Casino Deal Coming?
From the comments:
- SCC:
I was at the sergeant’s union meeting Thursday night.
You may have heard the radio commercials that state the City of Chicago wants its own casino.
It turns out that all 5 public safety unions’ (FOP 7, Fire Local 2 and the 3 PBPA Units) met with the City this week. The city has proposed that a casino will in fact be built. Sources say the votes are there to push it through in the state legislature.
Initially it would be a rush job and be placed at someplace McCormick place and eventually a new one would be built from the ground up.
ALL casino funds would go DIRECTLY to the police and fire pensions without the city getting their hands on it. (Hopefully that will be in writing.)
Here is the catch.. the city wants a five year grace period on paying the full amount due by December for the police and fire pension funds. The way it looks the unions will vote yes on this deal.
It would be smart for the city and our unions to put out commercials countering the negative radio commercials bashing Chicago and state the reason the Casino is necessary; to fund the public safety pensions.
The reason for the current negative commercials is because there are plenty other towns that want Casinos.
The commercials state that Chicago is trying to screw the “children”; probably because these other towns like Waukegan wish to use the cash from their casinos to fund education.
The bottom line is Chicago has the biggest hole to plug because of the pension fiasco.
Sounds almost like a good deal....except for one thing:
- Here is the catch.. the city wants a five year grace period on paying the full amount due by December for the police and fire pension funds. The way it looks the unions will vote yes on this deal.
That raises all sorts of red flags.
Rahm had trouble winning this last election. He's also decided to govern as if he weren't running again, which is actually very likely. And we all know how "gentlemen agreements" come to Chicago to die.
And a five year window - we imagine the initial shiny new-ness will be all worn off the casino by that time, meaning revenues are going to be...dropping!
We also imagine Rahm and his lawyers will stick in some language about the pension money coming out of "net profits" after the "capital improvements" of the actual facility are paid off or some nonsense, anything to keep us from seeing a dime long past the 5 year window. We don't trust Rahm any farther than we could throw him.
Here's a bit of free advice to Dean and Ade and whoever is in charge over at the Lieutenants organization - you have Rahm over a barrel. Demand he follow state law - make him bleed. There may never be another opportunity. The casino is a wonderful idea, but at the moment it's a pipe dream. Nothing has been passed. Not a damn thing.
The only thing on the books right now is a City obligation to fund the pension by whatever means necessary. He can alleviate the financial pain later, but right now, he is on the hook. DO NOT let him off of it based on a fantasy casino that doesn't even have a life on paper yet.
Look at Block 37 - how many years has that been vacant? Michael Reese Hospital grounds? Vacant and costing the city $200 million it doesn't have. Big plans die under Chicago pols. Bring Rahm to heel first.
Rahm had trouble winning this last election. He's also decided to govern as if he weren't running again, which is actually very likely. And we all know how "gentlemen agreements" come to Chicago to die.
And a five year window - we imagine the initial shiny new-ness will be all worn off the casino by that time, meaning revenues are going to be...dropping!
We also imagine Rahm and his lawyers will stick in some language about the pension money coming out of "net profits" after the "capital improvements" of the actual facility are paid off or some nonsense, anything to keep us from seeing a dime long past the 5 year window. We don't trust Rahm any farther than we could throw him.
Here's a bit of free advice to Dean and Ade and whoever is in charge over at the Lieutenants organization - you have Rahm over a barrel. Demand he follow state law - make him bleed. There may never be another opportunity. The casino is a wonderful idea, but at the moment it's a pipe dream. Nothing has been passed. Not a damn thing.
The only thing on the books right now is a City obligation to fund the pension by whatever means necessary. He can alleviate the financial pain later, but right now, he is on the hook. DO NOT let him off of it based on a fantasy casino that doesn't even have a life on paper yet.
Look at Block 37 - how many years has that been vacant? Michael Reese Hospital grounds? Vacant and costing the city $200 million it doesn't have. Big plans die under Chicago pols. Bring Rahm to heel first.
Labels: from the comments, pension
posted by SCC at 12:35 AM
142 Comments:
"We don't trust Rahm any farther than we could throw him."
***********************
"Oh Ed, with your bad back you shouldnt be throwing anything".. yuk yuk yuk
Dean..listen to SCC..we're right behind him. Don't screw it up. Save your pension too....use your brain.
Once again, SCC is %100 correct. Don't fall for political trickery.
Dean better not try to give rahm a bs "grace period". Pay your bills rahmie and fulfill your obligations.
This is bullshit! Pay the 550 million first. The union has no right making any deals on our pension. Rahm is a lying prick and will fuck us any chance he gets. At the very least take this to the members for a vote.
The fop rep said the vote was unanimous to allow legislation to be drafted where all chicago based casino revenue will go directly towards the police and fire funds. I bet half that board dont even know the mayor has a big bill to pay in 2016.
I have no doubt Ryan over at the Lts Association will sign off on this. If he was any deeper in bed with Rahm he'd bump Rahm's old lady off the other side.
This deal is pure BS. Screw Rahm, let him borrow the money if he has to but make him follow the deal we have in written law. It's funny that people are lining up to build casinos anywhere they think they can get the state to let them but Rahm acts like the city has to build this one. Let any one of these developers foot the bill to build and operate the Casino with the city holding the license and being guaranteed a flat 50% with a minimum dollar amount every year. License to be retained by the city and contract renegotiated, including awarding the lease to another firm through competitive bidding every 5 or 10 years. You'll have people lined up to build this thing for us.
Most importantly don't belive a word Rahm says and never, ever, in your wildest, most delusional dreams trust him.
The city asking for another deferment of five years?
That's a five year of unchecked skim and thievery from the casino and when the novelty wears off and that casino sinks to the bottom of the shit-mud of corruption (with doctuh Dean still running interference for Rahm while he laughs his ass off in D.C.) and wildly over-heated revenue projections of which Coppers are pre-ordained by city hall to recognize nary a penny.
>Pension Go Bang!<
Funny... The city wants all it's money right fucking now when a tax paying working churl falls short.
They want a 5 year grace period to see if the casino will go belly up.
"Here is the catch.. the city wants a five year grace period on paying the full amount due by December for the police and fire pension funds. The way it looks the unions will vote yes on this deal."
Hell. Fucking. No.
Absolutely NO concessions, amended agreements or alterations to the downstroke due by year's end. This term is non-negotiable.
And while we're at it, let's throw a bunch of additional verbiage in the contract that benefits US for once. A few suggestions that immediately come to mind:
1) the operating entity - whether city, State or combination thereof - keeps nothing past operating costs until police and fire pension funds reach 100% funded.
2) 50% of profits realized in excess of pensions being completely funded will be distributed to CPD employees below the D3 pay scale (CFD to have similar limitations on what ranks are eligible). Much like stock dividends, and to be remitted on a quarterly basis.
3) at no time while it exists, will any monies derived from casino profits be applied to any entitlement program.
