State Pension News
With lawmakers about to return to Springfield for a one-day session on government employee pension reform, a coalition of unions on Monday for the first time publicly said workers would consider paying more toward their retirement.
But the unions' plan also would require the state to guarantee it will make its full yearly pension contribution instead of skipping or shorting it. And the labor leaders suggested that raising business taxes and avoiding benefit cuts for current retirees should be part of any reform law.
Yup, they want the State of Illinois to be required to make its contribution rather than being able to "defer" it for years, decades even, so they can spend the money on projects and entitlements and giveaways.
Labels: pension
posted by SCC at 12:01 AM
93 Comments:
So the corrpupt government continues to lie and ask the workers to give more while they will not have to meet their obligations and continue to screw the workers. Typical scum bag Illinois politicians. If springfiled is just going to fuck us in the end then how about just give me back the $130,000 plus interest that I have put into the pension already. FUCK YOU SCUM BAGS!
Yeah, why should the government be responsible to the citizens it serves?
Why would government act responsibly and fulfill its legal and moral obligations?
But, God forbid, you pay your water bill late, fail to make a real estate tax payment, neglect to buy license plates. That same government will take away your rights, privileges and property without a second thought.
How did this idiot Quinn get elected ???!!
Typical democRAT.
Wow, image if the government deferred it's monthly LINK payments OR Section 8 payments...
In other words, the state wants to be free to wash their hands of contributing their fair share if anything at all...
Just like Rahm al Ghoul has been trying to enact counter-legislation through the back door to take Chicago off the hook of state mandated contributions to our pensions...
Public employee pensions in Chicago and Illinois are the largest financial crime scenes in the history of local and state level governance...
These dirty fucks figure if they destroy our pensions they'll be off the hook and free to redirect billions to their cronies.
Hence the ongoing propaganda & class war against muni and state employees as greedy and undeserving of a secure retirement in order to turn the rest of the middle class against us when it's the asshole politicians who are responsible for the fraud, mismanagement and intentional underfunding/diversion of funding of our pensions.
No pensions for us = no crime/no crime scene to pin on the ass-hoe politicians and the public will point and laugh...
For the mayor and gov, that would be worth a lot of positive political hay and set the table for state and muni employees to be stripped of their pensions nation wide.
The social contracts will be broken. Social Security, union pensions, and healthcare. It's unsustainable and there is no will to address the core issues which begin with politicians putting the corporations above the taxpayers to protect their next campaign contribution installment.
In addition, the lawmaker's pension fund would remain separate and unequal from the rank and file workers. Of course, the legislator's pension fund is fully funded, benefits cannot be diminished and the legislators will still be farting through silk underwear long after all the rest are on a cat food diet.
Forget about the lawyers, the first over the side of the Good Ship Illinois ought to be state senators and reps. Start with Senate President and Speaker of the House. Scumbags Supreme.
Like the state lottery. The lottery was supposed to be all about "the children" and the schools.
Now the gov. just signed a bill to use lottery money for vet's. Not that military vet's don't deserve the program but we're taking it away from the schools that don't have it to give. Meanwhile the debate continues on whether the company that runs the lottery should be given a do over on their contract so that they can pay their exec's bonuses instead of paying the state penalties for not meeting their obligations.
Politicians must keep in mind that the more they keep screwing with the working class, especially taking pensions that were promised, a line will be crossed and they may suffer severe consequences far greater than losing their spots in elections. Normal people will go nuts at some point.
B.A.N.K.R.U.P.T.C.Y. NOW. It's the only way out of this fucken mess that we're in.
Cancel all the pension agreements - they were made under duress anyway (threat of strikes or other bullshit). Give people what THEY put in, forget the rest.
Going forward - if we can't pay it year-on-year in full, don't offer it to begin with!
I'm not paying one fucken cent in higher taxes in the hope that it'll fix the fuckup that IL legislators have created... The current higher taxes didn't help, and neither will more new taxes...
LOWER TAXES NOW.
i pay my LINK DONATION on time, i pay my water bill on time, i pay my phone bill on time, i even pay my cable bill on time! whats wrong here, leaving in a couple years, babies mama and i are going to put a picture on the bumper of the car (LINK CARD) and drive around the U S and the first person to say WHAT IS THAT
IM GOING TO BUY THIER HOUSE
"The governor says this isn't a new idea and will refuse to sign anything that holds the government responsible..."
The concept that government be responsible?
Absurd!
rb
Isn't this the same Quinn that signed legislation (thankfully) that required the city to fund it's pensions?
Wow. Somebody in the city must not have been playing it Quinn's way.
To suggest that government actually be responsible in it's finances? Crazy!
Remember this come tax time. Don't make any promises to pay.
