Priorities Dumbass
Conehead steering the USS Chicago back into the iceberg, after Shortshanks, 9.5 and Groot already hit it a few times:
Mayor Brandon Johnson’s pension commission has been meeting for a year, and so far there’s no sign of any long-term solutions. They might want to come up with something fast — the pension mountain is getting steeper to climb.
Chicago’s unfunded pension liability rose by another 5.2% in 2023 — from $35.4 billion to $37.2 billion — thanks to “changes in pension assumptions and legislation,” according to the certified annual financial report for 2023 by the accounting firm of Deloitte & Touche.
It’s the second straight year that the pension crisis has grown by more than 5%.
The Firefighters Pension Fund once again hovers closest to bankruptcy, with assets to cover just 21.6% of liabilities. That’s followed by Police (21.79%), Municipal Employees (22.2%), and Laborers Pension Funds (38.55%).
Where's all that casino money? Or the Sports betting tax increase? All that's being directed to the foundering pensions, right? You aren't spending that money on tens of thousands of illegals who have contributed nothing to the city except raging cases of lice, bedbugs, measles and a few other diseases, along with open prostitution, child trafficking, robberies, thefts and an increasing number of hit-and-runs?
Labels: money questions, pension
posted by SCC at 12:07 AM
137 Comments:
Do not count on the pension being there in retirement.
Roth IRA/Deferred Comp/Brokerage Account. Invest in the S&P 500. Do something so you’re not holding an empty bag come retirement time.
If you can’t afford a car in cash twice over, then you can’t afford it. Get something simple. I can promise you, no one gives a shit about your car. You’re impressing no one. Your car payment should be put into a retirement account.
Maybe the city should take what’s left of the pension reserves and put it in the hands of professionals. Is Vanecko Investments Inc still around?
Let the First Deputy Superintendent handle all this Bullshit. Oh yea Snelling forgot to name one or maybe Cone head will not let him have one. Down sizing you know.
Get rid of the gold star police pension payout. The firemen only get their civil service rank. The police should be getting the same. How bad does being down over 2000 officers affect the pension also. The city should be forced to pay whatever then up to full strength on. What about the casino weren’t they supposed to pay into the pension also. The city is being destroyed in front of our very eyes.
https://wirepoints.org/chicagos-worst-in-nation-pension-crisis-strikes-again-wirepoints/
Chicago is being put into the same category as Detroit.
Voters keep voting for the worst politicians in Chicago as possible. The politicians will be fine in the end. Not sure if I can say the same for the city workers. Complete mismanagement going on everywhere.
They know they better keep paying those pensions. The flip side could be barbaric, best they could hope for is rope and lampposts
Committee on pension reform. In truth, figure out how government does not meet obligations to commit funds to the pensions.
“ Venezuelan migrants allegedly choke, rob Chicago man on train, video shows
4 migrants charged with attempted murder lived at a taxpayer-funded shelter at the time, police say”
By Michael Dorgan Fox News.com
Published July 2, 2024 2:03pm EDT
Not only did the Democrats transport these illegal invaders here they made us pay for it. They are here to victimize us and replace us even though we are paying for their lodging, their cellphones, their credit cards, their food, their laundry, their transportation, their medical expenses and we are paying their expenses when they victimize us. No money for pensions for us. Since these Democrats have no opposition since we have only the uniparty there has to be a revolt like refusing to pay taxes, protests, demonstrations anything that works.
Good luck collecting on those outrageous pensions! The only residents that will be left to pay will be government employees and welfare roaches. Like a snake eating its own tail!
Housing Venezuelan prisoners is the democratic priority. Wasting 100’s of millions of taxpayer money.
Sending out overpriced tax bills to customers and pretending the computers made a mistake.
Un F ing believable 🤔
The belief/faith in any government's employee's pension's solvency is a prime ingredient in the glue that keeps government's functioning. And specific political parties' dominating said governments viable.
This pension solvency depends, obviously, upon the reliabilty of tax revenues, which, unlike the private sector pensions, is considered to be effectively safe from the whims of free market economics. This is a common misunderstanding of the economic dynamics effecting all pensions.
Tax revenues depend upon free market economic dynamics, thus are vulnerable to the same basic whimsy of which private businesses and their pensions are.
Wherever said governments interfere with free market dynamics, in such ways as to increase the negative whimsy of said economics, tax revenues are affected in the same negative manner.
So, here, in chicago, crook county and state of illinois, we experience the results of our governments' interferences with free market dynamics in those ways that affect our pensions to the result of insolvency being the standard maintained by said governments.
This in addition to the graftings, immense as they are.