4) Casino security will be off-duty CPD employees below the D3 pay scale exclusively and will compensated at the rate of time-and-one-half.
I say Hell No! They are counting on money that may or may not come. Then what? Our pensions are shit out of luck? Pay us what you owe Rahm.
Just legalize weed. They've essentially already done it buy passing the law with the 15 grams and under with a fine only penalty. Make more money off it than a fine.
Wy not if he sweetens the pot more? Like changing the 3% COLA from born before 1955 to 1960 or 1965?
At the end of the day do we really care where the money comes from?
Terrible deal.
He's already had 5 years to plan and save. He hasn't done shit. 5 more years gets us to bankruptcy.
He needs to pay in full.
Put McHugh, Walsh, Rabine, BLI, etc.. on a diet for a few years.
Wait a minute... In the words of the city itself. What will you give us. I say we get 3% a year extra for 5 years for agreeing.
If the unions sign off on this without any stipulations then for sure they are getting bought off.
Again... we get 3% a year over and above our current crap contract for agreeing to the 5 years. Because you know damn well someone's getting something for signing off on it.
I'll mention to you SCC that on this subject you are grossly misinformed and your synopsis is off the mark as well. To the sergeant who posted this story, thanks for keeping your big mouth shut.
Rahm would not hesitate to screw you if he had you over the barrel. It is time to return the favor.
I used to think a casino was a good thing, not anymore. The thought of Rahm and friends,Daleys,Burkes, Madigans, Vaneckos, Cullertons etc etc running this thing and sitting on some casino board at huge salaries and pensions makes me sick.
In typical SHITCAGO fashion, the unions will fuck this up.
A city controlled casino would never pass the state. Why would they give power to a city council who couldn't manage a fantasy football lineup?
Any deal must include a 3% cola for those born after 1955. CPD and CFD deserve inflation protection like the other officers and firefighters throughout the State.
Turn the tables on Rahm.
Make him shore up the pension obligation RIGHT NOW and then when the casino is built, the City can skim, and they will skim, back what they have laid out.
If we can wait 5 years, so can the City.
Is the city currently paying the proper portions into our pensions? They want a 5 year grace period, on old debt, I hope during those 5 years they are going to pay what they are aupposed to.
I'm also skeptical about casinos being the holy grail. Have you been to horseshoe just over the border in Indiana? It feels like a house party in englewood, especially if you go on a weekend.
The city might be wise to negotiate with the casinos ,surrounding Chicago land , and get some type of payment for not opening a casino. Las Vegas does it with Hawaii. Vegas sends $ to the Hawaiian govt with the promise if them not legalizing gambling. Not only in the island but on the cruise ships that sail on Hawaiian waters, which extends around 2 miles out.
Then the city needs to allow gaming machines and poker rooms.
He's going to build the casino anyways. Don't give Rahm a single inch in negotiations.
How long before he diverts that casino money into programs "for the children".
My concern is that this is just another bill of goods promised by the politicians. If they broke their past agreements then what assurance do we have that they won't break these agreements? Even if it is written on paper I don't trust them. You can judge someone by their past behavior. By that measure the city has very little credibility.
Also may I warn you that the casino industry is ever expanding. What assurance do we have that once the city gets one license to open up a casino then they won't open up another and another in a few years? Isn't it interesting that when the city enters into contracts with insiders (the parking meter deal, the millennium park garages, tax increment finance districts, etc.) the city says "it is a written contract there is nothing we can do". But the same city enters into written contracts with us and then they trample all over it.
The Chicago area has plenty of casinos and no the revenue stream is not very consistent. It is a business just like any other business and the revenue stream goes up and down. Plus they have competition from other casinos. The best fucking solution- fund our pension like you were supposed to do in the first place. Stop playing games with my retirement. If you can find money out of thin air for all kinds of pet projects then you can find money for our pension.
A casino is not a magic bullet. Just look at how many casinos there are in the Chicago area. Do you honestly trust the city to run it in a complete legit way? I am willing to bet this is just another ploy by Rahm to not pay into our pension for another five years. Then once the five years are up and our situation is worse the city will say "oh dear, the situation is now even worse, we can't afford it".
You need to research the law PA 1495 which created this ARC funding. It isn't as concrete as you think.
The casino is a done deal no matter how we vote. It's been a done deal for years and ties in with Nay Pier and the "DePaul" stadium being built. The river walk is going through and Chicago is looking like a tourist destination that will rival New York.
The pension is safe with all Chicago has going on. Stop all the Chicken Little hand wringing and act accordingly. This city is a cash cow......if we can only get the politicians and their pals to stop stealing.
I still have high hopes for Rauner and people like him that we need in public office. Career politician should be an insult to hurl at these thieves. Public office was supposed to be a "service" not a perch to fleece the public.
Give me a business person that wants to give back and serve after a career making their own money any day.
I couldn't agree more. I could see that agreement happening. Then casino never gets built or even if it does the funds being blown off after the 5 years passes. A bird in the hand is worth more than two in the bush.
At http://pensionintegrity.org They have a break down of what's about to happen with our pensions. In 5-6 years there will be nothing left. So, wait five years for the city to make the 500 million payment to a depleted account. ?
Sure, the money will go to help the pension crisis. Remember how they said when the lottery started the money would help the school system......
Don't give them one second of a Grace Period. Every penny goes into the pension until it is 200 percent funded
Speaking of the Michael Reese Hospital; can someone tell us why Obama's monument to his two disastrous terms as president isn't being placed on this now blighted piece of city owned property instead of destroying park property?!
Off topic..... The City has managed to have an ET test and Canine Test this year and even draw off those lists immediately this year..... There must have been some special people to take care of!
I thought Berstein found out through the freedom of information act that a detective test was to be conducted this year?
Hey Disability Dean! Here's a chance to make things right between you and the membership.
Vote NO on this crap deal.
If the city is so broke that they could not come up with the over $600 million to go to the pension fund, how in God's name will they come up with the money for a casino?
And Chicago is not even guaranteed that they will get a license from the state to build one.
Seems like history is repeating itself. Remember little Richie buying up all the land from the old Michael Reese Hospital? How much money did he spend making that purchase to build his legacy, Chicago's Olympic Village for the 2016 Winter Olympics!
Initial cost projections were at $85 million. With cost over runs, who knows what the final figure would have been.
So the city buys the land BEFORE they know whether or not Chicago will be chosen to be host city.
We all know how that turned out.
So now Rahm wants to rope us into a deal that could end up the same way?
No delay in payment! Fuck Rahm! Pay what you legally have to, you little fucking jag off. Fuck Dean too! Don't vote for retired police anymore. All board positions should be held by active member. Embers who actually have to live what they vote on. People are just in it for themselves and wish to stay in power. Is everyone that self indulged?
Fuck the 10 hour days too. the start times suck! 005 is fucking miserable. Everyone who thinks the "units and/or teams" on 10 hours are getting huge play, think again. I'm sure it's just nice not having to chase radio. That's the big difference.