Mike Shields is totally out of his element in Springfield. The membership needs to be aware of this and understand also that we can not even talk about a new contract unless we have the Mayor's permission. The guy has no idea about his enviroment.
I brought this up to Mikey at a retirement seminar and got nothing but BS in return. I told him Detroit retirees sued the city of Detroit to force them to live up to their obligations to their lawfully mandated contributions and won. He was apoplectic when I brought it up.
I told him Detroit Fire and Police unions were very cohesive and made substantial political contributions to politicians who were sympathetic to their cause.
I asked Mikey why the FOP backed Madigan, when he was the biggest threat to our pensions. Mikey said that if we didn't back him, Madigan could be P-offed, and come after the police union with a vengence....that it was safer to back him than not.
Now there's a leader for you.
Mikey said he'd look into how the Detroit unions filed suit and won---not a word on what he found out---doubt he ever did it. Pretty sure he never did.
This guy won the presidency and his first acts were to buy a Lincoln and new furniture. Now we have 2 secretaries fired, 1 suing in Fed court, and another who is probably going to.
If you haven't seen the suit or the letter, ask around--it'll curl your toes.
Rahm is going to eat Shields alive. He'll probably end up in a rubber room drooling on himself. Rahm will fillet that kid and put him on his backyard grill and serve him with some fava beans and a nice chianti.
We are so fucked. I know it's not easy to get to the union meetings, but we better make a show of force, and ask Mikey some tough questions.
Your future is in the hands of a narcissistic 10-year old......don't just stand by--get pissed off, and get involved.
When the first things he did in office was buy a new car and furniture, we should have known we were in trouble.
2 secretaries fired. Will try to post the letter from the latest. Un fucking-fucking-believable!
Motorola. Follow the money.
Illinois gives Motorola about $100 million in tax breaks. Motorola then lays off at least 4,000 employees 700 of which are local. Then Motorola awards $275 million in severance packages to those affected.
You can bet your a** that the VP's getting laid off got some sweet golden parachute packages out of the deal.
It's like Illinois subsidized Motorola's layoff expenses.
Don't worry though the layoff-ees are now free to take their Illinois "we're saving jobs tax payer booty" to some other state or country.
--------------
"Motorola understands how hard these changes will be for the employees concerned and is committed to helping them through this difficult transition. Motorola will be providing generous severance packages, as well as outplacement services to help the employees find new jobs. Google expects to incur a severance-related charge of no greater than $275 million, which it believes will be largely recognized in the third quarter, with the remaining severance-related costs recognized by the end of 2012. Google also expects to incur other restructuring charges related to the actions described above, the majority of which will be recognized in the third quarter. Although Google cannot currently predict the amount of these other charges at this time, these additional charges could be significant...."
http://www.phonearena.com/news/Googles-layoffs-in-Motorola-to-set-it-back-275-million-for-generous-severance-packages_id33268
Why are we not discussing the FOP memo that is everywhere but here?????
http://articles.chicagotribune.com/2012-08-13/news/ct-met-illinois-pension-reform-0813-20120813_1_pension-systems-pension-reform-pension-benefits
U should post this. I was feeling same way.
Yup dont fund our pensions so you can support the skunk vote.
Keep voting Democratic. Turban Durbin has a lot more Socialist give aways.
There should be no state employee unions in the first place. I don't want the politicians negotiating deals with my money so they can buy votes from the union heads. So the unions want taxes raised, that will certainly help the economy...of other states when Illinois business move or expand elsewhere. Outr taxes already went up 67%. No more tax increases! Higher tax rates drive out people and businesses, result in a lower pool of income to tax and lower overall tax receipts. The city governments will file for bankruptcy and clear out all obligations before they would try to fully fund pensions. There is plenty of other government expense to cut. Government unions have bankrupted the US. If a worker does not want to pay for their pension or health care they are free to work elsewhere.
P.s. the only government unions I would even think of allowing are cops and fire.
The governor says this isn't a new idea and will refuse to sign anything that holds the government responsible for making payments on time.
So that means I can file my state return any time I please?
WOW! What are these people thinking? Trying to keep the state at the same standards as it's citizens.
To all the morons who think that this is our battle: Wake the fuck up! The state does not and never has contributed to our pension. While this could have a possible effect on us down the road, we need to sit back and see how it unfolds.
Many people believe that a union cannot agree to anything regarding pensions as the pension agreement is initially made between the employee and the pension board, not the union and the pension board.
There will likely be court challenge upon court challenge if benefits are decreased or contributions are increased without increased benefits without the individual employee's consent.
Finally, the jury may still be out on Mike Shields, but this is not currently our issue. A low profile might be the smartest move right now. Give the man some credit on this one.
If the state doesn't have to meet its financial obligations, why do the people?
How absolutely fucking ignorant and democrat (communist) of them.
