...

Go to a pension board meeting. Look all those trustees right in the eye as make decisions regarding your pension. They are the ones that are making the decisions. Marching at City Hall is a waste of time. All City Hall will tell you is, the pension board of directors is making the decisions regarding the Police Pension Fund.

Call the pension board and ASK for YOUR representative. Don’t talk to a staff member. Why do you think we have two elected trustees whose main purpose is to be at the pension board office Mon.-Fri.? To represent you, and answer any questions you may have.

It’s happening now, don’t wait 5, 10 or 15 years. Get up there and get involved!

5/10/2006 12:30:00 PM  
Anonymous Anonymous said...

Maybe when Daley goes to prison he can make license plate at .08 cents an hour and donate his earnings to our pension fund...

5/10/2006 01:15:00 PM  
Anonymous Anonymous said...

Kills me, just kills me when all of a sudden the CITY wants us to SWIPE in. The only SWIPING that is really going on is the SWIPING OF OUR PENSION.

5/10/2006 01:19:00 PM  
Anonymous Anonymous said...

Forget the pension plan.....become a politician and steal everything you can from under the taxpayers....I was swimming in Lake Michigan.....you can't believe how may City computers and hard drives are on the bottom...

5/10/2006 01:20:00 PM  
Anonymous Floyd the Barber said...

ohhhhh thats good, ohhhh thats real good. I'll have to agree with you on the swiping issue, Andy.

5/10/2006 01:21:00 PM  
Anonymous Anonymous said...

Death, Taxes, and NO PENSION FROM THE CITY OF CHICAGO.

5/10/2006 01:24:00 PM  
Anonymous Anonymous said...

Lick me....oh yea....right there.

5/10/2006 01:26:00 PM  
Anonymous Anonymous said...

They should be embarrassed letting for letting a rapist escape then having citizens have to catch the guy

5/10/2006 01:34:00 PM  
Anonymous Anonymous said...

This is what burns me, not only do I gotta deal with the sh@*t from citizens on how the police are "terrible" and that we are only racist...profiling jags, but now I gotta worry about not even having $$$ when I retire so I can live not a Great life, but an a nice comfortable one. What the F$*k!!!!!!!! I mean seriously, why the hell am I putting money into a pension fund that is'nt gonna be there when I retire and HOW THE F%#*K ARE THEY GETTING AWAY WITH THIS! I think it's time to really start looking at the big picture my friends....the city is'nt behind us, the citizens are'nt behind us so who left? Ourselves thats who! People gotta start showing some balls and I'm not talking about boycotting St. Judes, cause the ass that started that is just that, an ass! Seems everyone is living the good life except the people that are actually getting hit by shit everyday!......and I'm not talking about you housemouses either! People gotta start going to these FOP meetings and questioning what the HELL ARE THEY DOIN FOR US! Fuck that residency rule crap, I wanna make sure I at least have a dam pension cause I really dont feel like working at Jewel or Walmart bagging dam groceries at 55yrs old. They represent us! And if we are'nt happy then they have to DO WHAT IT TAKES to make it that way! Sorry to blame Daley for alot of the crap thats been going on but, I' sick of getting shit on by people. They either start addressing the issues or they get booted out its that simple! Don't wanna hear " listen kid thats how the city works" "or get used to kid" BULLSHIT! This is our lives, livelyhood, our job and our $$$ that they are playing around with! Sorry for the long rant but I just had to get it out.

5/10/2006 01:40:00 PM  
Anonymous Anonymous said...

We need a scaprgoat....we need someone to go to jail...oh yeah....someone will be.....adios Mayor Daley !!

5/10/2006 01:44:00 PM  
Anonymous Anonymous said...

Daley will never go to jail as long as the northside can vote...long live the northside !!

5/10/2006 01:45:00 PM  
Anonymous Anonymous said...

Im a north sider and believe we are being wrongly accused....I have been asp trained....its amaing how far you can shove that up your own ass....work it !!!!

5/10/2006 01:47:00 PM  
Anonymous Anonymous said...

to 1:26:04

Grow up! Save your stupidity for the open post! Lets be serious for a change.

5/10/2006 01:48:00 PM  
Anonymous Anonymous said...

The SOUTHSIDE will overcome !!!!! Jail to the political theives !!

5/10/2006 01:48:00 PM  
Anonymous Anonymous said...