Agree. Pay pensions from tif fund as then replenish tif funds, then use casino to fund all debts. By then weed will be legal and use tax revenue from that to pay bills and lower property taxes.
If you read the Public Act, even though it talks about the $550 million Rahm needs to put in, the actual number required by law is 10% of the fund's actual value - about $35 million. That's all he HAS to put in. I believe tis deal has him committing to at least $400 million minimum each of the 5 years until the proposed casino is up and running and the monies are being deposited in the pension funds.
Letting the city off the hook for the pension payment is a big mistake. Pushing it down the road is what got us into trouble in the first place. Don't compromise our pensions on something you have no idea what exactly the revenue will be. The City has ben fighting that legislation since it passed in 2010 because it makes them responsible for funding the pensions.
Don't forget that knucklehead now in charge at the captains union, Pontecore. No wonder they promoted Buslic.
The original post should have started, "I was not at the Sergeant's meeting and I am just trying to start a lot of shit."
DON'T, I repeat, DON'T trust these
M-efers!
Ef' them like there trying to Ef' us.
5 years? Yea, sure.!!
Rahm wants to kick the can down the road for another 5 years? I wouldnt believe that lying weasel. He has made it clear time after time again how he feels about first responders. The payment needs to be made as scheduled. Not some fake IOU in 5 years.
Land-based Casino with many escape routes back to thickest parts of the canopy in hoodie Chicongo?
That'll be a real kill-zone for sure.
PD/FD pensions won't see nothing except for being shorted for 5 years cause who in the heck is gonna go to an abbatoir even lured by visions of winning big money...
Pull yer pants up folks & realize that the days of having anything nice or anything that works coming out of any government plan is O-V-E-R.
We live in new, social fascist imposed Jungle & all you'll get outta gov't is death & graffitti unless you b b'n a member of the "chosen" people then you'll get'ya some nice "gibs"
As campaign continues & succeeds in liberating savage beasts from any consequence of law, it's over for everybody else.
Dean needs to tell Rahm to go fly a kite.
hey ssc don't get to over exicted look at atlantic city they always don't make money my 2 sense worth , a casino slot machines at ohare and video poker in the bars and let the mob run it, with the city getting their take
also bring Robert deniro n joe pesci
The Casino is NOT the answer. The insane rate of spending must stop! Maggie Daley Park, by the way, what did she ever do for anyone but her own family? Does anyone recall seeing her on the podium for our annual memorial parade? $62 Million on a parking lot(s) blunder, Millions for plastic bike poles, and new congestion,then the mastermind for that deal leaves suddenly. Two Heads of the Public School Systems gone. One just asked to leave after the strike, then given a golden parachute, while the other left pending federal investigation and she is still on the payroll. Millions of dollars in loans to Daley's relatives, lost! The aforementioned fiascoes, which would have been scandals anywhere other than Chicago are the reasons for the financial disaster. Casinos failed to bail out Atlantic City and Las Vegas has not yet recovered from the collapse of 2008. Now, they charge for parking downtown and comps are far and few between. Some hotels are even charging a recreational fee to use the pool! All of that was free when the money was rolling in, but those days are gone everywhere in the U.S..You can't live today and tomorrow on yesterday's Great Ideas. The Casino might have worked when it first surfaced almost twenty years ago, now its time has passed, just like Taste of Chicago, another great idea, in the 80's. Dude, change your hair style and get rid of the shirts with the Elvis Collars. Baby"G"
No way dean don't you dare agree to this! You do next meeting or before you will removed from your office this is treasonous behavior dean! They can build casino great after they pay the 550 million in December required then the casino money could be used to keep funding pension for police! It would be "good faith" if they put in the 550 million if you let them do this promise you this personally will look to see what you personally got in return dean promise you that! "Family and friends" deal for you dean? Your pathetic dean "don't do this!"
Do not trust him this is a scam. make him make the payment that is due.
You need to call your unions and reject this proposal , it is a lie and a scam and it will cost us everything. Demand from your unions that the payment be made.
Absolutely, make him bleed. Heel his ass if literally even better. He is a compulsive liar! FOP fire unions Do Not Trust Rahm!
Watch the skies !! Bargaining units should not let Rahm under any circumstance off the hook, casino bill will go through anyway. Make City pay the 550 million NOW. City had 4 years to begin payment and have done nothing to pay what is mandated under Illinois law. City is really offering ZERO, worse , Rahm an/or his fellow 1% are trying to push through a bankruptcy bill for local governments that will put the fat cat bondholders first in line to get paid at the expense of retirees. And of course Rahm's water carriers at the Tribune support it, see page 22 editorial in todays's Tribune.
A casino in Chicago would not be enough to fund the pensions of first responders. Legalize recreational "top-of-the-line da kine pakalolo" sinsemilla cannabis and tax the bejeezus out of it.
Finally, in a non-residential area, break ground for the Richard M. Daley Reparational Bordello.. How apropos!
No way dude! I want my pension now. Thank you. Don't believe, nor trust that snake. He can e.a.d.!!!
DBEL
Remember , the City (Rahm) didn't pay retroactive pay for 1 yr of Earned Overtime...think that was fair?
There's also an expected increase in Health Insurance and of course Property taxes, how does it look for a 5 year moratorium on that?
I don't know how much profit a casino makes a year, but it's quite obvious they don't lose. Why is Las Vegas such a success?
There's an existing cash cow at Ohare and how about restructuring the parking meter deal and ask LAZ for more revenues instead?
I hope We don't fall for that poor-mouth bullshit from the City. No favor for Rahm. They're building that Casino without Our blessing anyway.
After all this violence year after year when week the department realize they need more manpower in patrol divisions and not in these countless units?
the city is on the hooks for the pensions, but it does not mean pensions will be paid out in full.
the sheer scale of the pension liability is such that it is doubtful that they could even be paid out, assuming the politicians wanted to.
the amount of money needed in total across the state as a whole to fully fund employee pensions dwarfs the ability of taxing entities to reduce spending and/or raise taxes to fund it.
it is just not the city. virtually every governmental entity in the state, including the state, owes far more to its pensioners than can ever be paid.
if it was just a few pension plans at issue, you might be able to raise taxes and/or cut spending for that entity to cover the deficit in the pension funding.
the unfunded liability that state itself has is well over $100 billion. by some more realistic estimates it may be more like $300 billion.
The entire budget of the state is less than $70 billion a year, and much of that is funding by deferred payment to vendors and new debt to cover operating revenue deficits.
Even if you could take 10% of that and use it to prop up the state pension plans, it might not be enough.
The pension problem is exacerbated by the health insurance costs the state has also guaranteed for pensioners. No one really knows what that number is but reliable estimates suggest it is at least $50 billion of additional unfunded liability.
The numbers are staggering.
Rahm will promise anything to keep from making that payment. To hell with any politician's promises.
