Madigan Springs Pension Bill
- Tuesday, Apr 30, 2013
* 11:58 am - House Speaker Michael Madigan has filed a pension reform proposal. I’m still going through it, but I’m sure our pension experts out there can help figure out what’s in it. Click here to read the amendment (which was tacked onto Senate President Cullerton’s SB1) and make sure to comment below.
* 12:17 pm - I was given a quick briefing on the bill. Here are some of the highlights, but overall it’s somewhat pretty close to the Nekritz/Cross bill…
That doesn't bode well for things. We started to read the Amendment and the Preamble is an amazing admission of how poorly Springfield has been addressing issues and bankrupting the State of Illinois. Here's the intro:
- "Section 1. Statement and Findings.
At the time of passage of this amendatory Act of the 98th General Assembly, Illinois possesses a lower credit rating than each of the other 49 states. This is a consequence both of atypically large debts and of structural imbalances that will, unless addressed by the General Assembly, lead to rapidly growing debts. The debts include a backlog of bills exceeding one-fourth of the State's annual general revenue, substantial unfunded liabilities associated with health insurance for employees and retirees, and approximately $100 billion in unfunded pension liabilities. The structural imbalances result from projected growth in non-discretionary and formula-driven expenses that significantly outpace projected revenue growth. Of the factors that drive this phenomenon, the most substantialby far is the rapid growth of the annual pension payment, which increased nearly $1 billion between Fiscal Year 2012 and Fiscal Year 2013, and will again increase nearly $1 billion between Fiscal Year 2013 and Fiscal Year 2014, at which time it will consume approximately one-fifth of anticipated general revenue.
The depth of this financial crisis became clear in 2008, and since that time, the State has taken significant action to ameliorate the State's fiscal troubles. In 2011, the State increased the income tax by sixty-seven percent in Public Act 96-1496. Recognizing that increased revenue alone would not solve the problem, the State has enacted a series of budgets that included deep cuts to nearly every discretionary program, including areas of the budget that are essential in order to provide for the health, safety, welfare, and educational development of the people of Illinois, such as public
elementary, secondary, and higher education, human services, and public safety.
It goes on like that for 7 pages, all excuses and inconsequential steps the Legislature has taken kicking the can down the road. It's most likely written with a Court challenge in mind. If this doesn't raise your blood pressure, you aren't paying attention.
We also noticed that Pam Zekman emerged from under her bridge where she's been scaring billy goats and launched a new anti-pension screed. She cherry-picks the most egregious instances and spins a yarn out of it:
We also noticed that Pam Zekman emerged from under her bridge where she's been scaring billy goats and launched a new anti-pension screed. She cherry-picks the most egregious instances and spins a yarn out of it:
- Retire at 50 and collect more than $100,000 a year – that’s the plan for a special group of state workers. Some members of the Illinois State Police can end up collecting millions of dollars, according to a study by Taxpayers United of America.
- A state trooper with 25 years on the job can retire at 50 and get 80 percent of his pay. Add overtime and yearly cost-of-living-adjustments, and some end up making more in retirement than they did while they worked.
We're confused - overtime? For what? They aren't working. If we're confused, you can imagine the low-information voters watching Channel 2 are bewildered.
This is SCC's opinion and SCC's opinion only. You don't like it, fine. Go put one on your blog. But if you're making more from your primary job per year when you're retired than when you were actually drawing a salary, there's a problem. We aren't talking about retirees who get another job or form a new company or stuff like that. We're talking about you retire making $85,000 and you're drawing a pension worth $110,000 or more. And that goes for politicians and school principals, who are by far the worst offenders.
It's an unsustainable system and the media and politicos are painting us all with this brush. The people fighting this might want to open another avenue in the current battle. A simple, direct, intelligent approach, because at some point, some asshole like Madigan might actually get something through the gridlock and then we're all eating cat food.
This is SCC's opinion and SCC's opinion only. You don't like it, fine. Go put one on your blog. But if you're making more from your primary job per year when you're retired than when you were actually drawing a salary, there's a problem. We aren't talking about retirees who get another job or form a new company or stuff like that. We're talking about you retire making $85,000 and you're drawing a pension worth $110,000 or more. And that goes for politicians and school principals, who are by far the worst offenders.
It's an unsustainable system and the media and politicos are painting us all with this brush. The people fighting this might want to open another avenue in the current battle. A simple, direct, intelligent approach, because at some point, some asshole like Madigan might actually get something through the gridlock and then we're all eating cat food.
Labels: pension
posted by SCC at 12:05 AM
77 Comments:
Its like that with the state police because there Overtime is pensionable. Must be nice. Fuck these politicians and yuppies
Time to take off the gloves with these bastards. Sick of politicians constantly fucking everybody that does the right thing then gets it shoved up our ass. Time we turned the tables on these pricks.
