More Bad Pension News
- In ominous news for taxpayers, the fiscal difficulty continues to worsen at pension funds that cover Chicago and other government workers in the metropolitan area.
The area’s 10 big government pension funds now face $18.7 billion in unfunded liabilities, according to a report released Monday morning by the Civic Federation, a watchdog group. The deficit is more than five times the figure of just a decade ago, and about six times the size of the city’s annual operating budget.
Taxpayers ultimately are on line for the $18.7 billion unless benefits and other costs are cut and/or new revenues are found.
No wonder these assholes want to ban all guns. Once everyone figures out how much taxes are going to go up to pay for these shortfalls.... well, we'll let your imagination take hold. We know which side we'll be rooting for.
Someone really ought to look into taking all the money Daley steals when he sells City assets (Midway, parking garages, Skyway) and dumping it into pensions.
Someone really ought to look into taking all the money Daley steals when he sells City assets (Midway, parking garages, Skyway) and dumping it into pensions.
Labels: pension
posted by SCC at 12:05 AM
125 Comments:
doesn't 18 BILLION seem alittle high? How many people work for the local G anyway??
Couple suggestions:
1.) if you are a Sgt you get Sgt pension--NOT DEPUTY CHIEF pension.
2.) Daley's nephews and cousins and buddies should stop doing land speculations with our pension.
I couldn't help notice all the planters on Cicero Ave next to all the giant Potholes of the delapidated street around I-55. More money well spent.
Just so everyone remembers:
Mayor's nephew cashing in
investigative report | Bob Vanecko wants to revive Chicago's struggling neighborhoods with $68 million in city-linked pension funds. He has his eye on areas near his uncle's proposed Olympic stadium.
Hey J fed;
Look how one of your police sgts. is earning extra income on e bay. Need a new star anyone?
360017672927 ebay item number
OFF TOPIC:
POSSIBLE OFFICER SAFETY ALERT.
DATELINE:
CHICAGO RIDGE, ILLINOIS.
This may seem like I'm being paranoid but the following is true:
On Sunday morning, I worked out at the X-Sport gym in Chicago Ridge, Illinois. As I'm driving home, I notice that my driver's side wiper blade is out of whack. It seems that someone gave it a good yank (similar to breaking the seal on a lug nut) which caused it to go out of alignment. When I got home, I grabbed a wrench and tightened it back down. Problem solved. Right?
Tonight, I'm back at X-Sport. I'm driving a different vehicle this time. As I drive home I observe that my driver's side wiper blade is out of whack. I'll have to fix it in the morning.
What the fuck is going on? I'm quite certain that I didn't piss off anybody. I'm also pretty sure that nobody is following me and watching me come and go. What are the odds that the driver's side wiper blade on two different vehicles would get messed up on consecutive days.
What's common here? Location and the fact that both vehicles have F.O.P. stickers on them.
Given the fact that X-Sport has a high volume of walking IR numbers coming and going, I'd guess that someone is fucking with cars bearing police emblems and/or decals.
This type of tampering can be done quickly (just be walking by and giving the wiper blade a good yank) and without detection. The effect is not immediately noticiable either. It would be a bad thing if you were on the expressway and needed to use your wiper blades when you realize that someone fucked with them.
Again, it may seem like I'm being paranoid but I think that there is enough circumstantial evidence to raise a red flag or two.
If anyone knows of shit like this going on please respond.
Thanks and be safe out there.
BLAME THE HAIR GEL! what a pathetic joke that is. Actually, since I have 7 years on I am very glad the average cop expires not long after retirement. See, right now there is a HUGE influx in the numbers of retirees. Once they (baby boomers) die off the pension will be just fine. I keep in good health. I have an education (studies show us educated live longer...sorry dummies) so that helps ALOT! I dont eat out at Jimmys 3 times a week. I have a gym membership that I actually use. I am happily married and have put the ghetto life behind me and am now relaxing in 019... and I dont go to Augies 5 times a week after work and wonder why my wife has left me (but fuck it... I have a good girl and she's REALLY the one!) Im not miserable in every facet of life... I will live long, and those of you italian beef suckin, thrice divorced, alcohol challenged irish pricks... well, you are a part of my retirement plan and funded pension so THANK YOU keep living it up! My pension will be JUST FINE! And when you see my name in the FOP letter (which a majority of you reading this WONT) It will be in about 55 years... but enjoy the lifestyle! live it up, boys!
I have been hearing recent rumors that CPD employees that were working in a similar capacity in county/municipality "law enforcement" jobs before working for CPD may be able to buy that time back at a discounted rate. Does anyone know of this scam?
Buying into a severely under funded pension at a discounted rate? At a time when our pension needs individuals to be sticking around a bit longer these former crook county screws (not law enforcement by the way) and make believe suburban cops can fuck us out of pension dues at a discounted rate???
Has the FOP been made aware of this? If you wanted time in service, you should have stayed with your former department! You voluntarily left to take a job with CPD. You VOLUNTARILY left knowing your pension would start over. You were paid out Im certain.
I personally will be writing letters to the FOP voicing my opposition against this measure. I URGE any of you who care about your pension to ask questions and do the same!
I wish I could pay into my pension at a DISCOUNTED RATE but guess what... I CANT! And neither should you! Shame on you lazy fucks for wanting to exploit the other members of your union... SHAME ON YOU!
This move divides our union, and is a serious matter! I will be keeping everyone up to speed, as I follow and protest this to the end! If you pricks want to buy in AT FULL VALUE OF A YEARS PENSION then I would say you have a leg to stand on. But wouldnt that ring true for the former teacher? The former laborer? Or anyone that was involved in a pension before this job? I think it is a position that you VOLUNTARILY entered into. And if MY union is involved in this, it a waste of resources, time and money that could be used fighting REAL union issues and SECURING A CONTRACT.
