Saturday, November 22, 2014

Pension Win

It seems that the Law, as written, has obligations and responsibilities - binding one might say:
  • A judge on Friday struck down the state’s landmark pension law that sought to fix Illinois’ $104.6 billion government retirement system debt, declaring the measure unconstitutional and clearing a path for a showdown in the Illinois Supreme Court.

    Sangamon County Circuit Court Judge John Belz agreed with public employee unions and retirees who challenged the December 2013 law, maintaining that it “without question” violates the state constitution’s provision that a public worker pension cannot be “diminished or impaired.”

    “The state of Illinois made a constitutionally protected promise to its employees concerning their pension benefits,” Belz wrote. “Under established and uncontroverted Illinois law, the state of Illinois cannot break this promise.”
Imagine that. And imagine the college that granted this twit a law degree:
  • Illinois Attorney General Lisa Madigan said she will appeal the decision to the state’s high court, where cases go when a state law is declared unconstitutional. She will ask justices to expedite the appeal to get a resolution to the long-festering pension issue, “given the significant impact that a final decision in this case will have on the state’s financial condition.”
And that's a impediment to the law how? We don't recall Lisa stepping in and telling folks, "You can't buy that house given the significant impact that ... this ... will have on [your] financial condition." Or maybe, "You can't sent your child to college given the significant impact that ... this ... will have on [your] financial condition."

The law usually assumes that adults make adult decisions. Unless of course, you're a democrat. Then the all-knowing state tells the banks to front you the money for a mortgage you can't possible ever pay back. Or to take out those student loans that saddle your child with a debt he won't be able to pay back in his lifetime. Or make pension promises that can only be fulfilled by making timely payments, adjusting the multiplier and yes, even raising taxes to keep up with obligations, no matter what it costs you at the polls.

Labels:

122 Comments:

Anonymous Anonymous said...

Always enough money for "entitlements," but never enough money for pensions.


rb

11/22/2014 12:16:00 AM  
Anonymous Anonymous said...

If the money isn't there, where will you get it?

11/22/2014 12:22:00 AM  
Anonymous Anonymous said...

Yes, but will the Illinois Supreme Court make a decision based on law or political affiliations? After all, it IS Illinois.

Calling Lisa Madigan a twit is an insult to twits throughout the world. Too funny.

11/22/2014 12:25:00 AM  
Anonymous Anonymous said...

Corrupt politicians are used to saying whatever they choose before an election but, once elected, however, they do whatever they please.


Having to actually live up to a promise they made is foreign territory for them. Maybe they will have to stop building parks named after themselves and just start covering their pension obligations.


Wow! What a concept!

11/22/2014 12:43:00 AM  
Anonymous 29 and a day said...

I wonder why Ms Lisa never investigates the allegations of corruption against the Speaker of the Illinois House

11/22/2014 12:58:00 AM  
Anonymous Anonymous said...

Hmmm.... Any cluted Supreme court justices....nah

11/22/2014 01:35:00 AM  
Anonymous Anonymous said...

Very funny how Lisa who is this states top law enforcement official is protected by State Troopers. So Lisa expects protection for herself and her family. Yet the Troopers family get screwed for a life time by the pension theft bill that Lisa supports because of daddy. Seriously how can you honestly go to work protecting her when your brother Officers could all suffer?

Liberals have destroyed this state.

11/22/2014 01:49:00 AM  
Anonymous Anonymous said...

https://m.facebook.com/story.php?story_fbid=10152933086492845&id=643187844&refsrc=http%3A%2F%2Ft.co%2Fd6ehvMSkDX&_rdr

Its a culture thing

11/22/2014 02:10:00 AM  
Anonymous Anonymous said...

Is that the same Lisa Madigan, Dean Angelo said Lodge 7 was supporting.

11/22/2014 04:21:00 AM  
Anonymous Anonymous said...

This fight on our behalf can only continue through supporting our attorney, Krislov and Associates.
They got us this far.
Any win against an Illinois Madigan is a plus.

11/22/2014 04:47:00 AM  
Anonymous Anonymous said...

OT --

CBS radio reporting that 100 FBI agents have been sent to the Ferguson, Missouri area, and that two men have been arrested in an FBI sting operation, attempting to buy materials to make pipe bombs "that were intended to be detonated during the Ferguson demonstrations."

Nice.

Officers, remember to "follow activist guidelines for conduct." Leave your ballistic helmet, body armor, etc. at home, and stroll around in shades, tank top, shorts, and flip-flops, sippin something out of a coconut and "appearing non-confrontational."

Right.

11/22/2014 05:38:00 AM  
Anonymous Anonymous said...

It's the law lisa not some bullshit puking out of your old mans mouth it's your duty to abide by it or get out of your current position you obviously can't handle.

11/22/2014 05:56:00 AM  
Anonymous Anonymous said...

Let us not FORGET, Alderman Burke's
WIFE SITS ON THE SUPREME COURT OF ILLINOIS BENCH, Can she influence the other justices decisions ??? This is Chicago you know.

11/22/2014 05:57:00 AM  
Anonymous Anonymous said...

Waiting to see what Rauner does. After all, he has Jim Edgar on his transition team. As Governor during a strong economy, Edgar made no payments to the state pension fund. Thank you, Mr. Clean.

11/22/2014 06:12:00 AM  
Anonymous Sgt. Saunders (ret) said...

Let's see, it was a law written by the Democraps, pushed by a Democrap Governor and now that the court has found it to be unconstitutional, it is going to be appealed to a higher court by a Democraptic Attorney General. Tell me again who is going to try to steal my pension, the Democrats or the Republicans when you ask me who to vote for your guy.

11/22/2014 06:15:00 AM  
Anonymous Anonymous said...

But Wait.... Watch the LiL Witch Lisa try to steal it back from the IL Supremes

Again Democrats and Madigan the ILL of Illinois

11/22/2014 07:25:00 AM  
Anonymous Anonymous said...

Typical of the thieving 2- Faced Madigan Family.
Aren't tou glad you voted Democrat (Communist)?

11/22/2014 07:31:00 AM  
Anonymous Anonymous said...

I would hope that Lisa Madigan includes in her appeal her "conflict of interest." That is, how much of her appeal was influenced by her father, the long-time Speaker of the House in Illinois. And how much of this issue is actually being guided by Michael Madigan? How often have they spoken about it together at the dinner table, on the phone, in person, email, etc. Is the attorney general part of the legislative or executive branch of our government? And Michael Madigan is where? Shouldn't there be separation of powers?

Mike Madigan, the political chess grandmaster, did not place his step-daughter into the attorney-general spot so many years ago (2003 to be exact) because his step-daughter wanted a job. She's there so that he can pull some levers in the executive branch of government.

