scc, why so silent on our new governor? he literally said in the past few days he is declaring war on labor and organized unions and pensions. I know most on this blog were pushing for him to get elected... now, crickets. I guess we will see how far he jams it up our behind, because he will.. dont even doubt that for a second.
To those of you that live within your means and didn't depend on or spend this money before the check came enjoy. For those of you that voted for the contract just based on the fact you'd get a retro check that you blow on nonsense piss off.
Harley dealers, TV stores and truck dealers have announced that they will be open non stop and will not close until every last penny of retro is deposited into their bottom lines. Extra CPD chaplains and crisis staff will be available starting Monday to counsel distraught CPD families who are unable to pay the mortgage, taxes or kids tuition since daddy went wild over the weekend.
Finally we get the money owed! Wonder how much many will be shorted with the "new math"? Will rahm fund the pensions, maybe the firefighters since they or make that the lapdog union heads endorsed him! Watch the video and what rahm says about firefighters pensions, they watch in the same video his detail blowing red light cameras at the intersection watch man on curb as they speed through intersection, dangerous driving perhaps? "Go speed racer go?" But rahm says "even though I'm not driving I pay the tickets" when you have people paying you millions in campaign contributions I guess running the lights is ok as long as you pay! "You have to make the law and then break the law it makes it more fun!"
alright, rahm waited until the last minute,wonder then if we don't pay our property tax bills on time can we do it "causally" you know like when we feel like it?
The ultimate asshole, that Rahm is. We should have been able to sign for our checks at our units of assignment. Have the dist. secretaries do something for once and hand out the retro-checks when we sign for it. Now I have to navigate traffic, probably pay for parking, cause God knows I don't have one of those "double disability" placards to get out of paying for "Laz" meter parking.
It's about time. Sad we had to learn this from the Dept and not the FLOP. It's right on time for my credit card bill. I spent my retro that 5-frank calculator said i would get back. I bought new Carhart gear, a thigh holster for when i get on Tact, also got a sweet deal on a scope for my rifle i'll never use.
FYI Brothers and Sisters, the retro is insignificant compared to the pension fund and the looming problems. Rahm hasn't put one cent over the statutory minimum nor has he made any budgetary preparations to make the actuarial required payment due this year as required by law.
I took a look this morning at the last financial statement available for the PABF, our pension fund.
Our pension fund is funded at 32% presently.
At that level the sirens should be screaming and the General Quarters klaxon horn should be blaring. For years everyone has taken this as another problem, oh well, someone will do something.
THIS IS A DIRE EMERGENCY!
I cannot stress how important this is. Does everyone want or expect a pension check when they retire? Is retirement more than ten years away? Then on the present course there will be NO pension fund when you get ready to retire.
And now I am hearing fucking Obama on the radio telling everyone how good Rahm is good for Chicago. BULLSHIT.
Forget everything else. Pensions are everything, nothing else matters. If that goes belly up you might as well figure you will get nothing upon retirement, not even social security. The police will have to start stealing again just to save for retirement.
No joke, this is a real big problem and not enough is being done. Our union should be in talks right NOW on increasing our percentage of contributions from 9% to 13% at least. That is just to stave off insolvency.
Back when I had ten years on our pension fund was funded at the high 70's% level. We thought it would only get better. Then Daley tried to gain control over the funds, Miriam Santos stopped him, she was setup and went to prison and things went down.
And now Rahm Emanuel has this new wunderboy appointed City Treasurer putting our pension money in highly risky derivatives. He is running for City Treasurer unnopposed by the way.
Remember 2007 - 2008? Remember what derivatives did to the economy? The same can happen to our pension fund. One bad move and poof, it can all be gone in a day. That's our pension money!
Forget retro, forget super bowl. Learn about this and maybe losing sleep will spur coppers into some type of action.
We live in an age and time where the government can do whatever they want. They can make up the rules as they go for their benefit as they please. Our pension is fucked and we are fucked. Plus health care costs will only go up and we will be mandated to do as Uncle Sam says. That is the reality. The writing is on the wall.
Forgot about retro. Nearly crapped when some1 reminded me. My Roth Contribution is done for 2015 already. In the immortal words of the great poet, can't think of his name. Blake? Wordsworth? Frost? Dylan? No, I got it now. I've Cube. "Today was a good day !"
I already cashed my check! I just stuffed my face at the Golden Corral. Now, I'm headed to All Stars in McCook for some High Lifes and heavy grinding! Forward at the half step, my friends!
((((())))))))))))))) So I can tell my wife I got 3125.14 when in reality I got 5934.76. Ya see the game here sonny? Some for her and some for me.. See, if you tell the wife the full amount she gets big ideas how to spend it all.. So go ahead honey, spend the 3100 because the rest of it unbenounced to you will be somewhere safe with me for toys
I wish I cared more about the pension crisis, but I honestly don't give a sh!t at this point in my 10 year career (now start typing up your 5,000 word manifesto on why I'm a f@#$ing retard, a 2 year wonder, drinking the kool-aid, or whatever else). But the truth is….Ive got at least another 10 years to worry and lose sleep over pension and retirement issues and at this point in my life/career, Im more worried about the welfare and safety of my wife and kids, not about how I'm gonna support myself for retirement. (before you start on me not caring about my wife...the wife works and will have her own retirement money). I put as much as my family can afford at this time into deferred comp and know that one day I might actually live long enough to retire, but at this point, I just can't put that much concern into this whole pension crisis. Trust me, I work with a handful of coppers who are on their way out and I hear their worries and concerns about the pension day in and day out. I understand their worries and concerns, and get constant flack about why I'm not as concerned as them. But they can't comprehend why I'm not concerned at this time. Id like to ask a few of these Mercedes/BMW/Escalade driving coppers why they're so concerned about the pension and not concerned about the safety of their kids after getting sent to Morgan Park High School because their parents won't pay high school tuition, or concerned about their kids smoking weed and getting arrested all the time. But I don't ask those questions because I don't care about them either. My point isn't that I'm a good parent or not or that certain coppers aren't, my point Im trying to make is that Im not losing my mind worrying about the pension crisis at this stage in the life of my family and a lot of cops just can't fathom why I'm not too concerned. Now eat me alive in the comments…….