Pay to play graftings are not limited to the abundances of grifters' contracts. It can be seen in it's most massive form in the largesses doled out to the 'voters' via 'we pay them to vote for us' huge interferences in free market dynamics.
These governments, ours, 😬😬😬, consider pension solvencies to be a pesky, lingering nuisance, not contemporaneously valuable enough to induce them to decrease any of the graftings one penny. Graft today, let tommorrow who gives a shit.
All of the above describes malfeasance precisely.
They do it all, every variation imaginable.
And they have commonality in one obvious quality: democrats.
Not that there are no republicans as effectively malfeasant as these, just that democrats' malfeasance is so dumb, yet so abundant, that it can only survive with an equally dumb population base, both the tax parasites and the taxpayers being drained and still not facing the sources of their financial anemia.
Our pensions do not need re forming. It's our governments dominated by democrats that need to be purged of same.
Last person out of the room please shut off the lights
Chicago’s unfunded pension liability rose by another 5.2% in 2023 — from $35.4 billion to $37.2 billion — thanks to “changes in pension assumptions and legislation,” according to the certified annual financial report for 2023 by the accounting firm of Deloitte & Touche.
Touche, wasn't that joint one of the keesing bandit's haunts back in the day?
But get ready to cancel your days off so you can defend your political masters from the leftist freaks they’ve enabled at the DNC. Oh, and for God sakes don’t touch anyone or you’ll no longer be employed to receive any of the remaining pension breadcrumbs.
OT: cancelled days off / no elective time. So now the department can declare 4th of July weekend as 5 days? Five days of cancelled days off for the 4th and somehow they squeeze nascar in there too. Now lalapalooza days off come out and they’re cancelling days off and no time due for another five days for that. What the fuck is going on. Didn’t our union win something in arbitration that said the department can only cancel for certain things? And since when can they drag out those certain things (like 4the of July) to 5 days off canceled. What is our union doing about this?
Save your own money. It was never sustainable and everyone knows it. It's a ponzi scheme.
the dem politicians are positive they will still get the same brain dead, brain washed voters to vote democRATic because they are always telling them that that if they vote Republican their welfare will be taken away
Maybe stop giving all this money to the illegals, and fund our pension!
What happened to the court order years ago that required the city to make mandatory payments or the payment would come off the top from any monies allocated from Washington DC? The payments to make the Police pension solvent was to take place every so many years.
First, the Casino money was suppose to go towards Pensions. Now look at the wording, a portion of it will, if the casino even happens. The CTU and BJ will steal as much as they can for their “side” projects.
Convert all pensions in to a 401K. Problem solved. Why do other people have to pay for your retirement? Don't tell me "because it was negotiated". It was negotiated by unions and government unions are nothing but an organized crime syndicate.
Unions should be illegal too. Allow the free market to operate and all of us shall prosper.
SCC, you act as if anyone other than those directly affected care. They don’t. Get use to the idea that what they promised you, you are not going to get.
For the record I care, actually I care a lot.
These assholes don't give a shit about people who actually work or worked for a living. This is the new democrat party and it isn't for any normal working class person anymore.
It’s criminal that the city doesn’t keep up with its payments to the pension. There should be some sort of fine the city has to pay if they don’t keep up with the payments or a lawsuit forcing them to pay up.
You fix the pension by getting rid of the pension for new hires and lift residency for new hires. Offer buyouts for people with 0-10 years. 10-20, and 20-30+.
Once that is done you have a fixed number and finite amount of liability you can budget and plan for.
New hires get 401k with generous matching to make it desirable.
There will be one guy who is the last pensioner.
Such BS! https://x.com/IlliniJen/status/1808375119728775588
Lets charge the US State Department for every illegal (undocumented alien) residing in the city. They can deduct say 100k per alien from US aide shipped annually to all the countries from which the illegal masses came.
Lord know we piss away more in foreign aide.
Hold it the city would have to have someone who can count and a competent attorney, my bad.
The pensions were adequately funded just 25 years ago. The three major villains are an incomplete recovery of paper assets from the 2008 market crash, changes in actuarial formulas, and pension funding holidays/contribution changes done at the state level.
They want to bankrupt the pension. That is the goal. Collect while you can. The migrants “future voters” have their hands out for benefits
Pensions? Don't talk about pensions. You kidding me? Pensions? I just hope we can get another paycheck.
Meanwhile Phil cline et al are collecting 200k pensions with at 3% cola adjustment
I've been saying this for years: Nothing will happen on this until the first pension checks start bouncing.
where's all the money from the pot sales tax?!?!
