Did Dean Just Detroy the Pensions?
We got this in an e-mail:
- To all CPD,
The following excerpt is taken from Senate Bill 777 that just passed and is headed to Gov. Rauner for approval. The governor's approval or veto is meaningless as this bill passed with veto proof majorities. This is the bill that reduced by several hundred million dollars the City of Chicago's Actuarily Required Contribution (ARC) to the pension fund. What I am showing you here is new language that was quietly inserted into the bill. THIS LANGUAGE IS VITALLY IMPORTANT AND POTENTIALLY RENDERS THE CITY FREE FROM EVER PROPERLY FUNDING OUR PENSION!
Any payments required to be made by the city pursuant to this Section are expressly subordinated to the payment of the principal, interest, premium, if any, and other payments on or related to any bonded debt obligation of the city, either currently outstanding or to be issued, for which the source of repayment or security thereon is derived directly or indirectly from any funds collected or received by the city. Payments on such bonded obligations include any statutory fund transfers or other prefunding mechanisms or formulas set forth, now or hereafter, in State law, city ordinance, or bond indentures, into debt service funds or accounts of the city related to such bonded obligations, consistent with the payment schedules associated with such obligations. [emphasis added - SCC]
It appears that this new language lets the City of Chicago off the hook from any court ordered payments to our pension fund. It clearly states that any payments to the pension fund are "SUBORDINATED" to payments for any bonded obligation debt outstanding or to be issued. In essence, the City will pay any other outstanding debts before it pays any court ordered pension payments due to failure to comply with the new payment schedule contained in this new law!
Senator Pamela Althoff (R - McHenry) questioned the co-sponsor Senator Cullerton regarding this new section. Senator Cullerton then did something curious. Senator Cullerton asked to pull the bill for a private discussion with Senator Althoff regarding this issue. A short time later, Senator Cullerton brought the bill back for debate. The bill was debated along party lines but this issue was never mentioned again. The bill was summarily voted on and passed along party lines. Several times during the debate, Senator Cullerton stated that this bill was crafted with police and fire union representatives.
We will confess to being less than perfectly informed about certain issues and not up on all the legal jargon that accompanies the legislative process. But at first glance, this looks very bad. At second glance, it looks even worse and it isn't getting any better. Did the heads of the CPD and CFD unions just let Rahm off the hook for funding? Someone commented that the PBPA reps didn't, but their websites aren't very helpful, though we did find this link from Bloomberg:
- Chicago bonds rose after the Illinois legislature cut more than $200 million from the city’s required 2016 payment into the police and fire retirement systems, a move to provide a partial reprieve from its pension burden.
Illinois’s General Assembly gave final approval Sunday to a bill that would reduce Chicago’s pension payments over the next five years. The average price of a general-obligation bond maturing in 2040 climbed 1.5 percent Monday to 91.7 cents on the dollar. That pushed the yield to 5.6 percent, the lowest since May 12, before Moody’s Investors Service announced that it cut the city’s credit rating to junk.
“It alleviates an immediate fiscal pressure,” said Gary Pollack, who manages $6 billion of munis as head of fixed-income trading at Deutsche Bank AG’s private-wealth management unit in New York. “That’s obviously positive for Chicago, which means it’s positive for the bondholder.”
It would appear that the market is already assuming the Bill has been signed by Rauner...and Rahm is off the hook at no cost and without a casino in existence. Sorry, but the FOP is doing a piss-poor job of keeping anyone informed.
The next FOP meeting is 16 June at 1900 hours. We'd expect every single retiree to be in attendance to find out exactly what is going on along with everyone even close to retiring and anyone currently hoping to get a pension - pretty much everyone.
The next FOP meeting is 16 June at 1900 hours. We'd expect every single retiree to be in attendance to find out exactly what is going on along with everyone even close to retiring and anyone currently hoping to get a pension - pretty much everyone.
Labels: pension
posted by SCC at 12:21 AM
209 Comments:
Of course we got fucked. I've been saying for years that all these dimwits playing "master negotiator" is a fucking joke. Most of them weren't even decent policemen, let alone business agents to the stars like they like to pretend in their little club houses. For the love of God, use our dues to hire someone who actually knows what the hell they are doing you blowhards.
Looks like your man helped himself, instead of the rank-and-file.
"Go along to get along."
Was there any doubt, though?
This shouldn't come as any surprise.
Now, they better pay him his 30 pieces of silver. He earned it.
I wouldn't call this bad. Look at it this way, it's progress.
The state is moving forward. Really, it is.
I miss signing all the Bills into law and giving out the pens.
See you at the next Parade.
Can we sue the FOP for negotiating pension issues? I thought they are not authorized to do that. Fop reps please explain????
Dean, your a one way MF'er, You have stopped all work and you will be tossed out soon. F-U !!!
Mother of Troy.
These self-aggrandizing imbeciles are trying to permanently place large investors and bond holders ahead of city employees, their families and pensioners. Even with the Supreme Court firmly siding with public employees, these weasels still want to try flipping things upside down for the sake of a select few at the expense of virtually every city employee past, present and future.
This is too much. This is sick.
O.T; Just wanted to say "thank you" to all of the 009th District that responded to the off duty P.O. 10-1 at 2901 So. Poplar last night. Thank you to car 900, 900x, the DSS and area central detectives for your help and concern. Thank you to the Sgt. and Lt. on scene and the paper car as well. Thank you to the female Sgt. for the assistance in the station and thank you to the tact guys for securing my vehicle. Sorry if I forgot anyone. You all are a great bunch of coppers.
We got fucked is what is going on. And Dean fucking Angelo Sr assisted in the fucking. He gave the City of Chicago the biggest gift ever and we got shit for it. No trade off, we just got fucked but good. The City NEVER has to fund pensions now. Rahm is creaming in his jeans. Holy shit, he got that and we got nothing. The only leverage we had was that ARC bill and OUR FOP PRESIDENT gave it up for NOTHING!
I can't fucking believe that!
Time to sharpen the pitch forks and light the torches!!!!!!
We've been bamboozled, again!!!
Yet, there will be no diminished link, sec.8, or any other welfare
to the non workers..
. Maybe the joke is on..........
Us
Keep working hard boys and girls, the welfare state depends on u
Sorry but you guys and gals just got fucked! The city doesnt have to file bankruptcy they simply pay other bonds and avoid pension payments while continuing in the great tradition of ripping off the public. For rahm and the others to slip this in and pass it was the kiss of death for the fund. If you are young run from the city and if you are older pray a lot.
This would mean that until every single penny of city bond debt is paid off, these payments to the pension will not be made.
And Cullerton, "Friend of the Working Man", tried slipping that through? Outrageous.
Even if Chicago paid off every penny of debt tomorrow, we all know Rahm would borrow some more money via bonds to build anything else before he put that money into the pension. This is unacceptable.
Looks like this garbage bill is headed right to the courts like the last state bill. There is no way this will stand.
Does anyone know if there is a way to opt out of the pension on an individual basis. I would rather keep my contributions to invest myself.
*** Coppers Pay Attention ***
Senator Cullerton pulled the bill at the end of the session for a motion to reconsider the vote. I'm not sure why he did that. It may have something to do with eliminating this escape clause. I urge all coppers to contact Senator Cullerton's office and ask him for clarification.
Senator Cullerton's Chicago office number: (773) 883-0770
Senator Cullerton's Springfield office number: (217) 782-2728
You may have to leave a message...DO IT!
Another 'BS state law VERSUS the Illinois Constitution' fight already?
Do they doubt the outcome, or is this a way to put off payment until they declare bankruptcy? Losing this legal battle will add tens of millions of dollars more to Chicago's more than half billion dollar pension payment.
I suppose we could find out who the city will be hiring to defend them by looking through the political donation rolls since they may as well grease some (more) palms on the the taxpayers backs.
I admit I don't completely understand this but, can the city simply craft a bill that says they don't have to make court ordered payments to the pension? Seems to mean that the courts ruling has no real meaning. Break this down for me/us.
Nothing, zero, unreal with FOP and the PhD moron did to FOP. Is the place closed for business or did I hit my head. The fall leaves from 2014 cover the front door. I would say they all skipped town with the poke !!!! Bring back the C.O.P from the 70'. Their constiution was written in old Mike' on Webster in June 1976.
I signned it.
There will be no meeting, the are living in Cuba now with all the USC.
How the hell could police and fire unions be on board with something so detrimental to us without ever polling its members?
Rahm crafted this bill. Talk about the fox running the henhouse!
Do our unions only see Rahm's pathetic smile but never feel the knife in between their ribs?
So...
Dean "Dr.Traitor" Angelo...