What do we get for waiting 5 years? Or should I say... What will the sellouts at FOP get?
Fyi there is another push these unions should beware of and unsure if this will be encompassed in the legislature regarding pension and I believe should be considered or debated over and that is video gaming. The county and state are aware that Chicago is pushing through to allow off site gaming like in most suburbs. This may take away from casino profits as there will be a mad rush by local taverns or cafés etc to get regulated macines ( up to 5 ) in their estaishments. I guess I'm hoping these will pay into the debts too as there will be numerous off site locations once allowed.
The devil is always in the details, (see prior payment amnesty deals). How can local unions exempt the City from a statutory mandate without involvement from the General Assembly ?
What do Ade and Dean have in common? The both use the same lawyer that tried to bargain away everyone's pension for the Sgt Associaion!!!!!!
Hold Rahm over a barrel? Fat chance.
SCC, you are 100% correct on this.
The current law says the City must pay now. This is our ONE AND ONLY chance to force the City to pony-up and pay a comparatively small amount to help shore up our pension fund.
The five-year "grace period" is laughable, and full of bad faith from the City.
Per your post on 21May15, and per the prediction and warning from former City Treasurer Miriam Santos, the City has ALREADY ENJOYED a grace period of OVER TWENTY YEARS of not paying their fair share into the fund. Over 20 Years of INTENTIONAL UNDER-FUNDING and Fiscal Thievery. Former Mayor Daley, and his 50 alder-thieves, should be in PRISON for what they have done.
Pay up, City: for over 20 years you have intentionally under-funded our pension ... the party is over.
At the October 2014 Retirement Seminar, Pension Fund Director Regina Tuczak stated that the fund will be bankrupt by 2020 if it does not receive a cash injection by then.
If the market falls, it could go bankrupt sooner.
5 years from now!
Do not agree to this.
Fuck Rahman
Don't believe anything he says
hey ssc please listen up rahm dean, ade I know its a done deal but just like in the movie CASINO don't screw up paradise, remember what they did to nick santoro and brother dominic in the corn field at the end of the movie
Rahm is not paying the 600 million owed anyway. Law or no law it will not be paid. This is a way to get a guranteed revenue stream flowing in the pension fund. Try and make an informed opinion on something more than a post on the blog.
Casino money to be put into an account to pay the families of armed convicted felons shot by white officers.
Really! I can't believe you're really considering this. It's this type of BS that got us in trouble in the first place.
In the words of Henry Hill.....
You owe $550 million to the pension, Fuck you! pay me!
You got blasted because Daley stuck you with a bad parking lease Fuck you! pay me!
$55 million for Maggie Daley park and now you got the No other money, Fuck you! pay me!
I have heard that the city is considering taxing people who work in Chicago but live elsewhere, great idea, also tax people who use our museums. other states charge a surcharge if you live out of state. To all of you guys and gals out there still working, its great to have the free insurance when you retire, but when you hit 65 it all changes quick, I have been retired a few years and come January 2016 when I start on medicare, my wife not medicare age and my disabled son, I will pay the city of Chicago $1100.00 per month for coverage. that's right $1100.00 PER MONTH. What alap in the face, I put almost 40 years on the job!!!. so think about any deals that the police unions make with the city, we are all getting screwed.
Ade should be more concerned if his kid (Patrick Ade) will have a PE teaching job at Prosser Career Academy HS next year. The kid hasn't scored well enough on the CPD entrance exams to get into the academy and now word is Prosser may get shuttered and re-opened as an alternative school.
It looks the money spent on the kid's Loras College education didn't pay off for Ade.
Next fall should be interesting for the POs by Grand/Long Aves. as the brand, spanking new Noble charter school, (ITW Speer Academy HS) is opening on the corner directly opposite of Prosser. I'm calling it the THUGS (Prosser) vs. GEEKS (Speer).
Off topic: thanks to all the coppers that worked Bike The Drive today. Not sure if you need clout to get that hazardous duty, but all the guys I met were very cool and helpful. Wanted to say I appreciate your service.
hey ssc this reminds from a scene from the movie the godfather part 2 when hying roth said to Michael corleone " rumor has it a suit case full of 2 million arrived on a plane if you leave the suit case here I know we will have a deal if you don't I know we don't"
well dino ade n ryan you better tell rahn(roth) leave a suit case full of 500 million at the pension fund or we don't have a deal.
No way dude! I want my pension now. Thank you. Don't believe, nor trust that snake. He can e.a.d.!!!
DBEL
Exactly ! When you have a snake under you heel, he will try to wiggle out ! Time to press down !
ABCD
ABCD(Ret)
Fuck Rahm. The city has known about this balloon payment being required by the legislature for 5-6 years now. What have they done to prepare for it?...... wait for it....... NOTHING.
Oh they've cried and bitched and moaned about it but since they never planned on fulfilling the obligation they never financialy planned for it.
Now they want an additional 5 years. Hell no.
In 5 years Rahm won't be around and the next administration might take a page from Rahm's book and say they're gonna walk away from that obligation.
Rahm is on the hook. Dean you better not even consider agreeing to anything like this with that slimy little prick.
Dean will do whatever Rahm wants him to do.
Kick the can down the road five years or for a field goal into the stands. No problem Mr. Mayor!
What would happen if we elected a Republican President and a couple of Feds came calling on FOP and asked Deano et al, "Were you ever promised by the city or by Rahm anything in return for steering the FOP in any direction."
Might be time to take the Fifth.
Hey SCC- Lets get the story straight, also in this so called proposal, is raising the retirement age to 55 yrs old, and no grandfather clause. Theres also other things in there too, like raising our pension contributions. Its not as easy as building a casino and the money is OURS. The FOP walked out of the meeting, to the huge dissatisfaction of the other unions, who are all for idea. I will say, in this climate, 5 extra years means a lot more stress and aggravation that we will deal with. Stop bending over for what is OURS. I agree with FOP on this one, don't give in on any benefit !!!!!
Making this "Chicago's" casino is the ultimate of stupid. Nothing in Chicago operates without graft and corruption, and the casino would be no different, and probably worse. Keep Chicago the hell away from any management or staffing aspect. And include a provision that a significant chunk of the gross profit goes to the state to be used for: #1. Pay to incarcerate Illinois felons out-of-state far from their home turf, and #2. Education.
I don't understand why the Union would give something up to get a Casino when the State Constitution clearly says Pensions will not be diminished or impaired...Not paying the 550 million is diminishing and impairing the pension. By law, the city has to make that contribution, no matter what any Union official agrees to. What Rahm is really proposing is that the pension pay him 550 million for a chance at a casino..That's ludicrous..And if Angelo thinks Rahm's promises can be counted on, he is crazy..Is there a way to impeach Angelo?
The city wants to pay some $$$ toward the funds, just not the FULL amount..i'll take that if its in writing that they will use the casino $$$ only for our pension nothing else.also 3% cola for everyone born after 1955!