Changes have to be made and start with eliminating gold brad pensions. The connected are draining the pension with these huge payouts (173 thousand a year). The second is put slots at both airports they will made money and you don't have to do anything. Third cut the city council in half. we don't need all these alderman, New York is 3X the size of Chicago yet has a third the alderman. put money saved in the pension!!!!!!!!!!
Just do 20 and get the fuck out of town!!!!
"Anonymous said...
They know they better keep paying those pensions. The flip side could be barbaric, best they could hope for is rope and lampposts
7/03/2024 01:22:00 AM"
If they fuck around they will find out.
Who is responsible?
Politicians are for the vast majority of the underfunding. Daley and his crew worked hand in hand with Madigan and his crew at the State level to keep the State law of funding at $2 from the city for every $1 contributed by the employee. That Illinois State law dated back to 1984-85 so for over 20-25 years they knowingly and willfully neglected to fund at an actuarial level.
They're criminals, always have been.
https://blockclubchicago.org/2024/07/02/so-many-divvy-bikes-are-submerged-in-lake-michigan-that-theres-now-a-group-dedicated-to-fishing-them-out/
Haha
OT:listening to the Morning Answer this morning and Charles Thomas said he heard Johnson has had between 10 and 20 panic attacks already... WTF is going on at city hall???!!!
@7/03/2024 08:48:00 AM
How about do as much as you can but do nothing more then you are required to do while your here.
That's the real problem... stop being proactive
Anonymous said...
Get rid of the gold star police pension payout. The firemen only get their civil service rank. The police should be getting the same. How bad does being down over 2000 officers affect the pension also. The city should be forced to pay whatever then up to full strength on. What about the casino weren’t they supposed to pay into the pension also. The city is being destroyed in front of our very eyes.
7/03/2024 12:52:00 AM
Definitely agree look at all the pension grabbing pos gold star clowns! How about the “commanders” on coneheads detail? How about all the sergeants paid “security specialists” bullshit they also get sergeant pensions! When is enough enough? These clowns are the same that will tell the weak delusional copper go get ‘em kid! The same who will be eating cheese drinking expensive wine as you’re stating your “assets and liabilities” in a federal courtroom!
"Anonymous said...
Save your own money. It was never sustainable and everyone knows it. It's a ponzi scheme.
7/03/2024 05:31:00 AM"
I do save may own money. And yours too.
Majority of the money I save is from my monthly pension that you contribute to!
Thank you, keep working, keep paying your taxes.
Toodles!!!
A service charge of 10% on all pensions paid to residents in other states would at least start to put a dent in this.
Anonymous Anonymous said...
Voters keep voting for the worst politicians in Chicago as possible. The politicians will be fine in the end. Not sure if I can say the same for the city workers. Complete mismanagement going on everywhere.
7/03/2024 01:08:00 AM
It’s almost as if it’s a continuous loop of the same thing every time. Kind of strange, isn’t it? Almost as if voting is merely an illusion and it’s all scripted anyway. You think Jamal will never be mayor? You think they’re voted in? Do you ever consider if voting made a difference we wouldn’t be allowed to do it. It appears authentic doesn’t it? It looks real, right? Like stage magicians when we all know it’s all sleight of hands.
"Anonymous said...
Convert all pensions in to a 401K. Problem solved. Why do other people have to pay for your retirement? Don't tell me "because it was negotiated". It was negotiated by unions and government unions are nothing but an organized crime syndicate.
Unions should be illegal too. Allow the free market to operate and all of us shall prosper.
7/03/2024 06:48:00 AM"
Well slapstick, there are rules and conditions that are and have been in place for decades, and those rules and conditions are in place in thousands of municipal, county, state, and federal agencies.
They are contractually agreed upon terms by an employer and an employee upon hiring. One of those contractually agreed upon conditions is that an employee works 29 plus years to receive a pension at 2.5% accrued per year.
You don't like it? I couldn't give 2 flying fucks what you don't like. Go move to a "right to work" state.
I fulfilled my contractually obligated terms of conditions to receive my pension.
One last thing handjob, GO FUCK YOURSELF!
Meanwhile Phil cline et al are collecting 200k pensions with at 3% cola adjustment
In addition to $150k, take home vehicle and lodging allowances from the Police Memorial Fund. Winner!
Anonymous said...
But get ready to cancel your days off so you can defend your political masters from the leftist freaks they’ve enabled at the DNC. Oh, and for God sakes don’t touch anyone or you’ll no longer be employed to receive any of the remaining pension breadcrumbs.