Is whatever Rahm Emanuel promised you and yours
for your willing betrayal, worth the hatred and derision
of not just Policemen in Chicago but nation-wide?
Most telling is your avid aversion to leveling with the
Membership and keeping us fully informed as to what
was going on between you and that smarmy little
fork-tongued weasel at city hall.
May you live to be a sad, sore and sorry little man.
Enjoy your proverbial thirty pieces of silver.
Traitor.
I am an active Sgt paying an annual FOP membership. I am appalled by the lack of communication from the FOP leadership regarding their opposition to the out right neglect by Madigan (pompous, selfish jerk that he is) and Rahm regarding the city's payment obligation to our pensions. Truthfully all the blame is not at the doorstep of Rahm but most of it is the fault of our Royal Mayor, Little Richie Daley. And when you come to think about it more closely, the blame extends to pretty much all the aldermen, and ILL House Reps & Senators because they were allowed by our unions to just kick the can down the road. Perhaps it is OUR fault because we didn't put a stop to the can kicking. When was the last time you saw a genuine concerted effort to unseat one of these politicians? All you hear is, "GIVE ME MINE FIRST" and the heck with everyone else.
You had to know from day 1 that Rahm was never going to pay. The message I get here is that police lives don't matter and all involved in pushing this legislation could give a rats ass about me or my brother officers and our families. The next move will be to reduce the pensions on our backs. They already believe we can survive with 125% above the poverty level. I wonder what their pensions look like?
Can we impeach Dean?
It's true he sold us out. The unions phones should be ringing off the hook. He has been in cahoots with the mayor and orchestrates very nicely although shields didn't help himself. Pension is gone in exchange for future promises that won't come to fruition. Count on working as a security guard at the Casino for 10$ hr to make ends when you are 63.
Rather than being Rahm's lap dog, our union should organize some informational picketing at key events in the city covered by the media. Time to embarrass the murder mayor. We need to stand up and be counted, unless we really are lap dogs, and just do as we are told by 9 and 1/2 and just take it.
Not one email or post on any of the union websites to mention this bill or to start calling our representatives to oppose this legislation, yet they claim they didn't negotiate with the city. Despicable for All the unions!
When has FOP done anything other than a "Piss Poor Job"? All I can say it this. This is what we get for not sticking together. Take my pension, and I guarantee you will not like how I act!
I'm sure the PBPA unions can confirm the fact that FOP and Fire took the reins on this pension issue, even having meetings and such with the city that cut PBPA out. I know the PBPA guys are not happy.
Screw it, let this city burn and the savages kill each other. More and more shit is coming to the Mag Mile, Lincoln Park, and Wrigleyville. Let it come and let them have it. Chiraq is here my friends and I really don't care anymore, just like the city does not care about me now, or after I retire it seems.
Most likely due to Moody's recently downgrading Chicago bonds to junk status, which raised the cost of borrowing immensely. This says bond holders are first in line.
If that is so then back to court we go, a new law will not supercide a court order, and laungage in the constitution has been upheld by the Supreme Court of the land!
This is incentive for the City to borrow as much money as possible and then piss it away. Sorry, no money for pensions because we are obligated to pay the bond holders back first. You get the crumbs. If restrictions were put on borrowing, I could go along with this but Rham will continue to borrow to pay operating expenses. This is bad.
The rich will always be paid.
I was just reading an article worried about rahm paying teachers pensions. He is up to something about their pensions in Springfield too!
He knows they will strike! What a greasy little turd!
http://www.chicagotribune.com/news/local/politics/ct-rahm-emanuel-cps-pension-payment-met-0603-20150602-story.html
Mayor just:
1, Reduced his payment schedule to the pension
2. Put every other creditor ahead of the pension fund
3. Failed to secure the 3% cola for every member under 60 years of age (born after 1955)
This is far worse than "the letter"
So what your telling me is that my FOP dues money that goes to the PENSION committee is being fricking wasted!
List of so called members who seem to lack any ethics and seem to be absent! I don't even get emails anymore from FOP or text alerts to get angry!
Alot of clowns on this list who could not run a lemonade stand.
Pension
Last First Position
Lonergan Tom Chair
Basile Michael
Burns Bill
Donahue Mark
Hanley Anna
Hauser Ken
Hayes Michael
Howe Mark
King Rick
Rios Lee
Rizzi Joe
Salzman David
Schauf Ralph
Schorsch Steve
Don't worry about pensions. The country will go belly up in a few years anyway.
If Dean allowed this to take place he needs to be removed asap! At some point in time politicians need to be held responsible for the bullshit as well. Sending tax money to the middle east while this country crumbles. There needs to be recalls on every level of government from the lowest to the highest!
Is it in Deano' s best interest to do anything? You have your answer.
This is nothing more than a Mark Donahue political stunt to cover up his mistake on the intercept being only a percentage of state grant money. If the city does not pay the arc we intercept 22 million. No language to go to court. Thanks Mark. This Bill forces the city to find the pension not forgiving one cent. Oh and if they don't we can sue the city. Nothing to see here move along and when you see Donahue slap him.
This is all because Mark doesn't get the Capitol fax for free. You never heard a grown man cry like a Donahue at the Board meeting yesterday.
My only question if this is true. Why would Dean screw himself his father and his kid out of a pension? If it walks like a duck......
DeaNo is related to Ralph Schauf FLOP Politcal Action Committee (Blagos Stollie Former Driver)and Driver for Eddie Burke
And We Trust DeaNo
Eddie Burke better be careful
Will be there Dean don't worry sign you resignation papers and have them at the meeting along with your entire building full of fop lackeys with their papers in hand? Phd? Ok dean phony!! You can run dean but can't hide if you hurt us all like this!! Cullerton madigan rahms promised you what dean? Your kid get that promotion? Is McDonough in on this? Was that the plan when you both ran?
The court said they cannot diminish the pension, isn't that action diminishing the pension?
The membership needs to make our voices heard. This is a MUST ATTEND meeting.
From market watch website pension story it says the pension obligations are not big of a burden to the city guess rahms and the alderman just refuse to pay them?
http://www.marketwatch.com/story/chicago-pensions-move-to-center-stage-2015-06-03?dist=beforebell
Dean's Board unanimously voted and approved to draft a casino bill. That did not happen. Instead, Dean went around the unanimous vote and went to Springfield where he told lawmakers that police are "neutral" on putting off the payment.
I don't blame Donahue for trying to start a shit storm. He has to create an issue to take the eyes of him and the citywide guys. The FOP has all the emails between then and the State over the Shields fiasco.
Unfucking believable - what the hell is the FOP doing??? The court mandated that payment, so they just decide to make a law to override the original court decision. Is there any legal recourse for this? They are actively trying to bankrupt the pensions -- and this is blatant proof. This is absolute bullshit and I know everyone has had it to the gills with all these asshole kleptocratic politicians. Watch, this just allows the city to continue to spend more money on other unnecessary and frivolous projects that serve nothing else than to enrich the connected friends and donors of the elected. Time to sharpen the guillotines people.
Sure he sold out.
They can make any deal they want, The Illinois Supreme Court will knock it down.
Let. This. Bitch. Burn.
To all of you who voted for a pension scammer, you get what you deserve.
I would like to know what pension fund handles the pensions of alderman and state legislators? What is it called? How well funded is it? I am going to call my alderman's office and I will ask them that question. If their pension benefits are funded better than ours and I suspect it is, then we should do something about it. If they are going to force us to live poor because the city is broke then they should live poor too.
Can I just cash out of my pension and roll over my "paid in" funds into a 401k?
The clouted being taken care of again! Who do you think were pressured into buying what now amount to junk bonds?
Time to call Rauner's office and beg him to veto this . . . . so that we can buy time to call our representatives and senators to have them change their minds.
Maybe someone, Needs to have Dean directly answer this question! I called pension board this morning for clarification waiting for a call back, this is to serious to not be answered!
also wrote to John Cullerton,Mike Madigan and will call them along with rep Danny Burke!
Did I read somewhere here that Dean's kid is being put in for a merit promotion? A reward for Dean's subservience?
Rauner and the cpd chiefs should appeal that and take it to the supreme court so they can loose yet another case of stupit bully politics thats why they hired Lori lightfoot i mean appointed. i bet whom ever in the police department goes against Rahms wishes they can always make up shit up and fire good cops.
Just called madigans office waiting for a call back! To get true answers call your state senator,state representatives, alderman, County reps, FOP, what is the 100% "real deal" truth, this is a subject pensions that should concern every copper every boss this should be the #1 thing we are united on!