11/22/2014 07:39:00 AM  
Anonymous Anonymous said...

Keep in mind those generous pension benefits were promised back when the country was wealthier and manufacturing powerhouse.

And today, those good paying jobs that paid the taxes for pensions are gone due to job outsourcing and globalization.

We could afford those pensions if we taxed foreign made goods like other countries do.

.. Just sayin.

11/22/2014 07:40:00 AM  
Anonymous Anonymous said...

Lisa eff'ed up. Bad move. No Govenourship for you. The people won't forget

11/22/2014 07:40:00 AM  
Anonymous Anonymous said...

But RAHM-bellina will save us!

He closed down all those nasty power plants he said so.

Tell Rahm it's time to pay up just like we pay up when we blow a red light camera!

11/22/2014 08:00:00 AM  
Anonymous Anonymous said...

Plan B: Change the state Constitution. Not difficult.

Plan C: Federal Bankruptcy Court where the state Constitution means nothing. Even easier.

11/22/2014 08:02:00 AM  
Anonymous Anonymous said...

OT: Thanks to the officers in 016 for the excellent/fast response to my house when we thought someone broke in. It really meant a lot! Made we want to work up north to help out other coppers.

11/22/2014 08:04:00 AM  
Anonymous Anonymous said...

I hope we are one also let the courts know that this is a manufactured problem by the politicians, not a problem with the pension system. Take away all those freebies they are giving out away first! Free medical, free food cards, free housing, who do you think is paying all that? The pension monies they don't put in! Let's not forget the money they use for parks, stadiums and money lost from parking meter deal. All scams by the democratic machine, now making the working man the problem not the free loaders!!!

11/22/2014 08:16:00 AM  
Anonymous Anonymous said...

Madigan and the Dems don't worry about what the Constitution says. Heck, even their leaders ignore Constitutions. Obama is tasked with enforcing the laws that Congress creates in the Constitution yet he ignores that also.

11/22/2014 08:23:00 AM  
Anonymous Anonymous said...

Yea, and the democratic ass kissers in the FOP board endorced the skelotrix! imagine that!

11/22/2014 08:43:00 AM  
Anonymous Anonymous said...

Once this gets in front of the bought and paid for State Supreme Court, were screwed

11/22/2014 08:45:00 AM  
Anonymous Anonymous said...

Detroit police and fire pensions were not diminished as were other city pensions in the bankruptcy.

11/22/2014 08:57:00 AM  
Anonymous Anonymous said...

Illinois Attorney General Lisa Madigan is the same person all the unions supported also. Another reason these unions are not what they used to be. How often are we seeing these union take our money and give it to the very same politicians, along with endorsements, only to have them screw us. Wake up people!

11/22/2014 09:10:00 AM  
Anonymous Anonymous said...

Cops voted in lockstep for the same pols they are now complaining didn't fund their pensions. Votes have consequences, don't they?

11/22/2014 09:25:00 AM  
Anonymous Anonymous said...

Rahm and his ilk want this to progress to the Supreme Court.
The judge he put there (Thiel??SP?) will follow Rahms wishes when she votes.
Then you've got Eddy Butkes wife also on the court.... how do you think Eddy and Rahm will have her vote?
Do you think Madigan has influence over any memhers of the court?? You're kidding yourself if you think he doesn't.

If they're allowed to vote fair and objectively they also find the law unconstitutional.
In Illinois politics, where puppet masters pull the strings, they most likely will vote with their masters interests significantly in mind.

11/22/2014 09:36:00 AM  
Anonymous Anonymous said...

Lisa Madigan will appeal the decision to the Illinois Supreme Court!

This is the same court that ruled 7-0 that Rahm was a citizen of Shitcago because he had left a box in the crawl space of a house that he owned in Shitcago which he was also renting out.

Sad to say, but she may have a good chance of winning!

11/22/2014 09:42:00 AM  
Anonymous Anonymous said...

Anonymous Anonymous said...
It's the law lisa not some bullshit puking out of your old mans mouth it's your duty to abide by it or get out of your current position you obviously can't handle.

11/22/2014 05:56:00 AM


This might come as a shock but she was just reelected. She is Missy Attorney General for Life in Illinois. I see no one beating her with the sleepwalking voters we have in Illinois. I think they said this was the lowest voter turnout since 1941. And there was some sort of conflict going on at that time and the country had 182 million FEWER people living in it than now.

Think of that, same voter turnout with 182 million fewer people in the country!

population of USA:

2013 - 316 million
1941 - 133 million

11/22/2014 09:50:00 AM  
Anonymous Anonymous said...

Hey Lisa. You want to appeal this to the IL SUP CT? Go right ahead.

I'd pay extra just to get a front row seat to see them give you the bitch-slapping you deserve.

11/22/2014 09:56:00 AM  
Anonymous Anonymous said...

Anonymous Anonymous said...
OT --

CBS radio reporting that 100 FBI agents have been sent to the Ferguson, Missouri area, and that two men have been arrested in an FBI sting operation, attempting to buy materials to make pipe bombs "that were intended to be detonated during the Ferguson demonstrations."

Nice.

Officers, remember to "follow activist guidelines for conduct." Leave your ballistic helmet, body armor, etc. at home, and stroll around in shades, tank top, shorts, and flip-flops, sippin something out of a coconut and "appearing non-confrontational."

Right.

11/22/2014 05:38:00 AM

Bring the lyrics to the old favorite folk songs, "If I had a hammer",, "Michael row the boat ashore" "Kumbaya", "This Land Is Your Land" and the all time classic NWA song, "Motherfuck the police" Just kidding on that last one.

I recall in old traffic court a judge with some stones threw dude out who was wearing an NWA t-shirt. When the judge asked him why he came to court dressed that way, dude answered with the universal "Huh?"

11/22/2014 09:57:00 AM  
Anonymous Anonymous said...

Anonymous Anonymous said...
Is that the same Lisa Madigan, Dean Angelo said Lodge 7 was supporting.

11/22/2014 04:21:00 AM


No, must be a different one.

11/22/2014 09:58:00 AM  
Anonymous Anonymous said...

This is just another confirmation that Chicago and Illinois will never get this pension crisis resolved. Illinois and Chicago are TOAST! I'm glad I left.

11/22/2014 10:08:00 AM  
Anonymous Anonymous said...

Let's not forget this is the same Supreme Court that ruled that Rahm the Dictator was a resident of Chicago and eligible to run for mayor.
Comforting huh?

11/22/2014 10:08:00 AM  
Anonymous Anonymous said...

Can you see Lisa's lips move when her daddy has his hands in her back?
Sad, disgusting Illinois politics.

11/22/2014 10:09:00 AM  
Anonymous Anonymous said...