How about commercials that state that Casinos needed to help pay back the Chicago Taxpayers and Chicago Pension Funds that the Chicagoland DEMOCRAT Politicians stole Billions from? Name Richard M. Daley and his Band of Thiefs, as the true reason why this is going to be necessary, instead of cutting the Democrat Politicians purse strings off by limiting Welfare and Entitlements to abusers and Illegals, in return for votes to keep them in power and so they can continue to steal and Rape the Middle Class Taxpayers of Chicagoland-CrookCounty Illinois.
Don't try to make the Cops and Firemen, Teachers, and the rest of Unionized City Workers out as the Villians, when the Democrat (Communist) Politicians are the true Villians.
1:22 pm yes indeed ramie and city is screwing retirees $1100 a month , city is self insured
3% cola will be passed only when you reach the mandatory retirement age , that's the good news
bad news is city wants to raise mandatory retirement age to 66
Anonymous Anonymous said...
I'll mention to you SCC that on this subject you are grossly misinformed and your synopsis is off the mark as well. To the sergeant who posted this story, thanks for keeping your big mouth shut.
5/24/2015 06:06:00 AM
Why was it so important to keep us in the dark on this?
Whoever exposed this did everyone a solid.
Las Vegas has 7.4% unemployment and is #2 in the nation for mortgages in foreclosure. Maybe a casino could turn things around out there.
Rahm loves Chicago like OJ loved Nicole.
Anonymous Anonymous said...
I'll mention to you SCC that on this subject you are grossly misinformed and your synopsis is off the mark as well. To the sergeant who posted this story, thanks for keeping your big mouth shut.
5/24/2015 06:06:00 AM
Were you there? Set the record straight🚔 are you scared? SCC misinformed! Ok what's the story?
Off topic..... The City has managed to have an ET test and Canine Test this year and even draw off those lists immediately this year..... There must have been some special people to take care of!
I thought Berstein found out through the freedom of information act that a detective test was to be conducted this year?
5/24/2015 08:47:00 AM
He said the thing thing in 2014. He takes an educated guess based on the bids to testing companies. I'd imagine they have one soon, but it may be in 2016. Bernstein also predicted the upcoming Lt's test was going to occur last year as well. The Sgt's class he gave had Current Sgt's sitting for the first part.
Remember when toll roads were going to pay all the state's bills? Then they stole all the toll money.
Then the lottery was going to pay all the states' bills. Then they stole all the lottery money.
Now the casino is going to pay all the bills! Guess what. The slimey Daley Crime Family will steal all the lotter money.
Will VRI work security for the casino?
Scary to depend on gambling to fund the pensions; or any debt for that matter...
casinos are not guaranteed to be profitable. Look at Atlantic City. Local video gambling is hurting them badly. As that expsnds, it will get worse. Harrahs in Joliet has had layoffs. Don't do it. He's in a panic. Keep a foot on his neck.
For the last couple of months that I have been reading SSC, the great majority of postings are about the current President of the FOP. I am a retiree and have been for several years now. If the membership (Current & Retired members) is this dissatisfied with the current President, then why does anyone start the process of recalling the current President? Why wait until something bad happens. The bad that I am referring too is the making concessions that he does not need to make. With the recent Supreme Court decision of the rights of pensioners, there appears to be a real fear that the current President is going to do just that. This should be a no brainer for both the active and retired members. Lets fact it, a PO in his or her 20's might not think about the pensions as important as we retiree's or near retiree's are thinking about it. But if the younger members of the bargaining unit thinks about it, it is to their best interest to see that no harm comes to the pension. Because I am no longer working I can only judge the sentiment of the members BY WHAT I READ ON THIS BLOG. It appears that many of our members are very distrustful of the current president of FOP. I say let us get the ball rolling on a recall. maybe the membership should recall this president and appoint SOMEONE WHO HAS PREVIOUS UNION INVOLVMENT. We need someone who is not affair to stand up and fight for us. I do not want a someone to go off half cock just to pick of fight with the current major. Someone who is professional enough to get his or her word across but not in a way that the major will just say, the hell with you. The former President comes to mind on someone who was arrogant and cocky and could not get anything done with the major. What I read of Angelo, is he is not that person. For all of the officers coming on today there got to be someone who has this prior experience. Another suggestion is maybe if it is all possible the next president of FOP(he or she) should hire a experience union person to handle the administrative duties and functions to deal with the political negotiating with government officials and have a police officer who is president of the FOP deal with the every day problems that are unique about our job as a police officer. Since FOP won the right to be our bargaining agent or representatives we have had police officers as our president. Lets face it, the past presidents, Denien, Nolan, Donahue, Shields and now Angelo have done a terrible job as to representing us. Not only have they done a terrible job, the attorneys that they have hired has done a terrible job in negotiating for us. For the youngers officers our there, if it was not for former major Jane Byrne we would still have three or four organizations representing us. Like her or hate her, Byrne gave us the right to organize and our first contract because we did not go out on strike with the fire department. I do not know the current president of the FOP but from reading SSC there is a great fear that he is going to throw us under the bus. If that fear is this wide spread than recall him. Get him out of there, get someone in that position with the best intensions of the men and woman of the CPD. If this fear is this wide spread them get him our now or start the recall process so either we can have a person who has our best interest in mind or send Dean a message that he MUST LISTEN TO THE MEMBERSHIP. One way to find out if Angelo might throw us under the bus is at the next meeting, someone should ask him what is he going to get in retirement benefits from his previous teaching position? How much social security benefits is he going to receive? These are fair questions. The answers might be an insight of what he is planning? Dean got to go!!!!!!!!!!!!!!!!!!!
Anonymous said...
I'll mention to you SCC that on this subject you are grossly misinformed and your synopsis is off the mark as well. To the sergeant who posted this story, thanks for keeping your big mouth shut.
5/24/2015 06:06:00 AM
Yeah... more bullshit political pandering lies with no actual facts to back it up.
Yah we'll all listen to your bullshit pal.
Anonymous Jack Tors said...
Off topic: thanks to all the coppers that worked Bike The Drive today. Not sure if you need clout to get that hazardous duty, but all the guys I met were very cool and helpful. Wanted to say I appreciate your service.
5/24/2015 01:35:00 PM
So why the snotty comment about clout and hazardous duty, then? We've had officers murdered while writing parking tickets, while doing 'walk and talk' and while changing their shirt outside their car. Everything we do is hazardous duty, sir.
Anonymous said...
the city is on the hooks for the pensions, but it does not mean pensions will be paid out in full.
the sheer scale of the pension liability is such that it is doubtful that they could even be paid out, assuming the politicians wanted to.
the amount of money needed in total across the state as a whole to fully fund employee pensions dwarfs the ability of taxing entities to reduce spending and/or raise taxes to fund it.
**********
ooohhh yeahhhhh.... the "sheer scale" and eider yadda bullshit and them some.