YOU LEFT VOLUNTARILY! You knew what you were getting into. I promise I will use all my resources fighting this. I guess my law degree will come in handy on this one!
“Someone really ought to look into taking all the money Daley steals when he sells City assets (Midway, parking garages, Skyway) and dumping it into pensions”
-SCC
Indeed SCC, but the problem actually goes much deeper. For starters these public assets should never have been put on the auction block to begin with. They were created and maintained with taxpayer funds and placed in the hands of elected representatives as a public trust. It was the responsibility of these officials to see that our public assets served the public’s needs, and it was our responsibility to hold them to that standard. The corporations that are now devouring these assets (today the Skyway, tomorrow Midway & O’Hare) with the assistence of “our” elected officials are motivated not by the public good but by the bottom line. And what’s profitable is not neccessarily what’s in the public’s best interest.
We are now headed towards the Third World model of development in which all of the key public institutions are privatized and responsive to the needs of shareholders rather than the public at large. For example, in South Africa where water and its distribution systems have been privatized, huge swaths of the population have tenuous access to this vital resource due to the fact that it is unprofitable for the multinational corporations in possession of the water rights to deliver it. Heaven help you if your house catches fire or your children are dying of thurst. That’s not their concern, only the bottom line.
The very same principle applies right here in Chicago and elsewhere in America where corporations are hungrily eyeing the public school systems, tranportation systems (including airports and toll roads), and public utilities, all with the connivance of Daleyite collaborators in elected positions of trust. Now funds that were once directed towards addressing the critical infrastructure needs and municipal services of cities are increasingly rerouted directly into the coffers of corporations and major investors who are largely unaccountable to the public.
So we as public employees are now facing a future in which revenue generated from vital pubic assets such as the Skyway, both major airports, the public parking garages and meters will no longer be available to help fund our pensions. If you think any of this is accidental, think again.
WHO cares as long as we get the olympics right? All the money is probably being funneled to the the presidential campaign fund for good old Barack to win office! lol
how about this... all of the dope money, all assets seized, by the police, be deposited in our pension fund, uless it can be legally claimed...
just a thought.
off topic:SCC,
just saw on the news that CROOK county is proposing another city sticker!! It's time to vote all these assholes out of office. Every last one of those asshat elected officals need to go!!! I'm tired of being taxed to death!!
My understanding of the pension shortfalls is that CPD and CFD have gotten contract inducements since 1982 and the city hasn't done anything to offset the contract benefits. Privatizing the city assets through long term leases is a way they intend to resolve the existing shortages. So while youre pissing and moaning about the Mayor pocketing the money, other city employees will be relocated or losing their jobs. So if you have proof the mayor is pocketting these funds, step up. Otherwise why dont you shut the fuck up and quit your whining.
And what will FOP do about our pension...NOTHING.
What will we do about our own pension NOTHING.
But when our pesion goes belly up we will all cry like a bunch of little bitches.
Why dont we stand as one? Makes me sick. We should be at a complete stand still.
Answer jobs, write a ton of paper for every little thing.
NO REVENUE! But noooooooooooooooo
we have to be macho men and make that damn arrest so the city can fuck us even worse.
When will we wake up...probably never. Remember ...doing your job is patrolling and answering your calls.
Who cares??? The answer is nobody. The morons in this city and county will vote dummycrat today and in November.
You get what you deserve and in this city and county they get it every day right in the ASS!!!!
Daley is dummycrat and a hypocrite. I thought all you dummycrats voted that way because dummycrats took care of the unionized workers. 18 billion shortfall in pensions sounds like he took care of himself.
Have a rotten day dummycrats and go vote for your favorite criminal.
sign me up for the 401k.....some always claim that a pension is better...yes if you live for 30+ years past retirement which is probably less than 5% of us. With a 401k and saving 20% of your income (they already take 9%...A monthly deposit of 1200 for 30 years with an interest rate of 8.5% compounded monthly with an initial starting balance of 15000 = 2,171,234.34. The plus side of this is that your family gets to keep this money...the whole design of the pension is that you get as few checks as possible before you kick the bucket and all that money that you contribute stays in the fund...whats the widow pension? Its peanuts! Time to re-think this pension system...for those of you unable to save money...grow up! Quit driving that car you can't afford anyway.
someone should look into what the other benefit funds get like free insurance for life and compounded pension. Management and gold braid pensions are extremely high and in some cases are earned after a short period in the rank. Once they lock in the city pension these ex bosses start showing up in all levels of the county and state government. They just cant quit sucking it dry!!!
WHERE IS ALL THE MONEY GOING? Watch this will only raise our property taxes ever higher. Politicians take our money from all these fees and taxes to buy votes. When are we going to wake up!! SHEEP SHEEP SHEEP
All Cook County residents would have to buy a $40 vehicle sticker for each car they own under a proposal two County Board commissioners are floating to help plug a budget deficit now pegged at $238 million.
The county already charges a so-called "wheel tax" on vehicles owned by people living in unincorporated areas. Commissioners Joseph Mario Moreno and Roberto Maldonado, both Chicago Democrats, want to expand that tax to vehicles in municipalities, including Chicago, where the vehicle-sticker fee recently was raised for sport-utility vehicles.
Overall, the 10 funds have an average of just 66% of the money on hand they’ll need to pay projected benefits, a figure known as the funded ratio, the federation said. The situation is particularly dire at funds covering Chicago police and fire workers, which now have covered ratios of just 49.26% and 40.36% respectively.
Vote RON PAUL!!!!!
Vote REPUBLICAN
Just say NO to the Commie-CRATS.
2/05/2008 01:16:00 AM
I hope you get crushed by a bus as you're crossing the street, JACKASS!
YOU LEFT VOLUNTARILY! You knew what you were getting into. I promise I will use all my resources fighting this. I guess my law degree will come in handy on this one!