Don't hear much about the union big shots who "worked" as little as a DAY on the public payroll to qualify for a public pension. Pulling down six figures of public pension money when they spent their lives as do-nothing feather-bedders, taking a break to go face down in the unzipped lap of Chicago and Springfield pols and getting a personalized pension bill passed just for them as a reward. Parasites.
Gee, I wonder whose been calling the shots the last 13 yrs. Democrats, spending like drunken sailors on weekend leave, then taxing and borrowing, and still spending...then some more borrowing, with a little stealing and a lot of mismanaging, but no spending cuts. Blago, Quinn, Madigan, Cullerton, Emil, etc...all at the helm...but blame the Republicans, blame the economy, blame the greedy workers, the unions (to some degree, there are a few things where they are wrong too), not to mention the entitlements that keep sucking the system dry, but we don't want to upset the fourth generation welfare recipients, and it goes on and on. Chicago is fucked, Cook County is fucked, and the state of Illinois is fucked, and the common denominator is that democrats are running, and ruining, everything.
Zekman's 'overtime' comment was about how they load up on their overtime near the end of the career, because the overtime is pensionable.
I think the guy they interviewed referred to 'dignitary protection' and just doing what he was told to do.
If I'm not mistaken the people on the job w/10 to 15 years on are the largest group of coppers we have. It might suck, but we have to get off our collective asses and provide a remedy to this pension issue. Firstly, register to vote!!! WTF! Don't bitch in R/C when U've never voted in your life. We may not like each other, but fuckall if we don't back each other up we're screwed. We, in general, have a little time on by now(not a lot)but we have to band together. Register to vote so we can generate a legitimate and legal threat to to address City and State nefarious intent.
No worries.
VRI and other similar types of supplemental employment will be around forever to make up all that extra scratch you'll be losing.
You'll be able to work yourself to death on your RDOs and furloughs to make up all that cash. All while your family continues to wish Mom or Dad could've made that ball game or trip to the cottage instead of babysitting impulse-devoid animals.
And The Plan - THEIR Plan - will come to fruition: your life expectancy will be greatly diminished, thereby allowing what would've been your pension checks to be credited to LINK Card balances everywhere once you're planted 6 feet under.
Oh, one more thing. Be sure to write a few more parkers next time you work VRI. Chumps.
What's funny is Pam Zekman and all the other people carrying the propaganda water ARE MILLIONAIRES!
What kind of a flying fuck SHOULD a MILLIONAIRE give about a State Trooper's (or any other first responder's) pension?
Zekman's screed, misstatement of facts/lies of ommission and all, is expressly designed to set the regular citizen's teeth on edge against the so called "cush pensions and early retirements" of those in the public safety arena.
Fact: You roll up some hard and ugly miles really quickly doing the Police-y thing.
Our bill comes to two torn up knees, one that may need replacing, a torn up shoulder that may need replacing, a blown up disc, concussions, multiple bone fractures/broken bones and people shit-talk about how they feel that Coppers should work until 70 "so the public gets their money's worth."
People should wrap their heads around the fact that they should be GLAD somebody stopped by for 20 to 25 years to do this work... let alone 40 or more years.
Funny... Other places seem to understand that Policing is tough and seem to not have a problem with guys putting in their 20 or 25 and retiring.
Only in Illinois and Chicago is there so much hatred. It's as if people feel that you're somehow "escaping."
The haters had their chance to sign up... But they didn't...
If Zekman & Co. weren't so full of shit, they would go after the gold braid/golden clout pensions instead of trying to cook everybody in the same pot of shit because A COMPARATIVE CLOUTED FEW got lucky in getting the famous "WAH! COPS GET $100K PENSIONS!" that these goofs in Springpatch and the media are all having pissy panty parties about.
The average Copper pensions out at about the low $40K's... Where the hell is Zekman getting her numbers from?
The state is in a hole because these thieving fucks haven't met a motherfucking buck they didn't try to steal, finagle or redirect...
We'll bet the singing fat lady's ass that monies misappropriated over the last 40+ years will dwarf the pension shortfall.
REMEMBER!
Everybody screaming for you to be the ones to take it in the shorts for the common good are the same motherfuckers who wrecked this damn thing in the first place.
Can anybody out there draw a bead on what Pam Zekman is worth?
That she goblin won't be faced with padding HER cat food with oatmeal... Guaran-fucking-tee it...
THIS! Is the BIG reason why these rotten fuckers don't want concealed carry to fly in Illinois.
Can't have the career political kleptocrats looking over their shoulders for pissed and possibly armed taxpaying CITIZENS (not unarmed subjects) wanting to have a chat about that which is theirs being stolen from them at the stroke of a pen...