I hope the patrolmen are happy with their four hundred new cars and 30 pieces of silver, it's all most of you will ever see. You and your sell-out union representatives didn't have the balls to address the 30% of promotions to sergeant stolen from you and given to the mental defectives that account for nearly all of the exempt members. That's a real raise. Pensionable, too. Look to NYPD and grow a set. When will you ever learn.
Anonymous said... scc, why so silent on our new governor? he literally said in the past few days he is declaring war on labor and organized unions and pensions. I know most on this blog were pushing for him to get elected... now, crickets. I guess we will see how far he jams it up our behind, because he will.. dont even doubt that for a second.
1/30/2015 12:23:00 AM
---------------------------
I mentioned this earlier... he will be responsible for shaking things up... he is such a RINO
What about those coppers in a no pay status as of late. They still earned the retro and should be entitled to every penny. It's a contractual issue, not an administrative one. How about this FOP. Sounds like grounds for a lawsuit.
You complain that the pension is grossly underfunded. ..you're correct , it is. But look at the clouted and the politicians who received 2 or 3 full pensions. Pensions are funded by taxpayers and I know the taxpayers haven't missed a payment. Aldermen get a full pension for 8 yrs of part time work.. what is Jody weis' pension for 3 yrs?? What will Grau's and schmitz's second pension be for 3 or 4 yrs as head of ISP. Look at the president buyout of college of DuPage. The list goes on. That's why our pension is short.
With all the bitching and the moaning going on about the retro and our pension I wonder how many of us will, (or have) put any of that money into deferred comp, or any retirement account?
Relying on your pension to be your only source of income is a bad move.
Now that the (overdo) retro is out, a simple suggestion/request.
I believe that when SCC runs a post of information with the theme of compassion (i.e. police members injured on duty, police vehicle crashes,heroic actions, sick/afflicted members, St. Baldricks etc) we limit our responses under that site to that particular topic. It disheartens me to see unrelated off topic (OT) remarks under these specific posts. I realize that there sometimes needs to be a time and place for some non-covered (OT) topics. I'm merely asking that we more closely consider the 'place' where we post out of respect to the topic, individual(s) SCC wished to honor, award or merely inform of a collective need for support or prayers. (My 2 cents.) Thanks...Stay Safe!
No joke, this is a real big problem and not enough is being done. Our union should be in talks right NOW on increasing our percentage of contributions from 9% to 13% at least. That is just to stave off insolvency.
No way. Why should we increase our contributions for a problem the city created? Don't panic, SB3538 will cover the funds even if they have to increase property taxes where all the citizens of Chicago share the burden. Maybe then they will see what the politicians got them into. If we increase our contributions, then the city should increase theirs. Also as far as the money being due in 2015, its not due until 2016 because the property tax are paid the follwing year. If you worked for private industry and they were supposed to match your IRA funds and didn't, do you think the answer and remedy would be to increase you contributions almost 50% to solve the problem. Absolutely not.
((((())))))))))))))) So I can tell my wife I got 3125.14 when in reality I got 5934.76. Ya see the game here sonny? Some for her and some for me.. See, if you tell the wife the full amount she gets big ideas how to spend it all.. So go ahead honey, spend the 3100 because the rest of it unbenounced to you will be somewhere safe with me for toys
Good thinking. Instead of all the complaining and whining, put a good spin on it. I like your thinking.
With all the bitching and the moaning going on about the retro and our pension I wonder how many of us will, (or have) put any of that money into deferred comp, or any retirement account?
Relying on your pension to be your only source of income is a bad move.
1/31/2015 08:08:00 AM true that is why before I got my retro, sat down with deferred comp lady (really knew her stuff) told me to put $6,000 in deferred did what she said recived $3100 paid small amount of taxes, some guys in my district paid 30-40% in taxes which as we all know you wont get much if any back from fed! max out or put as much as you can in comp the only hedge we have! Im retiring in Oct have over $500,000 deferred (Not bragging just a fact) Start early the years pass so fast, i worked lots of special and part time to put my 3 kids through private grade and high schools paid almost all of their college off!
You want to have a good family life? GO HOME after work enjoy the family,if your passing money over the bar your taking from your family not a hard concept!Wife works also makes 1/3 of my salary!
I wish I cared more about the pension crisis, but I honestly don't give a sh!t at this point in my 10 year career (now start typing up your 5,000 word manifesto on why I'm a f@#$ing retard, a 2 year wonder, drinking the kool-aid, or whatever else). But the truth is….Ive got at least another 10 years to worry and lose sleep over pension and retirement issues and at this point in my life/career, Im more worried about the welfare and safety of my wife and kids, not about how I'm gonna support myself for retirement. (before you start on me not caring about my wife...the wife works and will have her own retirement money). I put as much as my family can afford at this time into deferred comp and know that one day I might actually live long enough to retire, but at this point, I just can't put that much concern into this whole pension crisis. Trust me, I work with a handful of coppers who are on their way out and I hear their worries and concerns about the pension day in and day out. I understand their worries and concerns, and get constant flack about why I'm not as concerned as them. But they can't comprehend why I'm not concerned at this time. Id like to ask a few of these Mercedes/BMW/Escalade driving coppers why they're so concerned about the pension and not concerned about the safety of their kids after getting sent to Morgan Park High School because their parents won't pay high school tuition, or concerned about their kids smoking weed and getting arrested all the time. But I don't ask those questions because I don't care about them either. My point isn't that I'm a good parent or not or that certain coppers aren't, my point Im trying to make is that Im not losing my mind worrying about the pension crisis at this stage in the life of my family and a lot of cops just can't fathom why I'm not too concerned. Now eat me alive in the comments……. XXXXXXXXXXXXXXXXXXXX Please go to the 14th district/ 3rd watch and wear a body camera with them. You deserve it. Start caring about others and help solve any number of problems that you mentioned. Your attitude of not caring also tells me that you don't know who any number of your elected officials are, thus giving the upper hand to corruption. Your important to solve the pension problem! Make a few dozen phone calls and go on a few marches, you would then understand the importance of union involvement. Start caring.
