SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Report: Link “verging on a deal” for first responder pension reform

Thursday, May 22, 2014

* Sen. Terry Link has been attempting to put together a deal to reform local police and firefighter pension plans. Link, who voted against state pension reform, has made it clear that he wants what he considers to be a constitutional solution. WBEZ reports that Link is close to a deal. We’ll see

One proposal Link outlined during a closed-door meeting earlier this week would grant pension funds wider latitude in how they can invest their money. Illinois pension law currently restricts how much money pension funds can pour into certain types of investments - such as stocks - with smaller pension funds facing tighter restrictions, while larger ones are free to take more risks. Critics say this has hamstrung police and fire funds that might otherwise have seen bigger investment returns.

Another proposal would change the makeup of the hundreds of five-member boards that govern police and fire pension funds outside of Chicago. Right now, two members are appointed by each municipality, with two elected from the ranks of working cops and firefighters and one retiree. Municipal groups argue that leaves them in the minority during key pension fund votes. According to sources, Link wants to increase the boards to six members - three appointed by the municipality and three chosen by public safety workers - possibly with a seventh member chosen by the whole group.

A third idea would allow smaller pension funds to pool their assets and invest them together. This falls far short of the mayors’ call to consolidate Illinois’ hundreds of discrete pension fund into a single entity, similar to the fund for municipal workers around the state. But backers say it would provide more stability for funds with less money to invest.

Link’s proposed [five-year moratorium on changes to the pension law without both parties’ consent] could be a tough sell. It would mean cops and firefighters wouldn’t be able to win the sort of benefit enhancements that mayors have blamed for their public safety pension woes. But it also means mayors and municipal groups wouldn’t be able to fight for more sweeping reforms - with bigger savings - in the near future.

The firefighters and coppers always point out that they negotiated those previous pension changes with local governments.

Discuss.

- Posted by Rich Miller        


11 Comments
  1. - Enough - Thursday, May 22, 14 @ 10:41 am:

    How about turning the pension funds over to the unions and out from under state government instead of trying to micromanage everything.


  2. - Walker - Thursday, May 22, 14 @ 10:41 am:

    Hate to say it but Link’s been “verging on a deal” on gambling expansion for a decade.


  3. - Anonymous - Thursday, May 22, 14 @ 11:01 am:

    These are young person occupations and we must be careful to not change the dynamic as to have a 60+ yr old responding to alarms.
    Lets abolish other public sector pensions and follow private industry and start 401k style for new employees. Police, Fire and the Military must always be looked at differently.


  4. - Norseman - Thursday, May 22, 14 @ 11:20 am:

    I was going to say something nice, but Walker got me with his poignant observation about Link’s successful deal-making.

    Actually, from the generalities the proposal sounds like a reasonable response. Which means that Walker is right in his belief that this will not happen.


  5. - Shemp - Thursday, May 22, 14 @ 11:39 am:

    I don’t recall our municipality negotiating any pension changes in the past…. For that matter, under the arbitration system as it is set up, municipalities don’t have much room period to negotiate. There is in fact very little local control in the process in practice.


  6. - The Doc - Thursday, May 22, 14 @ 12:09 pm:

    ==Lets abolish other public sector pensions and follow private industry and start 401k style for new employees. Police, Fire and the Military must always be looked at differently==

    Another profile in courage proposal by a nameless Raunerbot. Into the spam folder….


  7. - Walker - Thursday, May 22, 14 @ 12:10 pm:

    I’m often wrong. Just sayin.


  8. - Ahoy! - Thursday, May 22, 14 @ 1:05 pm:

    –The firefighters and coppers always point out that they negotiated those previous pension changes with local governments.–

    True or not, I’m not sure, but even if it’s true it’s not a good argument. Politicians don’t make the best choices for today on tomorrow’s pensions. I think Illinois and numerous units of local government can serve as that reminder.

    The 5 year moratorium would probably help the cities, the General Assembly just can’t help themselves about giving away a benefit (and earning votes and campaign contributions) while not having to pay a dime of state funds.


  9. - Former Pension Trustee & Retired - Thursday, May 22, 14 @ 1:08 pm:

    All past legislation for pensions has been negotiated. It is state law and not under the jurisdiction of local municipalities. When Public Safety Pensions received a benefit in negotiations they also had to give something up. This is negotiation 101. The Municipal Organizations have not just ceded benefits to employees. Negotiations included the Pensions Law Committee and various organizations representing public safety personnel. Unions are not the only group that bargained with various Municipal groups for any pension law changes.

    The arbitration system that many municipalities have AGREED to use with their various Unions do not apply to Public Safety Pension Law.