Cowards fear comeuppance at the hands of a righteously aggrieved man.
So......they fuck it up and we are supposed to pay.
It's no wonder they are desperate to disarm us.
GUN control = PEASANT control.
How many retire and are hired back as civilians doing the same job? Pam? How about a look at them?
It amounts to an 75% raise in my book. How can any sane person running this City think that's a good deal for the taxpayers?
obviously you haven't checked the cost of cat food lately!
The only "savings" are at the cost of retiree benefits. and lower retiree paychecks
So much for "shared sacrifice."
The pols gave the rich guys at the Merc a tax cut and now the middle class retirees are getting a haircut
The 271-page measure sets a cap on salaries used to determine pensions, limits cost-of-living adjustments on pensions for future retirees, increases retirement ages for workers currently under 45 years old, and hikes worker pension contributions by 1 percent over each of the next two fiscal years. Nothing about what the State is going to give up, after all it is all the greedy workers fault.
Can I just cash out of the pension program and invest it myself?
Perhaps what the little troll "doll" (Zekman) is whining about is the result of a state trooper who works a lot of overtime. All that overtime pay is used for the basis of his/her pension. Thus if a trooper topped out at $100k in base pay but averaged $125k per year with overtime, the retirement check would be ~ $100k or 100% of his base pay. Work a little extra overtime while on the job and...
Zekman can't write any better than she looks
Would it help if we cancelled tours of City Hall and the annual Easter egg hunt?
Another no-brainer- only one government pension per customer. The jumping around game ends.
SSC, Zekman's referring to earning more total dollars over the course of their retirement (possibly 30 years, age 50 - 80, with COLA increases) than they did in their 25 years on the job (startling at trainee wage and increasing during career). The overtime reference is typical of padding in the last few years.
SCC, hypothetically if you worked 30 yrs and retired w/ 70% of your salary making in retirement than when you were working is not very difficult at all. Say you got on the job at 25, worked until you were 55 and retired. For the simplicity of the numbers if you were making 100k at retirement your pension would be 70k (70%). Each year if you received a SIMPLE...not compounded... cost of living increase in 10 years you would be making 100k. Even at 2% simple COLA after 15 yrs you would be making 100k. The problem isn't what we make nor is it what we were promised. The problem is 100% on the state for not paying what they knew they needed to and skipping payments ENTIRELY. Now trying to catch up is nearly impossible and they want to put ALL the burden on us.
I remember commenting about our Pension Fund in 2007-2008. My comments were that our fund would be broke by 2018-2022. I was called all sorts of names, etc. I have received my Pension Advisor from the Pension board yesterday. The sergeant stated the fund will be 15% funded by 2021 if the status quo continues.
A state trooper with 25 years on the job can retire at 50 and get 80 percent of his pay.
Well we better stop that!
The pension system is on the road to implosion.It will either be severly reduced(50%+) so everyone can get something,or you will get nothing.Sorry charlie,the machine stole it all,bill us.
You might have wanted to mention that cpd members don't enjoy any of the "perks" mentioned.
It was doomed to fail when public employee pension amounts can be or could be padded by baking-in unused sick days & goosing up salaries by tens of thousands of dollars for a few weeks work just before retirement & multiple pensions and union kleptocrats could receive public pensions while working for the union and receiving obscence salaries.
The above could be rectified right now, but there is no will to put a stop to it because those in government want theirs.
Every retirees pension should be reviewed.
Double-dippers should be double taxed.
Goosed up pensions should be rolled-back to what they should have been according to an average "Base" salary over 5-10 years preceeding retirement.
Those with gold plated $100K pensions should have an additional value tax.
Granted, another major factor contributing to the insolvency of the system is the states misappropriating the money it took in for decades and literally pissee away. Given that, there should be a malfeanse tax on all retired politicians pensions.
Perhaps the biggest contributing factor to this collossal clusterfuck is the loss of domestic manufacturing and all our money going to communist China where people are forced to work for pennies.
None of this is going to happen.
They're going to kick the can down the road till the music stops.
That's why IL will never allow concealed carry.
Anonymous said...
How many retire and are hired back as civilians doing the same job? Pam? How about a look at them?
It amounts to an 75% raise in my book. How can any sane person running this City think that's a good deal for the taxpayers?
5/01/2013 05:20:00 AM
Not many are. Just the clouted few.
Civilian pay scale is much less-(not counting the Exempt rank civilians). Ask the AFSCME people.
1. What about all the senators and reps getting a pension after 4 years of service?
2. We don't get social security.
3. We pay 12.5% into our pensions, the highest of any state agency.
4. If they don't want to calculate our pensions based on Overtime, quit takng it out of our checks and give us the money you have taken out of my OT checks the last 20 years.