Illinois once made a sacred constitutional promise to its taxpayers that forbid a state income tax. The Illinois state supreme court wiped it off the books - just like that. Do not feel secure.

11/22/2014 10:16:00 AM  
Blogger Cuthbert J. Twillie said...

>>>> 'Illinois Attorney General Lisa Madigan said she will appeal the decision to the state’s high court, where cases go when a state law is declared unconstitutional. She will ask justices to expedite the appeal to get a resolution to the long-festering pension issue, “given the significant impact that a final decision in this case will have on the state’s financial condition.”' <<<<

Jeezus J, how does this idiot get dressed in the morning. She's dumber than a box of rocks.

The state's financial condition and any so-called "significant impact" is irrelevant. I'll say it friggen again; There is no 'Oops Clause' in the IL Constitution's section on pensions -- .It. .Is. .What. .It. .Is. -- period, end, STOP!

Ergo Lisa, any law passed by the legislature is Un-f..king-Constitutional you simpleton. Laws cannot override what a Constitution states, never have, never will. A fifth grade child could grasp that concept, goddammit to hell. So STOP wasting our money by going to court.

Here's a free tip Darling Lisa; What you should have done you moron was to tell your dear daddy to try to get this issue on the Ballot as a Constitutional Amendment -- instead of all the other 'advisory' bullshit that was on there -- and not just in the last election but years ago. That's the ONLY WAY to get it revised and you *should* know that.

Of course that's dangerous territory both vote and money wise for you demonRATS ain't it sweetie. Every Labor Union in the State & Country could have had their daggers out and you might have lost more than just the Governor's race. And we can't have that now can we.

an aside; This is a prime example of why the wording of what is in a Constitution should be taken with extreme care. Ditto for any Amendments proposed and/or eventually passed, as once something is in, it's almost impossible to get out. And rightfully so.

11/22/2014 10:19:00 AM  
Anonymous Anonymous said...

What's the big problem with you municipal workers paying part of your own pension like most of the private sector workers to? Taxpayers are leaving IL because of the high taxes. When the last of us has crossed the border you can tax your selves.

11/22/2014 10:22:00 AM  
Anonymous Anonymous said...

Lisa and her daddy believe that if Hillary fails in 2016;( and that is a real possibility, she will be 69 when she take the oath, and she is not in great health)then the First Female President will be Lisa. And make no mistake about it, she and those around her are not pink, they are hardcore Reds.

11/22/2014 10:24:00 AM  
Anonymous Anonymous said...

Doesn't this same constitutional law apply to our retirees and their diminished health care benefits? Isn't the mayor violating the constitution too?

11/22/2014 10:33:00 AM  
Anonymous Anonymous said...

The government bailed out banks, auto industry and airlines. Why not the working class pensions?

11/22/2014 10:42:00 AM  
Anonymous Anonymous said...

Off topic, but what happened to the TOSPOT? It was cancelled effective 17 Nov. This really screwed people who put in for dates in Dec....

11/22/2014 10:51:00 AM  
Anonymous Anonymous said...

Thank God!

11/22/2014 11:00:00 AM  
Anonymous Anonymous said...

Anonymous Anonymous said...

If the money isn't there, where will you get it?


From the individuals who misspent it

11/22/2014 11:02:00 AM  
Anonymous Anonymous said...

Coupled with the defeat of the wannabe pension "reformer" Cross, a nice start

11/22/2014 11:07:00 AM  
Anonymous Anonymous said...

Thank the Lord for this victory......however, it still irks me to think that the fucking politicians can readily go into any one of our pockets just because there is one in them.
Fuck that shit!
If they managed the finances better there would be money for everything. (including entitlements......oh, wait, there is money for that)

11/22/2014 11:10:00 AM  
Anonymous Anonymous said...

Lisa is a by-product of "you know who".......it is time for real business people to run our governments......not politicians who enrich their friends at our expense as they raid the coffers.

11/22/2014 11:12:00 AM  
Anonymous Anonymous said...

I was having lunch yesterday at the new Checker's on archer ave talking with alderman Zalewski while filling out my football parlay card. He related that I should just be lucky to have a city job and not to dwell on my pension. As he walked away he gave me a few tips on my parlay card picks.

11/22/2014 11:19:00 AM  
Anonymous Anonymous said...

The states dire emergency ....

Yeah. Sure. Oh we are broke. Let's build parks and other shit to buy votes and make us look good. Give more to the schools. Give more free things to everyone.

The state is not broke. The state takes in billions yearly. The politicians in control just want to spend it on things THEY want. Not on "obligations" like pensions and bills.

Thank God for some judges with common sense.

11/22/2014 11:23:00 AM  
Anonymous Anonymous said...

Mayor Emmanuel-- are you going to "double down" a phrase your old boss Slick Willie throws around and continue to piss away taxpayer money to defend against any City of Chicago employee/retiree lawsuits challenging the unconstitutional pension heist statute aka SB 1922/ Public Act 098-0641 ? BTW, who are the second rate / low rent legal minds advising you that have no comprehension of basic contract law or the the Illinois constitution that you swore to uphold. Talk about ineffective counsel, demand a refund and put them on the do not hire list !

11/22/2014 11:23:00 AM  
Anonymous Anonymous said...

The twit received her law degree from the University Of Chicago Law School.

11/22/2014 11:25:00 AM  
Anonymous Anonymous said...

“The state of Illinois made a constitutionally protected promise to its employees concerning their pension benefits,”

That was Governor Pat Quinn's position regarding pension reform. That any changes must pass Constitutional muster. Sounds pretty Adult to me.

11/22/2014 11:31:00 AM  
Anonymous Anonymous said...

And Dean himself voted to break the tie vote to "endorse" Lisa madigan in the past election after the Board was tie. Does anyone have the roll-call vote of who voted how? Please list here.

11/22/2014 11:41:00 AM  
Anonymous Anonymous said...

If the pensions have to be paid in full, than the only answer is to drastically cut the numbers that are eligible for a pension. The ranks of public employees will have to be trimmed by at least 50%. So many public employees are just too expensive to maintain and keep around in any number. The state, county, and city can get by with a lot less. Citizens will just have to take greater responsibility.

11/22/2014 11:57:00 AM  
Anonymous Anonymous said...

http://www.cnn.com/video/data/2.0/video/us/2014/11/22/smerconish-intv-bassem-masri-ferguson-protests.cnn.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fcnn_topstories+%28RSS%3A+Top+Stories%29

11/22/2014 12:18:00 PM  
Anonymous Anonymous said...

somehow the state has to figure out what it can and cannot do. the only practical way is to pass a bill and see what the courts say. It no longer matters whether the pension problem was solvable by paying more into them years ago. The fact is that those payments were not made. my guess is that if some kind of answer cannot be found at the state level, a lot of cities will end up having to declare bankruptcy to deal with their pension issues. You can see how well that worked out for Detroit's retired employees.