This election will truly show if America has lost its soul.
Anonymous said...
How did this idiot Quinn get elected ???!!
Typical democRAT.
8/14/2012 12:22:00 AM
That's what happens when your state laws allow a winner to be declared more than 50% of the voters didnt vote for him. Only in Illinois!
Also maybe it's time to defer tax payments until they start paying up!
Of course the unions are willing to "bargain" a little higher employee contribution for a guarantee of full payment. (After the cities declaring bankruptcy in California, the lawyers must have told them there's a problem.) What a great return on investment, if they can get it. I bet the negotiators aren't offering a $50 billion higher contribution though.
from July:
http://www.pionline.com/article/20120710/REG/120719984
"Moody's Investors Service Inc., a major credit rating agency, plans a massive recalculation of the nation's public pension balance sheet, based in part on an investment outlook that's far more conservative than most such plans assume" ... "The proposed shift would swell pension shortfalls by more than half for five major Illinois plans, taking the state's staggering $83 billion pension debt to nearly $135 billion."
It's all BS. The promises the politicians and their union counterparts agreed to in exchange for votes and campaign contributions (along with whoever knows what else) were never going to be able to be fulfilled. (FDR figured that out back in the '30s) Like a good con though, they've left others holding the bag. Illinois raised taxes 66% to close an $8.5 billion deficit, and they still had another almost similar size budget shortfall in 2012. They narrowed it by a little more that 1%! They can't close an $8 billion "temporary" hole and that $135 billion shortfall will grow by over $7 billion a year just standing still. Does anyone really think there is enough money for this?
less then 10 yrs 401k ,it blows but thats whats gonna happen
if our pensions change then so should the residency rule the so called good area's of the city are going fast!
Raise business taxes, anyone notice all the manufacturers leaving Chicago and Illinois over the last twenty years? Keep this up and the only new businesses opening will be liquor stores and pawn shops but the unions don't care. Illinois/Chicago is headed for bankruptcy just a question of who goes first.
What does that tell you ?
The people work to benefit the government and politicians, not the other way around.
Is the city and state ever behind on their FICA payments? (yes, there are many city employees that aren't in the pensions for several reasons and they pay into Social Security). Would the Feds let them get away with that?
The social contracts will be broken. Social Security, union pensions, and healthcare. It's unsustainable and there is no will to address the core issues which begin with politicians putting the corporations above the taxpayers to protect their next campaign contribution installment.
8/14/2012 12:51:00 AM
At least we still have the Second Amendment.
How did Quinn get elected ?
Candidate Scott Cohen had a past "indescretion" that was dreged-up and plastered all over the media to discredit him, it worked and the sheeple elected Quinn who has turned out to be a big flop and Madigan puppet as governor.
Nothing to see here. Move along.
Rahm will do the same thing. He'll tap dance and speak his political double talk but he won't agree to the City funding their obligation. He'll say it's not a good deal for the taxpayers.
quinn is a fucken asshole .he wants that money so the democrats can use it for other things. corrupt government we need a change.
Here is what higher Illinois business taxes gets us...
"Pipe maker moving Illinois headquarters to Houston
Posted on August 14, 2012
Pipe manufacturer TMK IPSCO will move its corporate headquarters from Illinois to Houston to increase its exposure to the oil and natural gas market, the company has announced."
http://fuelfix.com/blog/2012/08/14/pipe-maker-moving-illinois-headquarters-to-houston/
-------------
So instead of more tax dollars from this company because of a higher tax rate, Illinos will now get $0 in taxes from this company. Catepillar now does all business expansion out of Illinois. Discouraging job creators is not a way to grow jobs or tax revenues.
The social contracts will be broken. Social Security, union pensions, and healthcare. It's unsustainable and there is no will to address the core issues which begin with politicians putting the corporations above the taxpayers to protect their next campaign contribution installment.
8/14/2012 12:51:00 AM
Anonymous said...
B.A.N.K.R.U.P.T.C.Y. NOW. It's the only way out of this fucken mess that we're in.
Cancel all the pension agreements - they were made under duress anyway (threat of strikes or other bullshit). Give people what THEY put in, forget the rest.
Going forward - if we can't pay it year-on-year in full, don't offer it to begin with!
I'm not paying one fucken cent in higher taxes in the hope that it'll fix the fuckup that IL legislators have created... The current higher taxes didn't help, and neither will more new taxes...
LOWER TAXES NOW.
You Sir are an ASSHOLE!! So I worked 25 years so far, do you think I can retire on what I put in? What am I supposed to do? Move into the projects and get a link card. I would rather hit gas stations first, I do have a gun...
Gov , save money on pension , go after elected officials , union officials , school administrators that receive bonuses or pay raises for a few months to boos their pensions.