5. How much has Edgar and Big Jim Thompson collected as opposed to what they contributed?
6. Jim Tobin is a police hater, plain and simple.
7. We find it funny that this story was aired during our coontract negotiations and pension reform push.
8. Investigate LINK card abuse by the parasites living off the state instead of the workers.
How do I cash in on a sweet pension deal like that?
Retired and this is my simplistic take on it and my solution. Who benefited from the monies that were not paid into our pension plan by the government? The tax payers did! The public projects or services that were bought with that money. I'm not going to get into if it was money well spent. So, who should pay the money back? The taxpayers! I know, the coppers and teachers, etc. will be taxed too but our numbers, compared with the rest of the population of the State is small and we too, did benefit.
Wow looks like somebody is not getting VRI...Why call me a chump if I want to make some extra money and make my family's life better. You do not know me or my situation...If you do not want to work it fine, but do not push your views on me. VRI put a new roof on my house, paid catholic tuition and paid for my daughters braces, I hardly call that living above ones means...and if you want to live above your means and buy a 70,000 Escalade by all means do it, it is your life and nobody's else. If I want to use my VRI money to buy Peanut Butter and climb a tree and stick it up my ass, so be it...
fix pension fund is easy
eliminate gold braid
every person merit promoted retirees at salary of a patrolman
raise maximum age to 67 , minimum age to 57 , 3 % cola non compounded starts at age 65
raise city and employee contribution by 1 %
"A state trooper with 25 years on the job can retire at 50 and get 80 percent of his pay."
This statement is not quite correct. To max out at retirement one has to work almost 27 years (26 years and eight months to be exact) to reach a full (80%) pension. The problem, like others have mentioned, is that they withhold retirement contributions from overtime pay. If they stopped doing that, then overtime pay would not be included in the calculations for retirement pay.
25 years on and 80% for a State Trooper is WRONG. That alone should call into question of of Zekman's numbers.
Keep voting for the democrats and this is the screwing you will get. If you voted for the democratic ticket you deserve everything you get.
When this pension mess is settled, the deal that was proposed to the sergeant's union will look good. Please no comments about the law and the constitution, if you believe that I will talk about santa and the easter bunny. The laws will be changed to fit the needs of the pols, the judges who are put there by the pols will go along.
Il Rep Martwick at a community meeting last week blamed the entire pension fiasco solely on politicians. Marwick was even stand up enough to claim getting rid of pensions was not the answer... What is needed in this entire dilemma is to educate the public on how past and present politicians are misappropriating funds with a smoke and mirror tactic.... Or just down right political felony theft......
Read the whole thing, amazing the press in this area doesn't see fit to tell the whole truth, this bill in its present form is horrible!
Typical BS from a politician. When Madigan and his cohorts refer to "reform", are they including themselves? What are the consequences to the benefits for the legislatures in this "reformation"? Are the senators' and representatives' pensions in the same fund as the other state employees? If not, why? There many questions that are lacking and I find it interesting that whenever there is a finger to point it goes in the direction of those who the public rely upon for emergency services. What will Madigan be earning upon his retirement?? What about Quinn? Has anyone calculated how much they have contributed towards their pensions/healthcare and how much they will be withdrawing? When it comes to the state budget, why are there no discussions about welfare abuse and reform? I agree that there are flaws in the existing pension system e.g., ex-mayor Daley collecting 2 pensions- 1 for his very BRIEF period as state's attorney, and the other as mayor. However, there are numerous flaws in our human services/state assistance programs that need addressing. If you can afford to drive a cadillac escalade, purchase the latest home theater system, and wear name brand clothing, sunglasses, and bejewel yourself in layers of precious metals and stones, you do not need the state to buy your groceries, supplement your income, or subsidize your housing. Yet, this kind of abuse and waste is still never discussed when talking about budget problems.
VRI and other similar types of supplemental employment will be around forever to make up all that extra scratch you'll be losing.
You'll be able to work yourself to death on your RDOs and furloughs to make up all that cash. All while your family continues to wish Mom or Dad could've made that ball game or trip to the cottage instead of babysitting impulse-devoid animals.
-----
Sounds like some jealous boy is upset at all the money we make because he is too LAZY to work a few of days off!! Or perhaps his wife will not let him work.
VRI WILL NOT be around long... TAKE the money now and MAX OUT in deferred comp!! I have over $720,000 in their now!!
Our pensions may not be around long. Then jealous cry-baby boy will really be crying!!!