I think its funny how people are bitching and moaning about it. Oh thats right, that means you cant just do your BS stops anymore? Can't Motherfuck everyone and walk away? haha. Its 2015, time to adjust your PO-LEECE tactics. You know it is possible to be proactive and NOT an asshole at the same time. Try it fellas. That is all I have...... (exit stage left)
6/01/2015 04:39:00 PM
mike I love ya kid but when have you ever been proactive? When are you ever in branch 44? You are on a tact team and you are never in branch 44. Something tells me that your proactive police skills are lacking a bit!
Couldnt agree more great guy but not so much of a worker!!
Yeah,wild guess here,about 15 people will show up at the FOP meeting on June 16,2015 to protest Dean Angelo's duplicity in destroying our Pension Fund. Dean Angelo won't be there..He is a True Coward..
No doubt a complex and shady deal just went through, pass it to see what's in it. But then there's that "diminished" word in the State Constitution. Will that be enough to overrule more of the bullshit these politicians are trying pull?
I'm sure by now that many, many Rahm-Rauner supporters (yes they still have their lawn signs out), that are feeling a bit let down.
"But hey, they promised...."
Another 'we don't want to piss them off/we might need a favor' FOP-PAC FAIL
Does Dean have the authority to waive such mebertship benefits?
Finance guy from fop came to roll call in 24 and explained that changes made to lower initial pmt to $380m then make necessary pmts over time. This raises bond rating to borrow to build casino. On surface sounds reasonable but with politicians, lawyers, and money involved God only knows what really is going to happen. They can't get out of paying pension. Can't reduce benefits. Can't declare BK, to much revenue and if they go BK have to give up control. And we know they never going to loose control of Chicago inc. They loose the skim.
How do you go against a court order and make a bill with any language that goes against a court order and decide not to take the judges order and make up your own,sounds like another stupid move to get sued and lose😎 he like eff u eff u and eff u,I need your 💵!
when do we march on city hall? when do we publicly call out the mayor and governor on everything? lets march 2-3x a week, every week. stagger the days and march times so more can make it. FOP, get some busses lined up. Save the money from the golf outing, the fishing contest or even the picnic and pay for busses and signs. I think our pensions are more important than those things. lets go!
I hope you are all ready to be lied to. Enjoy the meeting.
What this means that all bond holders will be made whole before money is paid into the pension fund. They will default on pension payments before they default on any bond. But don't forget, you will still be guaranteed 125 percent poverty level payments, so you will never be left with nothing.
Again let me repeat. Madigan was voted in and no one ran against him. Rahm won in a landslide, the media and almost everyone says only Rahm had a plan. Was Garcia really that bad where he would just not pay into the pension and say fuck you? What is worse at this point? Sad day for Chicago for this situation to be staring us all in the damn face. Not a cop but my dad was a paramedic, one of the first actually. This is a fucked up deal.
Cut Pensions of hundreds of thousands who have earned them, but not cut Welfare or other Entitlements of those who have earned and contributed nothing, and never once risked their Lives to protect others ? ? ?
Time for a one Way trip to the woodshed for anyone who touches a dime of our pensions IMHO.
“Any reduction in city contributions would have a deleterious effect on the plans’ already precarious condition,” Moody’s said in the report. “As the plans approach insolvency, risks to the city’s solvency will grow.”
This quote is from Moody's bond rating...
If SB 777 isn't inhibiting "diminishing or impairing" pensions, as the SC stated they shouldn't be, then I don't know what does...This bill should be challenged in court as I am sure it will be rendered unconstitutional
So a politically connected bond holder gets payment before a blue shirt gets his pension.......Dean, you failed us. Please stop hurting us, we can't continue to be hurt by you. Your hurting my wife, my children, and others with your actions and in-actions.
Anonymous Anonymous said...
Time to call Rauner's office and beg him to veto this . . . . so that we can buy time to call our representatives and senators to have them change their minds.
6/03/2015 09:07:00 AM
The legislature has a veto proof majority. They can override any veto.
We're fucked.
That's the long and short of it. The only weapon we had and our FOP President gave it away. WE'RE FUCKED.
I voted no for this contact and for all you who voted yes u all did this to yourselves. Everyone who voted yes saw the green and didn't see what was really in the big picture. Great job!
Anonymous Anonymous said...
I would like to know what pension fund handles the pensions of alderman and state legislators? What is it called? How well funded is it? I am going to call my alderman's office and I will ask them that question. If their pension benefits are funded better than ours and I suspect it is, then we should do something about it. If they are going to force us to live poor because the city is broke then they should live poor too.
6/03/2015 08:48:00 AM
It is called the "We got ours so fuck the police and fire" pension fund. It is funded 100%, guaranteed. There is nothing we can do. We just got screwed. That ARC law was the best thing we had going and now it is subverted by our FOP President. Mark Donahue worked to get that law. This regime fired Mark as lobbyist. Stupid. Dean Angelo will go down as the absolute worst FOP leader of all time.
You fucking stupid assholes who supported him and got him elected. He fucked us, don't you all realize that? Now the City declares bankruptcy and says they don't have the money to pay pensions since this law mandates bondholders get paid first. This was probably the last piece of the puzzle before Rahm pushes Chicago into bankruptcy and we ALL get our pension slashed to no more than 125% of the poverty level.
Go do your contact cards for your overtime you fools. There won't be any pension now. Peanuts will be left.
Just for SANITY'S sake I'm curious if there's Any way that The City made a priority of having the ability to borrow. It's Credit Rating has to be top 10 in worst Big Cities to lend too. Our credit is SHIT. Wouldn't loan Chicago a nickel that I found on the street.
That being said I'm not foolish enough to believe Rahm, Rauner, Madigan, or even "Iron Mike" Ryan are here to help.
Just saying, just to try & maintain something " resembling sanity" knocking out debt is a prudent move if U'r Credit is deemed as Shit! That's not even trailer trash white styrofoam Credit.
While I would never accuse PBPA Sergeants Union President James Ade of being "cerebral" he has many sergeants reps. who are. At least they can understand English and have common sense and it's why we voted against this bill which ultimately would serve to "diminish and impair" the pension by failing to fund it. The patrolman voted for a St. Patricks HS half-wit who thinks he's George Gompers and is devious.
Does anyone know if there is a way to opt out of the pension on an individual basis. I would rather keep my contributions to invest myself.
You are either with the mayor's office or completely spineless. A lump sum is what the city wants to give you.
The FOP is going down the same road that the CTU has gone down; and look how its worked for them: the teachers' pension plan is 3/4ths of a billion behind where it should be. The city always uses the same tactic: when pension fund payments are due, they threaten there will be drastic budget cuts and lay offs if they are forced to make the required payments. The union, leadership, not wanting lay offs, relents. Well, FOP, you arent doing anyone any favors. Unless the incremental payments are made as scheduled, there will be massive layoffs when the city can no longer push back the payments and the balloon payment comes due. If the mayor, council and Springfield wont increase revenues now to cover the smaller payments, what makes you think they will approve a giant tax increase to cover the balloon payment? They wont. Dont be foolish and think a gambling casino is going to pay for eveything.I can just see the statement from the Mayors office: "Earlier gambling revenue projections were grosssly over estimated...making layoffs necessary
In case of bankruptcy the following should be considered:
Cities in Illinois cannot, as yet, declare bankruptcy. That law is not yet law.
In case of an actual bankruptcy filing by the City of Chicago any law that subordinates pension payments to bond payments doesn't matter one iota. A bankruptcy judge decides where and for what any funds are spent, not state law. If a judge says "Pay the pensions" then that is it. If a judge decides bondholders get 50 cents on a dollar then that is that. Whatever Madigan and Cullerton (Capone and Nitti) conspire to do doesn't matter in case of bankruptcy.
It is, however, imperative to get Dean Angelo Sr out of office as soon as possible. Mike Shields never did as much harm to the membership as Dean Angelo has already done. This guy has to go and quickly.
If Dean Jr's career skyrockets over the course of the next 5 years, then we'll know for certain that Dean Sr. sold us out. Dean Sr is either clueless or complici. Regardless of which one, he has to go.