Probably the only long term answer is to convert public employee pensions into some form of defined contribution plan. That forces 100% funding.

11/22/2014 12:31:00 PM  
Anonymous Anonymous said...

It's easy to see what has happened here. Politicians have for years been legislating nice benefits to various constituencies in order to get their votes, but they have not been willing to raise taxes to fund those benefits--again to garner votes. What a racket.

But now what? The state is bankrupt and there is no way to pay the promised pension benefits without a MASSIVE increase in taxes.

Oh wait...here's a thought! How about the state cut back on "entitlements?" Billions of tax dollars are going out the window for Obama phones, food stamps, section 8 housing, 2 years of unemployment benefits, and on and on.

So the State government has to, basically, cut back on money it gives to people who have not earned it in order to pay promised pensions to people who did earn them.

Why is this so complicated??

PL

11/22/2014 12:36:00 PM  
Anonymous Anonymous said...

100 FBI agents + how many real police officers?

circa 1968?
circa 1980?
circa post caps?

11/22/2014 02:22:00 PM  
Anonymous Anonymous said...

Lisa Madigan ( ENDORSED BY THE FOP) wants a quick appeal process to screw over the very people who elected her again.
Thank the FOP Political Action Committee for NOT supporting Paul Schimpf a U.S. Marine attorney for IL States Attorney.
Now let's see how Madigan will screw police &
fire pension law written within the IL Constitution.

11/22/2014 02:26:00 PM  
Anonymous Anonymous said...

Anonymous Anonymous said...
Hmmm.... Any cluted Supreme court justices....nah

11/22/2014 01:35:00 AM

$$$$$

They already voted 6-1 in our favor. Burkes vote was to keep Rahm off of Eddies back.

Look for the SC to throw out Madigan's Emergency powers argument.

11/22/2014 02:32:00 PM  
Anonymous Anonymous said...

Anonymous Anonymous said...
Is that the same Lisa Madigan, Dean Angelo said Lodge 7 was supporting.

11/22/2014 04:21:00 AM

____________________

Her daddy isn't helping us but maybe it's better to support her in name only than to have her father gunning for us.

PS she was going to win with or without us. Sort of like betting on a horse race after the race is over!

11/22/2014 02:36:00 PM  
Anonymous Hot Pursuit said...

Who the hell does that hack work for???? Sure isn't looking out for our interest.

11/22/2014 03:03:00 PM  
Anonymous Anonymous said...

Rahm and his money conjurer Wall Street and North Shore/Gold Coast $25K a plate fundraiser friends shit themselves in anger at this delay in being able to plunder the sweet honeypots that are Police and Fire pensions...

"All that money just sittin' there doin' nuttin' for US!"

11/22/2014 03:28:00 PM  
Anonymous Anonymous said...

When is a promise not a promise? When it is made by a politician.
Hence it was written into the Illinois constitution as law. Now our politicians are trying to undue the Illinois constitution because no one trusted them back then and certainly not now.

Thieving politicians waste tax payers money on their own pet projects and fail to follow the law as written. We need to send more of these pricks to jail.

11/22/2014 03:43:00 PM  
Anonymous Anonymous said...

Anonymous said...
Is that the same Lisa Madigan, Dean Angelo said Lodge 7 was supporting.

11/22/2014 04:21:00 AM
-------
Yes sir... That's why our union was pushing a yes vote for this garbage contract. All politicians are the same, secret deals behind closed doors always diverting attention to what really needs to be addressed.

11/22/2014 03:59:00 PM  
Anonymous Anonymous said...

Hey Lisa, care to charge the politicians that were in office and schemed not to pay those neglected pension obligations?
Maybe for diverting money into TIF's instead?

jd

11/22/2014 03:59:00 PM  
Anonymous In da Know Lil Bro said...

What's the big problem with you municipal workers paying part of your own pension like most of the private sector workers to? Taxpayers are leaving IL because of the high taxes. When the last of us has crossed the border you can tax your selves.

Um, dumbass, we already pay 9%. It's expected to go up to 12% at some point. We've never missed a payment......ever.....while Illinois has spent their share on stadiums, airports, fixed contracts, welfare handouts.

11/22/2014 04:21:00 PM  
Anonymous Anonymous said...

In da Know Lil Bro said...
What's the big problem with you municipal workers paying part of your own pension like most of the private sector workers to? Taxpayers are leaving IL because of the high taxes. When the last of us has crossed the border you can tax your selves.

Um, dumbass, we already pay 9%. It's expected to go up to 12% at some point. We've never missed a payment......ever.....while Illinois has spent their share on stadiums, airports, fixed contracts, welfare handouts.

The first comment points to a huge information problem we have with the public. For some reason they think we get our pension for free. We do pay 9 percent of every pay check towards it. We max out at 75 percent after 29 yrs and a day. Our elected officials have much better pensions but no one complains about them.

11/22/2014 04:35:00 PM  
Blogger Luis Nodal said...

PUBLIC EMPLOYEE's r not entitled to social Security.without our constitutionally protected pension and C.O.L.A at 3% compound r pension would be worth 28% less in Ten years ,,Now factor in the actual cost of living, more like 5%,plus the devaluation of the dollar bill pumped out by the government with no gold backing, now we are down to 50% less in Ten years
Now you know why America is on its way to becoming a 3rd World Country.I love this country don'T persecute good hardworking Ameican's that kept their end of the agreement,As adults we r expected to live up to our agreements.

In Chicago Legislation can and should be introduced to tap the tiff funds (Mayors Slush Funnds) now in the Billions to meet these Obligations.

.

11/22/2014 05:16:00 PM  
Anonymous Anonymous said...

Anonymous Anonymous said...
What's the big problem with you municipal workers paying part of your own pension like most of the private sector workers to? Taxpayers are leaving IL because of the high taxes. When the last of us has crossed the border you can tax your selves.

11/22/2014 10:22:00 AM


Police and fire pay 9%. Fire offered to pay an additional percent and a half or so within the last couple of years. City refused because the City did not want to match.

11/22/2014 05:29:00 PM  
Anonymous Anonymous said...

Anonymous said...
Hey Lisa. You want to appeal this to the IL SUP CT? Go right ahead.

I'd pay extra just to get a front row seat to see them give you the bitch-slapping you deserve.

11/22/2014 09:56:00 AM


When a lower court declares a state law unconstitutional it is automatic to be reviewed by the state supreme court.

11/22/2014 05:34:00 PM  
Anonymous Anonymous said...

401k retirement accounts, for all new State, City and all Municipal new hire employees from this date forward in all of Illinois!