You too 1:47!

5/10/2006 01:49:00 PM  
Anonymous Anonymous said...

I'll be serious the day police officers realize that they have enough votes with their families and friends to rid the city of this garbage running city hall !!

5/10/2006 01:50:00 PM  
Anonymous Anonymous said...

What beat is our pension fund in...who is responsible....

5/10/2006 01:52:00 PM  
Anonymous Anonymous said...

Why isnt the whole department outraged of this occurring? The only time I hear anything from the fop is voting time and my letter in the mail. Unit reps need to start passing this info around cause they are just banking on us being jsut plain ol stupid police. Gotta start making some changes now for the P.O.'s nown the one's coming in and teh ones getting ready to retire.

5/10/2006 01:57:00 PM  
Anonymous Anonymous said...

sorry, typing to fast, bad spelling

5/10/2006 01:58:00 PM  
Anonymous Anonymous said...

City appointed pension board that has FOP memebers overseeing it, thats who's reponsible for it.

5/10/2006 02:00:00 PM  
Anonymous Anonymous said...

F*ck with my pension, OHHHHH RAMBO.

5/10/2006 02:00:00 PM  
Anonymous Anonymous said...

nice, real nice. Unreal

5/10/2006 02:04:00 PM  
Anonymous Anonymous said...

think it can't happen....look at the airlines......look at people who got stiffed by eon.....look around.....we the workers are overlooked as pieces of corn. THE BIG CHICKEN WILL PECK YOUR PECKER OFF.....and you will bleed to death......without a pension. Sad, but true. COMMUNISISM in our own country.

5/10/2006 02:04:00 PM  
Anonymous Anonymous said...

I HOPE NO ONE IS COUNTING ON SOCIAL SECURITY AFTER YOU RETIRE, IF YOU HAVE SOME COMING. THE TIME IS NOW, DON'T LET THESE HACKS TOUCH THE PENSION. THAT'S ALL THAT'S LEFT FROM THIS JOB AFTER YOU RETIRE. HEADS SHOULD BE ROLLING!!!

5/10/2006 02:10:00 PM  
Anonymous Anonymous said...

LOVABLE GEEKS. YOU SILLY GEEKS. GETTING ALL BENT OUT OF SHAPE ON SOME B.S. ON THE COMPUTER. LOL. PATHETIC GEEKS. WHAAAAA,WHAAAAA,MY PENSION,WHAAAAAA,WHAAAAAA,GEEKS,THE WHOLE LOT OF YOU. WASTE YOUR TIME MORE GEEKS BY FURTHER COMMENTS. GEEKS,PATHETIC GEEKS. WHAAAAA,WHAAAA,WHAAAAA,MOMMMMMY,THE COMPUTER SAYS THIS,MMMMMOOOOOOOMMMMMMYYYYYYY,THE COMPUTER SAYS THEY ARE GOING TO TAKE MY PENSION AWAY I GOT 29 MORE YEARS TO GO. WHAAAAAA.SILLY GEEKS.LMAO DAILY BECAUSE YOU GEEKS ARE DUMBASS GOOFS.

5/10/2006 02:10:00 PM  
Anonymous Anonymous said...

02:04

DID YOU MEAN ENRON?

5/10/2006 02:14:00 PM  
Anonymous Anonymous said...

Val%$fie&%? is that you? Go back to working cable you goof

5/10/2006 02:18:00 PM  
Anonymous Anonymous said...

and you 2:10 are an assbag

5/10/2006 02:23:00 PM  
Anonymous Anonymous said...

Retired here. I'm getting mine - you get yours. I received all that I have ever paid in and now I'm on the City's dime. Feels good. You all deserve it too.

5/10/2006 02:56:00 PM  
Anonymous Anonymous said...

2:23 AND YOU ARE A BIGGER IF NOT THE BIGGEST ASSBAG. GEEK, WHAT YOU GONNA DO ABOUT IT? PUNCH ME THROUGH THE COMPUTER SCREEN? GEEK, SILLY GEEK. SO SILLY. WHAAAAA,WHAAAAA,WHAAAAAAAA, OFFENDED? LOL. THERE IS ALREADY A GROUP OF GUYS CALLED LSWTSCCG. LETS SEE HOW SMART YOU REALLY ARE GEEK. EVER HEAR OF THE DA VINCI CODE? LSWTSCCG IS A CODE. CAN YOU .FIGURE IT OUT GEEK. COME ON, COME ON, PUT UP YOUR DUKES GEEK. LOL. PATHETIC SILLY GEEKS.