If you understand first and foremost that stealing Pensions in any amount is a Democrat-Communist re-Distribution of Wealth Scheme, you will begin to get the big picture. This is what Communist Regimes do when they are going broke from excessive spending to furthur live their high lifestyles, and to further the causes of the Regime. They always go for the path of least resistance, (the weakest link) in this case, the Pensioneers, who are mostly White, Middle Class Taxpayer, elderly blue collar worker types, who might bitch and moan at best, but won't out and out commit any violent acts, riots, cicil disorder, or protests, as they are once again being raped of their money, which the Regime will easily seize, and again squander on themselves and their goals of maintaining power for the Regime. It is like thug/prison Law of the Jungle, if you're not big enough and bad enough to defend yourself and your possessions, we're gonna take them for ourselves. This is why rioters in the inner cities always get catered to, one way or another, they get in the face of the powers to be, and it works every time, as civil disobedience is far harder to explain away than just some pissed off people who do nothing to fight to defend what is theirs. Once the Regime gets a toehold, a foot in the door, and gets even 5% of our pensions, the rest WILL slowly or rapidly follow. Union Leadership, the tool of the Communists (ie. Democrats) will put on a big show about defending their workers pensions, but it's all Kabuki Theater, they will Koww-Toww in the end every time. And if you younger, newer people on the job tjink this only applies to the old-timers, wise up. You are sadly mistaken. A Nod is as good as a wink, to a Blind Horse.
I admit I don't completely understand this but, can the city simply craft a bill that says they don't have to make court ordered payments to the pension? Seems to mean that the courts ruling has no real meaning. Break this down for me/us.
======================
The bill appears to clarify that revenues designated for bond repayments have to be used for that purpose. I am not sure why such a clause would need to be added unless there is no such requirement elsewhere, which would make government bonds issued by the state or it's localities a whole lot more expensive.
In other words, if you sell bonds by claiming they will be repaid from a specific revenue stream, the bond repayments have to be made from that revenue stream before they are used for something else, like pension funding, or building more parks to name after wives of former mayors.
If this is what is being done, it is a completely rational thing to do.
Rather than being Rahm's lap dog, our union should organize some informational picketing at key events in the city covered by the media. Time to embarrass the murder mayor. We need to stand up and be counted, unless we really are lap dogs, and just do as we are told by 9 and 1/2 and just take it.
6/03/2015 06:02:00 AM
If you understand first and foremost that stealing Pensions in any amount is a Democrat-Communist re-Distribution of Wealth Scheme, you will begin to get the big picture. This is what Communist Regimes do when they are going broke from excessive spending to furthur live their high lifestyles, and to further the causes of the Regime. They always go for the path of least resistance, (the weakest link) in this case, the Pensioneers, who are mostly White, Middle Class Taxpayer, elderly blue collar worker types, who might bitch and moan at best, but won't out and out commit any violent acts, riots, cicil disorder, or protests, as they are once again being raped of their money, which the Regime will easily seize, and again squander on themselves and their goals of maintaining power for the Regime. It is like thug/prison Law of the Jungle, if you're not big enough and bad enough to defend yourself and your possessions, we're gonna take them for ourselves. This is why rioters in the inner cities always get catered to, one way or another, they get in the face of the powers to be, and it works every time, as civil disobedience is far harder to explain away than just some pissed off people who do nothing to fight to defend what is theirs. Once the Regime gets a toehold, a foot in the door, and gets even 5% of our pensions, the rest WILL slowly or rapidly follow. Union Leadership, the tool of the Communists (ie. Democrats) will put on a big show about defending their workers pensions, but it's all Kabuki Theater, they will Koww-Toww in the end every time. And if you younger, newer people on the job tjink this only applies to the old-timers, wise up. You are sadly mistaken. A Nod is as good as a wink, to a Blind Horse.
There is a key phrase.
consistent with the payment schedules associated with such obligations.
it does not appear that bonds can be prepaid under this clause. just that the bonds payments come first. that is pretty standard for bonds. they are very high in the food chain of debt.
I would just like to know that if a Court orders specific payments to be made to pensions funds (or any fund) can a state legislature just pass a law to circumvent that court order?
And, can the FOP negotiate or bargain an individual employee's pensions benefits?
As a retiree, I came on the job when there was no FOP/union. I was automatically (as are all city employee's) placed into a pension fund. I (as are all city employee's) not given any other option than the city pension fund.
How can the FOP or any other union bargain the pension benefits?
Can someone who is knowledgeable about these things in Springfield and with the FOP please respond?
Dummies: If your Leadership (FOP or otherwise)is already showing signs of buckling, compromising, or giving in, that equals future "surrender" , and you should already be taking definate, aggressive steps to remove them. They are probably beholdin Tools of the Rahm-gime (read: COmmunistPartyUSA),anyways.
Remember, Democrats ARE Communists, and they DO want to take YOUR earned Wealth, and re-distribute it to themselves and their freeloading, do-nothin, deadbeat followers, so those deadbeats can continue to get their freebies, and keep voting Democrat. Simple as that.
A Republican from Mchenry cares more about our pension than Chicago Democrats.
And Democrat Madigan proposed to diminish our pension.
They can make any deal they want, The Illinois Supreme Court will knock it down.
6/03/2015 08:19:00 AM
Exactly , all it will take is one police officer filling suit and it will be struck down by the Supreme Court.
Anonymous said...
Screw it, let this city burn and the savages kill each other. More and more shit is coming to the Mag Mile, Lincoln Park, and Wrigleyville. Let it come and let them have it. Chiraq is here my friends and I really don't care anymore, just like the city does not care about me now, or after I retire it seems.
6/03/2015 06:10:00 AM
You my friend must have been at least a B student,stuck in a job predominantly filled with C students.The areas you've mentioned are heavily liberal,yuppie neighborhoods.You are correct,they don't give a shit about you or your family now and will cheer as the city screws you in retirement.Handle your jobs accordingly.
Didnt dean campaign that any of the board members could of sent "the letter"? Well, under the same, can any of the board members take action now? Or will dean have them kicked off the board like he did with tim moriarty and voight and appoint his own?
Is there anything that says we need the FOP to be our union?
How about we leave the FOP and join the Teamsters??
The Teamsters won't let stuff like this happen to us.
To Rahm: Amind all this talk about the pension, where is the bill for the casino that's being promised to pay the pension bills?
Without the casino, the pension fund won't have to paid.
Rahm's plan is the old magician's trick, look at this hand (casino) while we trick you with the other hand (senate bill 0777). Poof -- just made your pension money disappear! No casino. No pension money.
As said before, this bill is kicking the can down the road, and in four or so more years, the Illinois Supreme Court will be hearing motions and lawsuits again about the pension fund. This gives the powers that hate us more time to alter the Illinois constitutional amendment that protects us.
Blogger rosco said...
Can I just cash out of my pension and roll over my "paid in" funds into a 401k?
6/03/2015 08:48:00 AM
If you have less than ten years of service then if you resign you get your money back plus 1.5 percent simple interest. Once you hit ten years of service you are vested into the pension.
how can anyone be surprised that the banks and bondholders get paid before the people promised a pension.anyone been paying attention the last 6 years?rahm would privatize ALL city services including police and fire.
Can we sue the FOP for negotiating pension issues? I thought they are not authorized to do that. Fop reps please explain????
6/03/2015 12:45:00 AM
I also thought FOP cannot negotiate away our pension benefits.
Just spoke with the senators office. Unfortunately what is stated is correct the Bill was passed to give priority to "more important" city debt. What this allows is for the city to make a small payment to the pension fund this fiscal year and not the ordered 600 mil.because they would of used that money to pay other debt. By making a small payment and showing good faith in the states eyes the city will eventually catch up and our pensions will not be diminished as stated... Yes the can is getting kicked down the road.The senators office did not know if the police and fire unions where on board with the 777 bill. The senators office stated they expect to pass another Bill to clarify this one if the governor does files it. Please call senators cullerton office and ask your questions. Caitlin was the person who I spoke with and was very helpfull. Call the Springfield office the number was provided in the comments section. Our future depends on it
Why didn't you sue the FOP when they changed the pension from a property tax multiplier to the ARC? Goofs
A few years back I stated that the city would never pay. Had a few comments about state law and the rest of that nonsense. Basically, the city kicked the can down the road a bit. The pension fund will get more money and be solvent for a little while longer. In 2008 I guessed the fund would be belly up by 2020. With the additional revenue, 2024 or so would seem reasonable barring another catastrophe. It is amazing though, that next contract time, all the posts will concern themselves with the retro money, just like the last contracts.
Stay safe and max out your deferred comp.
old retired guy
YET! This city expects us to go out on the streets to do Police work!
FUCK OFF! ROD [Retired On Duty]!
Dean Angelo is a fool. We have been in the middle of fighting for our pensions for more than 5 years. Dean gets elected and fires everyone that has kept us out of this for the last five years. Now we have people down there that don't have the know how to get things done. This was done for personal reasons, not for the good of the membership. There is nothing in the by-laws to impeach a president. A member must bring up charges on the president. That is the only why to get rid of this fool. I was told there was a special board meeting on this last week. We need to know how each board member voted. They were probably lied to by Dean.