It is already done in the State of Alaska, Michigan! Their State budget is better already!
See Link:
http://www.imakenews.com/cppa/e_article001624595.cfm?x=b11,0,w

From the Governor spot and every spot in government on down to the floor sweeper!

Current Pensions frozen and guaranteed, similar to being on a payroll but amounts will be frozen and payouts until we die off! NO NEW PEOPLE!

It has been done in private industry for years! There is NOT one private or public stock company you can find anymore with a pension plan!

Most all companies are all 401K with matching provisions that can disappear at the drop of the economy, which will be always!

I have looked and researched this topic for years, even if there is a pension plan, it won't be open to new hires, so forget it!

It's coming people!

I'm just glad I'm retiring soon!

See ya Chicago and Illinois!

11/22/2014 05:48:00 PM  
Anonymous Anonymous said...

Anonymous said...
Anonymous said...
Is that the same Lisa Madigan, Dean Angelo said Lodge 7 was supporting.

11/22/2014 04:21:00 AM
-------
Yes sir... That's why our union was pushing a yes vote for this garbage contract. All politicians are the same, secret deals behind closed doors always diverting attention to what really needs to be addressed.

11/22/2014 03:59:00 PM

The same Lisa that the Donahue crew supported against Joe Birkett even when the committee voted 5-3 to support Birkett and Donahue said that it was just advisory.

Nice try though Bill D.

11/22/2014 06:41:00 PM  
Anonymous Anonymous said...

Anonymous said...
Is that the same Lisa Madigan, Dean Angelo said Lodge 7 was supporting.

11/22/2014 04:21:00 AM



Best comment made to this thread.
Unearned endorsements are given out like candy

11/22/2014 07:48:00 PM  
Anonymous Anonymous said...

Do not ever say "Pension" or "Pension benefit"again to any citizens. From this point forward say "EARNED" Pension benefits". Get used to saying "EARNED" in front of everything you say to the citizenry. We need to get this through to everybody.

11/22/2014 07:51:00 PM  
Anonymous Anonymous said...

Anonymous said...
100 FBI agents + how many real police officers?

circa 1968?
circa 1980?
circa post caps?

11/22/2014 02:22:00 PM

Thats an easy answer regardless of the year...


Take the current number and subtract 30% due to that being the probable number of hacks and strokes in this department.

11/22/2014 09:03:00 PM  
Anonymous Anonymous said...

What's the big problem with you municipal workers paying part of your own pension like most of the private sector workers to? Taxpayers are leaving IL because of the high taxes. When the last of us has crossed the border you can tax your selves.

HEY MORON, we do pay into our pensions, 9% of every pay check. We are also taxpayers...we paid taxes towards our pensions that the politicians took and gave away to entitlements. You as a taxpayer should be furious at the politicians for giving OUR taxpayer money away instead of putting it towards what it was budgeted for. Don't be mad at retirees or municipal workers, we paid more than our share!!!!

Retired Guy

11/22/2014 09:14:00 PM  
Anonymous Anonymous said...

Hey F.O.P. remind us again why you endorsed this Police Hater Lisa Madigan for re-election!

Lisa is a Communist, just like the rest of her ilk!

11/22/2014 09:20:00 PM  
Anonymous Anonymous said...

The city of Chicago (mayor Daley & Emanuel ) haven't paid a penny into our pension for at least 25 years. They have paid millions to fight the contractual obligation to pay into MY pension. But as said before, we pay every pay check.

11/22/2014 10:39:00 PM  
Anonymous Anonymous said...

Wheres the cits to Entitlement spenfing, illinois Democrat Politicians? Why dont you and your Union crook pals go steal them instead of trying to steal from people who've worked all their lives and earned their pensions, most of who fon't get any Social Security...frickin Democrats, nothin but Communist Thiefs and Parasites.

11/22/2014 10:47:00 PM  
Anonymous Anonymous said...

And now the Rahm-hole is telling everyone how great Obama is for creating an opportunity for illegal immigrants, by adding millions of workers to the already overflowing excess of workers already here, who cannot find jobs. Meanwhile, he has only created one new job- paying that CeaseFire asshole $1 Million! At this rate, we'll go bankrupt in a couple of weeks.

11/22/2014 10:52:00 PM  
Anonymous Anonymous said...

No matter what happens .our pension fund is so far underwater that it's just as bad as social security. For those who believe that you're getting a full pension. You better start planning for your financial future now before you get that rude awakening at retirement. ...and please don't sock everything into deferred comp....it's city controlled m..you will be taxed heavily on it get your money away from city control

11/22/2014 10:56:00 PM  
Anonymous Anonymous said...

God Lisa, do your dam job and go after the real crook!!!!! Your Dad, he is the real problem not the teachers, Police, Firefighters that contribute to their pensions and are promised them by their employers. Your Dad is a thief, the politicians in this state are the problem

11/23/2014 12:27:00 AM  
Anonymous Anonymous said...

Anonymous Anonymous said...
Lisa and her daddy believe that if Hillary fails in 2016;( and that is a real possibility, she will be 69 when she take the oath, and she is not in great health)then the First Female President will be Lisa. And make no mistake about it, she and those around her are not pink, they are hardcore Reds.

11/22/2014 10:24:00 AM

If Lisa and her daddy truly believe that, they are both delusional and certifiable.

11/23/2014 01:28:00 AM  
Anonymous Anonymous said...

Anonymous said...
Anonymous said...
100 FBI agents = how many real police officers?

circa 1968?
circa 1980?
circa post caps?

11/22/2014 02:22:00 PM

********

100 FBI =
35 cops from the 68 convention
40 cops from the South and West sides during the bulls riots
140 cops from the CAPS office.

11/23/2014 01:51:00 AM  
Anonymous Anonymous said...

Anonymous said...

Cops voted in lockstep for the same pols they are now complaining didn't fund their pensions. Votes have consequences, don't they?

11/22/2014 09:25:00 AM
Anonymous said...

Lisa and her daddy believe that if Hillary fails in 2016;( and that is a real possibility, she will be 69 when she take the oath, and she is not in great health)then the First Female President will be Lisa. And make no mistake about it, she and those around her are not pink, they are hardcore Reds.

11/22/2014 10:24:00 AM
**************
OK, the voters in this country aren't stupid enough to vote ANOTHER Illinois politician into the presidency. The current occupant was voted in because he inspired these liberal dolts with "hope and change", they just didn't realize hope and change meant Saul Alinsky and Mao, plus, they wanted to show how good they were in voting for an untried and untested black man to lead the country.

On the tariffs, damn, you're a policeman, don't you read history? We're SUPPOSED to be smarter and more well read than the average Joe. Those tariffs took a recession and turned it into a depression.