2/05/2008 01:33:00 AM
And let me guess, you are one of the guys that wants residency lifted. If so you also knoew what you were getting into.
Why did anyone allow the city to start paying out every idiot that sued them? I fell off the curb pay me, I falsely got a tool jambed up my ass pay me, the police spoke rudely to me, pay me. Do these "taxpayers" realize that when they sue the city they are taking away from all the other taxpayers?
Daley, glad you are doing ok, you better die in office cause the feds are waiting for you to leave you mother fucker. Way to ruin the city.
Vote for RUPAUL!
Even though I am a Republican, I took a Democratic Ballot, I voted for Hillary, why you ask? The answer is easy. Hillary is an easier opponent than Obama come November.....
I'm a PO that also works in Corporate Security for a financial firm in the Chicago Area.
The pension situation is scary and there are questions about deferred comp. Take control of your own investments. The current situation with markets which are turning Bear are providing some unique opportunities.
Many mutual funds are available at reduced rates which offer anywhere from good to great returns on your investments. These funds require a long term committment which is perfect for younger Officers trying to plan for the future.
Some income funds even pay out monthly dividends if you need the extra cash. If not many allow for dividends to be rolled back into the fund towards the purchase of additional shares.
If you're a disciplined investor you can really do well. Most funds can be purchased with a nominal, initial investment.
Another advantage with some mutual funds is that you can actually borrow against your investment; in essence loaning yourself money without reducing the value of your funds as long as you pay it back.
Check some of your options out. We just had our first Child graduate from college and it was amazing how much it cost. For those with little ones you can't imagine how fast Kids grow and how quickly your career goes by.
Don't let this job seal your fate. Plan ahead!
God Bless
Keep TRU - if you want to get manpower back into the districts, tell the dog ass police in 003, 004, 005, 006, 007, 008, 009 (mainly southside) to do some damn work! TRU is doing you're work!
2/04/2008 04:00:00 PM
Damn you southside dogs gonna take this?
Settlement on hold for man who alleges Chicago cops chased him with a chain saw
Tribune staff report
February 5, 2008
woth a read..and a laugh..sad too.
" My pension will be JUST FINE! And when you see my name in the FOP letter (which a majority of you reading this WONT) It will be in about 55 years... but enjoy the lifestyle! live it up, boys!"
What we'll all enjoy the week before your retirement & wifey hands you the divorce papers.Because she got real tired of the arrogant prick. You're response to her taking 1/2 will be grab the bottle of Early Tmes run down to the basment& wrap your lips around the beretta.
SCC,
I bring this up every time I post but have been rebuffed by such topics as " right to carry " , etc.
I will try one more time and that is it.
There is no accountability at the pension board. They are lost. Does anyone on that board know anything about the subprime mess? Do they ask the advisors what type of bonds we are in? Like subprime? How about the stock investments? citicorp, wamu, cfc, and the other stocks that have been hammered. ??
How about the derivatives? Do the bonds have derivative exposure? And most of all, did they own any ambac or mbi??
I know everyone wants to talk about the new supe, led lights and gun control but, if you are working without a pension, good luck.
old retired guy
PENSION SCAM! said...
I have been hearing recent rumors that CPD employees that were working in a similar capacity in county/municipality "law enforcement" jobs before working for CPD may be able to buy that time back at a discounted rate. Does anyone know of this scam?
All other pensions have done it,police & fire,state,county and fed..even worse are all legislators,teachers,laborers have had it for decades..
so why sholdn't they go for it?
2/05/2008 01:33:00 AM
Good ahead and complain to the Union. Maybe you should read a newsletter or two before you call though, they are the ones pushing for the buy in program
Re:
Ashlyn Gere Fan Club President said...
OFF TOPIC:
POSSIBLE OFFICER SAFETY ALERT.
DATELINE:
CHICAGO RIDGE, ILLINOIS.
_________________________________
Here is a little clue Mr. X-Sport Fitness Man: During the winter season many people experience problems with their windshield wipers. First, don't use your wipers as your ice scrapper. Scrap your windshield first.
Second I think your a little paranoid. Maybe you are secretly thinking that the men you asked to wash your back in the gym shower did it, maybe its the Arabian Posse Dudes pitching the dope and steroids in the X-Sport Fitness Chicago Ridge locker room or maybe your gal's real boyfriend is just trying to delay you getting back home so he can spend more precious time with her before you come back home all muscle pumped up!
But either way, if you ever take up 12 inches of posting space on SCC to post about your windshield wipers again, I'll swing by X-Sport and show you what it feel likes to have a windshield wiper wacked over your head!
HOW DO THESE PEOPLE GET ON THIS JOB?
A big part of the problem is, and I am not positive that this is the case, but with the city it wouldn't surprise me.
I was told that the city makes one pension payment per copper when they retire to match your contributions instead of monthly or even yearly! Can anyone confirm or refute. because if this is correct it is no wonder the fund is underfunded. Because with my calculations assuming a 8% rate of return the average pension should be funded at over 600k at twenty its probably more but I was doing it on my cell phone and screwed up at year 12. But if the city doesn't fund it properly all bets are off.
In this circumstance it is almost a better deal to opt out of the pension, if you fund an IRA correctly.
As long as McDonalds and Burger King keeps giving free meals to the police, I will do OK after retiring. Witht the retired badge on my belt and a cheap Radio Shack police scanner, I'll never have to buy a meal or any food during my retirement years! So my meager pension will do me fine!
Re:
Anonymous said...
in ref: to Sgt m. brown from IAD, I dealt with him once, he had a chance to really hurt one of my guys but actually gave him the benefit of the doubt. As for his son in law s. loughran, sure he doesn't have a lot of time on, but in the short time i've known him as a lt. he has a good head on his shoulders and knows what being the police is about. obviously the haters out there had some bad dealings with one or both of them, but as i've said before opinions are like assholes everyone has one, including myself.