I hope the patrolmen are happy with their four hundred new cars and 30 pieces of silver, it's all most of you will ever see............... 1/31/2015 02:19:00 AM
VRI money is the correct 30 pieces of analogy. The car stuff in the contract was just idiotic.
I hear the Mayor has plans to put the computers in the next contract. You will fall for it again.
The reason why so much taxes are taken out of the retro, is because the savages you arrest need drinking, drug, and smoking money. It's a stressful life to wake up past noon, smoke a blunt, and decide who to rob, beat, and rape. Remember, Trayvon and Michael "could of been his sons".
Anonymous Anonymous said... No joke, this is a real big problem and not enough is being done. Our union should be in talks right NOW on increasing our percentage of contributions from 9% to 13% at least. That is just to stave off insolvency.
No way. Why should we increase our contributions for a problem the city created? Don't panic, SB3538 will cover the funds even if they have to increase property taxes where all the citizens of Chicago share the burden. Maybe then they will see what the politicians got them into. If we increase our contributions, then the city should increase theirs. Also as far as the money being due in 2015, its not due until 2016 because the property tax are paid the follwing year. If you worked for private industry and they were supposed to match your IRA funds and didn't, do you think the answer and remedy would be to increase you contributions almost 50% to solve the problem. Absolutely not.
1/31/2015 10:15:00 AM
Typical copper answer. There is the world we live in and the reality that is in front of us and then there is what should have been, that is over, mistakes made years ago compounded, no one did much. Now is crisis time. Sit there and keep saying "Absolutely not" and hold your breath why don't you. I am figuring that the city matched the contribution increase.
"Absolutely not" The fund is at 32% It "Absolutely" should "not" be at 32% but IT IS!
So I can tell my wife I got 3125.14 when in reality I got 5934.76. Ya see the game here sonny? Some for her and some for me.. See, if you tell the wife the full amount she gets big ideas how to spend it all.. So go ahead honey, spend the 3100 because the rest of it unbenounced to you will be somewhere safe with me for toys
Good thinking. Instead of all the complaining and whining, put a good spin on it. I like your thinking.
Anonymous said... Good so everyone can stop crying like welfare rats
1/30/2015 01:26:00 AM
Impossible. We are so unlike them. Just ask my new privates that are mad because they were "supposed to be" promoted months ago. I worked in social service before and my liberal white boss lady trained me how to tell people "your are entitled to these benefits." That is American culture these days. Tell who don't feel entitled to something..seriously.
Are you fucking kidding me. $500,000 in deferred comp, put three kids thru private grade and high school plus paid off three college tuitions on a policeman's salary. Paying a mortgage, putting clothes on your family, feeding your family, car, gas, insurance, etc. Either your lying, wife worked or you found shoe boxes filled with money.
I hope the patrolmen are happy with their four hundred new cars and 30 pieces of silver, it's all most of you will ever see............... 1/31/2015 02:19:00 AM
Start w/Deferred as early as U can. Contribute as much as U can especially if U don't have Wife & Kids. Max that out if ya can. $18,500 is the max this, but don't quote me. I've been maxed since almost the beginning of 2006 and holy shit does it grow and in no X U won't miss the $$$$ contributed. Uncle Sam has his hands tied as U'r check drops. U'r deferred contribution is taken out FIRST, then Uncle Sam takes what's his. Please, younger POs that's the way to play it & how Def Comp works. Start a "Watch List" available on any MSN, Yahoo, or Google news finance category, throw in the funds or single securities for that matter, and make an educated decision on where U'r money is allocated. Those of U that have a Roth or individual acct already know about the "Watch List." Please help urself out & call Nationwide to put in as much as possible given U'r situation. U'r body is on borrowed X & U won't want to run & gun U'r entire career. Money's best friend is time so use U'r youth to U'r advantage.
I wish I cared more about the pension crisis, but I honestly don't give a sh!t at this point in my 10 year career (now start typing up your 5,000 word manifesto on why I'm a f@#$ing retard, a 2 year wonder, drinking the kool-aid, or whatever else). But the truth is….Ive got at least another 10 years to worry and lose sleep over pension and retirement issues and at this point in my life/career, Im more worried about the welfare and safety of my wife and kids, not about how I'm gonna support myself for retirement. (before you start on me not caring about my wife...the wife works and will have her own retirement money). I put as much as my family can afford at this time into deferred comp and know that one day I might actually live long enough to retire, but at this point, I just can't put that much concern into this whole pension crisis. Trust me, I work with a handful of coppers who are on their way out and I hear their worries and concerns about the pension day in and day out. I understand their worries and concerns, and get constant flack about why I'm not as concerned as them. But they can't comprehend why I'm not concerned at this time. Id like to ask a few of these Mercedes/BMW/Escalade driving coppers why they're so concerned about the pension and not concerned about the safety of their kids after getting sent to Morgan Park High School because their parents won't pay high school tuition, or concerned about their kids smoking weed and getting arrested all the time. But I don't ask those questions because I don't care about them either. My point isn't that I'm a good parent or not or that certain coppers aren't, my point Im trying to make is that Im not losing my mind worrying about the pension crisis at this stage in the life of my family and a lot of cops just can't fathom why I'm not too concerned. Now eat me alive in the comments…….
1/31/2015 02:04:00 AM"
You wasted all that time typing up something you could have said in 1 sentence.
"F all you guy's and gals I only care about me, my wife and kids."
Guess what there slick? We don't give a flying rat's ass about you, your crotchety bag of a wife and 2 asshole kids."
1055 am. Your lucky your not my husband, I'd take that entire check and leave you with the stub. Seriously if your hiding money from your wife, you really need to look at your marriage. Signed Thank Sweet Baby Jesus you aren't my man!!!
