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Recent Comments

Righty1 - Quincy Mayor, Police & Fire Chiefs disagree over proposed budget cuts - Quincy, IL News - QuincyJour
I don't recall you calling for a part time mayor when the previous mayor blew $6 million on Hydro which is exactly what put the city in this predicament.
CoolEdge - March jobs report: Illinois workforce shrinks, manufacturing continues bleeding - Quincy, IL News -
And some try to tell us that is just the boomers retiring, but in fact the older folks are working longer, it is the younger folks that are leaning on entitlements more than before.
The Bureau of Labor Statistics notes that, for instance, the labor participation rates of those aged 25 to 54 years decreased from 76.4% in 2002 to 70.9% in 2012 – while the rates of those aged 55 and over…
HuhWhy - Quincy Mayor, Police & Fire Chiefs disagree over proposed budget cuts - Quincy, IL News - QuincyJour
This mayor is a poor leader. He thinks he is the smartest one in the room. How can you move an organization in the direction it needs to go when the leader is not competent?
WarCry - Yard waste stickers a no-go - Quincy, IL News - QuincyJournal.com
Another idea that was put forward to try and prevent cuts and/or taxes, presented by the mayor and shot down by (part of) the council. But guess who will be blamed....
WarCry - Quincy Mayor, Police & Fire Chiefs disagree over proposed budget cuts - Quincy, IL News - QuincyJour
I don't see why not. Those very same elected officials (at the state level, anyway) seem to think it's perfectly acceptable to renege on established contracts when they decide it cost too much to honor the commitment. Good for the goose, right? (BTW, this isn't an issue of whether you support unions or not. Even if you hate them and think they screwed everyone over with their contracts,…

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Illinois Senate president: Chicago pension fix job 1 this year

1 year, 3 months ago from Chicago Tribune

Cullerton’s comments come less than two months after the state approved a massive plan to deal with the $100 billion pension debt for state workers, university employees and teachers outside Chicago

From from Chicago Tribune:

With Chicago staring at a deadline for coming to grips with a $29 billion pension debt for teachers and public safety workers, Illinois Senate President John Cullerton is urging unions to help negotiate an agreement on retirement benefits lest lawmakers act on their own.

But Cullerton, in a Tuesday interview ahead of next week’s new legislative session, also said that coming up with a deal on city police and firefighter pensions could be very complicated since fixes applied to other government worker pension systems wouldn’t apply.

“The pensions for Chicago is a real major issue which we have to deal with because if we don’t, we’ve got built in triggers that would require dramatic increases in contributions into those pension funds,” the Northwest Side Democrat said. “It’s a crisis if we don’t do anything.”

Cullerton and House Speaker Michael Madigan helped build in those city pension triggers by passing a 2010 law requiring increased payments for public safety pensions.

Cullerton’s comments Tuesday come less than two months after state legislators and Democratic Gov. Pat Quinn approved a massive plan to deal with the state’s $100 billion pension debt for state workers, university employees and teachers outside Chicago. Those changes involve curbing cost-of-living increases and increasing retirement ages for workers while also lessening employees’ contributions to their retirement system. The law is being challenged in court by worker and retiree groups over its constitutionality.

Without quick changes in state law, Chicago Public Schools face a $612 million payment for teacher pensions for the budget year that ends June 30, about triple what they had been, Cullerton said. At the same time, payments for police and fire pensions will increase by nearly $600 million next year.

At one point last year, Cullerton proposed a measure to delay increased city payments to police and fire pensions until 2018. The plan also would push back the need for large-scale increases in city funding for those pensions until 2022, buying Mayor Rahm Emanuel even more time.

Cullerton said that proposal was designed to get people to the negotiating table and not to delay the day of reckoning.

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