2/05/2008 06:44:00 AM
Anonymous said...
Sean was the working police in 008. Very smart and I am sure will be an excellent Lt. Kathi is just as smart and while she may not have as much street experience, was still the police while on the street. Quit with the personal attacks, it just shows how small minded and jealous you are.
2/05/2008 07:20:00 AM
_______________________________
Sgt. Matt, his daughter Det. Kathy and her Husband Lt. Sean.....
Quit posting stuff pretedig others are defending you guys. Too Funny!
Matt picked IAD because he is afraid to be the police and go after bad guys with gus. Kathy hates the police because 12 different cops promised her marriage and only Sean ever went through with it and Sean is a pretend Civil War Army boy who would run in real life if he was drafted into the servioce for a real war.
Three useless cops who only got rank from CLOUT and not from being the police. Absolutely PERIOD!
So be glad for what you got and quit posting like others agree with you!
2/05
1:33am
This is what happens when we don't pay attention. Yes the FOP endorses this and it is called Pension Portability. Read the legislative section on the FOP website and you will see the FOP has supported this bill for years. Our disabled cops go for 10 years without a raise (Does anybody else on the job or in FOP?) but the FOP and the assholes downstate can give away more pension money doing something like this. Fellow FOP memmbers pay attention and read the legislation our FOP supports downstate. Very little if any of it helps the average copper out. Just like the few pension items the politicians passed in 2007 these helped very few people but if you read the website or the newsletter you would think FOP conquered the world. Why does the FOP endorse any politician especially the House and the Senate when none of them has ever pushed through a bill that benefits the copper? Keep voting Democrat and you can be sure that some of you young coppers won't have a pension when you retire.
Once Hillary or Obama becomes president, who needs a pension! Free medical, free welfare and free free free everything!
Did Crain's cover this?
What benefits are the politicians getting?
How much do they get after a few years in office?
Do their benefits include paid medical insurance?
sign me up for the 401k.....some always claim that a pension is better...yes if you live for 30+ years past retirement which is probably less than 5% of us. With a 401k and saving 20% of your income (they already take 9%...A monthly deposit of 1200 for 30 years with an interest rate of 8.5% compounded monthly with an initial starting balance of 15000 = 2,171,234.34. The plus side of this is that your family gets to keep this money...the whole design of the pension is that you get as few checks as possible before you kick the bucket and all that money that you contribute stays in the fund...whats the widow pension? Its peanuts! Time to re-think this pension system...for those of you unable to save money...grow up! Quit driving that car you can't afford anyway.
2/05/2008 06:45:00 AM
Seriously, pal, get real. When is the last time you saw an compounded 8.5% rate on a safe investment like a CD? Stop living in the 80's.
Also, what percentage of our brethren would ever save 9% per month if given a choice between a 401k and a Range Rover?
Talk to any lawyer or doctor. Ask them if they would rather have our pension or their 401k. The answer will surprise you.
wtf who cares if the guy is selling on ebay asswipe
Its interesting that the pension funds for the polititians are totally solvent.
DEMAND HIGHER TAXES...VOTE DEMOCRAT
Hey Mr. Weis. Here's a sgt that is supplementing his income by selling stuff that does not get inventoried. Where is his boss?
Ask youself this question:
Why do we adorn our personal vehicles with union stickers, medalions, hang hat bands from our rear view mirrors,and ticket books on the dashboard?
Answer: so that our fellow police officers, regardless of jurisdiction will recognize a fellow police officer and not FUCK with us.
Please fellow officers; always be courteous in your interactions with others. You never know who you are dealing with.
And get rid of the "police" shit on your vehicles. It only serves as a bulls eye.
Dear secured pension: God Bless you. I could not have said that better. You are 100% correct. I believe in your doctrine and I expect to collect many pension checks after retirement.
So, is HAVE NO DOUBT, VOTE INCUMBENTS OUT beginning to make sense, yet?
Hey my passenger wiper blade was missing, my gas cap was open and there was a banana in my ass oopps I mean tail pipe when I came out of the same Gym!!!!! Signed Keith Hererra.
I believe that the state law passed to enable the sale/lease of Midway REQUIRED that all proceeds of the sale go directly into the pension funds.
The big story on pension funds: did we see in the Tribune today that Aldercreature Burke wants to make sure that pension funds are being managed out of Chicago? And managed by persons of suitable color and gender?
Hang onto your wallets, boys.
Here's the story - read down into it - the real news is kinda hidden.
this is not just our problem. talk to civilian friends and they are experiencing the same problems with retirement packages and health insurance. at least we don't have to worry about being given a pink slip.
Maybe we should sue? Look at this Kentucky ruling:
A Kentucky state appellate court has upheld a lower court ruling that the Lexington Urban County government underfunded its police and firefighter pension fund. The Lexington Herald-Leader reported that, unless the Court of Appeals ruling gets overturned, local government officials may have to come up with $30 million to $35 million in back pension payments. The court sided with five police officers who sued the Urban County Government over the underfunding allegations, according to the opinion written by Judge Janet L. Stumbo. MORE at http://newsmail.plansponsor.com/cgi-bin1/DM/y/eBhFi0JSzmu0CBD0JEJN0Ev
HELLO FOP ~ WHAT THE F#*K ARE YOU GOING TO DO ABOUT THIS MESS?
The end is near. The city will probably file for bankruptcy within 10 years. Thus they won't have to pay any pensions.
The Olympics would solve all our financial problems.
new post?
Can anyone answer these questions?
1) How many Sgt’s do we have?
2) What is the max number of Sgt’s slotted for pay role in CPD?
3) How many Sgt’s are we short?
4) How many Sgt are close to retirement or mandatory retirement age?
5) How long can the Sgt test stay up before they can retest?