I agree with your last comment and that aspect of this argument is the biggest problem. The union guys who work as a teacher for a day and get a pension of over 200k, the Daley family member who as a hospital exec now gets a six figure pension, the secretary who worked with the teachers union and gets six figures, the state board members who meet for once a month (once a month) get full pension and benefits. The Cook County commisoners who do the same Alderman, part time job, full time pension. The list hits 1000 before we get to first responders. As far as I am concerned as a first responder that is totally different. And my dad was a paramedic. The hell he went through, you deserve a damn pension after all the years of being spit on, kicked on, beat on, and having to deal with the beast everyday. But not someone in a office, with ac or heat, getting steak dinners each day, car service. Fuck this bullshit. They should get cut first.
This comment has been removed by the author.
I'll name 2.
TOM BYRNE & JAMES KEATING !!!!!!!! just for starters.
"...state trooper with 25 years on the job can retire at 50 and get 80 percent of his pay. Add overtime and yearly cost-of-living-adjustments..."
So this isn't fair?
What about triple dipping Lord Shanks of Short, double drip so far Rahmulus, mentally ill judges and others?
Why not question the appointed politicians jumping from city to county to state pension funds and never doing 20 years in any agency.
That's what needs reform, not the meager 8-4 workers pension.
Eliminate the "gold braid" enhancement, return the minimum retirement age to 53, require 25 years of service for full benefits and cap individual benefit at $100,000
There are revenue streams that would grealy solidify our pension plans before property taxes, or decreases in our pension benefits. Use the amusement taxes on tickets sold to ball games, concerts,taxes on parking at the stadium facilities, lease money from Midway or O'Hare, a Chicago Casino. Nobody wants to talk about those revenue streams so they can be kept to perpetuate corruption. The FOP should be beating the drum daily with alternative funding solutions and revenue streams so that people become aware and alert as to possibilities instead of allowing the City & State to blow smoke up everybody's ass.
I can't speak for all Cities, but in Chicago, city workers either have to buy an overpriced house in one of the few good grammar school districts or send their children to private school. As for High Schools it is nearly impossible to get a decent school so private secondary education is a must.
The city workers and their spouses work a combination of first and secondary jobs. Then pay the Taxes on everything moving or stationary that Chicago has become famous for to pay for said bad school system and private safe schools for their children to attend.
I know this happens in some other Municipalities also.
Most of this is known when you take the job. You pay your tuition, you pay your taxes, you pay your fees, you pay into your pension, etc. Nothing earth shattering.
You expect certain services, and the Pension for which you worked a good part of your life to qualify for.
Now the pension system is in crises mode due to for the most part Daley and his 50 stooges treating monies collected like they are the monopoly banker.
So Rahm comes in and is going to right the ship.
How you ask?
By punishing current workers and retirees for what Daley and his partners in crime have done to our pension funds.
Note to Federal Prosecutors....you let the Big Fish get away.
To begin the squeeze of assets to make the crises even more dire, Rahm has slowed down hiring to a trickle. About 1500 to 1600 short on the C.P.D. alone at this writing.
The union members are getting sick and tired of being the fall guys.
Blame Daley's Crime Family and the other politicians that have sticky fingers just like him.
As for the Union Members that have done their share of the heavy lifting over their careers, let them be heard. Allow them to have a voice in how this is resolved.
The only ideas that City and State politicians can come up with is this one; how much can we get away with taking away from retirees and active workers?
Not, how can we get additional funding?
Not, what are the Union's Ideas to solve this?
But, how far can we drive that screw into the worker and retiree and still keep our seats?
How about doing this together instead as polar opposites?
In the end we will take a hit in our wallet.
Politicians....so will you.
My crazy uncle eats cat food all the time. I am not sure he likes it but I know he likes fighting the cat for it.
West Side, Inside Do-Nothing said...
No worries.
VRI and other similar types of supplemental employment will be around forever to make up all that extra scratch you'll be losing.
You'll be able to work yourself to death on your RDOs and furloughs to make up all that cash. All while your family continues to wish Mom or Dad could've made that ball game or trip to the cottage instead of babysitting impulse-devoid animals.
And The Plan - THEIR Plan - will come to fruition: your life expectancy will be greatly diminished, thereby allowing what would've been your pension checks to be credited to LINK Card balances everywhere once you're planted 6 feet under.
Oh, one more thing. Be sure to write a few more parkers next time you work VRI. Chumps.
5/01/2013 01:44:00 AM
Oh please motherfucker. You were on this very blog championing "Safe City" when you thought the arbitrator changed "Safe City" qualifications to strictly seniority based.
5/01/2013 12:31:00 PM
Not sure about the safe city reference but WSIDN is 100 pct on the money with his/her spin on the topic at hand. You clowns fail to see the big picture and allow yourselves to be bought at the expense of your very own health and families. If you can look at yourself in the mirror and be happy with the equivalent of a whore looking back at you, so be it. If you don't mind laying your head on the chopping block for the enemy trying to kill you (your employers and the politicians) thus helping them, so be it. I'll keep my spine and pride in tact and won't help contribute to my own (and yours) demise. One day (hopefully) you'll have enough time, age and knowledge to see the bigger picture junior.