5/10/2006 03:03:00 PM  
Anonymous Anonymous said...

to 2:04:22 are you talking about your ta-ta's? LOL,LOL,LOL

5/10/2006 03:14:00 PM  
Anonymous Anonymous said...

You guys are morons. My 3 year old has got more sense then you morons.

5/10/2006 03:49:00 PM  
Anonymous Blog critic said...

This blog has degenerated into a chat room where cowards hide under the anonymous label and take cheap nasty shots at fellow officers.

Chris Hitney had her picture taken at the Midway plane crash and she had to suffer big time personal insults around here. I don’t mind the fun with the Photoshop pictures. But the hurtful personal jabs, was just not right.

Now we have Jack Stapleton getting trashed because he wants to compete on Survivor. He made an entry tape that demonstrated he could compete with the best of them.

I think a lot of cops would love to watch the show and cheer for Stapleton. He had the balls to at least try out. We should surround him with support so the department does not find some similar petty reason to suspend or fire any of us.

I saw that tape before they yanked it and it was well done. Had it had damaged the department or his fellow officers that might be different.

I don’t care whom the copper is on this department someone will call him or her worthless at some point.

If you’re going to make a hurtful insult at least have the ball to use your own name and unit of assignment.

5/10/2006 03:54:00 PM  
Anonymous Anonymous said...

I agree! Thanks for posting that, Jack!

5/10/2006 04:00:00 PM  
Anonymous Anonymous said...

5/10/2006 09:41:44

one of the pension fund trustees got his ass in a sling gave Donahue names of pension fund managers so FOP could "solicit" personally to put the "palm up" for contibutions for the state convention to be held in chicago in july 2006 seems they had to give a lot of money back after the letter made the rounds what a bunch of goofs... one of the sgt's currently on the board just loves state and national conventions free drinks for everyone !!!!

5/10/2006 04:07:00 PM  
Anonymous Anonymous said...

On the other hand you see other police officers, including bosses, showered with praise on this degenerate blog. So I guess the lesson to be learned is that if you're an an idiot doing something stupid don't tell shout it out on the world wide web. It's called discretion-as exercised by the aforementioned good bosses and men. But then again they're idiots. What do they know about discretion? And who are you? The No Name Steak guy?

5/10/2006 04:29:00 PM  
Anonymous you were already warned now what said...

The last I heard the State pension fund was also in trouble. It's all entwined one way or another. Funds are via of law a priorty and are suppose to come before new, I have a grand idea programs Pols love. Even Blagout was reprimanded by words on the issue of state funds shortage. Firemans fund is worse off than police their the lowest but it's all tied in.

This issue has been addressed before on the SCC blog. What each and everyone of you need to understand fully. It's up to all of you to raise cane. Unit reps. were used as a ploy about three yrs. ago over allowing the city to be forgiven millions which were owed into the fund. Unit reps have and I repeat HAVE NO REAL VOTE WITHIN THE FOP BOARD! You further need to know a strong rep. can be undermined by the lodge. What FOP will tell you and has told you. Your reps voted for this forgivness, again understand the vote held no weight and reps were used to push the heat away from Donahue and some of the executive board members. The decision of forgiving the city millions was an already done deal. Anyone, who was at either of the meetings when the vote took place and the second meeting where the lodge was reamed for their conduct and saw through the BS can attest to this. The city toss's alot of money towards new programs to garner votes when this money should be used to bring your funds up. Check out prior post on watchdog org over this subject. City was instructed to bring funds up prior to new upstart programs. Their time in office counts to them. The city does not care about your future livelihood. So what are you all going to do about it? If you doubt the vote issue check the Lodge's constitution and bylaws.

5/10/2006 04:50:00 PM  
Anonymous Anonymous said...

I think I agree with you. Inelequent but focused. Do you speak as you write? Did you just get here from Poland?

5/10/2006 07:03:00 PM  
Anonymous Anonymous said...

Possible scenario as related to me by an ADS: (I paraphrase the following)

Our pensions are in deep trouble. The funding of it is under 60%. If the city were to have a MAJOR catastrophe and the city coffers were to get used up. The next source of funds are the pension funds of City workers.