Off Topic:
Did anyony catch the article in the Sun-Times on pg. 22 writen by Fran Spielman? It's about time the alderman start catching on to the scam.
I just forsee us ending up with a 2 tier system. The guys with 15 year plus on the job will keep the traditional pension, and those with less will end up with a 401K and a 457(def comp).
Not to mention we be sitting next to the illegal's waiting for medical care once the democrats push thru a Universal Healthcare System
2/05/2008 01:16:00 AM
Old proverb; Pride before the fall.
Thank you Bush, The stock market tanked again. Your spending for a useless War for no reason is killing the stock market, borrow more money, Mr Bush you fucking moron. He put out his 3 Trillion dollar budget and we owe communist China 1.5 Trillion dollars. Do you think the communist Own the good old USA?
Cops chase naked man through snow
February 5, 2008
FROM THE POST-TRIBUNE
CROWN POINT -- Police on Monday afternoon followed footprints in the snow, then K-9 trackers, then a trail of discarded clothes until they found a naked, would-be alleged burglar hiding in a north side neighborhood.
The bizarre chase began around 2 p.m., when a woman in the 1600 block of West 94th Place reported a man had unlocked her door and walked into her house.
The victim ran next door and began pounding on Larry Parson's door.
"I thought it was the postman so I wasn't in any hurry," said Parsons. "I get to the door and she's screaming, 'There's someone in my house!' I look out the window and see this black guy, casual as can be, walking out with, like, some beef jerky or something in his hand, eating."
The man took off running when Parsons, 38, shouted at him. Parsons grabbed his car keys and began following the man.
Police arrived and fanned out over the neighborhood. Parsons spotted tracks in the snow heading toward a nearby park, and alerted a patrol officer. Patrolman Mike Knezevic and K-9 Officer Chuck Sprague tracked the man, who had stripped off all his clothing.
The man, a Chicago Roseland area resident, was taken into custody pending charges.
________________________________
No way! A Chiago man? Hard to believe, really!
Osama Bin Laden said he would make up the 18 billion dollar difference if the Feds call the dogs off him. A Hillary Clinton spokesperson said.
With a 401k and saving 20% of your income (they already take 9%...A monthly deposit of 1200 for 30 years with an interest rate of 8.5% compounded monthly with an initial starting
You had better look at your 457B. As of today I have 46 thousand less then I did in DEC 2007. This is not the Answer kids. I have been in the system 27 years.
I will live long, and those of you italian beef suckin, thrice divorced, alcohol challenged irish pricks... well, you are a part of my retirement plan and funded pension so THANK YOU keep living it up! My pension will be JUST FINE! And when you see my name in the FOP letter (which a majority of you reading this WONT) It will be in about 55 years... but enjoy the lifestyle! live it up, boys!
2/05/2008 01:16:00 AM
VERY well put, my friend!
secured pension at 2/05/2008 01:16:00 AM your a prime example of whats wrong with this department your a typical oneway copper. they should call you jackson. douchebag. you put down the hair gel police but you sure sound like one.
Who is the sgt. that is selling all of those stars on e bay? He is putting lives at risk on the street!!
Secured Pension said:
".. I will live long, and those of you italian beef suckin, thrice divorced, alcohol challenged irish pricks.."
Bite me. Alcohol challenged.....my pale ass. Why I have no problem finding alcohol and drinking it down.
As for my former wives I only drank to make them look good.
Now if you will excuse me I need to do my daily walk. To the bar and back.
Oh no, somebody may have tampered with my wipers when I was pumping iron at x-sport fitness in the burbs! Oh mommy, they are pickig on me at the gym! Whaaaaaaaa Whaaaaaaaa Boooo hooooo... it must be other men who are jealous of my muscular pumped up body that can clearly be seen in my spandex workout outfit! Luckily I used some of my hair gel to coat my wipers so they worked! I just hope the same bad men aren't hanging out at my doctor's office when I go for my penis enlargement surgery because the steroids shrunk me all up!
Tony Rezko is going to donate 18 billion to our pension. After President Obama grants him a federal pardon.
OFFICER SAFETY ALERT!
Somebody is stealing men's thongs from the lockers at X-Sport Fitness in Chicago Ridge! They got my favorite purple pair while I was taking an enlongated shower with my workout buddies!
Play it safe workout friends, always hide your favorite thong in your pants pocket when your showering!
Off Topic:
How come Cicero has not released the results of Scott's drug test???
To the Guy with the law degree" who is ranting and raving about the Pension Portability Bill in the Illinois House, you should do your research before shooting off your mouth. The bill in Springfield if passed would permit a CPD officer with at least 5 years of active service to purchase no more than ten years of pension credits in our pension fund. The affected officer would have to pay BOTH SIDES OF THE CONTRIBUTION ALONG WITH THE COMPOUND INTEREST. Do you really think that the pension fund would just simply let them buy in without all the interest compounded? Go on the State Web site and look up the bill # and then get back on the blog and say "Yes I should have done my research, I f%$#ed up, Sorry".
Mayor Daley wants to go to an all volunteer Fire Dept. and Police Dept.
Daley believes this will save billions in cost!
"What's common here? Location and the fact that both vehicles have F.O.P. stickers on them."
Stop advertising.Get rid of FOP anything,hatbands,ITOA stickers,police memorial plates.etc.
This stuff wont get you out of a ticket,thats what your tin is for.Also ditch the gold CPD chains,T-shirts,hats and other wannabe stuff.
2/05/2008 01:16:00 AM:
What a steaming pile of micro-waved pig poop your life must be, being "glad the average cop expires not long after retirement." Do you truly believe what you said? Yet another festering example of how ignorant we ALL are about the financial realities of our under-funded pension.