I vote for very few people that win. I wouldn't vote for a democrat unless a gun were pressed to the back of my head. The democrats are all hybrid socialist/communist. They like rich liberals so they're socialist, they like huge taxes, socialist, they want all the peons to make the same pittance of a wage, communist except, they want the small pittance even if you don't work, socialist.

In a communist society, you get section 8, food lines, oops I meant food stamps, free medical care, well, eventually, once the 7 doctors to treat you are through with their 80,000 other patients and a job! But, if you don't work, you don't get the benefits. So you starve.

They tried a form of collectivism in the US when the English first got here, they almost starved. Once they let people farm their own plots and benefit from their own labor, they thrived. But, you'd have to read something other than the Slum Times and socialist drivel to know that.

11/23/2014 01:53:00 AM  
Anonymous Anonymous said...

XU'd think she would file a suit to find out why a public area a sports complex is all of sudden costing tax payers 200% more than the bid estimate that was approved.

Ha. !!

11/23/2014 06:29:00 AM  
Anonymous Anonymous said...

Get attorneys to sue the city and Rham to see what is in the tiff funds? You know that transparency Rham talks about! And while in court ask them to dissolve these tiff funds for they are the problem, tax money going into tiff funds and not pensions!

11/23/2014 06:50:00 AM  
Anonymous Anonymous said...

They already voted 6-1 in our favor. Burkes vote was to keep Rahm off of Eddies back.

Look for the SC to throw out Madigan's Emergency powers argument.

11/22/2014 02:32:00 PM

See, theres something interesting. They attempt to use the excuse that their "emergency" powers grant them the right to circumvent any and all parts of the constitution that are preventing them from spending money the way THEY want to spend it.

So, the state is declaring an "emergency" yet they continue to increase the corporate tax handouts year after year and put that burden onto the shoulders of ALL taxpayers in this state, up to the point which they allegedly can't pay their bills because they're giving away billions of tax dollars every year to the entitled scumbag 1% corporations who think they should have the right to earn billions for free in this state while the rest of us have to pay for that privilege.

"Emergency"..... yeah right. Emergency because state government has overspent for decades and has lately decided NOT collecting taxes is the best way to go to solve their financial woes.... while at the same time trying to circumvent the constitution and stealing from government employees to keep the gravy train running for the 1%.

Corporate welfare has killed this state, and now that the taxpayers are in revolt they turn to the taxpayer government employees to steal the last sum of money laying around, since they can't hit taxpayers up for more because those same 1% have shit on them for decades.

The economy booms for the corporate rich, and they hoard it for themselves while forcing all the rest of us to pay for their greed.

This is a long term game to keep the media slant going for years to drum they message into the heads of the non government employee, and that message is "we need to change the constitution to allow for stealing earned compensation from government employees, and we need YOUR help to do it".

Sorry, changing the state constitution STILL cannot get them out of the lawful obligations made to current employees because in this area federal law will prevent it. It's just their going to play this game all the way until they have no place left to run.

If the unions lay down and don't fight it they get the honeypot to ensure further elections. If they don't win they lost nothing other than more taxpayer money from fighting against the very laws they're sworn to uphold and the state constitution.

11/23/2014 06:57:00 AM  
Anonymous Anonymous said...

Anonymous said...

If the money isn't there, where will you get it?

11/22/2014 12:22:00 AM

Very easy to answer: The taxpayers! The same taxpayers that enjoyed lower taxes over the years because our pension moneies were being used to subsidize governmental budgets. The same taxpayers that elected and keep electing the same politicians who put us in this mess. The key for you and me here is live here and earn your pension. As soon as you retire get the F#@k out and flee this hopeless state.

11/23/2014 07:07:00 AM  
Anonymous Anonymous said...

Forgive me if I'm not remembering this correctly...but wasn't there an item on an election ballot a few years ago which would have allowed changes to the state constitution? Isn't it that they can only have that vote every 10 years? (I might be wrong) If so, isn't that vote only a few years away?

Maybe someone knows the answer to this...let's say it's put up to a vote again, and it passes where changes are allowed. Can the state then make changes to pensions owed to retirees and those presently employed, or would it only be allowed to make change to the pensions of future hires?

If this is up for a vote again, you can bet 'legislators' will be pushing hard for votes to allow changes. WeAreOne IL better start thinking ahead.

If anyone knows the answers to any of the above, can you please post them?

Please, no smart-a** comments. I already said I might be wrong. No haters!

11/23/2014 07:51:00 AM  
Blogger Barney Fife said...

generally the state can 'violate' the constitution if they have a "compelling" state interest.

Madigan is probably arguing just that - Il debt being the compelling state interest.

Just to put this into perspective, Affirmative Action violates the 14th Amendment out-right, but it still stands as law because the courts ruled that "diversity" (in the case in which I am speaking, College Admissions) was determined to be a "compelling state interest"


11/23/2014 09:12:00 AM  
Anonymous Anonymous said...

and the alumni association of this important institution,
Bob's College of Legal Knowledge and Storm Door Repair, awards its person of the year and legal scholar award to....Lisa Madigan

11/23/2014 09:15:00 AM  
Anonymous Anonymous said...

Anonymous Anonymous said...
Hey F.O.P. remind us again why you endorsed this Police Hater Lisa Madigan for re-election!

Lisa is a Communist, just like the rest of her ilk!

11/22/2014 09:20:00 PM


Why? Mike Madigan, that is why FOP endorsed Lisa. Father is friendly to police when it counts, police endorse daughter. It is as simple as that. Get over it.

11/23/2014 09:47:00 AM  
Anonymous Anonymous said...

Anonymous said...
Keep in mind those generous pension benefits were promised back when the country was wealthier and manufacturing powerhouse.

And today, those good paying jobs that paid the taxes for pensions are gone due to job outsourcing and globalization.

Keep in mind that they were affordable if they had been contributed to yearly as required by law but instead were stolen by the the State and City.

"JUST SAYING", you moron troll.

We could afford those pensions if we taxed foreign made goods like other countries do.

.. Just sayin.

11/22/2014 07:40:00 AM

11/23/2014 09:50:00 AM  
Anonymous Anonymous said...

Anonymous Anonymous said...
What's the big problem with you municipal workers paying part of your own pension like most of the private sector workers to? Taxpayers are leaving IL because of the high taxes. When the last of us has crossed the border you can tax your selves.

HEY MORON, we do pay into our pensions, 9% of every pay check. We are also taxpayers...we paid taxes towards our pensions that the politicians took and gave away to entitlements. You as a taxpayer should be furious at the politicians for giving OUR taxpayer money away instead of putting it towards what it was budgeted for. Don't be mad at retirees or municipal workers, we paid more than our share!!!!