A state trooper with 25 years on the job can retire at 50 and get 80 percent of his pay.
The big thing is its the last day on the jobs pay he bases his retirement on, not the average of the last four years, but the last day. I know an Illinois State Police lt that worked one day as a Lt, retired and retirement was based on his Lt pay, then he took a job with the county
Tommy Byrne and Ray Orozco and their goldfish are the biggest pension triple dippers.
Not to worry Mike Shields has your back, if not him then Mark Donahue. You guys are fucked. If it wasn't for the political action team of Local 2 those asshats couldnt find the Lincoln statue in Springfield.
You are wasting your union money on those 2. Leading from behind is the Shield Team motto.
Why doesn't Pam ZEKMAN address the issue of the pension system for IL
judges SPECIFICALLY and EXCLUSIVELY being left untouched in the face of the current pension crisis?
I would imagine most - if not all - judges make close to the $100 K mark.
Do the judges not also draw a pension? Is their draw on the available pension funds also NOT a drain on the state?
Why are THEY exempt? Come on Pam, you're from Chicago. You know how this works.
It's called a "bribe". It may not be in the form of someone getting an envelope stuffed with cash but it's a bribe all the same.
The pension haters are exempting the judicial pension system in hopes the judges will rule for them and AGAINST the other pension systems in the event of legal challenges.
2.2 billion spent on Obama phones last year, yea were the problem.
All I gotta say is that these arrogant politicians best be careful with people's pension $$$
I think they're playing with fire.
This is the price of corruption
26 yrs,8 months is 360 months. You must be age 50 or older to collect too. So if you start when you are 23 yrs old, its good. Earlier than 23 you end up working more than 26/8.
Yes overtime counts towards your pension. But the pension is NOT based on your yearly salary. Its based on your highest 48 consecutive months of your last 10 years. Or your last day of pay per month.
To take real advantage of the overtime boost in pension, you have to work massive and consecutive OT 48 months in a row. No taking off because you got to keep that average up. I was able to boost my pension up a rank higher that I actually was.
But OT like that does take a toll on your family, health, and personal life.
This was a benefit we negotiated and lobbied for in ISP. It was passed by the same legislative people who now wants to change the rules. And yes they took pension contributions and taxes out of our OT.
Wait for the lawsuits
"... lease money from Midway or O'Hare, a Chicago Casino."
Hey idiot, have you not learned your lessons from the Skyway leasing and the Parking Meter deal? Stop selling off city assests as a way to drum up revenue. That is not the answer.
O/T but not really:
HAH! Funny shit!
The teachers at the UNO charter schools are making a move to unionize according to the scum-times online!
(Hidden behind a pay wall because it doesn't square with Rahm's agenda.)
Wasn't blowing CPS up to make it mostly charter in order to bust out CTU a BIG PRIORITY of Rahm's?
Smart move by the teachers...
UNO got caught with their pants down relating to the financial hanky-panky by it's executives.
So while the Uno "grande quesos" are scurrying to back-date a cover story so as not to end up in state or federal prison for school funding fuckery, the teachers made their play...
Is Rahm screaming and tearing off that stolen human skin yet?
And casino bill moved forward today also...didn't see anything about it until now- http://news.yahoo.com/illinois-senate-passes-gambling-bill-chicago-casino-231949057.html
VRI WILL NOT be around long... TAKE the money now and MAX OUT in deferred comp!! I have over $720,000 in their now
I call bs on the above listed post.
I got on at 22 years old. I don't want to do more than 28 years on. I hate the people who got on later in life saying just move the retirement age. Of course if I got on at 35 like you I wouldn't mind them moving the retirement age to 55 but that would be 33 years minimum to collect. Just my personal point of view.
Anonymous Anonymous said...
"... lease money from Midway or O'Hare, a Chicago Casino."
Hey idiot, have you not learned your lessons from the Skyway leasing and the Parking Meter deal? Stop selling off city assests as a way to drum up revenue. That is not the answer.
5/01/2013 09:15:00 PM
Last time around, it was proven it would COST the City money to lease Midway out, because the City would still have to provide a specific level of police service to the airport and its perimeter.
What's different this time?
Zekman, "Clay people face" is and always was wired to the hall. She should retire in a cave in AZ.
For all here bashing the ISP and their pension, so f'ing what. You knew out pension when you came on the CPD. I knew both pensions when I started in LE over 30 years ago. I went to CPD. Leave the brother of thee ISP alone. Their job running the highways is total grief. I salute these fine people. Sharp people who deal with shit every tour and always solo "99".
For pension is not great but better then S.S.