7/03/2024 05:13:00 AM
Blue Flu is the answer. Lay up. That’s it. Why would anyone with any dignity defend and protect overlords who are out to eliminate them? All is fair in love and war. Laying up falls under fair game.
Now that people are finally see mush brain Biden for what he really is, are people finally going to see Conehead for what he really is? Having another panic attack, curled up in a corner, in the fetal position, sucking his thumb, waiting for Stacey Gates and Preckwinkle to tell him what to do. We don't have a functioning president in Washington D.C. and we don't have a functioning mayor in City Hall.
"Anonymous said...
The pensions were adequately funded just 25 years ago. The three major villains are an incomplete recovery of paper assets from the 2008 market crash, changes in actuarial formulas, and pension funding holidays/contribution changes done at the state level.
7/03/2024 07:43:00 AM"
And who was responsible for the pension funding holidays and underfunding? Daley and Madigan.
The stock and real estate markets have recovered and irrationally continued higher since 2010-12, and asset valuations are at all time highs. Sell that bullshit somewhere else.
Actuarial formulas needed to address the fact that Daley and Madigan refused to change the State law that mandated Chicago pension funds only needed to be funded at a $2 employer contribution to $1 employee contribution. The funding should have been $5 to $1 25 years ago.
Convert all pensions in to a 401K. Problem solved. Why do other people have to pay for your retirement? Don't tell me "because it was negotiated". It was negotiated by unions and government unions are nothing but an organized crime syndicate.
Unions should be illegal too. Allow the free market to operate and all of us shall prosper
--------------------
This is by far the most ridiculous post ever. Why do other people pay for it, for you don't want a corrupt police force, a third world nation, & attract decent hires. 401k? Really, that's a complete scam. Unions illegal, read about labor in the late 1800s early 1900 hundreds , will all be waging like people in East Asia.
You fix the pension by getting rid of the pension for new hires and lift residency for new hires. Offer buyouts for people with 0-10 years. 10-20, and 20-30+.
Once that is done you have a fixed number and finite amount of liability you can budget and plan for.
New hires get 401k with generous matching to make it desirable.
There will be one guy who is the last pensioner.
7/03/2024 07:17:00 AM
How the current pension system sustain itself without new employees paying into it? It doesn't. Your theory is great for the new hires but I've been paying into the pension for 21 years. The city gonna fork over 9% of my pay for the past 21 years, match it and then add compounding interest to make up for the lack of investing for the past 21 years? No, they aren't, so fuck you.
"For the record I care, actually I care a lot."
Why?
Convert all pensions in to a 401K. Problem solved. Why do other people have to pay for your retirement? Don't tell me "because it was negotiated". It was negotiated by unions and government unions are nothing but an organized crime syndicate.
Unions should be illegal too. Allow the free market to operate and all of us shall prosper.
7/03/2024 06:48:00 AM
Convert woefully underfunded/insolvent pensions into what you say?
Are you a not so distant cousin of mittens romney?
Or are you merely another democrat minion blabbering about doing something that would relieve your masters of their obligations to not piss away taxpayers' dollars as they are constantly doing?
And you have the gall to try and cover your sneak with free market values?
Illegal Aliens and The Great Unwashed Democrat Welfare Voters get first shot at the money.
I know you retired cops and firemen want your pensions
I can understand that
If Chicago , Crook county , the state of Illinois are to go bankrupt - it s not like a business that goes bankrupt and goes out of business . Just some creditors don t get full paid .
Yeah that s you - sorry
But CTU Lib BLM Antifa retired in 1990 , getting $100k in pensions with full time to do BLM , Antifa , woke politics … they don t get paid or they could get paid in a new currency Crook County $ dollars that would be accepted as payment for things like government surplus cheese .
The thought of that warms my heart
buy me out, say 10k, just to pay for my insurance for a while. I would be the first in line
Anonymous said...
Let the First Deputy Superintendent handle all this Bullshit. Oh yea Snelling forgot to name one or maybe Cone head will not let him have one. Down sizing you know.
7/03/2024 12:42:00 AM
Why do softballs keep asking about a 1st Deputy??? Who cares! We do not need one! It’s overlap. There’s already way too many bosses with company cars. This thread is about the failing pension and mostly due to the massive amount of gold braids. Why would you want another gold braid? CPD could eliminate half the brass, especially Deputy Chiefs, and function just fine. Why can’t the Supt. simply tell his Chiefs and Deputy Chiefs what he wants? He doesn’t need to tell the 1st Deputy who will just relate what the Supt could have said himself.