Retired Guy

11/22/2014 09:14:00 PM


I don't thing the City would have much of a problem negotiating that 9% upwards to about 13% if it includes free health care and simple COLA for PO's regardless of birth date. 2% for health care and COLA, 2% goes to pensions. City matches the 2%. Remember it is pre-tax money so the whack on our take home isn't too bad.

11/23/2014 09:51:00 AM  
Anonymous Anonymous said...

I recall in old traffic court a judge with some stones threw dude out who was wearing an NWA t-shirt. When the judge asked him why he came to court dressed that way, dude answered with the universal "Huh?"

11/22/2014 09:57:00 AM

I just used to love making the statement, "Say HUH one more time and you go to jail" and, invariably, the response I would get was...."HUH?".

Always brightened up my day.

11/23/2014 09:56:00 AM  
Anonymous Anonymous said...

The Suprem court with alderman Burke's wife on it will give us a fair and impartial ruling. Wasn't his wife a part of the Chicago Catholic archdiocese directors who were in power when the now retiring Cardinal was covering up all the sexual abuse by priests assigned to the archdiocese?
I wonder who's side she is on with this? Her husband is/was a Chicago Police Officer for a while. He even got promoted while on a leave of absence! Think he will get a Police pension and aldermatic pension too? Not that he needs them.

11/23/2014 10:02:00 AM  
Anonymous Anonymous said...

Anonymous said...
The twit received her law degree from the University Of Chicago Law School.

11/22/2014 11:25:00 AM

Aside from the fact that obtaining a degree from anywhere has more to do with money and perseverance, there is always the old observation that in each graduating class, there is someone who finished 1st in their class and someone who finished last place in academic standing. They both get the same diploma to hang on their wall.

11/23/2014 10:03:00 AM  
Anonymous Anonymous said...

What's the big problem with you municipal workers paying part of your own pension like most of the private sector workers to? Taxpayers are leaving IL because of the high taxes. When the last of us has crossed the border you can tax your selves.

Um, dumbass, we already pay 9%. It's expected to go up to 12% at some point. We've never missed a payment......ever.....while Illinois has spent their share on stadiums, airports, fixed contracts, welfare handouts

Agreed. Please get informed before you make dumb ass comments. Been paying my fair share of my pension since day 1- never missed a contribution. Plus - I am a taxpayer in Illinois as well. Most private sector jobs don't have pensions - you pay into social security (which we don't get). So how about we eliminate social security for you and yours.

11/23/2014 10:15:00 AM  
Anonymous Anonymous said...

Anonymous said...
No matter what happens .our pension fund is so far underwater that it's just as bad as social security. For those who believe that you're getting a full pension. You better start planning for your financial future now before you get that rude awakening at retirement. ...and please don't sock everything into deferred comp....it's city controlled m..you will be taxed heavily on it get your money away from city control


You will be taxed heavily on deferred? Where did you come up with that? I was one of the lucky ones who didn't listen to all stories when deferred was first offered. The city will steal your money, dont trust the city. Instead I maxed out on deferred and am presently living very comforatably off my pension and deferred which is tax no more than any 401k or other retirement income.

11/23/2014 11:09:00 AM  
Anonymous Anonymous said...

SECTION 1. CONSTITUTIONAL CONVENTION
(a) Whenever three-fifths of the members elected to each
house of the General Assembly so direct, the question of
whether a Constitutional Convention should be called shall be
submitted to the electors at the general election next
occurring at least six months after such legislative
direction.
(b) If the question of whether a Convention should be
called is not submitted during any twenty-year period, the
Secretary of State shall submit such question at the general
election in the twentieth year following the last submission.
(c) The vote on whether to call a Convention shall be on
a separate ballot. A Convention shall be called if approved
by three-fifths of those voting on the question or a majority
of those voting in the election.

11/23/2014 06:39:00 PM  
Anonymous Anonymous said...

What's the big problem with you municipal workers paying part of your own pension like most of the private sector workers to? Taxpayers are leaving IL because of the high taxes. When the last of us has crossed the border you can tax your selves.

11/22/2014 10:22:00 AM


What planet are you living on? It's well known we pay 9% out of every check mandatorily. Educate yourself before you go spouting off.

11/23/2014 07:03:00 PM  
Anonymous Anonymous said...

You sir are a fool. When your deferred comp is distributed, it is taxed at whatever the current tax rate is. Not the tax rate when you accumulated it. Taxes go up. Not down .....and where is your deferred comp money. In the market. Fixed. An annuity? ?? If fixed you're actually losing money. If in market good luck recovering if 2008 happens again. Once you're 70 1/2 you have RMD . If you live a long prosperous retirement. Your deferred comp will eventually run out of money .... good luck

11/23/2014 09:34:00 PM  
Anonymous Anonymous said...

All CPD employees reading and posting, you all do realize, I trust, that the state law recently declared unconstitutional has nothing to do with City of Chicago Police or Fire pensions? Hello? Does everyone realize that? This is a sympathetic victory, if this stood up to a court challenge and the appeal to the SCOI then we could expect further laws coming from Springfield which do effect us. This law deals with State employees. However, Rahm is watching closely.

11/23/2014 10:11:00 PM  
Anonymous Anonymous said...

the city cant touch your 401k,its the law! well so was getting a pension.

11/24/2014 04:53:00 AM  
Anonymous Anonymous said...

Anonymous said...
The Suprem court with alderman Burke's wife on it will give us a fair and impartial ruling. Wasn't his wife a part of the Chicago Catholic archdiocese directors who were in power when the now retiring Cardinal was covering up all the sexual abuse by priests assigned to the archdiocese?
I wonder who's side she is on with this? Her husband is/was a Chicago Police Officer for a while. He even got promoted while on a leave of absence! Think he will get a Police pension and aldermatic pension too? Not that he needs them.

11/23/2014 10:02:00 AM

This is the same court that ruled a box of clothes in a basement constitutes residency.

11/24/2014 05:44:00 AM  
Blogger Barney Fife said...

Anonymous Anonymous said...
Anonymous Anonymous said...
What's the big problem with you municipal workers paying part of your own pension like most of the private sector workers to? Taxpayers are leaving IL because of the high taxes. When the last of us has crossed the border you can tax your selves.

HEY MORON, we do pay into our pensions, 9% of every pay check. We are also taxpayers...we paid taxes towards our pensions that the politicians took and gave away to entitlements. You as a taxpayer should be furious at the politicians for giving OUR taxpayer money away instead of putting it towards what it was budgeted for. Don't be mad at retirees or municipal workers, we paid more than our share!!!!

Retired Guy

11/22/2014 09:14:00 PM


I don't thing the City would have much of a problem negotiating that 9% upwards to about 13% if it includes free health care and simple COLA for PO's regardless of birth date. 2% for health care and COLA, 2% goes to pensions. City matches the 2%. Remember it is pre-tax money so the whack on our take home isn't too bad.