Next go after employees that bought 5 years of service .
Next employees covered by political appointed Gold Braid type
pensions .
Do not take away or reduce benefits on the working man that worked over 30 years to receive a well earned pension.
Why have'nt the pension funds taken the city/state to court to force them to make their contribution to the pensions? Defer the payment for 1 year; O.K.; 2,3 4, 8,9, 10, unacceptable.
Does anyone have the numbers of how much the city has defered in the last say, 10 years? Just the facts please. Either they paid their share or they did'nt.
Lets remember that over the years we have sponsored several pension reforms, all of which Daley&company killed because they couldn't steal more.
Also, remember when the city treasurer started to look at the pensions, she was set up by madigan and sent to jail (and yes, check out the trib story, its true )
Gee...I wonder why there are so few applying and at the academy trying to get this job these days?
As long as Rhamatoe is running this ship(which it sure seems like he is, sorry Garebear), he will continue to attempt to bend this dept. over again and again and again.
china pulls out of us stock market (yahoo news) this is the least of our problems. shit storm is coming straight ahead. wake up
how on god's green earth do the political hacks of illinois have secure pensions but it's taxpayers do not have secure pensions. we pay into our pension and will offer to pay more into it only for their cooperation. that is bullshit. i am surprised people haven't taken matters into their own hands yet. i am sure it will happen at some point as long as they keep shitting on us.
If entire suburbs don't pay their water bills then why should I? Fuck you Emmanuel!
Several months ago there was an article in the media about several school principals who were alledgedly getting free meals for there own kids in the public schools they go to. What ever happened to this story and the outcome.
hey, a state cannot declare bankruptcy! illinois is sooooo fucked. The state is a taxing body and can raise taxes. current pensions are guranteed by their constitution which cannot be changed for 20 years, so yep chicago will remain the highest taxed in the us. good thing i live in nw ind and work cfd, yeah fuck you too rahm, the only i give to the city is my trash! Lol
Shields needs to step up for the blue shirts or step aside. It's our futures that are on the line and the one reason I joined this job was because of the benefits, pension and more time off.
We have already lost taking time off when we please because now the cap. or the commander have to sign our slips. This just went into effect and people are getting denied.
Thank you Shields for trying to put your foot down to help us out. Oh wait you haven't. I can't wait to see Shields at the next FOP meeting because I'm going to give him a mouth full.
Thank you Shields for trying to put your foot down to help us out. Oh wait you haven't. I can't wait to see Shields at the next FOP meeting because I'm going to give him a mouth full.
You talk a big game on an anonymous post on a blog but when it's time to throw down you ain't gonna say shit. Like most police your good at running your mouth and little more. See you at the meeting on 18 Sep? I'm guessing not.
PO Jim M, 189
Why are we not discussing the FOP memo that is everywhere but here?????
8/14/2012 06:31:00 AM
How about we read about it on YOUR blog? It's SCC's blog and SCC's choice of topic.
I can't wait to see Shields at the next FOP meeting because I'm going to give him a mouth full.
8/14/2012 03:24:00 PM
ya might wanna consider rephrasing that.
Several months ago there was an article in the media about several school principals who were alledgedly getting free meals for there own kids in the public schools they go to. What ever happened to this story and the outcome.
8/14/2012 02:07:00 PM
since no longer being provided with these free meals, the kids' health has improved.
.....I would rather hit gas stations first, I do have a gun...
8/14/2012 09:43:00 AM
there's a huge cache of highly valuable organic vegetables, in a certain back yard, just waiting to be harvested......
I refuse to pay sales tax then you asshole Quinn!
I think pensions are a grand Ponzi scheme but regardless, the state isn't keeping up its end of the bargain. Anyone responsible for "deferment" should be immediately fired and possibly face jail time. If I did this in my private sector job (didn't pay bills due under contract) I'd be fired immediately and possibly face criminal charges. Why is it okay for the government to do it?
-Edison Park Resident
Why have'nt the pension funds taken the city/state to court to force them to make their contribution to the pensions? Defer the payment for 1 year; O.K.; 2,3 4, 8,9, 10, unacceptable.
Does anyone have the numbers of how much the city has defered in the last say, 10 years? Just the facts please. Either they paid their share or they did'nt.
8/14/2012 10:25:00 AM
#1. This has been through the courts before. Every suit filed to force their employer to fund pensions to a specific level has failed because the constitution does not provide to force them to fund at a specific level, only that payments have to be made without fail. As long as pension payments are being made, no one is being harmed and the constitutional provision is being met.
#2. Pension payments aren't deferred forever, but can be deferred for a specific time frame . They are years behind, but they do pay something into the funds, just not the annual ratio they're supposed to pay. I believe the can defer for 3 years, then they have to start paying.
Anonymous said...