How many years worth of new CPD retirees need to croak five minutes after putting in their papers for recent hires like yourself to have a guaranteed pension upon retirement? Ten? Fifteen? Twenty years worth? ALL would seem to be the best choice using your logic, but the impending global economic meltdown and 2013 healthcare debacle throw a monkey into that wrench. Add the ever-colourful local political whores into the mix, and not too much in the way of pension monies will be left for ANY survivors at that point...
Hopefully you're using your education and healthy lifestyle to build a crapload of cash (€) and gold reserves NOW for contingencies, and you've started building your family's retirement villa in Central America. It's never too early to start planning for the end of the world.
Think self-centered, it's the CPD way!!
anonymous said...
I couldn't help notice all the planters on Cicero Ave next to all the giant Potholes of the delapidated street around I-55. More money well spent.
2/04/2008 11:47:00 PM
Yes, the Gateway to LeClaire Courts and Shitfield Ridge! What a grand place to live and breed!!
Let them under-fund the pension.
The city and state are on the hook for the benefits. If they can't pay, the federal gvernment is on the hook.
The pension is not governed by our collective bargaining agreement, it is governed by state law. The FOP cannot negotiate any changes with the pension fund. They can only lobby state officials for changes.
Relax.
Don't forget F.O.P. forgiving 23 million in pension debt owed by city.
23 million invested properly gives back a hell of a return.
who in our union is charged with overseeing our pension?
Dear Secured Pension,
FUCK YOU, you punk, I'll be around to piss on your grave and fuck your widow after the funeral! If I knew of a way I would meet you're punk ass and kick same, big time. I done things you've only read about college boy! Find a way and I'll meet you, however punks like you usually make a Police report when they loose, which you will! Anytime BITCH!!!!
Try working out where the are no walking IR numbers around.
I have an education (studies show us educated live longer...sorry dummies) so that helps ALOT
---------------------------------
Then you know "alot" is seperated right? as in "a lot"
look who the dumb dumb is now?
5:47am
Thats good news. But if your some insider, close to daley, why didnt he just come out and tell us this.
All were getting is these news articles about the doom. I always wondered how daley was going to care of the clout/mob people; looks like he has to take care of all of us.(pension wise)
All right, I'll shutup for awhile.
Just let them know if I wakeup 1 day and find out Im w/o a pension; Im going to get alot of THEM before some SWAT guy gets me in his scope....
BLAME THE HAIR GEL! what a pathetic joke that is. Actually, since I have 7 years on I am very glad the average cop expires not long after retirement. See, right now there is a HUGE influx in the numbers of retirees. Once they (baby boomers) die off the pension will be just fine. I keep in good health. I have an education (studies show us educated live longer...sorry dummies) so that helps ALOT! I dont eat out at Jimmys 3 times a week. I have a gym membership that I actually use. I am happily married and have put the ghetto life behind me and am now relaxing in 019... and I dont go to Augies 5 times a week after work and wonder why my wife has left me (but fuck it... I have a good girl and she's REALLY the one!) Im not miserable in every facet of life... I will live long, and those of you italian beef suckin, thrice divorced, alcohol challenged irish pricks... well, you are a part of my retirement plan and funded pension so THANK YOU keep living it up! My pension will be JUST FINE! And when you see my name in the FOP letter (which a majority of you reading this WONT) It will be in about 55 years... but enjoy the lifestyle! live it up, boys!
Amen!
And I'm thinking about retiring from the west side, is 19 a nice place?
Anonymous said...
All Cook County residents would have to buy a $40 vehicle sticker for each car they own under a proposal two County Board commissioners are floating to help plug a budget deficit now pegged at $238 million.
The county already charges a so-called "wheel tax" on vehicles owned by people living in unincorporated areas. Commissioners Joseph Mario Moreno and Roberto Maldonado, both Chicago Democrats, want to expand that tax to vehicles in municipalities, including Chicago, where the vehicle-sticker fee recently was raised for sport-utility vehicles.
2/05/2008 07:34:00 AM
I read it's supposed to raise 180m with 108m earmarked for the county healthcare system. I guess Maldonado and Merino gotta take care of all the illegal members/voters of La Raza that they keep importing into Chicago.
hey pension,.. SHUT THE FUCK UP .
This country is being given away by the liberals. Illegal middle easterners can go to banks and get loans by falsyfying documents and then belly-up on the loans. THEY DON'T PAY A PENNY BACK. Many of the loans are SBA loans. So who pays for these defaults? THE TAXPAYER!!
These people aren't even Americans!!! This SCAM is into the millions of dollars right here in Chicago and you can bet the same groups are doing it all over the country. Can you say taxi driver??? Moneys are being sent overseas or laundered in a number of ways here. The government is doing NOTHING. Banks are just as dumb and say they can't profile or that they just want to sell, sell, sell loans. Ditto with the eastern europeans who are scamming and some asian groupS. The eastern europeans are your construction guys into the mortgage loan frauds, too. Again, the banks may see a pattern, but still give the money away like it's f*cking penny candy in a cookie jar. Fellow Chicagoans and fellow Americans, we are doomed until we get someone in office who is gonna put a STOP TO ALL THIS NONSENSE. Oh yea, some of this gets to capital hill via the IG, but still NOTHING GETS DONE!!! Whay are we giving bank loans out to people who aren't American citizens? I'm not talking about a $5,000.00 signature loan here either. We are a borderless country with absolutely NO F*CKING BALLS. I feel for our kids and grandkids. Vote for any candidate that is going to put an end to the looting of our country.
SIGNED: DIC WHO KNOWS
Re:
Kathy Brown hates the police because 12 different cops promised her marriage and only Sean ever went through with it.
********************************
Ouch, that part of the posting had to hurt!
Yes, the Gateway to LeClaire Courts and Shitfield Ridge! What a grand place to live and breed!!
2/05/2008 04:39:00 PM
Go fuck yourself!