So I can tell my wife I got 3125.14 when in reality I got 5934.76. Ya see the game here sonny? Some for her and some for me.. See, if you tell the wife the full amount she gets big ideas how to spend it all.. So go ahead honey, spend the 3100 because the rest of it unbenounced to you will be somewhere safe with me for toys
Good thinking. Instead of all the complaining and whining, put a good spin on it. I like your thinking.
1/31/2015 10:55:00 AM
What the hell is an 'unbenounced'?
Too funny... I think they meant to write unbeknownst. He made his point.
No joke, this is a real big problem and not enough is being done. Our union should be in talks right NOW on increasing our percentage of contributions from 9% to 13% at least. That is just to stave off insolvency.
No way. Why should we increase our contributions for a problem the city created? Don't panic, SB3538 will cover the funds even if they have to increase property taxes where all the citizens of Chicago share the burden. Maybe then they will see what the politicians got them into. If we increase our contributions, then the city should increase theirs. Also as far as the money being due in 2015, its not due until 2016 because the property tax are paid the follwing year. If you worked for private industry and they were supposed to match your IRA funds and didn't, do you think the answer and remedy would be to increase you contributions almost 50% to solve the problem. Absolutely not.
1/31/2015 10:15:00 AM
Typical copper answer. There is the world we live in and the reality that is in front of us and then there is what should have been, that is over, mistakes made years ago compounded, no one did much. Now is crisis time. Sit there and keep saying "Absolutely not" and hold your breath why don't you. I am figuring that the city matched the contribution increase.
"Absolutely not" The fund is at 32% It "Absolutely" should "not" be at 32% but IT IS!
You guys are dreamers. Lookk back in the citys history. Everytime there was a tax increase or increased fines that were supposed to be to solve a financial problem, the taxes were increased and the problem was never eliminated. All the city will do is increase your contribution, but wont increase theirs. Dont be naive CPS increases their property tax levies to the max and have for decades and has the school system gotten better. No. State raised state income tax to 5% for 3 years to improve state finances, they have only gotten worse. Give a politician money and he will spent it, but never on what it was intended for. So go ahead and be a follower and agree to an increase and see what happens.
I know what some young Coppers spent their retro on-4 wheeler ATV's/Gators.And they put plows on them.Thanks to the guys in the neighborhood for helping out during this snow.Well appreciated. Old Retired Dino.
Anonymous said... 1055 am. Your lucky your not my husband, I'd take that entire check and leave you with the stub. Seriously if your hiding money from your wife, you really need to look at your marriage. Signed Thank Sweet Baby Jesus you aren't my man!!!
2/01/2015 02:00:00 AM
I think there are a whole lotta men saying Sweet Baby Jesus I'm sure glad I'm not her man.
I agree, but keep in mind a few things.When you decide to take that $ out, figure at least 20% goes to the feds now.Take out 10K, get less than 8K back.For the amount of $ we put in, there is absolutely no direction from Nationwide.You are on your own.Oh yeah,I realize they run a seminar or 2 during the year,which is usually dated info.Seriously think of putting that $ into a fund with someone like an Edward Jones agent.They stay on top of your $ and where it's invested, and they only make $ if you do.Wish I had started with them long ago, and shit canned Deferred.
to the unpublished - what post? You're going to have to point it out....we get hundreds of comments a day. give us a post and a date and we'll look into it. we haven't received an email about it.
95 Comments:
scc, why so silent on our new governor? he literally said in the past few days he is declaring war on labor and organized unions and pensions. I know most on this blog were pushing for him to get elected... now, crickets. I guess we will see how far he jams it up our behind, because he will.. dont even doubt that for a second.
To those of you that live within your means and didn't depend on or spend this money before the check came enjoy. For those of you that voted for the contract just based on the fact you'd get a retro check that you blow on nonsense piss off.
...Now postrate yourselves before Rahm al-Ghoul in gratitude for letting you have the money that was yours in the first place...
The war against The Police continues...
I called Rahm yesterday and said "this shit has got to stop! Give my members their retro NOW, buster! Or else!
See how I fight for youse guys?
Good so everyone can stop crying like welfare rats
Life is semi-good
I'm giving mine to rhammies campaign so he can take my pension away.
I'll believe it when I actually see the check.
Anyone know how wrong the retro calculator will be. I'm guessing its probably $500 wrong for the worse ?
short term gain, long term loss.
Harley dealers, TV stores and truck dealers have announced that they will be open non stop and will not close until every last penny of retro is deposited into their bottom lines.
Extra CPD chaplains and crisis staff will be available starting Monday to counsel distraught CPD families who are unable to pay the mortgage, taxes or kids tuition since daddy went wild over the weekend.
enjoy your bloodmoney!
Boycott Ben and Jerry's there a bunch of liberal police haters.
Keep the change you filthy animal.
Why no direct deposit????
I told you guys that big changes were coming this Friday.
Now I can afford the penicillin i need after getting f$&@ed by Rham and Dean
What about the retirees?
Hooray!!!
It's, hair, nails, and manscape time.
I am going to look so pretty when I'm done.
Now, kees me you fool!!!!
Finally we get the money owed! Wonder how much many will be shorted with the "new math"? Will rahm fund the pensions, maybe the firefighters since they or make that the lapdog union heads endorsed him! Watch the video and what rahm says about firefighters pensions, they watch in the same video his detail blowing red light cameras at the intersection watch man on curb as they speed through intersection, dangerous driving perhaps?
"Go speed racer go?" But rahm says "even though I'm not driving I pay the tickets" when you have people paying you millions in campaign contributions I guess running the lights is ok as long as you pay! "You have to make the law and then break the law it makes it more fun!"
http://chicagotonight.wttw.com/2015/01/29/checking-mayoral-race
Nice... I can use it to buy more hair gel.
Thank god.Tired of hearing all the bitching and moaning.
Anyone physically get their retro in hand?
Enjoy your retro officers, its been a long time coming!
-Sgt
I Imagine there will be at least a dozen new cars at in the parking lot at work tonight...