5/10/2006 08:57:00 PM  
Anonymous Anonymous said...

They also gave Mrs 1st Deputy John Thomas the line of duty death pension because her overweight under excercising husband had a heart attack in their home

5/10/2006 09:16:00 PM  
Anonymous Anonymous said...

Hey blog critic? Go blow. Hitney didn't have her picture taken. It was her damn camera in the first place. She posed for the picture and then e-mailed it everywhere. Her husband has a bad habit of taking all sort of photos and keeping an album. She deserved every little thing tossed her way.

5/10/2006 09:16:00 PM  
Anonymous Anonymous said...

Things that make you go "Hmmm." As we understand State Law (currently written), the City is obligated to pay pensions, which means that they will eventually have to raise taxes to cover any shortfalls.

-------------------

Why should the tax payers (UAL, IBM, Enron, et al employees that lost THEIR pensions) pay out of their pockets to fund OUR pensions?

They won't.

Better question: Where is the money that is LEGALLY obligated to be funding our pensions??????

Theft?

Patrick Fitzgerld, do you REALLY want Daley......??

5/10/2006 09:31:00 PM  
Anonymous Anonymous said...

Anonymous said...
So how much does the city pay into our pension funds anyway? I pay 250 bucks a check, how much does the city contribute a check?

5/10/2006 08:43:09 AM

---------------

The "city" don't pay shit. The taxpayers do. The city is supposed to, per IL statute, divert TAX MONEY to our pension fund. The fund managers then make sure the retirees get their checks.

5/10/2006 09:35:00 PM  
Anonymous Anonymous said...

Anonymous said...
Possible scenario as related to me by an ADS: (I paraphrase the following)

Our pensions are in deep trouble. The funding of it is under 60%. If the city were to have a MAJOR catastrophe and the city coffers were to get used up. The next source of funds are the pension funds of City workers.

5/10/2006 08:57:16 PM

---------------

Like what? Hired Trucks? Millenium Park? The Big Bean? The 2016 Olympics?

5/10/2006 09:45:00 PM  
Anonymous Anonymous said...

they are letting the public pension system crash just like the private pensions and social security and when it becomes evident to all a solution will be offered. this solution will further let the government off the hook by reducing benifits, increasing contributions and pushing eligability ages higher.
the govt. has never funded soc. sec. putting the $ in the general fund instead. anyone with basic math skills could see that this was unsustainable. the easy solution will be to combine soc. sec., welfare, garonteed private pensions and all the pensions that the local, state and fed. govt. promised and present the retiree with a sort of federal link card.
the future sucks.

5/10/2006 09:56:00 PM  
Anonymous WAYNEBLOW said...

Must be election time coming for the FOP. All the blowhards are coming out.

5/10/2006 10:11:00 PM  
Anonymous Anonymous said...

Get those damn Gold Star Exempts out of that Gold Braid Bill. They are sucking away tons of our pension money while putting very little in. Fuck Them in the Ass. This Dept. has more useless Gold Stars now than it ever had. Chiefs. Deputy Chiefs, Assistant Deputy Chiefs, Area Commanders.

Lets go back to the old system;
Captain runs the District;
Lieutenant runs the watch.

That puts us at 25 Captains and 75 Lieutenants, ok 150 lt's. Thats plenty of bosses to boss us around. Let those Motherfu--ers work for a living and get rid of all those useless extra high paying bosses and their cars and huge office staffs.

Lets start triming the fat away, that goes for you too phil. One of your uniforms could cover an awning at 35th st.

The sergeant has always been the backbone of any department, or at least they are suppose to be.

I need more koolaide!

5/10/2006 10:55:00 PM  
Anonymous Anonymous said...

Wayneblow used word blowhard,

Blowhard = Somebody who boasts but is considered ineffectual.
Frustration, dissatisfaction in above posts. Does not translate into blowhard.

Which applies to you?
1. You do not share in pension problem, not employed by city.
2. You have your pension and alot of money?
3. Your were involved and tried to alert, now frustrated?
4. You are cruel by nature?
5. All of the above?
We already know you took the time for a snide opinion.

5/11/2006 12:37:00 AM  
Anonymous Anonymous said...

703

Have you ever heard the term Nice Nasty? You need work on your cynicism delivery.