Meanwhile Phil cline et al are collecting 200k pensions with at 3% cola adjustment
7/03/2024 08:15:00 AM
That is absolutely absurd beyond words! And Eddie Johnson and his friends getting pensions close to that. Nice reward for a guy that appears to have had a lot of fun being king. All these people getting massive pensions because they had friends in high places
Anonymous said...
You fix the pension by getting rid of the pension for new hires and lift residency for new hires. Offer buyouts for people with 0-10 years. 10-20, and 20-30+.
Once that is done you have a fixed number and finite amount of liability you can budget and plan for.
New hires get 401k with generous matching to make it desirable.
There will be one guy who is the last pensioner.
7/03/2024 07:17:00 AM
That would help but the problem is municipalities use the pension as the #1 incentive to work for them. Especially in a very undesirable profession like LE where there is a high probability you could lose everything including your life by simply working. The pension is a contractual agreement that we had to sign documents for on the first day in the academy. We had no choice. Money was taken out of every paycheck and put into our pension. Democrats have destroyed LE and they can barely attract people to the job. Just about every city has to offer laterals to survive. For people like myself recently retired or close to retirement the earned pension is all we have. We don’t get social security. So if the pension collapses the politicians better invent a Time Machine so we can go back to the 1990s and take a different job.
The mayor needs to stop giving Chicago residents tax money to non citizens who came into America illegally and contribute absolutely nothing.
March on Brandon’s House at 3am like the crazy Hamas nuts did with Dickweed Brad Schneider.
Start busing migrants in vans to Johnson’s house.
Cook County residents advised to check property tax bills after homeowner hit with 3,811% increase
You will own nothing and be happy!
SALES Tax on our water & sewer bills...in da mail?
The Marxists attack on the economy continues. WALGREENS RITEAID CVS and more shutting down stores retailers Target, Walmart and even Cosco now being run out of business by shoplifting mobs.
If this isn't war I don't know what it.
They put cutesy labels like bail reform and dont be a racist or xenophobic as an imported proxy army is built to destroy the economy.
Cwbchicago has a story today of a shoplifting felon Up for his 21st felony.
Ask why are the liberal leaders wanting to destroy these brick and mortar stores eliminating jobs and opportunities? Tens of thousands of Walgreens employees are headed to the unemployment line.
If you start to connect the dots you’ll notice Alexi Giannoulias all over the local and statewide news. This sudden splurge of name recognition is to smoothly anoint him as the next Governor when JB joins the Harris ticket as VP. Biden is done and even the Dem Governors and MSM have turned on him.
The priorities are that the Chicago Teachers pensions comes first as the CTU put the .mayor in office and can take him out.
For everyone else when they are done raping the pensions they will announce a plan to give pensioners pennies on the dollar while.claoming to trying to save everyone something and the pensions will be converted to 401ks so the pensioners will have control over their retirement funds (now that the funds are mostly gone) how noble and righteous
The pensions are just not a big enough crisis yet to be used as a tool to not be allowed to go to waste but we're getting there
"Add in the Teachers Pension Fund’s $15.8 billion shortfall and Chicagoans are on the hook for $53 billion in unfunded pension liabilities. That’s over $45,000 owed per Chicago household to be paid off over time." (Zerohedge)
Explain to citizens why they're on the hook for $45,000 for you to retire better than them when they're trying to raise a family and save their own money for retirement. It's bullshit.
Pensions went out with covered wagons. Most companies eliminated them 20 years ago. Agree, offer 401k but that may not sustain long term.
But politicians will blame the workers for their failures. Why do ex mayors still get police protection while doing another job?
Off topic but similar the Venezuelans male and female have HIV and aids and use this as a weapon against law enforcement. Among other crimes they have every communicable decease including HPV and sexual transmitted ones like Chanchriod syphilis a type of cold sore transmitted through contact. Wipe your workout tools Gym rats. Be careful and stay safe all.
The Progressive Socialist Democrats need to destroy the country in order to get the Revolution they dream of. They are doing this by increasing the debt, destroying businesses, creating lawlessness, etc. Stupid Democrat voters keep electing these assholes. All of you who have clout, you’re part of the grift. Gibs me mineses! These pricks are spending billions between the city, county, and state governments on illegal aliens!
our worse nightmare
As calls grow for Biden to drop out, new poll shows Michelle Obama would beat Trump
Anonymous Anonymous said...
Just do 20 and get the fuck out of town!!!!
7/03/2024 08:48:00 AM
____
Done, done, and done! For the young people, please prepare for the future. You do not need a $1,000 a month car payment. Earn some skills by using the tuition reimbursement. Pay attention and learn from the people who have financial sense.
Speaking of priorities, what is the FOP doing about the rehire program. At this point, I hope that they take their time and do not rehire me until after August.