This bitch session is all well and good. Question is, what's anyone going to do about it?
We need to overflow the hall at the next meeting and ask Dean
what was his reward for leaving the membership at sea.
Gross incompetence.
Dereliction of duty.
Exposing the membership
to grievous harm.
Conspiring with others
against the interests
and well being of the
membership.
Good grounds for impeachment
and removal from office.
There may well be blood at the
next meeting and the usual
nodders and farters over in
the "amen corner" will be
barking up a storm at anyone
asking any hard, pointy and
awkward questions of Doctuh
Dean.
Dean... By your own hand...
You reveal yourself as a cowardly,
one-way, scamming, traitorous m/fer who was
NEVER A POLICEMAN.
Yet by the Devil's own luck and more than a
little subterfuge, jus like your master, Rahm
Emanuel, you somehow managed to get
"elected."
Proving the axiom that it isn't the number of votes
but who it is that does the counting?
Here's to you and yours never again having a
restful night of sleep.
May whatever Rahm promised you, spontaneously
decay to a grinning skeleton right before your very eyes.
Then...
Karma.
That crown wearing, multi-tit bitch
with teeth like broken mirror glass
IS gonna bite you and yours in the
ASS!
The legislative committee worked on this not the pension committee.
This is the first time that the pension fund will have a dedicated funding source.
Will be at meeting dean at "our hall" you better have answers deano personally many of us are tired of your total lack of caring for us, you need to resign now or want to wait until the meeting to show us your papers? What did you get dean? Your kid? What did you do to shut up the once talkative FOP guy with "testicular fortitude" Greg Bella? Did you "Bruce Jenner" him? Pathetic really pathetic bunch of sell outs!
Anonymous said...
Does anyone know if there is a way to opt out of the pension on an individual basis. I would rather keep my contributions to invest myself.
Amen, I'm in. If this is an option PLEASE let me know. I've been using Ameriprise for years and have retirement accounts set up. It would be nice to put more money into it. Fuck these monkeys at the city, I'd rather invest my own money then leave it up to these thieves.
Rahm is as untrustworthy as they come.
This is a death knoll for our pension.
Dean...... what the fuck were you thinking?
(OT) possibility of moving gay pride parade downtown but yet our
Saint Jude parade is put almost in the lake where we cannot be seen!
http://chicago.suntimes.com/news/7/71/659041/tighter-security-gay-pride-parade-last-chance-stay-boystown
How's my pension dean?
So what your telling me is that my FOP dues money that goes to the PENSION committee is being fricking wasted!
List of so called members who seem to lack any ethics and seem to be absent! I don't even get emails anymore from FOP or text alerts to get angry!
Alot of clowns on this list who could not run a lemonade stand.
Pension
Last First Position
Lonergan Tom Chair
Basile Michael ........................
Burns Bill
Donahue Mark
Hanley Anna
Hauser Ken
Hayes Michael
Howe Mark
King Rick
Rios Lee
Rizzi Joe
Salzman David
Schauf Ralph
Schorsch Steve
6/03/2015 06:57:00 AM
I can assure you we are fighting for your best interests. Anyone with a question can call me anytime! 312-437-1998 - Mike B.
changes coming to 005 tact....
Daley/Vanecko and Rahm have obviously been manipulating our pensions in order to enrich themselves and their crime syndicate. Is there any doubt in anyone's mind about that?
The whole matter needs to be forensically audited with a goal of eventual prosecution. This will not happen as long as cops sit out elections and Democommunists continue to add people to the polling lists who do nothing but breed and vote for a living.
And if it can be shown that the current and former heads of the FOP of PB&PA were complicit in this then they too should be criminally prosecuted for Theft and Labor Racketeering.
This will not happen with a Democommunist in the White House.
Here how it goes: Before any legislation can be voted on in third reading the Bargaining Agent(FOP), Pension Board(s) and City (Mayor) all need to agree on it. THERE IS YOUR ANSWER. Ask for the signed agreement between them! Public Record!! DEAN SOLD US OUT! His son will get promoted and be taken care of and Dean will retire perhaps being placed on CPS Board.
Anonymous said...
I don't blame Donahue for trying to start a shit storm. He has to create an issue to take the eyes of him and the citywide guys. The FOP has all the emails between then and the State over the Shields fiasco.
6/03/2015 08:02:00 AM
AGREED!!!! Donahue forgave Daley a 29 million dollar debt from our pension board, what makes you think Dean would not do the same for a lucrative retirement package.
I can't wait to retire in 15 years in Hawaii living on the beach collecting my police pension
For those of you imbeciles who voted for Rahm because we received our retro, I hope you're happy! Hopefully 9.5 digits uses KY before he sticks it in our regional area where the sun don't shine!
I wonder how all those cops who said they voted for Rahm because Chuy didn't have a plan to save our pensions feel now.
And if you sat out this election, well too bad...
The gangbangers and the generational welfare LINK card holders who did vote and vote and vote mean more than you do.
Question?
Why did ALL of the old City-Wide team on the board of director's vote to support this if this is?
Moriarty
DiMaria
Donahue
Their new homie
Gorman
and their old homie's
Bella
Capparelli
Garza
Schorsch
I was told by a field rep the vote was unanimous. I can't see Donahue and his puppets voting for this if it is not something they can use in the next election.
Job action needed no tickets no arrest no nothing !
how could this happen??
hello!!! does anybody work here?
Anonymous Anonymous said...
They can make any deal they want, The Illinois Supreme Court will knock it down.
6/03/2015 08:19:00 AM
Hate to say this but Mudigans wife is probably in on this. supremes said no the first time. This time they will say this is OK. Probably been in the works and strategized. How can you trust Madigan/Cullerton cartel ? Keep voting them in fools.
Anonymous Anonymous said...
I would like to know what pension fund handles the pensions of alderman and state legislators? What is it called? How well funded is it? I am going to call my alderman's office and I will ask them that question. If their pension benefits are funded better than ours and I suspect it is, then we should do something about it. If they are going to force us to live poor because the city is broke then they should live poor too.
6/03/2015 08:48:00 AM
Exactly! Excellent questions. While we are on this subject, what about pensions of
other city bureaus, i.e. Streets & San. etc.? Quite a huge army there as well.
This is a good thing, we're better off now than we were before. I won't preten that I unders the language used, which is why I consulted with a labor attorney. Our pension now has more years of life left in it, than it did before.
Our pension is gone boys and girls. Wake up. Start working as much VRI and save that money. This is nothing but a job now.
Civilian here.
You guys are screwed. Don't forget to thank all those who voted for the bill. Rahm-Daley tag team wins again.
Sheriff David Clarke ,Milwaukee County.... Is The Colon Powell of the 2000's....talking about smashing heads, locking up people, taking the streets back...calling out politicians...
That's who we need here !!!
Dean oughta be tarred and feathered for this!
It kills me how police officers let people fuck them over and it's ok God stand up for something in ur life
Cullerton's name is always involved when it comes to reducing pensions and benefits of 1st responders. How many pensions does He have, never had a job unless the city, county, or state paid him
Found this in the bill maybe someone who really understands this could read it with the underlined amendments and decipher this! Found this which shows how much city has to contribute we know some of the great coppers also understand law and the wording thanks in advance!
in tax levy year 2015, the city council shall levy a
6 tax annually at a rate on the dollar of the assessed valuation
7 of all taxable property that will produce when extended an
8 annual amount that is equal to no less than the amount of the
9 city's contribution in each of the following payment years: for
10 2016, $420,000,000; for 2017, $464,000,000; for 2018,
11 $500,000,000; for 2019, $557,000,000; for 2020, $579,000,000.
http://www.ilga.gov/legislation/fulltext.asp?DocName=09900SB0777ham004&GA=99&SessionId=88&DocTypeId=SB&LegID=85970&DocNum=777&GAID=13&Session=
Oh Dean....
Are your phones being taped?
Are you being followed?
Are your emails being checked?
We certainly hope so.
To all those people asking if Dean has the Authority....
Read the bylaws FFS.
Ask a Labor Attorney that ISN"T FOP..but that works for a Police Union. Say the CCSPD Union.
I would advise everyone to flood Rauners office with calls to veto this bill with the cullerton addendum of paying bondholders before paying the police pension. I already called, and I will camp outside his office if I have to....
SCC,
I received this email from the Sgt's Union. I suggest every police officer show up at FOP to immediately discuss. SCC please take the lead. You are the only one to organize us.