Want to bash, bash ex exempts like Tommy Byrne, Williams, and many others pulling another 140 K a year after getting a pension of 130 K from the city. All working jobs related to city, county and state government. 280 K a year is a bitch to live on.
God bless the CPD and ISP
Rahm now is supporting the latest push for a Chicago Casino and has pledged the money go to SCHOOLS! You know, for the Kids! Like Mumbles always said. Phony baloney asshole. Like the lottery money was for schools.
All they did is take away other money and replace it with lottery proceeds, they did NOT provide additional funds. I have no reason to believe this will be any different.
Anonymous said...
26 yrs,8 months is 360 months. You must be age 50 or older to collect too. So if you start when you are 23 yrs old, its good. Earlier than 23 you end up working more than 26/8.
5/01/2013 08:38:00 PM
Where did you learn math? Must be CPS.
28 yrs. 8 months is 344 months
360 months is 30 years
1 year = 12 months, 2 years = 24 months etc.
Now that won't get you into MENSA but come on, it is basic 3rd grade stuff. At least it was at Catholic School in 1958.
Anonymous said...
So......they fuck it up and we are supposed to pay.
It's no wonder they are desperate to disarm us.
GUN control = PEASANT control.
5/01/2013 03:11:00 AM
From my cold dead hands!
Hey SCC, why can't the city use a certain percentage of all parkers and movers and ANOVs written by the police and use it to play catchup along with a city casino and use a percent of the city's take to catch up to THEIR end of funding? I for one would write as many tickets as possible as long as it went to our pension on the city's side and then whe they are caught up they can do what ever with it. Seems like a workable solution, what say you SCC?
Why doesn't the FOP run an article on how much money Pam Zekman makes holding a microphone and talking to people in front of a camera? Talk about ridiculous. Why pay these reporters so much money for talking and doing interviews? Why? Because Pam that's apparently what you wanted to do in college and you do it well and I am sure you get compensated very well for it. An investigative reporter like you is earning up in the millions I am sure. This was your career choice Pam.
Police and Fire were told upfront "Here is the deal from day one. Work holidays, work off shifts and get shot at and get a pension." I am so tired of being told I am denied a day off and that I have to deal with it that I knew the deal when I signed up. Well guess what? The pensions that police get is what they signed up for. Not a big shock what they are getting. They are getting what they were promised so stop your belly aching Pam on how much State Police get on their pensions.
The news media gets the facts wrong on just about everything they cover. They said the owner of the boat that the Boston Bomber hid in, noticed blood on his tarp, wrong, they said JJJ was crying non-stop and refused to see his father,wrong, they said the 6 month old baby shot to death father was changing her diaper, wrong. They have said for years, "you can't believe everything you read in the papers" and it is still true.
FOP LODGE #7 ENDORSED HOUSE MEMBERS THAT VOTED FOR SB 1
Acevedo
Arroyo
Berrios
Burke, D.
Burke, K.
Dunkin
Feigenholtz
Harris, G.
HURLEY - We could have elected CFD member Tony Martin
Madigan, M. The Speaker
Mell
Willis
SO the bill passed by 3 votes (needed 60) and 12 of the people FOP endorsed voted for this shit!?!?
Great job! - you guys really suck!
How much of my dues did you give these pricks who vote to cut our pensions? You do know the mayor is just waiting for the chance to jump on this. Fing jagoffs!
More questions for you at the next meeting Mikey boy.
How about this for a fix of pensions. The State, County and City thieving demorrhoids pay in what they're supposed to (by law), The FOP doesn't give the city a play and forgive what the city owes our fund, and goofs like madigan and rahm quit trying to make it look like we're super rich on our pensions, and the whole thing is our fault.
Dear Mr. Emmanuel,
I am sick and tired of hearing you spout your rhetoric about how 100% of any revenues from a Chicago Casino should go directly to Chicago Public Schools. In case you haven't noticed the Board of Education is just like the Deep Tunnel Project. We keep pouring money into the deep tunnel and only to watch our basements flood. Then we’re told that we need to complete another expansion for it to work effectively and still our basements flood. Similarly, we keep pouring money into the Board of Education for new programs, head start, free breakfast and lunch, busing to the tune of 50% of our property taxes and nothing changes. The Chicago public schools spent $12,193 per student in 2011 while the average cost of a student sent to a Chicago Archdiocesan school was 6387.00 if we’re spending almost twice as much per student and only getting half of the students to the state norm then we’re throwing money away. To put it another way if the United States Secretary of Education, Arnie Duncan, who your president declared to be the best and brightest, could not fix this problem while he was here then obviously there must not be a solution. Stop throwing our tax dollars in CPS deep tunnel and demand they do more with less. 100% of any Casino profits should be used to pay back the Chicago Police Pension Fund shortage that you helped foster by shrinking the size of the police force by 2500 officers and not conforming to the actuarial studies done to the Chicago Police Pension Fund by paying only the mandated minimum. As you are learning, there is strength in numbers; otherwise you would not be hiring back 400 police officers per day on their days off at 150% of their normal pay rate. Hire more police so the current police officers working your overtime initiative, who average 4 days off per month, are not burned out before summers end. Make their pension fund whole and then the kids might have a chance to make it through 12 years of school before being gunned down due to the lack of police preserving life and property. If you have a lawful society then everything else will fall into place. I just don’t understand how murder and maiming benefits the kids. After all isn’t it all about the kids? How about we start by giving them a safe environment to attend school and participate in sports. That would truly benefit the kids.