Hey, bullshitter without a clue as to Chicago's tax base, policy or revenue streams and the laws applicable to, you don't know shit or are woefully ignorant of fact because, well you just suck political balls.
The revenue stream can't cut it? THE FUCK IT CAN'T buddy!!!
We've got ALL THE BACKUP PENSION PAYMENT MONEY WE NEED COLLECTED EVERY YEAR IN TIF DIVERSION, LIAR.
The annual dollars skimmed from the ACTUAL REVENUES COLLECTED EVERY YEAR COVERS THE POLICE AND FIRE PENSION CATCHUP PAYMENTS. FACT.
So, to you who seem to think that TIF skimming is some kind of mandatory financial obligation this city is lawfully liable to divert, think the fuck again.
There is NO constitutional provision protecting the politician's "right" to divert property tax revenues into a political slush fund for the connected few to get free money off the backs of taxpayers. These billionaire fucks want a fucking freebee loan? FUCK THEM, GO GET A FUCKING LOAN FROM A FUCKING BANK. TAXPAYERS ARE NOT A FUCKING BANK WHERE THEY GET INTEREST OR NEAR ZERO INTEREST FREE LOANS!!!
FUCK TIF scamming, in it's entirety.
TIF is THE SINGLE MOST REASON EMANUEL WILL NEVER GET A BANKRUPTCY JUDGE TO ALLOW A FILING TO PROCEED.
Only dumbfucks think there's no fucking revenue stream to pay for constitutionally protected debt.
There fucking IS. And it's the Chicago SKIM that's stealing the money blind, every fucking year.
END THE SCAM OF TIF NOW!!!
The idea of a casino is that it is a place where people spend "disposable income."
What if that money can't be spent because it is needed for rent, or a new pair of winter boots?
Casinos produce nothing. Just sort of an exchange-house for the Confederate money we use today, with lots of flashing lights to distract, and comped drinks to get fuddled people to spend more than they really can afford. Seems like their blandishments are aimed at a smaller and smaller proportion of the population today.
Have a look at these pictures of huge tracts full of unsold cars -- from all over the world, 57,000 of them just on one lot -- and tell me how you think the world economy is doing.
http://www.odometer.com/rides/10497/17-mind-blowing-pics-of-car-purgatories-where-thousands-of-unsold-vehicles-sit-idle?&list=true#slide/17/0
If the FOP gives in to Rahm's trickery. We will certainly be led to the slaughter.
We have a retiree complaining about his upcoming payment, of $ 1100 a month for insurance. Write a check to ; Krislov & Associates, Civic Opera Building, Suite 1350, 20 North Wacker Drive, Chicago, IL 60606.
In the memo line, write ; Retiree healthcare lawsuit.
Everyone, active and retired, should contribute to fund this lawsuit. Everyone. The active guys are next.
Dean Angelo is Rahm's puppet. You so-called "street smart" Police Officers fell for Dean's lying bullshit and bought into his crap. Prediction: We will lose our Pensions and our Deferred Compensation because of the collusion between Rahm Emanuel and Dean Angelo. Dean Angelo is still collecting on his disability scam. Going on for 16 years. Has a bullshit job at Calumet College during the time he was claiming disability..Bullshit! Look at Rahm's history of obtaining derogatory information on anyone who has the slightest possibility of being a rival..Rahm got the goods on Dean Angelo and is using it to get out of funding the lawful obligation to our Pension Fund that he is required to do. Dean Angelo is a lying,corrupt piece of shit. This also goes for the other idiots down at FOP. McDonaugh,Casiano,Capparelli,Kilmer,Dean Angelo Jr. Fuck all you.
The "FLOP" doesnt have a fucking thing to do or say about the balloon payment due the pension fund. Zip, nada , nothing. This whole pension payment requirement was legislated to fix Jack-off Richy Daleys mistakes. The state legislature would be the only ones able to delay payment and not that dimwit Angelo.
Don't say you didn't here it coming from here first, Garbage collection fees coming to a City of Chicago near you, oh and on top of the other $$$$$ MONEY being stolen from residents...
Hey its all for the Children!!!
Chicago has many ways of raising Revenue and cutting spending costs. It is just that we are run by a bunch of Democrat/Communist) Thief Politicianswho are too lazy to actually work hard to alleviate the problems.
Anonymous said...
At the October 2014 Retirement Seminar, Pension Fund Director Regina Tuczak stated that the fund will be bankrupt by 2020 if it does not receive a cash injection by then.
If the market falls, it could go bankrupt sooner.
5 years from now!
Do not agree to this.
5/24/2015 12:05:00 PM
What is fucked up is that the stock market is way over valued. There is no fundamental basis for the stock market going back to 18,000. It is rigged and it will fall. If the market crashes again then we are really fucked. It is a double whammy; the pension fund loses money and the city still drags it's feet.
What all you geniuses fail to comprehend is that if Rahm simply decides not to pay the $550M, the city will not receive approximately $33M in revenue from the state sales tax, which is shared by the state with the city. Instead, the $33M from the state will go directly into the police and fire pension funds. $33M isn't shit! If you think you're gonna make Rahm sweat by demanding the full $550M, think again. He'll just not make the payment.
(OT) 45 year old New Orleans copper murdered in marked squad! WTF is going on brothers and sisters in Blue! May he RIP! Open season on police?
http://abcnews.go.com/US/orleans-cop-shot-dead-cruiser/story?id=31276815
Very little police hiring, no support from elected, government media complex in full swing after coppers wheres the outrage obama? media? jackson? sharpton? and etc etc???
Dean don't you dare negotiate anything with the pension!!!
I am demanding a "Grace" period to pay my taxes...When I have enough money I will pay then....
The Atlantic City casinos are going broke and are closing up. Las vegas is having difficulties.
Why do you think any casino in Chicago will make money long term?
New Orleans copper shot dead in cruiser headline!
http://abcnews.go.com/US/orleans-cop-shot-dead-cruiser/story?id=31276815
Sickening why the anti-police rhetoric? The police hate? Killing officers in their marked cars! In Chicago off duty coppers getting shot at in traffic! Targets? Hope this officer RIP! Please help each other we are all we have! Dean be a leader speak out do you need me to be your puppeteer? Don't you ever EVER negotiate the pension money due city pays cut the stupidity dean! Talk about us you were elected to represent FOP US! Dean talk about shortage hiring tired of you hiding wherever you are you need to be removed or man up resign!
Too many corrupt hands will be in that Chicago casino pie. There won't be much left over to go into pension funds. Giving Raccoon Eyes a 5 year stay of execution is a mistake.
If retirees lose any part of their pensions, we are holding Dean Angelo Sr accountable. See you in court, moron!!!