    In the early 1990’s Municipalities were allowed to kick the can down the road by “refinancing” pension obligations. They all knew at that time that pension payments artificially decreased and would increase in the future. No one at the IML or other Municipal Organizations (like the DuPage Mayors and Managers) continued to have their municipality make the higher payment back then. They knew that this shortage was going to happen and ignored it. Now they want to wash their hands of the obligation and blame others for the problem.

    The responsibility sits squarely on their shoulders. The elected officials and professional managers set this in motion.


  10. - Judgment Day - Thursday, May 22, 14 @ 1:19 pm:

    There’s a reality on the ground happening inside municipalities….

    1. The building inspectors are being outsourced, or contract only. No full time, and maybe no part time - just contract.
    2. The plumbing inspector / electrical inspector are being outsourced, or contract only. No full time, and maybe no part time - just contract.
    3. The code enforcement inspectors are being outsourced, or contract only. No full time, and maybe no part time - just contract.
    4. In Cook County, the health inspector is/are being outsourced, or contract only. No full time, and maybe no part time - just contract.

    Reality is, everything not law enforcement is being looked at really hard to see if it can be cut back to (at best) part time, or contracted/outsourced.

    It’s not occurring everywhere - yet. But it is happening, and municipality workforces are slowly being hollowed out.


  11. - Chris - Thursday, May 22, 14 @ 2:40 pm:

    “Reality is, everything not law enforcement is being looked at really hard to see if it can be cut back to (at best) part time, or contracted/outsourced.”

    They’d outsource the cops, too, if it weren’t almost certain to backfire (and, you know, actually genuinely legal).


Sorry, comments for this post are now closed.


* Somebody's fee-fees are hurt
* Today's quotable
* Peoria paper warns of "revolution"
* Today's number: 86
* Question of the day
* Strike vote, then one-two punch for CPS
* Dealing with "the Madigan question"
* Rauner again refuses to comment on transportation lockbox proposal
* Trump on Chicago violence
* Indiana ain't no shining state on the hill
* *** UPDATED x3 - LWV, Common Cause, ACLU respond *** Federal judge rules in Illinois Policy Institute's favor on election day registration
* Voices warns about stopgap budget impact
* Illinois Policy Institute's legal arm intervenes in Mautino case
* SUBSCRIBERS ONLY - Supplement to today’s edition
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Yesterday's blog posts

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............
<


Search This Blog...

Search the 98th General Assembly By Bill Number
(example: HB0001)

Search the 98th General Assembly By Keyword

  
* India getting YouTube Go, a data hawk’s dream
* Best Sprint phones
* Samsung Pay gets coupons for loyalty card retailers
* Sprint’s free iPhone 7 deal could make it money
* Huawei Mate 9 renders show it in nine finishes
* Google enhancing Chrome on Android with upgraded features
* Samsung Galaxy Note 7 problems not turning buyers off

* Eaton thinks White Sox can rebound in 2017
* Turner says Fernandez was 'rare combination'
* Morneau's 3 RBIs back Shields in 1st W since July
* Sale looks to improve Cy Young hopes vs. Rays
* Shields snaps 10-start winless run vs. Rays
* Morneau's 3 RBIs back Shields in 1st W since July
* Morneau's 3 RBIs back Shields in 1st W since July

...............


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0
WordPress

Loading


* Doug Finke: Rauner faces the public on Facebook.....
* Governor Rauner Wants You to Volunteer for Our .....
* Rauner’s Money Helps Republicans be Competitive..
* Illinois launches “Serving Those Who Served” in.....
* Illinois video gaming revenues continue to rise.....
* Rauner's Money Helps Republicans be Competitive.....
* Safe Roads Amendment – “Spread The Word”..
* Edgar: Trump candidacy, Rauner money make 2016 .....
* Editorial: More blood in the news cries out for.....
* Brown: Judge’s decision gives Republicans a boo.....


* Many women say Trump showed too much testosterone at debate
* Man held without bail in fatal shooting near Millennium Park
* Many women say Trump showed too much testosterone at debate
* Marion doctor subpoenaed in Illinois investigation
* Marion doctor subpoenaed in Illinois investigation
* Data show just 86 freshmen enrolled at Chicago State
* Urbana man pleads guilty to choking wife, hiding body
* Correction: Kidnapping Charges-Illinois story
* Hearing to discuss preparations for Zika in Illinois
* Hearing to discuss preparations for Zika in Illinois

* IMA says workers' comp reform, broader sales tax base will help manufacturing jobs
* Former Gov. Edgar, Chris Kennedy both oppose a Trump presidency
* Edgar, Kennedy both oppose a Trump presidency
* Data shows just 86 freshmen enrolled at Chicago State
* Doctor subpoenaed in Illinois medical marijuana investigation
* Data show just 86 freshmen enrolled at Chicago State
* First Gold Star Families Day observed at Capitol
* Chicago teachers vote to authorize strike in contract talks
* Donation lifts fundraising caps in Illinois comptroller race
* Planning underway locally for Illinois' 200th birthday