5/11/2006 12:47:00 AM  
Anonymous Anonymous said...

The pension shortfall is something we should ALL take very seriously.For most of us it will be our only source of income in our so-called "golden" years.It's already a given that soc.security will be insolvent before many of us retire along with medicaid.Another issue we need to be concerned about is the medical benefits being taken away for all city retirees who leave service after 2014.For those of us on the P.D.,this will be our most valuable benefit that none of us can afford to lose.Over two thirds of P.O.'s work 6 day workweeks and shifts other than days.Twenty or more years of working under these conditions will take a toll on your health.Many of us will retire with heart problems,high blood pressure,and diabetes.Retirement is the time when you will truly NEED medical insurance.While fighting for our pensions,let's not let the city pull the rug from under us on this issue.IT"S TRULY A LIFE OR DEATH SITUATION!

5/11/2006 04:11:00 AM  
Anonymous Da mayor has a new idea, not for pension tho said...

If the officer's do not work on the Pension and Benefits issue across the board, the problem will continue to spiral more than likly. Their future Golden years are going down the drain.

P.S. Da Mayor brought back an idea from Jordan/Israel. Schools for Science and Math. We already know he's planning on building new schools, what was the figure 70-100? Or am I way over the top.

5/11/2006 04:52:00 AM  
Anonymous Anonymous said...

Face it. Chicago sucks. If you don't have a retirement plan on your own you are an idiot. Deferred comp is fine, but if you only have that you are lazy. Suck it up people. We all make enough to save 10K a year. Forget the bling and the big screen you never are home to watch. Save, save save. Oh, and have a plan to get the F*** out of the city as soon as you can!

5/11/2006 05:01:00 AM  
Anonymous Anonymous said...

Anonymous said...
Face it. Chicago sucks. If you don't have a retirement plan on your own you are an idiot. Deferred comp is fine, but if you only have that you are lazy. Suck it up people. We all make enough to save 10K a year. Forget the bling and the big screen you never are home to watch. Save, save save. Oh, and have a plan to get the F*** out of the city as soon as you can!

5/11/2006 05:01:36 AM

-------------

Ya! forget owning a home in a good neighborhood! For get having a car! Forget sending your kids to a good school! Forget it all!!

5/11/2006 07:38:00 AM  
Anonymous Anonymous said...

Face it. Chicago sucks. If you don't have a retirement plan on your own you are an idiot. Deferred comp is fine, but if you only have that you are lazy. Suck it up people. We all make enough to save 10K a year. Forget the bling and the big screen you never are home to watch. Save, save save. Oh, and have a plan to get the F*** out of the city as soon as you can!

5/11/2006 05:01:36 AM

Obviously this dreamer isn't a parent yet!

5/11/2006 08:45:00 AM  
Anonymous Anonymous said...

Is that exempt speak on the 10K?

5/11/2006 02:18:00 PM  
Anonymous Anonymous said...

Year 2016:
"You have reached the City of Chicago, Reverend Mayor Jesse Jackson Jr., Mayor. If you are calling about what the City can give to you, and have a Link Card, are on Public Aid, Press #1."


"If you are in need of Police or Fire Service and live on the Northwest or Southwest sides of the City, Press #2 for a list of suburban Police and Fire Depts. to call for service."

"If you are calling about a late or missing Police or Fire Dept. pesion check, Hang up, NOW!"

5/11/2006 08:28:00 PM  
Anonymous Anonymous said...

Sorry, "pension" for the spelling police...

5/11/2006 08:31:00 PM  
Anonymous Anonymous said...

and they know when you are 55/60 y.o.a. you will lack the will to march on city hall/springfield/washinton w/ your loud talker.
they are betting you will just bow your head and take it.

5/11/2006 11:33:00 PM  
Anonymous Anonymous said...

Around that age one might be getting ready to retire. Sounds like a great way to give them one last kick before you go out the door.

5/12/2006 09:52:00 AM  
Anonymous the dickster said...

Time for a new mayor!!!Time for a copper to run for office. 20 years on the job, city born and raised. Enough of this sh#! Ready to run against Richie. Vote for me!!!!

5/12/2006 07:54:00 PM  
Anonymous Anonymous said...

Dickster for mayor.
Signed: a legit citizen

5/12/2006 08:49:00 PM  

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