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tts - QPD Blotter for 10/23/14 - Quincy, IL News - QuincyJournal.com
Sounds to me like an insurance scam!
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The real question is: Who in the world is looking to GREDF for voting guidance? Yawn.
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I understand that teacher's do not have opulent salaries but the statement about throwing good money after bad is biased. From what I have heard, the schools are structurally sound. Also, the state should not have tell us what repairs have to be made as they should have been completed as necessary. Doesn't the school district have paid staff to understand the state laws for maintenance…
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Rauner doesn't have to tell voters in Cook County to vote. they'll be voting early and often anyway, heck even dead ones vote in Cook county and republicans vote for democrats when using faulty voting machines.
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Stolen was a purse, wallet, credit card, iPad, 18-inch TV, GPS, cash, diamond earrings with matching necklace, and sunglasses. Doesn't everyone keep those items on an unlocked car behind your house?

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Illinois pension reform numbers not kind to taxpayers

Illinois pension reform numbers not kind to taxpayers

1 year, 1 month ago By Benjamin Yount, Illinois Watchdog

Illinois’ public employees could pay less for their own retirements

SPRINGFIELD  —  Illinois’ public employees could pay less for their own retirements.

And, they still could leave the job as young as 55 and cash in a pension for as much money as they can get, leaving taxpayers on the hook for most of the costs under the latest pension “reform” plan in the state.

Details are leaking out of Illinois’ special pension committee, the group of lawmakers tasked with fixing the state’s worst-in-the-nation pension systems. But state Rep. Elaine Nekrtiz, D-Northbrook, who leads the panel, said nothing is final.

“No one said ‘yes,’ but no one said ‘no’ either,” Nekritz told the Chicago Tribune.

Republican state SenBill Brady, who is on the pension committee and is running for governor, said there is nothing to vote on yet.

“It’s just a numbers game at this point,” Brady told Illinois Watchdog.

But those numbers do not appear to be stacked in favor of the 95 percent of Illinois taxpayers who do not receive a public pension.

The latest compromise plan is suppose to save Illinois taxpayers $145 billion over the next 30 years. It’s less than the so-called Madiagn plan, SB1, which would save a reconfigured $163 billion by forcing pension changes. But the committee’s plan would save far more than the so-called Cullerton plan, SB2404, which would save just $57.6 billion by giving employees a series of choices.

Automatic cost-of-living adjustments, which have been 3 percent, appear to be on their way out. Instead, pensions adjustments would grow at a rate of about half the amount of inflation. The We Are One Illinois Coalition, which represents state public employee labor unions, said that alone will cost retirees about 25 percent of their retirement benefits.

“Teachers, police, nurses, caregivers … deserve better from the conferees. So does the Illinois Constitution, which lawmakers are sworn to uphold and which provisions of the committee’s outline would directly violate,” a coalition statement read.

Brady was quick to say that “most of the reform savings would come from COLA adjustments.”

But public employees would benefit from three numbers: 1 percent, age 55 and $66,816.

Public employees in Illinois — teachers, state cops, university workers and the like — actually would pay 1 percent less toward their retirement plans than they do now. The average now is about 9 percent.

There are no plans in the latest pension-reform proposal to raise the retirement age. Many public employees could retire at 55 and collect pensions for the rest of their lives.

State Rep. Tom Morrison, R-Palatine, said unless Illinois fundamentally changes the overly generous retirement benefits for public workers, the state will not be able to afford its pension promises.

“We don’t have the (financial) freedom o do half measures. We need to be bold,” Morrison added. “I continue to believe that moving to a 401(k) plan is the only real solution that’s fair for both taxpayers and public employees.”

The average teacher pension in Illinois is $66,816 a year, according to the Illinois Policy Institute.

OpenTheBooks.com founder Adam Andrzejewski said that nearly 9,000 public retirees in Illinois make at least $96,000 a year from their pension, or about $8,000 a month.

Contact Benjamin Yount at Ben@IllinoisWatchdog.org and find him on Twitter @BenYount.


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Bob Gough 1 hour, 25 minutes ago

Every time a liberal spouts "B-B-B-Bush!!!" after an Obama error, an angel loses its wings.
Bob Gough on Twitter

Bob Gough 1 hour, 31 minutes ago

@ToDisparage @SharylAttkisson Perhaps I didn't like it when the previous administration did it either.
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Bob Gough 12 hours, 42 minutes ago

@daverichard I cut him today.
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Bob Gough 12 hours, 56 minutes ago

RT @SharylAttkisson: WHAT'S THE BIG SECRET?Why did Pres. Obama use executive privilege to withhold my Fast & Furious Freedom of Info docs? …