Sergeants,
On May 31, the General Assembly passed a bill (SB 777) that changes the City's contribution to the Chicago Police Pension Fund. The bill is now being held by Senate President John Cullerton. This bill, that was NOT supported by the PB&PA organizations, was to be part of a greater plan to solidify our pension fund. The legislative efforts to stabilize the fund was explained at a May 20 meeting of the Chicago Public Safety Coalition (FOP Lodge 7, IAFF Local 2, and the three PB&PA Units). The plan called for legislation that would grant the City of Chicago their own casino where the profits of this casino would be contributed to the police and fire pension funds. This commitment was estimated to be in the area of 350-500M per year until the respective pension funds reached a 90% funding level. The trade-off for the city's dedication of casino revenue funding the pensions was that the public safety unions support a re-amortization and ramp bill that turned out to be SB 777. On May 21, the CPSA Board of Directors agreed to support the casino bill for the dedicated revenue stream to fund our pensions. The re-amortization bill would only be supported contingent upon the casino bill being passed. We felt that we could not support that legislation without the dedicated funding source already being in place. Without the support of the PB&PA unions, SB 777 was introduced last Friday and passed on Sunday. As the bill is being held by President Cullerton, this gives our legislative liaison and lobbyists time to raise our concerns and suggest solutions to some of the troublesome language contained in SB 777. With the General Assembly still in session, anything can happen.
Below are some of the changes as compiled by the Center for Tax and Budget Accountability:
In analyzing the changes that SB 777 makes, it is important to remember what the bill does not do:
· The bill DOES NOT reduce any pension benefits either currently earned or in the future.
· The bill DOES NOT change the total amount the City owes to the Chicago Police Pension Fund.
· The bill DOES NOT change the employee contribution to the Fund.
SB 777 makes three major changes to the payments the City is required to make to the Chicago Police Pension Fund. As noted above, the total liability of the fund is unchanged by SB 777. However, the bill does extend the time that the Fund will be severely underfunded. The legislation specifically does the following:
· Delays determining the City’s annual contribution based on benefits earned and unfunded liabilities from tax year 2015 to tax year 2019. The City’s contributions for tax years 2015-2019 are specified in SB 777 and are NOT determined by actuaries each year;
· Extends the time to reach 90% funding from 2040 to 2055; and
· Provides the Chicago Police Pension Fund the right to sue the City if it fails to make the contributions required under the bill.
Stay safe,
Jim
Sgt. James Ade
President
Police Benevolent & Protective Association
Chicago Police Sergeants' Association
Can I just cash out of my pension and roll over my "paid in" funds into a 401k?
SCC this is a legit question. How many would consider dumping these fools and taking our chance with a 401K with our pension. could we be able to do this.
Here's a thought, what would Tony Accardo do? There's a number of people who "need to go".
the band has been playing for a while now since the ship started sinking.. the music has finally stopped and its about to be completely sunk. dark times my friends. the politicos in this city and state both republicans and democrats all realize that in order to fiscally repair these states public pensions must go.. its finally happening and all the politicos know that the first party to flip their state from broke to back in the black will look like a hero... the unions will be unhappy but they are not enough votes to actually overpower a popular vote of a state full of happy residents.
Sen. Mulroe isn't answering the phone.
Enough said.
Pandering Pat Quinn said...
I wouldn't call this bad. Look at it this way, it's progress.
The state is moving forward. Really, it is.
I miss signing all the Bills into law and giving out the pens.
See you at the next Parade.
I still have 250,000 of those pens with my name on them if anyone is interested, they are available for $5.00 each or 6 for $25. Pat
What a rip.
I am an outsider to this process so I do not gain or lose regardless of how it turns out. So... what irks me the most is the abandonment of the rule of law. Wisely or otherwise, they promised you guys the money and if they are not going to pay up the city of Chicago should have to go through bankruptcy proceedings. Instead this is an attempt to weasel out of it painlessly. What it really is at core is the loss of the rule of law. Things become what ever the potentate at the moment want them to be. No binding rules.
Perhaps I am overly pessimistic, but as for you coppers, what I would hope for is getting most of the pension. It would seem that it is progressively less likely that you will got all of it.
And while we are at it, just whose side are these union guys on? Why the (blankity blank) are they not acting as agents of your interest? Are they paid off? Do they need voting out?
Thank you Judas Angelo.
How long till your Kid is a commander? Or will you be the next streets and san commissioner?
Rosco,
You are an idiot to even think of getting out of pension system. The amount you would Lose over time is staggering. Please think about the shit you say. Just dumb.
This bill is NOT veto proof. It did not get the necessary 71 votes needed in the House to override a veto.
I believe it only got 68.
Dean: Do you collect a disability pay check and the FOP presidents pay?
Can you please explain how many disability officers like yourself have been being forced off the disability rolls and put back into limited duty positions?
Why have you not been brought back to work in the limited duty capacity or removed from the disability rolls like the officers I mentioned?
Don't you find it odd that the BGA hasn't investigated you and your ability to get a PHD and teach at Calumet College and collect a check for teaching mainly Chicago Police Officers about Public Safety Administration. I took your class. You walk fine and seem to be able to lecture? Why hasn't the city returned you to a limited duty status to teach recruits 5 days a week and / or write case reports at 311 or the academy?
During your campaign as you visited my district to pass out pens, book covers and other trinkets to garner votes, you related that yourself or union representatives would be out to the districts to inform and listen to the members after the election. However since the election not once has there been any elected representative out to the district roll calls like you insisted would happen. Why?
While you are a affable man, you certainly aren't a police officer of integrity. You have lost your honor, since you have recieved a check for a disability from the pension fund that is so underfunded. Essentially all the contributions you made to the pension as an active duty officer you have taken out, then you took other officers contributions to the fund out claiming disability which is not true. Your not disabled. Your an able bodied, maybe limited, but certainly able to work and contribute. Ironically your a well paid welfare recipient, only the membership has been making your monthly welfare payment to you.
Since Ive been on this job there has not been one decent FOP president that hasn't sold the members out in some way they have all sucked and thats been 25 years now.
Sorry so long winded for those that bother to read it,
Emanuel wants help with ideas how to save city money ok I'm in!
http://www.chicagotribune.com/news/local/politics/ct-rahm-emanuel-union-meeting-met-0604-20150603-story.html
Link,3 meals at public schools, safe passage (parents do it for free you don't work you volunteer), nothing for illegals bam trillion saved pension solvent push the "easy" button rahm!
Anonymous Anonymous said...
No doubt a complex and shady deal just went through, pass it to see what's in it. But then there's that "diminished" word in the State Constitution. Will that be enough to overrule more of the bullshit these politicians are trying pull?
I'm sure by now that many, many Rahm-Rauner supporters (yes they still have their lawn signs out), that are feeling a bit let down.
"But hey, they promised...."
Another 'we don't want to piss them off/we might need a favor' FOP-PAC FAIL
6/03/2015 09:37:00 AM
Rauner has stated several times that he doesn't like the bill and, when asked, said he doesn't know that he will sign it. Now's the time to let Rauner know how weand our voting families feel about that bill.
City will allow pension funds to run out of money. City will claim they are obligated to pay city bond debt first and there is no money left to make pension contributions. As a city resident who is not city employee, I am disgusted with their strategy.
IL Sup. Ct. just ruled that "pension benefits may not be diminished or impaired" means just that.
So they can subordinate the payments to the pension fund all they want - but the simple fact of the matter is that unless, and until, there's an Amendment to the IL Constitution changing the language of the pension obligations, that no matter what the Legislature says, does, or passes, that it's all UNCONSTITUTIONAL.
By subordinating the pension debt to other debts, and continuing to not fund it, doesn't relieve them of the obligation of PAYING the pensioners what they're due. If they can't pay because the money isn't there, then that's a diminishment or impairment of the benefit and they're going to have to fork over the cash to the pension fund to make people whole, and you don't need a law degree to realize this.
Typical IL/Shitcago Dumbocratic bullshit tactic to try and wiggle out of an obligation. You guys need to get your FOP on the legal case - as soon as it's signed, file an immediate motion for injunction with the Court because this is against the recent IL Sup. Ct. ruling. And if your FOP doesn't get their shit together and do it, then FORM A NEW FRATERNITY, vote to decertify the previous frat, and certify to recognize the new Frat.
You guys hold all the power in this matter - exercise it. Stop letting a bunch of connected shitheads run roughshod over you. You're CHICAGO POLICE for crying out loud - stop acting like pussies, and act like the Police. No nonsense - all business. Put an end to it.