Just like ENRON there will be nothing left. If you were wise start saving now in defered comp or a savings acct. don't count on a pension when you retire. It could run out a year after you retire then you will have to find a job just like the victims of ENRON.
The city and state are on the hook for the benefits. If they can't pay, the federal gvernment is on the hook.
Right all that money is being used to rebuild Iraq you can look at it in a picture or on the news and know your retirement money is being well spent.
And let me guess, you are one of the guys that wants residency lifted. If so you also knoew what you were getting into.
2/05/2008 09:21:00 AM
nope... I own a hoime in Edison Park... worst thing that could happen is residency lifted so nice try go back to doggin jobs hair gel
What we'll all enjoy the week before your retirement & wifey hands you the divorce papers.Because she got real tired of the arrogant prick. You're response to her taking 1/2 will be grab the bottle of Early Tmes run down to the basment& wrap your lips around the beretta.
2/05/2008 10:01:00 AM
dont try and push your pathetic life story onto me... it's called transference... not healthy
Good ahead and complain to the Union. Maybe you should read a newsletter or two before you call though, they are the ones pushing for the buy in program
2/05/2008 10:09:00 AM
i will... and a lawsuit against the union may follow. Buy ins only are OK if it is a 100% buy in I said that in my original post but where does it stop? Can I buy a few years in just for the hell of it? If it helps fund my pension, Im all for it, but a discounted buy in? No fucking way not gonna happen not on my watch alot of things have "been going on for along time" that doesnt make them right
secured pension at 2/05/2008 01:16:00 AM your a prime example of whats wrong with this department your a typical oneway copper. they should call you jackson. douchebag. you put down the hair gel police but you sure sound like one.
2/05/2008 02:58:00 PM
I sound like a hair gel police because I speak the truth? Is that what it takes to be a hairgel police? Im sorry, did I offend you you fat prick? Do you have brought on by yourself health problems or abuse alcohol? Are you still renting at age 40 (or close to)? Is this job your life and you dont know what youre gonna do when you get put on disability for having only 1 functioning kidney? Get a life. I have lived min to this point very well... label me all you want but just get a fucking life
"Yes I should have done my research, I f%$#ed up, Sorry".
2/05/2008 03:31:00 PM
well asshat, if you read my original post I stated if you clowns will be buying back at 100% then you would have a leg to stand on. I asserted my concerns were based solely on rumors, not any facts. This is the arena in which you dont have to have all the facts to inquire... So, after reading more about this, and if what is said is true, thats great, buy in at 100% plus interest. Fund my pension. The word was AT A DISCOUNTED rate and that is where my beef rested. So quit being so defensive and try to not only read, but also UNDERSTAND the words that are written. by the way, working at Cook COunty Jail is right up there with washing the bathroom floors and shining shoes in the district. Hell, a fucking monkey could do that job!
Then you know "alot" is seperated right? as in "a lot"
look who the dumb dumb is now?
2/05/2008 07:32:00 PM
no it isn't guess you answered your own question
"i will... and a lawsuit against the union may follow. Buy ins only are OK if it is a 100% buy in I said that in my original post but where does it stop? Can I buy a few years in just for the hell of it? If it helps fund my pension, Im all for it, but a discounted buy in? No fucking way not gonna happen not on my watch alot of things have "been going on for along time" that doesnt make them right
2/05/2008 11:41:00 PM"
You sir...sound like a loser ..oh I forgot..an attorney..guess that makes you an asshole too.
Not to mention we be sitting next to the illegal's waiting for medical care once the democrats push thru a Universal Healthcare System
Are you nuts universal health care is what the whole country needs, After 2011 no retirees will have insurance or the family, as it is now most are paying between 300 to 525 a month. Every other country has health care except 3rd world country's. Which by the way also don't have a middle class if you have noticed the middle class is shrinking in the USA. We are heading in the direction of a 3rd world country owned by communist China.
Dear Secured Pension,
FUCK YOU, you punk, I'll be around to piss on your grave and fuck your widow after the funeral! If I knew of a way I would meet you're punk ass and kick same, big time. I done things you've only read about college boy! Find a way and I'll meet you, however punks like you usually make a Police report when they loose, which you will! Anytime BITCH!!!!
I'm at the YMCA on Touhy everyday computer tough guy. Bring it
Anonymous secured pension said...
BLAME THE HAIR GEL! what a pathetic joke that is. Actually, since I have 7 years on I am very glad the average cop expires not long after retirement. See, right now there is a HUGE influx in the numbers of retirees. Once they (baby boomers) die off the pension will be just fine. I keep in good health. I have an education (studies show us educated live longer...sorry dummies) so that helps ALOT! I dont eat out at Jimmys 3 times a week. I have a gym membership that I actually use. I am happily married and have put the ghetto life behind me and am now relaxing in 019... and I dont go to Augies 5 times a week after work and wonder why my wife has left me (but fuck it... I have a good girl and she's REALLY the one!) Im not miserable in every facet of life... I will live long, and those of you italian beef suckin, thrice divorced, alcohol challenged irish pricks... well, you are a part of my retirement plan and funded pension so THANK YOU keep living it up! My pension will be JUST FINE! And when you see my name in the FOP letter (which a majority of you reading this WONT) It will be in about 55 years... but enjoy the lifestyle! live it up, boys!
2/05/2008 01:16:00 AM
You are a coward. Sign your name next time, you work in 019 because you are afraid of the ghetto, you spent just enough time there to assure yourself of that and parachute on some paper.
Google:
"operation wetback"
We did it once, why cant we do it again?
secured pension said...
BLAME THE HAIR GEL! what a pathetic joke that is. Actually, since I have 7 years on I am very glad the average cop expires not long after retirement. See, right now there is a HUGE influx in the numbers of retirees. Once they (baby boomers) die off the pension will be just fine. I keep in good health. I have an education (studies show us educated live longer...sorry dummies) so that helps ALOT! I dont eat out at Jimmys 3 times a week. I have a gym membership that I actually use. I am happily married and have put the ghetto life behind me and am now relaxing in 019... and I
........
can't wait for kharma to give you a reality check, junior.