I love how they also have to wait till the last minute to give us are W2's as well. Everyone else I know received them 2 weeks ago.
how much was your retro?
Early April Fools joke, right?
alright, rahm waited until the last minute,wonder then if we don't pay our property tax bills on time can we do it "causally" you know like when we feel like it?
(OT) Union guys that endorsed rahm at the construction site! secret video!
https://www.youtube.com/watch?v=sS55zq6Hz8A
Excellent. The time is ripe to end all this petty infighting on SCC, get behind Our Mayor and Our FOP, and sign up for more VRI.
The ultimate asshole, that Rahm is. We should have been able to sign for our checks at our units of assignment. Have the dist. secretaries do something for once and hand out the retro-checks when we sign for it. Now I have to navigate traffic, probably pay for parking, cause God knows I don't have one of those "double disability" placards to get out of paying for "Laz" meter parking.
It's about time. Sad we had to learn this from the Dept and not the FLOP. It's right on time for my credit card bill. I spent my retro that 5-frank calculator said i would get back. I bought new Carhart gear, a thigh holster for when i get on Tact, also got a sweet deal on a scope for my rifle i'll never use.
FYI Brothers and Sisters, the retro is insignificant compared to the pension fund and the looming problems. Rahm hasn't put one cent over the statutory minimum nor has he made any budgetary preparations to make the actuarial required payment due this year as required by law.
I took a look this morning at the last financial statement available for the PABF, our pension fund.
Our pension fund is funded at 32% presently.
At that level the sirens should be screaming and the General Quarters klaxon horn should be blaring. For years everyone has taken this as another problem, oh well, someone will do something.
THIS IS A DIRE EMERGENCY!
I cannot stress how important this is. Does everyone want or expect a pension check when they retire? Is retirement more than ten years away? Then on the present course there will be NO pension fund when you get ready to retire.
And now I am hearing fucking Obama on the radio telling everyone how good Rahm is good for Chicago. BULLSHIT.
Forget everything else. Pensions are everything, nothing else matters. If that goes belly up you might as well figure you will get nothing upon retirement, not even social security. The police will have to start stealing again just to save for retirement.
No joke, this is a real big problem and not enough is being done. Our union should be in talks right NOW on increasing our percentage of contributions from 9% to 13% at least. That is just to stave off insolvency.
Back when I had ten years on our pension fund was funded at the high 70's% level. We thought it would only get better. Then Daley tried to gain control over the funds, Miriam Santos stopped him, she was setup and went to prison and things went down.
And now Rahm Emanuel has this new wunderboy appointed City Treasurer putting our pension money in highly risky derivatives. He is running for City Treasurer unnopposed by the way.
Remember 2007 - 2008? Remember what derivatives did to the economy? The same can happen to our pension fund. One bad move and poof, it can all be gone in a day. That's our pension money!
Forget retro, forget super bowl. Learn about this and maybe losing sleep will spur coppers into some type of action.
I'll spend mine on booze, whores, and gambling. Just like the Roman soldiers spent their hard earned monies.
We live in an age and time where the government can do whatever they want. They can make up the rules as they go for their benefit as they please. Our pension is fucked and we are fucked. Plus health care costs will only go up and we will be mandated to do as Uncle Sam says. That is the reality. The writing is on the wall.
whoooooooo. I got mines!! retiring in 8 months, got my check thats all I need. Darn right I voted yes for the contract!!!
And the local car dealers are prepping for the onslaught.
What happened to the comments?
Fop website retro questions. wonder how many checks were issued and were short?
http://www.chicagofop.org/department-of-finance-2015-f-o-p-retro-faqs/
Are u on a bender with your moola?
Forgot about retro. Nearly crapped when some1 reminded me. My Roth Contribution is done for 2015 already. In the immortal words of the great poet, can't think of his name. Blake? Wordsworth? Frost? Dylan? No, I got it now. I've Cube.
"Today was a good day !"
Stopping by the district and then straight to da riverboats!
I already cashed my check! I just stuffed my face at the Golden Corral. Now, I'm headed to All Stars in McCook for some High Lifes and heavy grinding! Forward at the half step, my friends!
Thanks Mike Shields....my check is short a couple grand.....arrogant douche.
Wow, thanks RAHM for giving me my families money you held onto with your grubby four finger hand.
Don't worry i'm driving each of my 5 family member to vote early against you!
DR Dean you best decide who the FOP is endorsing too.
Or I'll put my cash on the clouted kid in 018(hates watch selections???) who hates your guts!
Still voting Rham out!!!
why didn't we get a break down of the monies. something seems fishy..awfully low
No comments approved.
No Saturday posts.
I hope everything is OK.
>Knock-Knock!<
Psst!
Hey... SCC...
Ring the westside door bell so we'll know you're ok.
😏
"Woo-OOH-ooh-OOH-oooooh..."
(The Good. The Bad and The Ugly)
...Or maybe "The Big. The Hairy and The Scary."
Same day as property tax bill
Coincidence I think not!
Why no direct deposit????
1/30/2015 07:57:00 AM
((((()))))))))))))))
So I can tell my wife I got 3125.14 when in reality I got 5934.76. Ya see the game here sonny? Some for her and some for me.. See, if you tell the wife the full amount she gets big ideas how to spend it all.. So go ahead honey, spend the 3100 because the rest of it unbenounced to you will be somewhere safe with me for toys
Oh yeah! I'm taking the family to the Dells! Thanks FOP!