Citywide boycott in any activity. Let it burn to the ground. #1 You bet your ass as soon as those wildings/smash &grabs and downright mugging start occurring on Michigan ave again, the aristocrats will have Rahm ousted. #2 citywide decline in police activity will decrease revenue. If we don't get what's owed to us well neither will you asshats sitting in city council. Besides, rahmbo was never a public servant. He was and still is a fund raiser. He has no clue on how to run a city. He does however, know how to squeeze every penny out of a cash cow. The same aristocrats ousted Richie D for losing all their money on the Olympic debacle, are the same ones who put rahmbo in power to milk the city for return on their bad investment. That my friends is how we were and still are being deceived. Rahm makes money and he is making for those elite arstocrats. if we don't flex muscle along with our brother unions. These fuks are going to rob us blind. And that sellout D Angelo. Fuk you too.... You aren't smart Angelo. And when the music stops playing, I can guarantee you will be left standing without a chair. Asshole. I wouldn't even piss on you... West side whistleblower...
We should padl entire FOP building early in the moening and have 100 guys there to see Dean' face on the street. But then again, he is using his VD until June 25., He will not be no were near the meeting on the 16 th. !
recall vote , we need micky back
What are you prepared to do now?
Don't worry all you sheeple in blue attire will be out there making your nickle bag pinches to please the administration.
Called FOP they claim Dean was putting something up on the website to clarify this and would be present at the upcoming meeting. I was advised to bring a lunch if I do not like pizza as they anticipate a very large turnout. To quote "as much as the Mike Shields fiasco"
Trib: ": An astonishing quarter of every dollar that Chicago earns from taxes, grants, fines and fees goes to pay for employee pensions, according to Marc Joffe, a bond market analyst and principal consultant at Public Sector Credit Solutions."
http://www.chicagotribune.com/news/opinion/commentary/ct-rauner-madigan-cullerton-illinois-budget-perspec-0602-20150601-column.html
The system is broken mate. The money ain't there.
So what your telling me is that my FOP dues money that goes to the PENSION committee is being fricking wasted!
List of so called members who seem to lack any ethics and seem to be absent! I don't even get emails anymore from FOP or text alerts to get angry!
Alot of clowns on this list who could not run a lemonade stand.
Pension
Last First Position
Lonergan Tom Chair
Basile Michael
Burns Bill
Donahue Mark
Hanley Anna
Hauser Ken
Hayes Michael
Howe Mark
King Rick
Rios Lee
Rizzi Joe
Salzman David
Schauf Ralph
Schorsch Steve
_________________________________
Couldn't agree more. What a joke this list is.
Who cares...fuck the pension..gimme my 250 a check and let me invest it on something better..time to start over..pensions are bad for America just like unions...so they pay union dues that only goes to elect democrats who fuck up everything. ..and take down those stupid PROUD UNION HOME signs...no one cares..unions are destroying this country..not you workers..but your radical left wing leaders. ..wake up and fight back...signed...cpd employee..fuck u obama
Dean you don't defend us or protect us. I didn't vote for you! I can't wait to vote you out !'
Real standup guys on the NW side, McAullife and Mulroe both voted for this bill and against the Cpd and CFD constituents in their districts. In addition instead of voting no for the camera, receipt to the jagoffs on the street bill, both of these no ball mother fuckers voted present. Keep these assholes in mind at election time. Yea the same assholes that worked their ass off to beat Cpd/CFD Anthony Napolitano.
Two weeks ago I post this message on a pension story on this blog. I stated that while watching a local television news talk show there was a very well know Chicago Labor Attorney who stated that a pension could be changed by one of two way. One way if there was a bankruptcy and the other if a union WOULD GO ALONG with the changes. I sited the International Brotherhood of Electrical Workers #9 and the City of Chicago. Local #9 agreed to give up benefits. This was done without the consent of it's membership. There were two very nasty replies to my postings. It appeared that the replies came from person(s)affiliated with the FOP. If what this current posting is saying is correct, then what I posted was correct. I don't know if this agreement can stand a legal challenge. I do know that retiree's of Local #9 were part of the law suite that challenged the reduction of retiree's benefits. I do know that if the current President of the FOP agreed to a reduction of benefits or did not object to the current Illinois bill #777 then he should be removed from Office. It is a dam shame that a person elected to represent the men and woman of the CPD is so blatantly selling the membership out. If this is true then he got to go. If this is true then the Attorneys who work for the FOP and negotiated with the City should also go. If this is true, then how can he trusted in further negotiation with the city. Love her or hate her, THE FOP NEEDS A LEADER IN THE KAREN LEWIS MOLD. It is going get interesting in several weeks when Rahm does not make the payment to bail our the Board of Education. What he does with the BOE will give us a preview of what he will do with us. Remember, the BOE can strike, we can not. This is all the more reason to force Angelo out of Office.
Is Dean Jr still on a medical? He should have to give up his stipend while on medical again. Jr please get back to 014 so third watch and midnights can chew your ass out over the BS 15% comp time that makes the situation worse than ever.
You both fail
Fyi, this bill (SB777) was never voted on by the fop board.
Dean and only dean was in springfield and was neutral on SB777. What that board did vote on was a casino bill (unanimously) but that bill never got submitted in Springfield. Dean should be brought up on charges for failure to represent the best interests of the members.
"To Those Who Betray Thou Brothers and Sisters,Wherever They Are Found Chop Off Their Heads"....
Alas Pension....I never knew Ye....
Thanks McAullife. I will personally push hard so you don't get re elected!!
Who cares...fuck the pension..gimme my 250 a check and let me invest it on something better..time to start over.
$250.00 per check? Where do you work? I pay over a thousand per month! We get paid 1st and 16th?
Citywide boycott in any activity. Let it burn to the ground. #1 You bet your ass as soon as those wildings/smash &grabs and downright mugging start occurring on Michigan ave again, the aristocrats will have Rahm ousted.
Now you are finally talking. 1 month. Only 1 month is all it will take. Zero... Notta... No VRI... No Special. ONE FUCKING MONTH! Zero activity. write paper for everything.
You guys hold all the power in this matter - exercise it. Stop letting a bunch of connected shitheads run roughshod over you. You're CHICAGO POLICE for crying out loud - stop acting like pussies, and act like the Police. No nonsense - all business. Put an end to it.
Outstand Post!!! If 75% of us just stopped, that would leave the other 25% who are hidden and to scared to work the street left holding the bag. Thats roughly 6500 Coppers that just answer calls an write reports for every little thing.
Dean: Do you collect a disability pay check and the FOP presidents pay?
Yea Dean???? How come you couldn't answer calls at call back???
Anonymous said...
IL Sup. Ct. just ruled that "pension benefits may not be diminished or impaired" means just that.
So they can subordinate the payments to the pension fund all they want - but the simple fact of the matter is that unless, and until, there's an Amendment to the IL Constitution changing the language of the pension obligations, that no matter what the Legislature says, does, or passes, that it's all UNCONSTITUTIONAL.
Here is the problem....they are putting off the payment UNTIL time comes to make that constitutional amendment. It can happen every 20 years. I believe the last time WE voted to have a constitutional convention was something like 6 years ago...not 100 pct sure. When the time does come to bring that issue back to the polls, the pension crisis will be worse than now and they will be all over the media telling the sheeple we need to have a convention to reform the pension system. Then they can do whatever they want.
How about this from the Trib
"-- The legislation also includes provisions to ensure that retiring police officers and firefighters who are at least 50 years old and served for 20 years or more get annual benefits equal to 125 percent of the amount earned by people living at the poverty level, as determined by the federal government."
http://www.chicagotribune.com/news/local/politics/ct-emanuels-police-fire-pension-plan-clears-first-hurdle-at-capitol-20150529-story.html
What's this BS about?????
Anonymous Anonymous said...
Trib: ": An astonishing quarter of every dollar that Chicago earns from taxes, grants, fines and fees goes to pay for employee pensions, according to Marc Joffe, a bond market analyst and principal consultant at Public Sector Credit Solutions."
http://www.chicagotribune.com/news/opinion/commentary/ct-rauner-madigan-cullerton-illinois-budget-perspec-0602-20150601-column.html
The system is broken mate. The money ain't there.
---
Thought Chicago had a $9B budget? Mate?
According to the Illinois General Assembly web site, " 5/31/2015 Senate Motion Filed to Reconsider Vote Sen. John J. Cullerton"
For now, it's been pulled.
By subordinating the pension debt to other debts, and continuing to not fund it, doesn't relieve them of the obligation of PAYING the pensioners what they're due. If they can't pay because the money isn't there, then that's a diminishment or impairment of the benefit and they're going to have to fork over the cash to the pension fund to make people whole, and you don't need a law degree to realize this.