FOP DONAHUE allowed Daley to borrow $29 million of our pension and then forgave the debt. Another fucking moron! Dean don't listen to Donahue. Haven't you learned a lesson on what they did to Shields...WTF
dean and ade are sleeping with the enemy
I have heard that the city is considering taxing people who work in Chicago but live elsewhere, great idea, also tax people who use our museums. other states charge a surcharge if you live out of state. To all of you guys and gals out there still working, its great to have the free insurance when you retire, but when you hit 65 it all changes quick, I have been retired a few years and come January 2016 when I start on medicare, my wife not medicare age and my disabled son, I will pay the city of Chicago $1100.00 per month for coverage. that's right $1100.00 PER MONTH. What alap in the face, I put almost 40 years on the job!!!. so think about any deals that the police unions make with the city, we are all getting screwed.
5/24/2015 01:22:00 PM
----------------------------------
How much money do you make in pension?
$1100 a month? Welcome to the club of paying for healthcare. You think every private sector person pays $40 a month for healthcare while they are working? Try $600-%700 a month - and that is NOT for a family plan.
Tax people who work in Chicago but live elsewhere?
Give us the ability to vote for mayor AND for aldermen.
Don't be asking others to pay for the mess YOU created - either by not even going to vote or by voting for someone who promised you the Moon. You also voted for FOP officers who sold you out.
Wake up. You voted all this in - you got what you voted for.
Pay half now and except deal in writing with a police detail time and a half working once a month 12 hours at casino. Who am I kidding the dealing Dean the deal is done sell out. Just like the contract done before Dean was ellected.
????????
Any detectives out there? I mean REAL detectives and not merit hacks.
$500 million is a lot of money to wait for, especially when you are so short-funded.
Doesn't it occur to you that this tactic is just another version of "kicking the can down the road for the next five years" like they have always done?
Doesn't it look like the same strategy only with different words?
Oh, just one more thing - building a casino is SOOOOOO "last year's idea" for solving fiscal problems.
Casinos aren't the money makers they used to be. How many did they close up in Atlantic City?
OT:
GUN GRABBERS PLAN BLOCKADE OF LAWFUL GUN RETAILER
[I find this to personally reprehensible. The lawful gun shops are highly regulated. It's not their fault what's done with the product once it leaves the shop.
If they want to blockade something, the gun grabbers ought to try and blockade a crack house or gang HQ - you know, make a real dent in the criminal's activity...]
THE 2ND AMENDMENT NEEDS YOU THERE, AT CHUCK'S, TO STOP THE GUN CONTROL BULLIES
Once again, Fr. [Faker] Pfleger and his band of gun grabbers plans to descend on Chuck's Gun Shop in an effort to get the shop to close down. Their latest effort involves a planned blockade of the shop on June 6th during which "demonstrators" will prevent you from entering Chuck's to exercise your 2nd Amendment rights. Needless to say, this is not the kind of activity that you, as a law-abiding firearm owner, should tolerate.
WHAT YOU MUST DO TO PROTECT YOUR SECOND AMENDMENT RIGHTS
1. Everyone reading this alert should go to the following link and sign up. The link goes to a site operated by the gun grabbers. If you sign up on the form, it will send a clear message that we stand ready to protect our rights. The sign-up link is as follows:
https://docs.google.com/a/bradymail.org/forms/d/1s5Jm_Jm51Nd3HM91asMBzBdRSkh84gRWGLN8u7MSS2g/viewform?&source=BCAM-BAGD-CHICAGO-PROTEST-2
Fill the form out completely.
2. Plan to be at Chucks Gun Shop, 14310 S Indiana Ave, Riverdale, IL no later than 9:30 AM on Saturday June 6th, to prepare to protect Chuck's from the gun grabbers.
3. Be sure to wear IGOLD or NRA t-shirts, hats, etc.
4. If you see members of the media on site, actively approach them, identify yourself as a law-abiding firearm owner, and tell them you reject the lies about Chuck's spread by Pfleger and the gun control movement.
5. Post this alert to any and all Internet blogs, chat rooms, or social media to which you belong.
6. Pass this alert along to your gun owning friends and family members. Tell them to sign up with the gun grabbers and to attend the event to protect Chuck's.
It's very important that everyone who reads this alert turns out to help defend Chuck's. We cannot allow the gun grabbers to hijack our Constitution!
SEE YOU ON JUNE 6TH AT 9:00 AM!
REMEMBER - GUN CONTROL IS A DISEASE, YOU ARE THE CURE!
The other trick up Rahmulus' sleeve is to get the state law passed for cities to declare bankruptcy. Then we can all pound salt. That's is the Feds don't do any looking at TIF funds and other monies that are squirreled away.
What you fail to comprehend is if Rahm decides not to pay the 550M, 33M in State revenue will go towards our pensions. If we take Rahm at his word, we will most likely get nothing...but we will have waited 5 years to get nothing. While 33M is small, it is larger than nothing... genius.
Anonymous Anonymous said...
What all you geniuses fail to comprehend is that if Rahm simply decides not to pay the $550M, the city will not receive approximately $33M in revenue from the state sales tax, which is shared by the state with the city. Instead, the $33M from the state will go directly into the police and fire pension funds. $33M isn't shit! If you think you're gonna make Rahm sweat by demanding the full $550M, think again. He'll just not make the payment.
5/24/2015 08:55:00 PM
Jim Ade. Shut your mouth about negotiating our pension. Stay in your lane and don't fuck up. Last time you did you almost got your ass handed to you. This time you will!! Your last attempt at a deal with the Sgt's pension tell ms one of two things. You are either an idiot and have no clue what your doing or your dirty and in bed with the RATS. Which one is it? Keep that mouth shut.
Anonymous Anonymous said...
The Atlantic City casinos are going broke and are closing up. Las vegas is having difficulties.
Why do you think any casino in Chicago will make money long term?
5/24/2015 09:23:00 PM
A casino.
Not five casinos.
One casino is a draw.
Five casinos is a glut.
You ALL might be good coppers, but you AREN'T good businessmen.
First of all, what is the Prime Directive of ALL business?
Can't figure it out?
Money talks, BullS--- walks.
You need to get CASH into the pension fund. PERIOD.
Giving Rahm and the city another 5 year grace period? WHY?
What kind of morons are in FOP?
Sorry, but I am tired of reading about how FOP "comes to the rescue" to only feather THEIR own nest and not the average copper's.
Spending needs to get cut - NOW.
No more "spectacular and grandiose" plans that benefit the "inside crowd" at the expense of the average worker.
Casinos are NOT the answer anymore. It's like saying, let's go back to six-shot revolvers. Different times demand different solutions.
FOP should be demanding payment into the fund while other city projects get "put on hold.
AND - no more brainless ideas about where to "get the revenues" by fucking over people who had nothing to do with the City's demise. Cut the budget!
Taxing suburbanites? Great idea - NOT.
If all suburbanites boycott the city for a month, no, make that a week, you'll feel it and wish they never implemented that crackpipe idea.
Ever hear of taxation without representation?
Let the suburbanites vote on City funding if they are going to be taxed and put up ALL the aldermen's positions as a referendum "Shall we have 50 Aldermanic seats or 20 seats in Chicago" and see how many are left.