There should be no state employee unions in the first place. I don't want the politicians negotiating deals with my money so they can buy votes from the union heads. So the unions want taxes raised, that will certainly help the economy...of other states when Illinois business move or expand elsewhere. Outr taxes already went up 67%. No more tax increases! Higher tax rates drive out people and businesses, result in a lower pool of income to tax and lower overall tax receipts. The city governments will file for bankruptcy and clear out all obligations before they would try to fully fund pensions. There is plenty of other government expense to cut. Government unions have bankrupted the US. If a worker does not want to pay for their pension or health care they are free to work elsewhere.
P.s. the only government unions I would even think of allowing are cops and fire.
8/14/2012 07:08:00 AM
Teachers dude. Don't be ridiculous. I've been around more teachers than cops. Switch? Ha!
Unions screw government and taxpayers, government screw Unions and taxpayers. and taxpayers just get screwed..
I'm real amazed at how you guys keep surviving up north.
Guess at voting time they can fool people most of the time (or at least 51 percent, including the dead, illegals, felons, etc...)
But then you have good gun control in Illinois and Chicago. Hope you have good pitchfork control and lock up all the tar and feathers for when the collapse comes least all those taxpayers get uppity.
This is bull shit. I pay MY bills on time. I bet all the connected contractors get paid on time
Will CeaseFire get their cut, still?
Fine. All you thieves and liberals can police this shit
Anonymous said...
Anonymous said...
B.A.N.K.R.U.P.T.C.Y. NOW. It's the only way out of this fucken mess that we're in.
Cancel all the pension agreements - they were made under duress anyway (threat of strikes or other bullshit). Give people what THEY put in, forget the rest.
Going forward - if we can't pay it year-on-year in full, don't offer it to begin with!
I'm not paying one fucken cent in higher taxes in the hope that it'll fix the fuckup that IL legislators have created... The current higher taxes didn't help, and neither will more new taxes...
LOWER TAXES NOW.
You Sir are an ASSHOLE!! So I worked 25 years so far, do you think I can retire on what I put in? What am I supposed to do? Move into the projects and get a link card. I would rather hit gas stations first, I do have a gun...
8/14/2012 09:43:00 AM
If you can't retire on what you put in after 25 yrs of work, then that's unfortunate, but not the TAXPAYERS problem. It's between you and the people who didn't fund the pensions.
I don't really expect that most people would be able to follow through and verify that the Government's portion of the contribution was made or not, but I sure as fuck expect that a Union representing employees would do that. And that if the Government didn't make the contribution that the Union would raise holy hell.
So your problem Sir, is that you have a bunch of ASSHOLES who run your Union and let the Government skate - in which case your issue is with them. Don't ask me to fix a fucken thing - I paid my taxes, and if the Government didn't allocate them properly to your pension and used them for something then it's NOT MY PROBLEM!
If you're not in a Union, then YOU fucked up friend - because you didn't follow up on the contributions being made. YOU either didn't do it yourself, or you didn't pay someone like an accountant to do it for you. So once again, I paid my taxes and if the government didn't allocate them to your pension properly, then IT'S NOT MY PROBLEM!
I'm not paying a DIME more to fix a fuckup that I had NOTHING to do with. They don't have the money, they stole it - so sue them and watch how far you get with the Sovereign Immunity that they'll claim. Bankruptcy is the best option because then you cash out and invest your own money somewhere that you can control.
And if you have to work MORE, LONGER, etc. to fund a retirement, then boooo fucken hooo pal, you fucked up when you trusted them. So piss off.
"if our pensions change then so should the residency rule the so called good area's of the city are going fast!"
8/14/2012 07:56:00 AM
More like if our pension changes then we don't do shit!!!
The revolution starts in 3, 2, 1
Here is what I find so amusing, we are required to contribute to the pension. We have no ability to opt out of the system and put the money in an IRA or a 401K. So what does that tell you? It is simply another tax that they are taking and using for whatever purpose and they are leaving us out to dry. Well I can tell you this, I have about 10 years to go, if there is no pension for me when I retire, there will be hell to pay.
B.A.N.K.R.U.P.T.C.Y. NOW. It's the only way out of this fucken mess that we're in.
Cancel all the pension agreements - they were made under duress anyway (threat of strikes or other bullshit). Give people what THEY put in, forget the rest.
Going forward - if we can't pay it year-on-year in full, don't offer it to begin with!
I'm not paying one fucken cent in higher taxes in the hope that it'll fix the fuckup that IL legislators have created... The current higher taxes didn't help, and neither will more new taxes...
LOWER TAXES NOW.