Let's look closer @ Home, the exempts drawing 6 figure pensions based upon an appointed rank. On top of that the ones that retire from the CPD & land another City job that pays 6 figures.
Vote Republican 2014
or we won't have a Country or an Economy to collect our Pensions in! Our Deferred Comp will be confiscated & redistributed as well!
There are revenue streams that would grealy solidify our pension plans before property taxes, or decreases in our pension benefits. Use the amusement taxes on tickets sold to ball games, concerts,taxes on parking at the stadium facilities, lease money from Midway or O'Hare, a Chicago Casino. Nobody wants to talk about those revenue streams so they can be kept to perpetuate corruption. The FOP should be beating the drum daily with alternative funding solutions and revenue streams so that people become aware and alert as to possibilities instead of allowing the City & State to blow smoke up everybody's ass.
5/01/2013 02:02:00 PM
The parking meter money historically paid for the largest budget the city had which is the police dept. When the mayor sold this, aand the aldermen approved it, the citybegin to lose everything.
They are unwilling to dissolve this deal in the best interest of the city, instead there are NO more revenue streams. They sold the only revenue stream that financed their largest city department. CPS and CFD tag on to property taxes, not CPD. The property taxes will rise each year to meet the financial obligations of these agencies. CPD no longer has a revenue stream. We, and the rest of the tax payers will be paying through the nose, not just now but forever. Higher taxes, less pension. I used to truly love the beauty in this city. Now I cannot afford to go anywhere in the city I loved. It will never get better.
Imagine where this city would be had the parking meters not been sold? Who can say they truly care about this City and its future if they seek to sell ANY asset we have? Whether its an airport or a parking meter.
Anonymous Anonymous said...
Let's look closer @ Home, the exempts drawing 6 figure pensions based upon an appointed rank. On top of that the ones that retire from the CPD & land another City job that pays 6 figures.
5/02/2013 10:45:00 PM
They can't ever get a second pension at that second City job, so your complaint is what, exactly?
Zekman, "Clay people face" is and always was wired to the hall. She should retire in a cave in AZ.
For all here bashing the ISP and their pension, so f'ing what. You knew out pension when you came on the CPD. I knew both pensions when I started in LE over 30 years ago. I went to CPD. Leave the brother of thee ISP alone. Their job running the highways is total grief. I salute these fine people. Sharp people who deal with shit every tour and always solo "99".
For pension is not great but better then S.S.
Want to bash, bash ex exempts like Tommy Byrne, Williams, and many others pulling another 140 K a year after getting a pension of 130 K from the city. All working jobs related to city, county and state government. 280 K a year is a bitch to live on.
God bless the CPD and ISP
5/02/2013 03:40:00 AM
The ISP work hard and deserve their pension as it is since its their policy to deduct pension funds from their overtime. The scorched earth beliefs people have here of cutting any opportunity of another just because you don't have it is just as ignorant as civilians believing public employees should not have a pension. It's insane to wish another ill will just because your pension is screwed up. So what if former CPD employers go on to work other jobs? Good for them. May we all be so lucky. They don't get an additional pension so who is it hurting? Certainly not you. If you work after retirement, should we also demand that your pension that you earned fair and square be cut off because you're working another job? Stupid.
From http://articles.chicagotribune.com/2012-05-01/news/ct-met-pensions-aldermen-20120501_1_pension-crisis-municipal-pension-wgn-tv-analysis
"An analysis of pension fund documents for 21 aldermen who retired under the plan shows they are in line to receive nearly $58 million during their expected lifetimes, though contributions and assumed investment returns are predicted to cover just $19 million, or a third of that sum."
"Under the plan, aldermen and other elected city officials became eligible to receive up to 80 percent of the salary they earned during their last month of work. All other employees in the municipal pension plan — including top managers — receive 70 percent of their average monthly salary over the previous four years.
Aldermen can also reach the maximum benefit with just 20 years of service, compared with nearly 30 years for everyone else in the municipal pension plan.
Council members argue that they deserve to earn credit more quickly because they face re-election every four years."
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