After reading the above comment I think that the poster really needs a law degree. If the funds run out of money the city does not have an obligation to fund them any more then the law requires. The funds will become a pay as you go fund and would mean substantial cuts to pensions. Uninformed people with thinking as above will allow the law makers to slid out from under. Our pension fund is in real trouble and only a tax increase and a reduction in benefits will save it. People don't care if you are thrown out on the streets.
Rauner has stated several times that he doesn't like the bill and, when asked, said he doesn't know that he will sign it. Now's the time to let Rauner know how weand our voting families feel about that bill.
6/03/2015 08:49:00 PM
Does not matter what the governor wants the bill passed with veto proof majorities. Those of you who live in Madigans district should stop by his house and thank him.
Cullerton's name is always involved when it comes to reducing pensions and benefits of 1st responders. How many pensions does He have, never had a job unless the city, county, or state paid him
--
Cullerton was one of the first guys who stood up and stated outright that it was unconstitutional for the city to reduce pensions. He's OK in my book.
Dont forget Capparelli. How can you leave that stroke out? He is as guilty as Dean, Kilmer and fiasco Mcdonagh. Clean Slate my ass.
Cullerton was the middle man or buffer between mark doñaugh and mike madigan. Buffer being the organized crime term for the go between
"....
Sgt. James Ade
President
Police Benevolent & Protective Association
Chicago Police Sergeants' Association"
**************************************
Sarge, thanks for cooling the fire.
Could you imagine anyone who backdoored the Illinois Supreme Court Judges and brings this up to them-again!
listen folks police officers deserve pensions , we work weekends , shifts for straight time . yes we know that's the job we signed up for , but it also includes the pension we signed up for. Com Ed , ATT , Peoples Gas , guess what we are all paying their pensions , no complaints . It's a scam , $$$$ wasted by politicians .
city tradesman receive union and city pensions , that is the abuse of patronage , cops pass a test and are not preceint captain workers that are forced to buy tables of tickets for fund raisers to keep their jobs .
Anonymous said...
Cullerton's name is always involved when it comes to reducing pensions and benefits of 1st responders. How many pensions does He have, never had a job unless the city, county, or state paid him
--
Cullerton was one of the first guys who stood up and stated outright that it was unconstitutional for the city to reduce pensions. He's OK in my book.
6/04/2015 08:51:00 AM
What he says in public and what he does behind closed doors are sometimes not the same.
Anonymous Anonymous said...
Rauner has stated several times that he doesn't like the bill and, when asked, said he doesn't know that he will sign it. Now's the time to let Rauner know how weand our voting families feel about that bill.
6/03/2015 08:49:00 PM
Does not matter what the governor wants the bill passed with veto proof majorities. Those of you who live in Madigans district should stop by his house and thank him.
6/04/2015 08:26:00 AM
They will all say they hate the bill and how it screws police and fire. Then they will pass it anyway.
Who are you kidding? You think the coppers in this city will actually stop making money? No VRI or VRE, or CTA? Please, they sold out the pensions and the contract for a fucking retro check?
Anonymous Anonymous said...
How about this from the Trib
"-- The legislation also includes provisions to ensure that retiring police officers and firefighters who are at least 50 years old and served for 20 years or more get annual benefits equal to 125 percent of the amount earned by people living at the poverty level, as determined by the federal government."
http://www.chicagotribune.com/news/local/politics/ct-emanuels-police-fire-pension-plan-clears-first-hurdle-at-capitol-20150529-story.html
What's this BS about?????
6/04/2015 08:12:00 AM
Just vote for the Democrats, don't worry about a thing. Trust them, they have your interests at heart.
Schauf WTF Really
How did this goof get elected? Dean has been a scammer his whole career. He injured his knee playing softball and turned it into an IOD with the help of Bill Nolan. Nolan and Dean gave away our health insurance back in 2001.Then he gets elected and now he is going to give away our pensions. We are stupid and get what we deserve.
There are many good, informative comments on this thread. I asked an individual in the know about SB 777 and he related that there is no conflict with the Constitution. One deals with benefit levels, the other a funding mechanism. They are exclusive to each other. (Kind of like the scene in Goodfellas. Got a problem? To bad, pay me).
As for the folks who have dissected the minutiae of the language of the bill, my only observation is to look at the Supreme Court case regarding subsidies for Obummercare. The law is black and white; except when politicians ignore said law, and language.
Finally, to the poster who said that historically regimes go after the weakest link, and old, white retired folks will bitch and moan, but not do anything more, remember. When you give people nothing to live for, they act like they have nothing to live for.
As a side note, check out Matt Bracken, "What I saw at the Coup". A good, short read. The politicians and lawyers get theirs in the end.
So I googled the 2015 Federal poverty level and discovered 125% is about $15,000 a year. Some please tell me I'm missing something. I don't don't trust these guys one bit. Why is that language needed. That would seem to diminish our benefit quite a bit.
I've got to know one burning question?
What was in this for Disability Dean?
There has to be some secret deal that was struck with Disability Dean to get him onboard with this.
To me it sure as hell looks like we took it up the poop chute without lube or even a reach around.
Rahm: Karma is a bitch and I hope you do a slow rot in Hell.
They don't give a fuck about you or your pension. Don't you get it? We are all pawns in the game. This nation is being turned into a third world shit hole. Western man is going down. Look to South Africa to see what is in store for us, next week, not next year.
http://www.southafricaproject.info/wordpress1/2015/06/04/are-we-there-yet/
Sorry I was wrong with my 250 number..it's closer to 300 per check...1000 a month seems like a lot..unless you are addressing the even bigger problem...how much the government takes from us in taxes and medicaid...which will be bankrupt soon
(OT) FOP is having "town hall meetings" makes sense bring questions get answers!
http://www.chicagofop.org/town-hall-meeting-2/
Maybe we can sort out the real from the propaganda? I will be there lets hope the concerned will be there also!
If a judge says "Pay the pensions" then that is it. If a judge decides bondholders get 50 cents on a dollar then that is that.
=================
The judge does not get to make it up as he goes though. The bankruptcy laws don't allow unsecured creditors to be paid before secured creditors. And bonds are about as secured of a debt as there is.
It is pretty common in bankruptcy cases for unsecured creditors to get nothing because there is nothing left after the secured creditors are paid off.
I don't know how it is with government pension plans, but IIRC, private company pension plan liabilities are unsecured debt.
Ideas from the peanut gallery:
Compare Sections 15-112, 15-154, and 15-157 side by side, OLD next to the NEW.
You will notice the slight changes in language. Notice any new DEFINITIONS also.
For example, a "Calendar" year is different from a "Fiscal" Year, which is different from an "Academic" year....Which changes the actuary math.
Find a loophole.
Start a new credit union that offers some decent investments.
Create a Tax-Exempt Retirement home/non-profit corporation.
Here is a link to a (old?) draft of the Fiscal Year 2016 budget:
The city's fiscal year runs from July to June(of the following year), I believe.
http://www.cmap.illinois.gov/documents/10180/420650/FY16+DRAFT+budget+and+work+plan+5-6-15.pdf/90d3a0c4-521a-4014-a901-ad76c07e0cef
Maybe something jumps out...that could be revised or cut.
(For the numbers people)
6/03/2015 09:13:00 PM
Anonymous Anonymous said...
We should padl entire FOP building early in the moening and have 100 guys there to see Dean' face on the street. But then again, he is using his VD until June 25., He will not be no were near the meeting on the 16 th. !
6/03/2015 09:39:00 PM
If I unwillingly get caught up in some shit I hope you aren't the one to write the report. Check your spelling before you post.
Citywide boycott in any activity. Let it burn to the ground. #1 You bet your ass as soon as those wildings/smash &grabs and downright mugging start occurring on Michigan ave again, the aristocrats will have Rahm ousted. #2 citywide decline in police activity will decrease revenue. If we don't get what's owed to us well neither will you asshats sitting in city council. Besides, rahmbo was never a public servant. He was and still is a fund raiser. He has no clue on how to run a city. He does however, know how to squeeze every penny out of a cash cow. The same aristocrats ousted Richie D for losing all their money on the Olympic debacle, are the same ones who put rahmbo in power to milk the city for return on their bad investment. That my friends is how we were and still are being deceived. Rahm makes money and he is making for those elite arstocrats. if we don't flex muscle along with our brother unions. These fuks are going to rob us blind. And that sellout D Angelo. Fuk you too.... You aren't smart Angelo. And when the music stops playing, I can guarantee you will be left standing without a chair. Asshole. I wouldn't even piss on you... West side whistleblower...
DEan Jr is another IOD slug like his old man with BS injuries. Legit hurt copper' get screwed on their IOD and suffer more pain.
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