STFU you moron, and guess what, next they will be coming after your Social Security because thats a promise they can't keep either. You like to throw us under the bus but guess what? You've got the same thing coming your way. This city and this country for that matter could easily fund the pensions and Social Security if they reign in money from waste, corruption, and handouts to the growing population of people who simply do not want to work for a living. It doesn't help when the IRS is sending tax refunds to prisoners, resident aliens claiming twenty dependents in Mexico and sending over 100 tax refunds to a single address. A little common sense could right this ship, instead they want to use it as an excuse to dump the pension system.
Just a piece of info for all of you dumbshits arguing out there. You are all making arguments that do not apply to Chicago pensions.
Here are some facts. The City of Chicago has always made its legally required payments to the pension funds. That being said, the city has always ignored actuarial reports that suggested it pay more into the system. Anytime the unions suggested legislation in Springfield to increase the City portion of contributions, the city fought tooth and nail to keep this from happening. The funding rate remained the same.
A supposed taxpayer is now balking at having to pay more to fix the system, but what he fails to acknowledge is the fact that due to the city's inaction over that last thirty plus years he has enjoyed thirty plus years of tax breaks.
Hear that giant flushing sound today??
That's Rahm out on Navy Pier helping Obama with his back door illegal immigrant amnesty program -- welcoming millions of illegal immigrant children to the city....and of course we should not break up the families and so everyone gets to stay.. The flushing sound is what is left of the pensions being spent on food stamps and health care that these illegals will now be elig. for.
Most of it won't start showing up in the government reports until after the election so they got that going for them too.
The union contracts are an illusion like the mortgage contracts, the foreclosure notices, the CDO's and other derivatives that were sold as triple a rated safe investments by the bankers were.
They were all papers with signatures on them that were presented as representing value.
There were laws that guaranteed it.
Nevertheless none of the regulators have enforced any of the laws.
Like the new laws on weed or immigration the pension laws that you THINK you have can be ignored at will like so many other so-called laws that are supposed to protect us.
The bankers are running the country.
Fraud after fraud and no-one is in cuffs. Nope! They get a do over not admitting to or denying the crimes, all set for the next round of scams now. The campaign contributions must be funded!
Seriously. Look at the banking crimes. the latest LIBOR scandal that effects EVERYTHING. The frauds, etc... fast and furious and no-one is held accountable. What makes you think that the laws that protect your pension will be upheld by the kangaroo supreme court..
Ponzi scams. They're doing it with Social Security. They're doing it with Medicare. Now it's the pensions turn.
What about the trustees on the pension boards. They didn't see this coming? What where they elected to do. Get free lunch and a do nothing job? If our pensions go down so should the trustees.
Thank you Shields for trying to put your foot down to help us out. Oh wait you haven't. I can't wait to see Shields at the next FOP meeting because I'm going to give him a mouth full.
You talk a big game on an anonymous post on a blog but when it's time to throw down you ain't gonna say shit. Like most police your good at running your mouth and little more. See you at the meeting on 18 Sep? I'm guessing not.
PO Jim M, 189
8/14/2012 06:32:00 PM
Moriarty-
Grow up. Your (the correct spelling of "your") mealticket Shields is coming to an end. You still gonna be on that train when it derails? I hope so.
You will pay whatever tax your told to pay or go to prison. Not your problem? Sorry but our pension is constitutional law. Dont have to sue them. They already know they would lose
Reminds me of a story I heard years ago about funding the Motorcycle safety foundation. Motorcyclists agreed to add $4.00 to the license plate fee in order to fund the MSF.
They had to take the state to court to get that $4.00 put into the MSF fund and take it out of the general revenue fund. Fuckers never met a dollar they couldn't figure out how to spend, even if BY LAW, it was for something else.
Or how about the big flap when they decided to come up with new license plates. Plates had been around for what, 20 years? They said it would cost them $3-$4 a set to replace and didn't know where the $$$ would come from. If they took 25 cents each year and put it in a piggy bank, from the old $48.00 fee, they would have had their $4 in 16 years. But again, couldn't be happy spending $47.75, need the whole $48.
Not to mention when the multi year plates were started, they had to be re-issued every 5 years by law. Multi year plates started in '79, you had new ones in '84. Somewhere after 1984, that law just disappeared.
If you can't retire on what you put in after 25 yrs of work, then that's unfortunate, but not the TAXPAYERS problem. It's between you and the people who didn't fund the pensions.
I don't really expect that most people would be able to follow through and verify that the Government's portion of the contribution was made or not, but I sure as fuck expect that a Union representing employees would do that. And that if the Government didn't make the contribution that the Union would raise holy hell.
So your problem Sir, is that you have a bunch of ASSHOLES who run your Union and let the Government skate - in which case your issue is with them. Don't ask me to fix a fucken thing - I paid my taxes, and if the Government didn't allocate them properly to your pension and used them for something then it's NOT MY PROBLEM!