INVEST IN HARD METALS!
SCC
Exactly as last time. You start a post about the Pension Fund and less than half the comments are about it. I am sure those that post will hit the panic button when it is down to 35% funded or so.
old retired guy
Maybe we should sue? Look at this Kentucky ruling
We won't sue. We are to stupid and arrogant to stick together.
The Keesing Bandit says---
"...I have a gym membership I actually use...
...I am relaxing in 019..."
I am so proud of you. Can I meet you at Starbucks??
Now, kees me you fool!!!
The Keesing Bandit says---
Those of you who have lost your thongs please let me know. I have plenty I can lend you.
Now, kees me you fool!!!
The Keesing Bandit says---
"...naked man hiding in the snow in a north side neighborhood..."
I got so excited that I spit out my double frap.
Then I learned it was in Indiana.
---Sigh---
Now, kees me you fool!!!
The Keesing Bandit says---
I'm at the YMCA every day too.
Sometimes I faint.
Now, kees me you fool!!!
Anonymous said...
secured pension said...
BLAME THE HAIR GEL! what a pathetic joke that is. Actually, since I have 7 years on I am very glad the average cop expires not long after retirement. See, right now there is a HUGE influx in the numbers of retirees. Once they (baby boomers) die off the pension will be just fine. I keep in good health. I have an education (studies show us educated live longer...sorry dummies) so that helps ALOT! I dont eat out at Jimmys 3 times a week. I have a gym membership that I actually use. I am happily married and have put the ghetto life behind me and am now relaxing in 019... and I
........
can't wait for kharma to give you a reality check, junior.
2/06/2008 01:18:00 AM
Your an asshole your father was an asshole so you guessed it kid it makes you an asshole also! went to college and ended up here! WTF! dumbass what college daley university! get fucked!
Three useless cops who only got rank from CLOUT and not from being the police. Absolutely PERIOD!
So be glad for what you got and quit posting like others agree with you!
Umm... What does it take to get through your thick skull that neither KB or SL are/were clout. Out of the blue you start shit with these people, I wonder what happened recently, you should be real easy to ID. Hope your name gets posted by someone else because you were too much of a pussy to identify yourself.
I'm at the YMCA on Touhy everyday computer tough guy. Bring it
2/06/2008 12:55:00 AM
I told you where to find me BITCH! Now bring it or shut the fuck up! YOUVE JUST BEEN SCHOOLED!
Pension Portability....how many officers in the CPD would actually buy into it? ANSWER. Some of them will buy in (more money paid in to our fund) The people who have the money set aside ( they have been saving it over the past 10 years.) They will be able to. And the others ??? Probably not right now, so yes you will pay in a tidy sum of money to the pension fund in order to buy the credits. AMEN
I call bullshit on the 27 year vet who lost 47k in 2007. while its very volitile now, for you to have lost 47k you would have to have over 400k invested. If you are sharp enough to invest at that level you are smart enough to pull out of the market gradually as you reach retirement age, if not, sucks to be you. I have done very well over the last 8 years if I have to give back some of the houses money temporarily oh well.
Has anyone answered my question regarding the timeliness of the city funding of our pension
"sign me up for the 401k.....some always claim that a pension is better...yes if you live for 30+ years past retirement which is probably less than 5% of us"
-2/05/2008 06:45:00 AM
Please pull your head out of your ass and read carefully the link I provided in my original post. The overhead costs managers charge the 401k customer consumes a massive amount of potential return. Furthermore, there IS NO GUARANTEED RETURN as is the case with Defined Benefit Pension plans such as ours. READ!
"Relax the pension is backed by state law".
Ok - Some judge will decide- you must think its on the legit. This is Illinois.
What's common here? Location and the fact that both vehicles have F.O.P. stickers on them.
Maybe you should take all of the police regalia off of your vehicles, it serves no purpose. It's open season on the police. Why would you want to advertise that you are the police, to get out of tickets? Obey traffic laws, park legally. Sheesh, No wonder the public hates us.
Anybody know who "secured pension" is? This kid needs to be named! You all know why. He sounds like a guy who would let you die, while he is "kicking back" after 7 years of service! SEVEN FUCKING YEARS! Not exactly a seasoned veteran, although he may be your back-up, think about it.
went to college and ended up here! WTF!
I can be a Sgt/Lt/Capt etc etc YOU CANT! HAHAHAHAHAHA You will NEVER be able to go anywhere because you are too lazy/dumb to be able to! HAHAHAHAHAAH
ps hey, Touhy YMCA geek... Im still waiting for you!!! BITCH!
anonymous said...
Go fuck yourself!
2/05/2008 11:01:00 PM
Yes!
pension going bye bye.
So if you have proof the mayor is pocketting these funds, step up. Otherwise why dont you shut the fuck up and quit your whining.
2/05/2008 05:47:00 AM
Struck a nerve, huh?
Anonymous said...
Let them under-fund the pension.
The city and state are on the hook for the benefits. If they can't pay, the federal gvernment is on the hook.
---------------
And just what are *you* going to do if the City lets the pension run zero? The State aint gonna do shit. The Feds aint gonna do shit. (Esp w/ Obama in the WH.)
The pension system is just another "law" that Daley & Co. CHOOSE to ignore.
purple thongs are now offered for sale on eBay by sgt bufhole
One more comment to the smart ass guy who claims he is a lawyer, "you should sign up for some remedial classes at your nearest junior college. The FOP and the Illinois state legislative reps and senators have been working on this bill for a least ten years (back when you were in high school), so like I said sign up for those GED classes, they might help you with your "law career". Pound salt asshat.
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