Convert all pensions in to a 401K. Problem solved. Why do other people have to pay for your retirement? Don't tell me "because it was negotiated". It was negotiated by unions and government unions are nothing but an organized crime syndicate.
I would love my pension converted to a 401k so I can do whatever I want with my money.. Already retired so the city owes me , Let’s see 30 years at $100k a year (that’s without the cola) is $3M. Let me know when my check is ready I’ll come pick it up save the city the stamp.
So there’s legal cannabis, casinos and poker machines everywhere where’s all that money going? Kinda like the lottery was going to pay for CPS. Kinda like the tollway was temporary. Ha. Vote democratic!!!! We’ll save you.
Look at your tax bill. Over 50% goes to CPS as to roughly 25% to the City of Chicago. I'm assuming that covers CFD and CPD pension along with every other city service. That being said, CPD is not bankrupting the City.
is is official the dnc will nominate lori groot lightfoot
Anonymous Anonymous said...
OT: cancelled days off / no elective time. So now the department can declare 4th of July weekend as 5 days? Five days of cancelled days off for the 4th and somehow they squeeze nascar in there too. Now lalapalooza days off come out and they’re cancelling days off and no time due for another five days for that. What the fuck is going on. Didn’t our union win something in arbitration that said the department can only cancel for certain things? And since when can they drag out those certain things (like 4the of July) to 5 days off canceled. What is our union doing about this?
7/03/2024 05:25:00 AM
Yes, there was a finding in this matter. But if you have not already figured it out.........the city doesn't give a shit and their mindset is....grieve it!!
biden will step aside and at the dnc convention the nominee will be gene roy and he will be the greatest president that ever existed just ask him
I am waiting to get rehired by the CPD. Does anyone know if the rehires get 365 medical days or do they start where they left off, when they quit?
That golden egg is getting smaller everyday. State and city should convert to 401 plan asap. 37billion is 37000 million dollars, think the city hall money tree has that much hanging from th branches. Detroit 2.0
Fortunately, mayor BJ is a one term mayor. Unfortunately, I don't think anything is going to change while he holds office. Except that the percentage of unfunded liability will increase.
Get yours and get out...
with the dnc urging biden to step aside somebody should tell fat phil to step away from the cpmf
who have stolen enough
We are fast approaching a point where the government won't be able to fund anything...yet they are still spending like drunken sailors on a 3-day pass. This was all caused by complete mismanagement. Any and all warnings, and red flags were passed by without a care.
On that day, teachers, and city workers won't be coming to work, and neither will emergency responders...
Of course, they will try and tax their way out of it, but history has shown that it never works.
You think there is a backlog now...
7/03/2024 12:52:00 AM
Fire bosses also revert to their career service rank a month before they retire. That way they get all the benefits that the rank and file get. Affects the pay very little because they get the additional benefit but for the pay it’s the last 48 months, 47 which are at the exempt rank and one at career rank.
This Mayor can't even pay his bills on time, let alone balance his checkbook!
That's why the city going broke because of fools like Johnson!
The pension will be there when you retire. Stop listening to all these 🤡s on here. Detroit tried subtracting pension benefits years ago, And lost. The only thing they won, was getting rid of the COLA. The City of Chicago would be subject to a forensic audit if they tried anything. They will NEVER agree to it no matter who is Mayor. So yo think BJ or anyone else wants people to know where the money is going too? They will continue to make the payments, and they will have to find other revenue streams.
I thought Pot sales was suppose to go to pensions? Democratic thieves.
What happed to 911 tax used only for pensions every cell phone in city? What about the states court mandated plan where state would fund pensions prior to release tax money to city over course of 20 years that started decade ago? Its should be funded 50% by now. Might be time to sell the airport to cover costs or unloading art/artifacts from museums.
the chickens have come home to roost
Anonymous Anonymous said...
where's all the money from the pot sales tax?!?!
7/03/2024 08:31:00 AM
It went up in smoke :)
Hi - ya all know my cousin Chalkie … my name is Bouncie! In a matter of months … 300, 400, or whatever, the first Chicago pension checks will start bouncing … that’s when I’ll be front and center on the news. Yup, you can say “hi Bouncie!” when you pick me up at your mailbox.
Love,
Bouncie
Chicago, Chalkie and Bouncie … what a team! Brought to you by greed, grift and the Socialist-Communist Party. Enjoy!
Time to look for new job, if you stay no one’s fault but yours. Take personal responsibility.
Anonymous said...
