Illinois Public Pension Fund awards for commitment to funding and protecting police and firefighters’ retirement

On December 5th the IPPFA presented Mayor Robert Lovero of Berwyn and Mayor Tari Renner of Bloomington with recognition awards for their commitment to funding and protecting police and firefighters’ retirements.

Mayor Lovero and the Berwyn City Council passed a bond issuance in which the city placed $15 million into the police pension fund and $15 million into the firefighters’ pension fund. The city entered into a memorandum of understanding with both pension funds to participate in a full faith effort to issue a series of bonds every two years for the next 10 years until the funds are a minimum of 90% funded.

In Bloomington Mayor Renner and the Bloomington City Council approved a 1.25% utility tax that will go directly to the police and fire pension funds. This tax will cost the average Bloomington household $3.50 per month and is expected to raise $1.7 million the first year. Bloomington Alderman Scott Black was recently quoted “it’s going to be making sure that we meet our legal obligations to them (first responders) and our moral obligations.”

The IPPFA commends both Mayor Lovero and Mayor Renner and their respective City Councils for their strong and progressive stand on pension funding. Their actions should be an example for other communities to follow.

Chicago Mayor Rahm Emanuel Tries To Exempt Financial Firms From Ethics Laws

Once again he shows who’s interests he has at heart.

Chicago Mayor Rahm Emanuel Tries To Exempt Financial Firms From Ethics Laws
www.ibtimes.com

Rahm Emanuel’s administration tries to prevent a probe of campaign cash he got from firms managing city pension money.

Task Force on 21st Century Policing

FirstResponderPensionFacts is proud to congratulate our friend Sean Smoot’ appointment to the president’s task force. Excellent choice for the first responder. Way to go Sean…..

Fact Sheet: Task Force on 21st Century Policing
www.whitehouse.gov

Today the President will sign an Executive Order to create the Task Force on 21st Century Policing and announce its members. The Task Force is part of the Administration’s efforts to strengthen community policing and strengthen trust among law enforcement officers and…

Do You Remember Senate Bill 2404? Rahm Emanuel says SEIU 73’s Boardman…

teacher/poet/musician : Do You Remember Senate Bill 2404? Rahm Emanuel says SEIU 73’s Boardman…
teacherpoetmusicianglenbrown.blogspot.com

AFSCME, other unions sue to overturn Chicago pension cuts

AFSCME, other unions sue to overturn Chicago pension cuts
m.afscme31.org

AFSCME has joined with three other unions and a group of active and retired City of Chicago employees – including several AFSCME members – to file a lawsuit in Cook County Circuit Court seeking to overturn legislation that would sharply reduce pension benefits for city…

Why Illinois pension reform may be constitutional

Why Illinois pension reform may be constitutional
www.chicagobusiness.com

Conventional wisdom is Illinois’ pension reform plan will be struck down by the Illinois Supreme Court as unconstitutional. But forecasting court rulings is risky.

David Orr. Cut TIFs. Not pensions.

David Orr. Cut TIFs. Not pensions.
preaprez.wordpress.com
Cook County Clerk David Orr says we should place a moratorium on TIFS rather than cutting public employee pensions or raising working family’s property taxes. A recent report, by the Washington-bas…

A Legal Win for Making Public Employees Pay More of Their Pensions

A Legal Win for Making Public Employees Pay More of Their Pensions
www.governing.com

The state Supreme Court has sided with lawmakers who revamped the state retirement system in 2011, requiring public employees to increase their retirement contributions.

LIKE CLOCKWORK: Pension plans to be looted nationwide as Congress okays institutional theft of funds

LIKE CLOCKWORK: Pension plans to be looted nationwide as Congress okays institutional theft of funds
m.naturalnews.com

By Mike Adams, the Health Ranger(NaturalNews) On April 2, 2013, in an article entitled Economics 101: Production, coercion and theft, I wrote about the coming looting of pension plans, stating:When societies approach collapse, coercion shifts to…

Congress’ backroom pension-cutting deal is even worse than expected

Congress’ backroom pension-cutting deal is even worse than expected
www.latimes.com

At last the actual language has been released of the backroom, last-minute congressional deal allowing benefits of millions of retired workers to be shredded.