To: 1/30/2015 02:26:00 PM
I wish I cared more about the pension crisis, but I honestly don't give a sh!t at this point in my 10 year career (now start typing up your 5,000 word manifesto on why I'm a f@#$ing retard, a 2 year wonder, drinking the kool-aid, or whatever else). But the truth is….Ive got at least another 10 years to worry and lose sleep over pension and retirement issues and at this point in my life/career, Im more worried about the welfare and safety of my wife and kids, not about how I'm gonna support myself for retirement. (before you start on me not caring about my wife...the wife works and will have her own retirement money). I put as much as my family can afford at this time into deferred comp and know that one day I might actually live long enough to retire, but at this point, I just can't put that much concern into this whole pension crisis. Trust me, I work with a handful of coppers who are on their way out and I hear their worries and concerns about the pension day in and day out. I understand their worries and concerns, and get constant flack about why I'm not as concerned as them. But they can't comprehend why I'm not concerned at this time. Id like to ask a few of these Mercedes/BMW/Escalade driving coppers why they're so concerned about the pension and not concerned about the safety of their kids after getting sent to Morgan Park High School because their parents won't pay high school tuition, or concerned about their kids smoking weed and getting arrested all the time. But I don't ask those questions because I don't care about them either. My point isn't that I'm a good parent or not or that certain coppers aren't, my point Im trying to make is that Im not losing my mind worrying about the pension crisis at this stage in the life of my family and a lot of cops just can't fathom why I'm not too concerned. Now eat me alive in the comments…….
I hope the patrolmen are happy with their four hundred new cars and 30 pieces of silver, it's all most of you will ever see. You and your sell-out union representatives didn't have the balls to address the 30% of promotions to sergeant stolen from you and given to the mental defectives that account for nearly all of the exempt members. That's a real raise. Pensionable, too. Look to NYPD and grow a set. When will you ever learn.
Anonymous said...
scc, why so silent on our new governor? he literally said in the past few days he is declaring war on labor and organized unions and pensions. I know most on this blog were pushing for him to get elected... now, crickets. I guess we will see how far he jams it up our behind, because he will.. dont even doubt that for a second.
1/30/2015 12:23:00 AM
---------------------------
I mentioned this earlier... he will be responsible for shaking things up... he is such a RINO
What about those coppers in a no pay status as of late. They still earned the retro and should be entitled to every penny. It's a contractual issue, not an administrative one. How about this FOP. Sounds like grounds for a lawsuit.
Its Election Time THATS WHY we finally got our damn checks
"Boycott Ben and Jerry's there a bunch of liberal police haters.
1/30/2015 07:40:00 AM"
Very true! Have been for years. Won't allow that shit in my house.
Retro ? Awesome! Now I could go buy a really good pickle.
short term gain, long term loss.
1/30/2015 06:22:00 AM
You are EVEN now. This was your money he had all this time, don't you get that?
You complain that the pension is grossly underfunded. ..you're correct , it is. But look at the clouted and the politicians who received 2 or 3 full pensions. Pensions are funded by taxpayers and I know the taxpayers haven't missed a payment. Aldermen get a full pension for 8 yrs of part time work.. what is Jody weis' pension for 3 yrs?? What will Grau's and schmitz's second pension be for 3 or 4 yrs as head of ISP. Look at the president buyout of college of DuPage. The list goes on. That's why our pension is short.
What's with all the taxes? I nearly cleared $11,000.
Cooter said. And that was the cost of selling you soul
With all the bitching and the moaning going on about the retro and our pension I wonder how many of us will, (or have) put any of that money into deferred comp, or any retirement account?
Relying on your pension to be your only source of income is a bad move.
Now that the (overdo) retro is out, a simple suggestion/request.
I believe that when SCC runs a post of information with the theme of compassion (i.e. police members injured on duty, police vehicle crashes,heroic actions, sick/afflicted members, St. Baldricks etc) we limit our responses under that site to that particular topic.
It disheartens me to see unrelated off topic (OT) remarks under these specific posts.
I realize that there sometimes needs to be a time and place for some non-covered (OT) topics. I'm merely asking that we more closely consider the 'place' where we post out of respect to the topic, individual(s) SCC wished to honor, award or merely inform of a collective need for support or prayers. (My 2 cents.)
Thanks...Stay Safe!
You would have thought people would lose their retro checks if they didn't get them b Friday afternoon. Looked like a welfare line.
No joke, this is a real big problem and not enough is being done. Our union should be in talks right NOW on increasing our percentage of contributions from 9% to 13% at least. That is just to stave off insolvency.
No way. Why should we increase our contributions for a problem the city created? Don't panic, SB3538 will cover the funds even if they have to increase property taxes where all the citizens of Chicago share the burden. Maybe then they will see what the politicians got them into. If we increase our contributions, then the city should increase theirs.
Also as far as the money being due in 2015, its not due until 2016 because the property tax are paid the follwing year.
If you worked for private industry and they were supposed to match your IRA funds and didn't, do you think the answer and remedy would be to increase you contributions almost 50% to solve the problem. Absolutely not.
The members being bribed with their own money......
Anonymous said...
why didn't we get a break down of the monies. something seems fishy..awfully low
1/30/2015 11:57:00 PM
---------------------
I was thinking the same thing... I'm still missing about $1200 thanks to Shields' screw up as well.
Anonymous said...
What's with all the taxes? I nearly cleared $11,000.
1/31/2015 07:15:00 AM
25% federal,5% state, 9% pension
Does that help explain it. City takes out the same rate for everyone so you don't get stuck next year at tax time.
Why no direct deposit????
1/30/2015 07:57:00 AM
((((()))))))))))))))
So I can tell my wife I got 3125.14 when in reality I got 5934.76. Ya see the game here sonny? Some for her and some for me.. See, if you tell the wife the full amount she gets big ideas how to spend it all.. So go ahead honey, spend the 3100 because the rest of it unbenounced to you will be somewhere safe with me for toys
Good thinking. Instead of all the complaining and whining, put a good spin on it. I like your thinking.
Anonymous said...
With all the bitching and the moaning going on about the retro and our pension I wonder how many of us will, (or have) put any of that money into deferred comp, or any retirement account?
Relying on your pension to be your only source of income is a bad move.
1/31/2015 08:08:00 AM
true that is why before I got my retro, sat down with deferred comp lady (really knew her stuff) told me to put $6,000 in deferred did what she said recived $3100 paid small amount of taxes, some guys in my district paid 30-40% in taxes which as we all know you wont get much if any back from fed! max out or put as much as you can in comp the only hedge we have! Im retiring in Oct have over $500,000 deferred (Not bragging just a fact) Start early the years pass so fast, i worked lots of special and part time to put my 3 kids through private grade and high schools paid almost all of their college off!