CUT WASTE. CUT SPENDING. Then, if you are still dying on the vine, see where new revenues can be gotten.
As it stands now, there should be no compassion for the whole "bureaucratic machine" that dug a big rut in the budget and continues to dig faster than revenues coming in.
1) Put a 5-year freeze on ALL new developments.
2) Cut the number of Aldermen and their staffs and budgets by at least 50% (25 Total Aldermen - MAX)
3) Cut taxes on cigarettes and liquor - YES CUT - and you will see more revenues generated.
4A) Balance the budget cutting 20% across the board. Can't cut 20%?
4B) Terminate ALL directors and senior staff who can't figure it out and right there you will probably save more than 20% of the costs to run the city.
5) Realize that EVERYONE has to tighten the belt after so many years at the public trough because the Private Sector has already gone through this.
Sometimes even BIG Spenders need to cut their costs. I did.
Why is the Union even involved in this ?This is all on the Legislature. Don't give up your constitutionally guaranteed rights!
Ok - so Ade has already proven himself as a traitor to the sergeants he was supposed to represent. Shields was ousted and is being sued.
It's time for Dean to bring in PROFESSIONAL HELP. Why are we - the membership - relying on these stooges? It's obvious Dean is in way over his head.
Who remembers that the Illinois State lottery was promoted to benefit schools? De-ja-voo all over again?
I'll mention to you SCC that on this subject you are grossly misinformed and your synopsis is off the mark as well. To the sergeant who posted this story, thanks for keeping your big mouth shut.
5/24/2015 06:06:00 AM
-------------------
WHO the fuck are you and what is YOUR hidden agenda?
The truth is the city DOES want a 5 year grace period on the money the STATE LAW says is due soon.
The word SHOULD be put out to rattle the cages of these fucking political pricks to make them pay in full NOW and not attempt to scam out of it in 5 years when Rahm is back in Washington D.C. stealing bigger chickens.
Retiring commander B.L. ... congrats on being named the new Director of Security for the casinos!
Sounds like a deal for illiterates!
No interest on millions?
Why is Sergent union even at the big boy table? Might as well add the cement cutters and line painters too!
Who would deal when the cash is months away...
I would take the deal if Rahm loses power of all pension boards.
Lots of money watch Dean and ADE both seem to be a little below average intelligence and think nobody knows the fixes is in.
The pension is safe with all Chicago has going on. Stop all the Chicken Little hand wringing and act accordingly. We'll said Jew Rahm
So Local 2 is on board.?? Bunch of uneducated self serving idiots.
I really hope all you very brave bloggers under the umbrella of Anomoninity also put in a call to Dean Angelo and the gang to say no to agreeing to this.
Otherwise You are just a clanging gong in the big city. All talk, no action. Here is a great opportunity to see how loyal Dean Angelo really is.
I really hope and seriously doubt the credibility of this story...How can all these organizations agree so fast?
Knock knock dean it's us, FOP meeting you do this march out dean leave the keys! Failure "don't do it"
As a pension trustee from a suburban PD I have this advise. Make the city pay their $550 Million OBLIGATION when its mandated to be paid in 2016. If they make you wait 5 years you will be losing 5 years of compounded investment returns on that $550 Million in your pension. Do the math 5%-10% investment returns over 5 years on that $550 Million. You will never make up that money. Protect your pensions.
Anonymous said...
We have a retiree complaining about his upcoming payment, of $ 1100 a month for insurance. Write a check to ; Krislov & Associates, Civic Opera Building, Suite 1350, 20 North Wacker Drive, Chicago, IL 60606.
In the memo line, write ; Retiree healthcare lawsuit.
Everyone, active and retired, should contribute to fund this lawsuit. Everyone. The active guys are next.
5/24/2015 07:30:00 PM
Thank you again for posting that info. I just mailed a check on behalf of my retired husband and I.
Quick question. Does anyone know what an officer who retires today between age 50-54 will pay each month for single coverage BCBS health insurance thru the city?
Anonymous Anonymous said...
What all you geniuses fail to comprehend is that if Rahm simply decides not to pay the $550M, the city will not receive approximately $33M in revenue from the state sales tax, which is shared by the state with the city. Instead, the $33M from the state will go directly into the police and fire pension funds. $33M isn't shit! If you think you're gonna make Rahm sweat by demanding the full $550M, think again. He'll just not make the payment.
5/24/2015 08:55:00 PM
5/25/2015 01:18:00 AM
It's more than just the sales tax. Any grants, Federal monies, bequests that can legally be redirected will also go to the pension fund, instead. Buh-bye, pet projects.
To all you know it all's... the fop has absolutely no say so in the pension funding. Wake up and stop the rumors. Lastly, I'm sure you can do a much better job for the members. Hope to see your name on the ballot.
Compromise is for people that lack conviction.
Democrats win because they never compromise.
Republicans lose because they do compromise.
A bank calls your note when you miss a payment. These politicians (Democrats) have been like a squatter living rent free in the house Ive been paying for. Well Time to pay up. In this case We are the bank. DEAN NO COMPROMISE. PAY UP AND GET OUT.
WE have to live here pay property taxes, city stickers, water bills, fees on every utility, extra on insurance because of my zip code, and into the pension fund.
Anonymous- "Then the city needs to allow gaming machines and poker rooms."
5/24/2015 06:59:00 AM
Reminds me of Montana, not sure of the laws now but they used to have legal poker rooms in the rear of bars.
The saying was, "Liquor in the front;Poker in the rear."
Fuck You, Pay Me!
To put it bluntly.....HELLL. NO......
Anyone remember how long it took for the current DesPlaines casino at Higgins and River Road to get done? Close to 10 years, then, don't we all know who ended up as "owners"? Check out the list.....all politically connected heavyweights.......
A casino deal for Chicago will be in the same boat, so to speak.....EVERYONE will want their share, will be court fight after court fight, with Springfield cronies pulling their usual crapola over the license......and, who by the way, have contributed to the massive underfundings of all the state pensions........the same two major politicos who reneged on just about every promise given.....so there are no guarantees that a Chicago casino, with our pensions getting the cash from the profits, is anything more than a pipe dream......
So, HELLLL. NO........let the Rammer put in his 500 Million NOW.......let it earn interest upon interest upon interest.....we could NEVER make up that amount of $$$$$$ into the fund......had ALL the city's payments been made when due, our fund would be in great shape.....they didn't pay when interest in the 80s was 18 percent, in the 90s when it was 12 percent......so let them pay NOW.....each and every one of us has paid our share each and every pay day......do NOT let the Rammer ramrod us with this "deal "......no more kicking this can down the road.....
Stand United my brothers and sisters.......each and every union needs to see this bait and switch for what it is.....
A person retiring today, without insurance guaranteed as a contract benefit, would pay about $ 675.00 per month, with another raise in January 2016. Should the FOP lose the healthcare lawsuit, city health insurance will be terminated in 2017.
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