If you're not in a Union, then YOU fucked up friend - because you didn't follow up on the contributions being made. YOU either didn't do it yourself, or you didn't pay someone like an accountant to do it for you. So once again, I paid my taxes and if the government didn't allocate them to your pension properly, then IT'S NOT MY PROBLEM!
I'm not paying a DIME more to fix a fuckup that I had NOTHING to do with. They don't have the money, they stole it - so sue them and watch how far you get with the Sovereign Immunity that they'll claim. Bankruptcy is the best option because then you cash out and invest your own money somewhere that you can control.
And if you have to work MORE, LONGER, etc. to fund a retirement, then boooo fucken hooo pal, you fucked up when you trusted them. So piss off.
8/14/2012 11:09:00 PM
==
Your basic premise is wrong. It IS the taxpayer's problem.
As a responsible voter, you are supposed to choose the person most likely to represent the best interest of the city in which you live, work and play. If you choose to vote for a thief, who will rape and pillage, or flagrantly violate state law and refuse to fund the pensions of those who protect and serve the citizens of the city, then you have yourselves to blame.
And, yes, you will pay additional taxes or fees to remedy the situation your elected officials created. As will those of us who recognized a carpetbagger when we saw him announce his run for mayor on the Charlie Rose show, shortly before Richie conveniently 'retired' from public office. We didn't vote for him and his cronies, but too many of you did.
By the way, we paid our taxes, too, plus a percentage of our paychecks went into the pension fund each and every paycheck.
If you're such a responsible taxpayer, you should be insisting your elected government officials fulfill their legal and moral responsibility and fund the pensions they are obligated to fund. (Ah, but a responsible taxpayer/voter would never encourage a bankruptcy, either. You obviously have NO idea of what kind of financial hell that would wreak on this city.)
I liked what you said above,8/15/2012 12:14:00 PM
Just a piece of info for all of you dumbshits arguing out there. You are all making arguments that do not apply to Chicago pensions.
Here are some facts. The City of Chicago has always made its legally required payments to the pension funds. That being said, the city has always ignored actuarial reports that suggested it pay more into the system. Anytime the unions suggested legislation in Springfield to increase the City portion of contributions, the city fought tooth and nail to keep this from happening. The funding rate remained the same.
A supposed taxpayer is now balking at having to pay more to fix the system, but what he fails to acknowledge is the fact that due to the city's inaction over that last thirty plus years he has enjoyed thirty plus years of tax breaks.
8/15/2012 07:48:00 AM
Really? If the City has fulfilled its funding obligations, why was Mayor Rahm Emanuel speaking on television, at a press conference, publicly ranting that he refused to and would continue to refuse to pay into the pension funds until pension reform was enacted?
I think it's a fore gone conclusion that we will be paying more to fund our pension. I don't think it's right but it's going to happen. However , any increase in our contributions (active or retired personnel) should be matched or maybe doubled by every active or retired state , county or municipal elected official collecting a pension from their respective government agency for allowing this to happen over the last twenty or thirty years during their tenures.
I think it's afore gone conclusion that we will be paying more to fund our pension. i don's think it's right but It's going to happen. However , any increase in our contributions (active or retired personnel) should be matched or maybe double by every active or retired state , county or municipal elected official collecting a pension from their respective government agency for allowing this to happen over the last twenty or thirty years during their tenures.
How did this idiot Quinn get elected ???!!
Typical democRAT.
Got ask the same thing about Shields.
Finally, the jury may still be out on Mike Shields, but this is not currently our issue. A low profile might be the smartest move right now. Give the man some credit on this one.
Low profile? He should have done that with the secretaries you goof.
before cpd pays 1 extra $ , city of chicago should be required to pay back all money plus interest
pension fund will then be funded over 100%
Anonymous said...
Just a piece of info for all of you dumbshits arguing out there. You are all making arguments that do not apply to Chicago pensions.
Here are some facts. The City of Chicago has always made its legally required payments to the pension funds. That being said, the city has always ignored actuarial reports that suggested it pay more into the system. Anytime the unions suggested legislation in Springfield to increase the City portion of contributions, the city fought tooth and nail to keep this from happening. The funding rate remained the same.
A supposed taxpayer is now balking at having to pay more to fix the system, but what he fails to acknowledge is the fact that due to the city's inaction over that last thirty plus years he has enjoyed thirty plus years of tax breaks.
8/15/2012 07:48:00 AM
Really? If the City has fulfilled its funding obligations, why was Mayor Rahm Emanuel speaking on television, at a press conference, publicly ranting that he refused to and would continue to refuse to pay into the pension funds until pension reform was enacted?
8/15/2012 03:14:00 PM
The City has only fulfilled it's MINIMUM funding obligation, NOT the obligation recommended by the actuarial the City hires to tell it how much to contribute. The City has failed to increase it's multiplier for many years. The multiplier is now 2 and it should be around 5.2 to properly fund the system.