You want to have a good family life? GO HOME after work enjoy the family,if your passing money over the bar your taking from your family not a hard concept!Wife works also makes 1/3 of my salary!
I wish I cared more about the pension crisis, but I honestly don't give a sh!t at this point in my 10 year career (now start typing up your 5,000 word manifesto on why I'm a f@#$ing retard, a 2 year wonder, drinking the kool-aid, or whatever else). But the truth is….Ive got at least another 10 years to worry and lose sleep over pension and retirement issues and at this point in my life/career, Im more worried about the welfare and safety of my wife and kids, not about how I'm gonna support myself for retirement. (before you start on me not caring about my wife...the wife works and will have her own retirement money). I put as much as my family can afford at this time into deferred comp and know that one day I might actually live long enough to retire, but at this point, I just can't put that much concern into this whole pension crisis. Trust me, I work with a handful of coppers who are on their way out and I hear their worries and concerns about the pension day in and day out. I understand their worries and concerns, and get constant flack about why I'm not as concerned as them. But they can't comprehend why I'm not concerned at this time. Id like to ask a few of these Mercedes/BMW/Escalade driving coppers why they're so concerned about the pension and not concerned about the safety of their kids after getting sent to Morgan Park High School because their parents won't pay high school tuition, or concerned about their kids smoking weed and getting arrested all the time. But I don't ask those questions because I don't care about them either. My point isn't that I'm a good parent or not or that certain coppers aren't, my point Im trying to make is that Im not losing my mind worrying about the pension crisis at this stage in the life of my family and a lot of cops just can't fathom why I'm not too concerned. Now eat me alive in the comments…….
XXXXXXXXXXXXXXXXXXXX
Please go to the 14th district/ 3rd watch and wear a body camera with them. You deserve it. Start caring about others and help solve any number of problems that you mentioned. Your attitude of not caring also tells me that you don't know who any number of your elected officials are, thus giving the upper hand to corruption. Your important to solve the pension problem! Make a few dozen phone calls and go on a few marches, you would then understand the importance of union involvement. Start caring.
I hope the patrolmen are happy with their four hundred new cars and 30 pieces of silver, it's all most of you will ever see...............
1/31/2015 02:19:00 AM
VRI money is the correct 30 pieces of analogy. The car stuff in the contract was just idiotic.
I hear the Mayor has plans to put the computers in the next contract. You will fall for it again.
The reason why so much taxes are taken out of the retro, is because the savages you arrest need drinking, drug, and smoking money. It's a stressful life to wake up past noon, smoke a blunt, and decide who to rob, beat, and rape. Remember, Trayvon and Michael "could of been his sons".
Welfare rats???????, Like what the Hendon manifesto would bring???????.
Anonymous Anonymous said...
No joke, this is a real big problem and not enough is being done. Our union should be in talks right NOW on increasing our percentage of contributions from 9% to 13% at least. That is just to stave off insolvency.
No way. Why should we increase our contributions for a problem the city created? Don't panic, SB3538 will cover the funds even if they have to increase property taxes where all the citizens of Chicago share the burden. Maybe then they will see what the politicians got them into. If we increase our contributions, then the city should increase theirs.
Also as far as the money being due in 2015, its not due until 2016 because the property tax are paid the follwing year.
If you worked for private industry and they were supposed to match your IRA funds and didn't, do you think the answer and remedy would be to increase you contributions almost 50% to solve the problem. Absolutely not.
1/31/2015 10:15:00 AM
Typical copper answer. There is the world we live in and the reality that is in front of us and then there is what should have been, that is over, mistakes made years ago compounded, no one did much. Now is crisis time. Sit there and keep saying "Absolutely not" and hold your breath why don't you. I am figuring that the city matched the contribution increase.
"Absolutely not" The fund is at 32% It "Absolutely" should "not" be at 32% but IT IS!
Finally! I can get my electric turned back on.
So I can tell my wife I got 3125.14 when in reality I got 5934.76. Ya see the game here sonny? Some for her and some for me.. See, if you tell the wife the full amount she gets big ideas how to spend it all.. So go ahead honey, spend the 3100 because the rest of it unbenounced to you will be somewhere safe with me for toys
Good thinking. Instead of all the complaining and whining, put a good spin on it. I like your thinking.
1/31/2015 10:55:00 AM
What the hell is an 'unbenounced'?
Anonymous said...
Same day as property tax bill
Coincidence I think not!
1/31/2015 12:54:00 AM
Coincidence, Sunshine. I got my real estate tax bills on Wednesday.
Anonymous said...
Good so everyone can stop crying like welfare rats
1/30/2015 01:26:00 AM
Impossible. We are so unlike them. Just ask my new privates that are mad because they were "supposed to be" promoted months ago. I worked in social service before and my liberal white boss lady trained me how to tell people "your are entitled to these benefits." That is American culture these days. Tell who don't feel entitled to something..seriously.
Are you fucking kidding me. $500,000
in deferred comp, put three kids thru private grade and high school plus paid off three college tuitions on a policeman's salary. Paying a mortgage, putting clothes on your family, feeding your family, car, gas, insurance, etc. Either your lying, wife worked or you found shoe boxes filled with money.
I hope the patrolmen are happy with their four hundred new cars and 30 pieces of silver, it's all most of you will ever see...............
1/31/2015 02:19:00 AM
&&&&&&&&&&&&
Sgt J.c.? Unit 312 right? Shut up hog head.
Start w/Deferred as early as U can. Contribute as much as U can especially if U don't have Wife & Kids. Max that out if ya can. $18,500 is the max this, but don't quote me. I've been maxed since almost the beginning of 2006 and holy shit does it grow and in no X U won't miss the $$$$ contributed.
Uncle Sam has his hands tied as U'r check drops. U'r deferred contribution is taken out FIRST, then Uncle Sam takes what's his.