11/23/2014 09:51:00 AM

--

You guys better start thinking bigger. If they raised our contributions by 3% that would just be a drop in the bucket ... somewhere around $20M a year. That's nothing.

11/24/2014 07:09:00 AM  
Blogger KSR ksr said...

does anyone know if this covers the chicago laborers and municipal pensions?Please respond since nobody at the pension boards will.

11/24/2014 08:18:00 AM  
Anonymous Anonymous said...

Anonymous said...
Forgive me if I'm not remembering this correctly...but wasn't there an item on an election ballot a few years ago which would have allowed changes to the state constitution? Isn't it that they can only have that vote every 10 years? (I might be wrong) If so, isn't that vote only a few years away?

Maybe someone knows the answer to this...let's say it's put up to a vote again, and it passes where changes are allowed. Can the state then make changes to pensions owed to retirees and those presently employed, or would it only be allowed to make change to the pensions of future hires?

If this is up for a vote again, you can bet 'legislators' will be pushing hard for votes to allow changes. WeAreOne IL better start thinking ahead.

If anyone knows the answers to any of the above, can you please post them?

Please, no smart-a** comments. I already said I might be wrong. No haters!

11/23/2014 07:51:00 AM

2010 was the last year that a referendum was on the ballot to revisit/change the Il. Constitution.

This can only be put to vote every ten years.

It did not pass.

5 years from now it can be put to vote again

If passed, the entire constition is up for grabs, including pension issue guarantees.

Very costly and time consuming which is why it did not pass last time.

Vote no in 2020.



11/24/2014 09:14:00 AM  
Anonymous Anonymous said...

Why? Mike Madigan, that is why FOP endorsed Lisa. Father is friendly to police when it counts, police endorse daughter. It is as simple as that. Get over it.

11/23/2014 09:47:00 AM
Friendly to police when it counts? Are you rewriting history. He would not sponsor a pension bill to pay our widows a minimum each month of $400 unless the police backed his "Omnibus Pension Bill", which by the way gave allowed Daley to roll his city and county pensions into the state, gave our alderman generous pensions as well as the park board. In effect he held out widows hostage for his own political ends.

11/24/2014 09:55:00 AM  
Anonymous Anonymous said...

I just used to love making the statement, "Say HUH one more time and you go to jail" and, invariably, the response I would get was...."HUH?".

Always brightened up my day.

11/23/2014 09:56:00 AM
Used to be a robbery detective at Maxwell street who coined the phrase " The Double Huh". Try it it works. When you ask the dude a question and he responds with " Huh", just respond back with the work "Huh". The dude will then give you a real answer. Amazing.

11/24/2014 09:58:00 AM  
Anonymous Anonymous said...

Mike Madigan, the political chess grandmaster, did not place his step-daughter into the attorney-general spot so many years ago (2003 to be exact) because his step-daughter wanted a job. She's there so that he can pull some levers in the executive branch of government.

11/22/2014 07:39:00 AM
Yes, and the media and voters have supported her despite her failings. And, she will run for governor in the future.

11/24/2014 10:00:00 AM  
Anonymous Anonymous said...

Anonymous said...
Detroit police and fire pensions were not diminished as were other city pensions in the bankruptcy.

11/22/2014 08:57:00 AM
Not true, they were diminished but not to the extent of other pension funds. No cost of living and around 8% cut.

11/24/2014 10:02:00 AM  
Anonymous Anonymous said...

You sir are a fool. When your deferred comp is distributed, it is taxed at whatever the current tax rate is. Not the tax rate when you accumulated it. Taxes go up. Not down .....and where is your deferred comp money. In the market. Fixed. An annuity? ?? If fixed you're actually losing money. If in market good luck recovering if 2008 happens again. Once you're 70 1/2 you have RMD . If you live a long prosperous retirement. Your deferred comp will eventually run out of money .... good luck

11/23/2014 09:34:00 PM

Glad you know everything and are so positive. I on the other hand am a retiree who just turned 70 1/2 this year and will be getting my first RMD (put it off until December to collect more interest) and choose to take the minimum RMD which is 27 years. So for the next 27 years which will make me almost a hundred I will be collecting approximately $28,000 a year. I know its a shame I have to pay taxes on the money, but I knew that when I joined deferred.

11/24/2014 02:04:00 PM  
Anonymous Anonymous said...

Anonymous said...
The Suprem court with alderman Burke's wife on it will give us a fair and impartial ruling. Wasn't his wife a part of the Chicago Catholic archdiocese directors who were in power when the now retiring Cardinal was covering up all the sexual abuse by priests assigned to the archdiocese?
I wonder who's side she is on with this? Her husband is/was a Chicago Police Officer for a while. He even got promoted while on a leave of absence! Think he will get a Police pension and aldermatic pension too? Not that he needs them.

I think we know which way she will be going. Regarding the retirees health care she was the only dissenting justice and voted against the retirees health care.

http://capitolfax.com/2014/07/03/from-justice-burkes-dissent/

11/24/2014 02:10:00 PM  
Anonymous Anonymous said...

Anonymous Anonymous said...
What's the big problem with you municipal workers paying part of your own pension like most of the private sector workers to? Taxpayers are leaving IL because of the high taxes. When the last of us has crossed the border you can tax your selves.

HEY MORON, we do pay into our pensions, 9% of every pay check. We are also taxpayers...we paid taxes towards our pensions that the politicians took and gave away to entitlements. You as a taxpayer should be furious at the politicians for giving OUR taxpayer money away instead of putting it towards what it was budgeted for. Don't be mad at retirees or municipal workers, we paid more than our share!!!!

Retired Guy

11/22/2014 09:14:00 PM


I don't thing the City would have much of a problem negotiating that 9% upwards to about 13% if it includes free health care and simple COLA for PO's regardless of birth date. 2% for health care and COLA, 2% goes to pensions. City matches the 2%. Remember it is pre-tax money so the whack on our take home isn't too bad.

That will never happen. The city only wants CPD to pay the 13% to correct the city past mistakes of not paying into the pension. They don't want to pay the matching 2%.
No way currect CPD should have to increase their contributions to make up for the city shortcomings. Let SB3538 take effect next year and correct the pension problem over the next 25 years.
Currect CPD pay 5% state tax, 1 1/2 % medicare, 9% into pension, up to 25% in fed tax, health insurance and you want them to increas the pension contribution to 13%. Half their check will be gone.
I to am retired, but let the city correct their mistakes and not place the burden on the police officers.

11/24/2014 02:19:00 PM  
Anonymous Anonymous said...

The end game is pretty simple:


It's going to be easier to change the Constitution than to pay all the pensions that have been promised.

11/25/2014 07:48:00 PM  

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