What happed to 911 tax used only for pensions every cell phone in city? What about the states court mandated plan where state would fund pensions prior to release tax money to city over course of 20 years that started decade ago? Its should be funded 50% by now. Might be time to sell the airport to cover costs or unloading art/artifacts from museums.
7/03/2024 05:11:00 PM
Democrats always lie.
Touche, wasn't that joint one of the keesing bandit's haunts back in the day?
Yep, that's where he had his first white wine spritzer!
There will be one guy who is the last pensioner.
Yep. It's similar to the NHL when they made helmets mandatory but existing players were grandfathered in as optional.
Eventually the Detroit Red Wings entire team wore helmets except for Harold Schnepps.
No State may impose an income tax on any retirement income of an individual who is not a resident or domiciliary of such State (as determined under the laws of such State).
Meanwhile Phil cline et al are collecting 200k pensions with at 3% cola adjustment
End Gold Braid Pensions. They are just all about kickbacks to the Dem Party.
Civil Service rank is plenty for these clouted Pay to Play’ers
they don't get paid or they could get paid in a new currency Crook County $ dollars that would be accepted as payment for things like government surplus cheese.
This actually happened during the Great Depression. Many insolvent municipalities issued scrip (IOU's) in the 1930's. Yes, many creditors were reluctant to accept them.
So if the pension collapses the politicians better invent a Time Machine so we can go back to the 1990s and take a different job.
I say go back to the 1890s when the public was more virtuous than today. Back then there was less crime and less need for LE.
I received my tax bill in the mail today. Half of the bill was to cover CPS. And yet the Police pensions are the problems according to libs. (FYI I live in Mt Greenwood)
“
Blogger Silicon Sorcerer said...
A service charge of 10% on all pensions paid to residents in other states would at least start to put a dent in this.
7/03/2024 08:58:00 AM”
You’re a clown (🤡).
Why should someone who worked, retired and moved to another state have to pay a 10% penalty?
You’re not just a 🤡
You’re an idiot!
It is too bad that pension funds such as exist in Chicago can't be folded together into the Federal Government Thrift Savings Plan, a 401 plan, a Roth plan is also an option. . This money is managed by the Private pension fund companies, each with 100's of Billions in assets. it is completely independent of the Government. The fund invests in special short term Government bonds, the Stock Market and other civilian funds. I have never lost money in my fund no matter how bad things are.
“
Anonymous Anonymous said...
buy me out, say 10k, just to pay for my insurance for a while. I would be the first in line
7/03/2024 10:06:00 AM”
You’re not very intelligent, are you?
10m for insurance premiums will last about 18 months for an individual on the “free not so free market.”
No pension no work.
Anonymous Anonymous said...
Convert all pensions in to a 401K. Problem solved. Why do other people have to pay for your retirement? Don't tell me "because it was negotiated". It was negotiated by unions and government unions are nothing but an organized crime syndicate
Some one sounds a little bitter here and jealous.Get off our blog troll
“Anonymous said...
"Add in the Teachers Pension Fund’s $15.8 billion shortfall and Chicagoans are on the hook for $53 billion in unfunded pension liabilities. That’s over $45,000 owed per Chicago household to be paid off over time." (Zerohedge)
Explain to citizens why they're on the hook for $45,000 for you to retire better than them when they're trying to raise a family and save their own money for retirement. It's bullshit.
7/03/2024 12:12:00 PM”
Stop your bullshit hypotheticals, asshole.
Nobody is getting a bill for $45k to fund pensions.
“Anonymous said...
our worse nightmare
As calls grow for Biden to drop out, new poll shows Michelle Obama would beat Trump
7/03/2024 01:38:00 PM”
Big Mike ain’t no way no how winning any election against Trump unless it is rigged like it was in 2020 for the Pedophile in Chief.
That scenario would be a wet dream for the transgenders.
End gold braid , no pension for any appointments above Lieutenant.
Have Captains run districts,eliminate district commander.
Hire 2,000 police officers ASAP.
The cell phone tax money is dedicated to the Laborers Pension Fund only.
File a class action suit against Vanecko and the Daleys. Vanecko took pension money, claimed he lost it and bought a high rise in the south loop.
It's functioning like a ponzi scheme and someone will end up holding the bag.
3:51pm havent been rehired and already looking to scam huh
No pension for new hires ? No one would stay on this job longer than 7 years
No money for pension checks but instead goes for supporting the new illegal foreign army that will be replacing the oldline Democrats who have figured out the bullshit and are leaving the Dems.
Democrats cannot be trusted in any way, shape or form.