Please, younger POs that's the way to play it & how Def Comp works. Start a "Watch List" available on any MSN, Yahoo, or Google news finance category, throw in the funds or single securities for that matter, and make an educated decision on where U'r money is allocated.
Those of U that have a Roth or individual acct already know about the "Watch List."
Please help urself out & call Nationwide to put in as much as possible given U'r situation.
U'r body is on borrowed X & U won't want to run & gun U'r entire career.
Money's best friend is time so use U'r youth to U'r advantage.
"Anonymous said...
To: 1/30/2015 02:26:00 PM
I wish I cared more about the pension crisis, but I honestly don't give a sh!t at this point in my 10 year career (now start typing up your 5,000 word manifesto on why I'm a f@#$ing retard, a 2 year wonder, drinking the kool-aid, or whatever else). But the truth is….Ive got at least another 10 years to worry and lose sleep over pension and retirement issues and at this point in my life/career, Im more worried about the welfare and safety of my wife and kids, not about how I'm gonna support myself for retirement. (before you start on me not caring about my wife...the wife works and will have her own retirement money). I put as much as my family can afford at this time into deferred comp and know that one day I might actually live long enough to retire, but at this point, I just can't put that much concern into this whole pension crisis. Trust me, I work with a handful of coppers who are on their way out and I hear their worries and concerns about the pension day in and day out. I understand their worries and concerns, and get constant flack about why I'm not as concerned as them. But they can't comprehend why I'm not concerned at this time. Id like to ask a few of these Mercedes/BMW/Escalade driving coppers why they're so concerned about the pension and not concerned about the safety of their kids after getting sent to Morgan Park High School because their parents won't pay high school tuition, or concerned about their kids smoking weed and getting arrested all the time. But I don't ask those questions because I don't care about them either. My point isn't that I'm a good parent or not or that certain coppers aren't, my point Im trying to make is that Im not losing my mind worrying about the pension crisis at this stage in the life of my family and a lot of cops just can't fathom why I'm not too concerned. Now eat me alive in the comments…….
1/31/2015 02:04:00 AM"
You wasted all that time typing up something you could have said in 1 sentence.
"F all you guy's and gals I only care about me, my wife and kids."
Guess what there slick? We don't give a flying rat's ass about you, your crotchety bag of a wife and 2 asshole kids."
Got it? Good, now go fuck yourself!
1055 am. Your lucky your not my husband, I'd take that entire check and leave you with the stub. Seriously if your hiding money from your wife, you really need to look at your marriage. Signed Thank Sweet Baby Jesus you aren't my man!!!
So I can tell my wife I got 3125.14 when in reality I got 5934.76. Ya see the game here sonny? Some for her and some for me.. See, if you tell the wife the full amount she gets big ideas how to spend it all.. So go ahead honey, spend the 3100 because the rest of it unbenounced to you will be somewhere safe with me for toys
Good thinking. Instead of all the complaining and whining, put a good spin on it. I like your thinking.
1/31/2015 10:55:00 AM
What the hell is an 'unbenounced'?
Too funny... I think they meant to write unbeknownst. He made his point.
No joke, this is a real big problem and not enough is being done. Our union should be in talks right NOW on increasing our percentage of contributions from 9% to 13% at least. That is just to stave off insolvency.
No way. Why should we increase our contributions for a problem the city created? Don't panic, SB3538 will cover the funds even if they have to increase property taxes where all the citizens of Chicago share the burden. Maybe then they will see what the politicians got them into. If we increase our contributions, then the city should increase theirs.
Also as far as the money being due in 2015, its not due until 2016 because the property tax are paid the follwing year.
If you worked for private industry and they were supposed to match your IRA funds and didn't, do you think the answer and remedy would be to increase you contributions almost 50% to solve the problem. Absolutely not.
1/31/2015 10:15:00 AM
Typical copper answer. There is the world we live in and the reality that is in front of us and then there is what should have been, that is over, mistakes made years ago compounded, no one did much. Now is crisis time. Sit there and keep saying "Absolutely not" and hold your breath why don't you. I am figuring that the city matched the contribution increase.
"Absolutely not" The fund is at 32% It "Absolutely" should "not" be at 32% but IT IS!
You guys are dreamers. Lookk back in the citys history. Everytime there was a tax increase or increased fines that were supposed to be to solve a financial problem, the taxes were increased and the problem was never eliminated. All the city will do is increase your contribution, but wont increase theirs. Dont be naive CPS increases their property tax levies to the max and have for decades and has the school system gotten better. No. State raised state income tax to 5% for 3 years to improve state finances, they have only gotten worse. Give a politician money and he will spent it, but never on what it was intended for. So go ahead and be a follower and agree to an increase and see what happens.
I know what some young Coppers spent their retro on-4 wheeler ATV's/Gators.And they put plows on them.Thanks to the guys in the neighborhood for helping out during this snow.Well appreciated.
Old Retired Dino.
Anonymous said...
1055 am. Your lucky your not my husband, I'd take that entire check and leave you with the stub. Seriously if your hiding money from your wife, you really need to look at your marriage. Signed Thank Sweet Baby Jesus you aren't my man!!!
2/01/2015 02:00:00 AM
I think there are a whole lotta men saying Sweet Baby Jesus I'm sure glad I'm not her man.
2/01/2015 12:17:00 AM
I agree, but keep in mind a few things.When you decide to take that $ out, figure at least 20% goes to the feds now.Take out 10K, get less than 8K back.For the amount of $ we put in, there is absolutely no direction from Nationwide.You are on your own.Oh yeah,I realize they run a seminar or 2 during the year,which is usually dated info.Seriously think of putting that $ into a fund with someone like an Edward Jones agent.They stay on top of your $ and where it's invested, and they only make $ if you do.Wish I had started with them long ago, and shit canned Deferred.
to the unpublished - what post? You're going to have to point it out....we get hundreds of comments a day. give us a post and a date and we'll look into it. we haven't received an email about it.
CTA Retro coming in another check??
No direct deposit? Because it's a paper trail.
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