If the city had incrementally increased the multiplier as recommended over the years there would be no problems now.
The firefighters offerred to kick in an extra percent or two. The City turned this down because the City refused to put in even the minimum multiplier to go along with the increase. In other words, the employees increase the contributions but not the City.
Then there are all the political fucks like Vanecko and Allison Davis sucking out of our pension funds because a bank would never loan them what they get with a phone call from City Pension funds.
Blame starts with the Al Capone of Chicago politics: Richard M Daley.
Your basic premise is wrong. It IS the taxpayer's problem.
As a responsible voter, you are supposed to choose the person most likely to represent the best interest of the city in which you live, work and play. If you choose to vote for a thief, who will rape and pillage, or flagrantly violate state law and refuse to fund the pensions of those who protect and serve the citizens of the city, then you have yourselves to blame.
And, yes, you will pay additional taxes or fees to remedy the situation your elected officials created. As will those of us who recognized a carpetbagger when we saw him announce his run for mayor on the Charlie Rose show, shortly before Richie conveniently 'retired' from public office. We didn't vote for him and his cronies, but too many of you did.
By the way, we paid our taxes, too, plus a percentage of our paychecks went into the pension fund each and every paycheck.
If you're such a responsible taxpayer, you should be insisting your elected government officials fulfill their legal and moral responsibility and fund the pensions they are obligated to fund. (Ah, but a responsible taxpayer/voter would never encourage a bankruptcy, either. You obviously have NO idea of what kind of financial hell that would wreak on this city.)
8/15/2012 12:14:00 PM
Anonymous said...
I liked what you said above,8/15/2012 12:14:00 PM
8/15/2012 02:50:00 PM
Why, thank you.
Anonymous said...
Reminds me of a story I heard years ago about funding the Motorcycle safety foundation. Motorcyclists agreed to add $4.00 to the license plate fee in order to fund the MSF.
They had to take the state to court to get that $4.00 put into the MSF fund and take it out of the general revenue fund. Fuckers never met a dollar they couldn't figure out how to spend, even if BY LAW, it was for something else.
Or how about the big flap when they decided to come up with new license plates. Plates had been around for what, 20 years? They said it would cost them $3-$4 a set to replace and didn't know where the $$$ would come from. If they took 25 cents each year and put it in a piggy bank, from the old $48.00 fee, they would have had their $4 in 16 years. But again, couldn't be happy spending $47.75, need the whole $48.
Not to mention when the multi year plates were started, they had to be re-issued every 5 years by law. Multi year plates started in '79, you had new ones in '84. Somewhere after 1984, that law just disappeared.
8/15/2012 12:01:00 PM
My last car was a 2002 Honda. It had the same plates on it for 10 years. When I recently bought a new car I asked for new plates since the 10 year old plates were beat to shit. Of course it cost more.
You can get a free set of duplicate plates if you go to a currency exchange and ask to fill out a form stating your license plates are corroded and unserviceable. Of course paint must be failing and plates need to be damaged by weather, not the car wash or a hammer. Supposed to be free. Few people know about that one.
Anonymous said...
Politicians must keep in mind that the more they keep screwing with the working class, especially taking pensions that were promised, a line will be crossed and they may suffer severe consequences far greater than losing their spots in elections. Normal people will go nuts at some point.
8/14/2012 01:20:00 AM
Oh right. And with only 24% of police officers registered to vote we are surely a force to be reckoned with on election day. Not! They laugh at us because the politicians know the same numbers, if only 24% are registered we can be disregarded with no consequence.
"At least we still have the Second Amendment."
For now...
Oh right. And with only 24% of police officers registered to vote we are surely a force to be reckoned with on election day. Not! They laugh at us because the politicians know the same numbers, if only 24% are registered we can be disregarded with no consequence.
8/16/2012 10:24:00 AM
75%, 50% now 24%??? Where do you get your numbers from on how many police are registered to vote. Are you going on heresay or just picking numbers out of you ass. Have you asked each and every cop if he/she is registered and voted?
cpd is disregarded by politicians
teachers received 20% raise last contract , cpd got 10%
teachers have it easy , all cps students are on the honor roll
after killed by fellow students or police
Glad the Gov won't sign any paper that says IL State should pay it's fucking debts and obligations in a timely manner.
Stay classy, State of IL!
Illinois = First three letters in the state's name are ILL! As in, it will make you sick to your stomach.
Billy and Sally Welfare will NOT STAND for their state payments to be deferred or be late.
They worked for the money they are getting, after all.
Oh, wait...
"The governor says this isn't a new idea and will refuse to sign anything that holds the government responsible..."
Obama agrees!
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