Yes it’s been the piggy bank of the Daley’s and other politicians for years. I can still remember when the old man Daley the first funded the teachers pay raise with money that was supposed to go into the pension fund
I am waiting to get rehired by the CPD. Does anyone know if the rehires get 365 medical days or do they start where they left off, when they quit?
—
This is hilarious!
“Blogger Old Joe said...
There will be one guy who is the last pensioner.
Yep. It's similar to the NHL when they made helmets mandatory but existing players were grandfathered in as optional.
Eventually the Detroit Red Wings entire team wore helmets except for Harold Schnepps.
7/03/2024 06:54:00 PM”
+1 for the Harold Schnepps reference.
The government is paying the pensions of the Ukranian people. Yes, the billions that we send over to ukrain goes there to fund pensions, while we worry about our own pensions that we paid into. Stop supporting the Ukrain pension system !!!!
Stop your bullshit hypotheticals, asshole.
Nobody is getting a bill for $45k to fund pensions.
7/03/2024 08:19:00 PM
Just a bill for $45 large to fund graft.
Chicago suburbs have used pension bonds to get their police pensions funded over 90%! My friend applied to the City of Hickory Hills where their police pension is 100% funded and they are taking laterals now! Anyone sticking around in Chicago who has less than 10 years will loose out. Go to the suburbs or out of state. Who would settle for a 22% funded pension when you can go to a city that has no residency requirement, whose pension is 100% funded, has NO DEI promotion policy or plans and who’s City leaders support the police because they need to feel safe in their homes.
If the pensions fall short, then the city can toss in one or two vacant lots or the boarded up homes that it owns in Englewood or Austin to fully compensate the pensionaire who is shortchanged.
I am waiting to get rehired by the CPD. Does anyone know if the rehires get 365 medical days or do they start where they left off, when they qui
Lord help us…another medical scammer. You must be originally from 9, that place seems to have quite a few of the regular weekly scammers there hitting the medical and bullshit IOD in the last few years. The place really went downhill lately.. Who is going to be the new commander? 9 needs lots of help to be straightened out.
Done, done, and done! For the young people, please prepare for the future. You do not need a $1,000 a month car payment. Earn some skills by using the tuition reimbursement. Pay attention and learn from the people who have financial sense.
7/03/2024 01:41:00 PM
Okay. You are right. I will sell my fancy truck after I buy a beater. But I do not want to give up my skinny jeans and backward baseball cap.
Everyone gets a PO pension, you get promoted fine but only LT pay. If you can’t survive on a PO pension and 457 plan after 25-29 yrs you did something wrong!
Any minority run city has the ability to over tax,bankrupt,mismanage,be wholly corrupt,and screw their citizens. Happy Fourth of July. From a former resident and veteran.
“Anonymous said...
The government is paying the pensions of the Ukranian people. Yes, the billions that we send over to ukrain goes there to fund pensions, while we worry about our own pensions that we paid into. Stop supporting the Ukrain pension system !!!!
7/03/2024 10:50:00 PM”
Yes this is correct.
And some of the money gets skimmed by the politicians and bureaucrats from the District of Columbia Whorehouse.
Basically it’s money laundering.
Survives to say the ship is going down at an accelerating rate, are there are not enough live boats to go around ! Abandoned ship before you go down with it !
How much is he diverting for his side projects. Why does each of these clown Mayors not realize. Downtown pays for all your side projects. Ignoring downtown or trying to make downtown into the west and south side will make you a one term mayor, like Lighthead.
Anonymous Anonymous said...
Anonymous Anonymous said...
Convert all pensions in to a 401K. Problem solved. Why do other people have to pay for your retirement
Why do people have to pay taxes for schools/other people’s kids if none are their own?
Pensions were negotiated. So shove your 401k solution up your ass.
I am waiting to get rehired by the CPD. Does anyone know if the rehires get 365 medical days or do they start where they left off, when they quit?
7/03/2024 03:51:00 PM
Don’t they go back and start at rookie pay? Why are so many po’s returning to the CPD. I heard there is a waiting list to try and get back
Speaking of priorities, what is the FOP doing about the rehire program. At this point, I hope that they take their time and do not rehire me until after August.
Why would this be an FOP issue? You took it upon yourself to leave now deal with the consequences. Call Human Resources, they have your answer.
Anonymous Anonymous said...
Speaking of priorities, what is the FOP doing about the rehire program. At this point, I hope that they take their time and do not rehire me until after August.
7/03/2024 01:43:00 PM
You quit?
Did you pays dues after you quit?
If not your not a member, so according to the CBA they cant bargain for you.
Have your helicopter parents parents call HR for you!
Signed by those you left behind.
Ken Hauser said everything is fine.
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