* Trunk Club is no longer free
* Tyson recalls 60 tons of chicken nuggets
* Chicago region to keep eligibility for federal manufacturing funds
* Why Snapchat's Spectacles can succeed where Google Glass failed
* McDonald's and DDB take stage to discuss new agency


* Report: Shimon Peres, former Israeli leader, dead at 93
* Fans not throwing away their shot to see first ‘Hamilton’ preview
* Man wounded in Fernwood shooting
* Sweet: Trump opines on Chicago crime; skips city in suburban stop
* Arrival of fall: Feedbag time for Chicago fishing?
* How Jose Fernandez’s tragic death could affect NL Cy Young race
* Mihalopoulos: Two ex-workers not giving up case against Duckworth
* Amazon picks up new series from ‘Transparent’ boss Jill Soloway
* Gonzalez looks to finish strong for Sox
* Brandon Marshall: I learned from yelling in Bears locker room


* Windsor school 'tasting menu' a big hit with students
* Englewood hopes Starbucks, Whole Foods create ripple effect
* Hey, Mr. Trump: Chicago is beautiful
* Inmate freed after nearly 25 years in prison when DNA clears him in boy's killing
* U. of I. students hold vigil for shooting victims while police seek suspects
* Bulls' Fred Hoiberg declares starting power forward slot 'open competition'
* Don't expect John Fox to follow trend of changing coordinators midseason
* Driver says Tri-State crash 'happened so fast'
* Protest planned outside Trump fundraiser in Bolingbrook
* Bears cornerback Kyle Fuller to miss most of the season on injured reserve


The widget AQL4JYGHIY powered by Feed Informer does not exist.


* IMA says workers' comp reform, broader sales tax base will help manufacturing jobs
* Former Gov. Edgar, Chris Kennedy both oppose a Trump presidency
* Michael Gerson: Out of his depth, Donald Trump clings to deception
* E.J. Dionne Jr.: Clinton shifts the election in her direction
* Catherine Rampell: Another year of Congress, another string of broken promises
* Edgar, Kennedy both oppose a Trump presidency
* Data shows just 86 freshmen enrolled at Chicago State
* Doctor subpoenaed in Illinois medical marijuana investigation
* Data show just 86 freshmen enrolled at Chicago State
* First Gold Star Families Day observed at Capitol


* Campustown Shooting Vigil
* Shooting Victim Speaks
* Illini feeling positive with season approaching
* After 10 years of trying, Bettendorf woman will appear Wednesday on 'Jeopardy!'
* PODCAST: Sports Talk 9-27-16
* State police investigating Nashville woman's death
* Edgar: Trump candidacy, Rauner money make 2016 unpredictable
* Judge's ruling reduces Election Day registration in Illinois
* Two injured Tuesday in Davenport crash
* Rare historical photos of Decatur, Macon County II


* Police arrest suspect in 3 DuPage County bank robberies, seek one more
* Playoff scenarios are getting real now
* Rozner: Arnold Palmer left this world a better place
* Imrem: Chicago Bears more Mistakes than Monsters of the Midway
* Girls golf: Winds of fate favor Barrington

* House lawmakers overcome hurdle on key tra...
* Rodney Davis talks funding with Bloomingto...
* The agency that fought Illiana gets a new ...
* Rep. Dold takes educational cruise down Ch...
* Lawmakers decry high turnover rate of VA h...
* CBD Oil, and politics
* Simon considering state Senate bid
* Killer Congressman Tom MacArthur trying to...
* Shutdown? State may not notice
* Rep. Bob Dold

* Senator Durbin Calls On EPA To Protect Ame......

* It Was That Tim Lee – The Daily Record - T......
* It Was That Tim Lee - The Daily Record (re......

* Homeless Chicagoans Evicted From 'Tent City' At Shuttered Uptown School
* Oral Arguments On Landmark Clean Power Plan To Be Heard Tuesday
* Federal Judge Blocks Illinois' Election Day Voter Registration Rules
* Illinois GOP Chairman Defends Rauner, Trump During Chicago Speech
* This week's news from members of IL's GOP Congressional Caucus
* Where's Weyermuller? Watching Clinton and Trump debate
* Funding Caps Lifted In Illinois Comptroller's Race
* Chicago's Violence Emerges As Topic In First Presidential Debate
* Lasonde: Ten Times More Syrian Refugees? Four Reasons Why That’s Wrong
* Trump in Bolingbrook Wednesday


* Schools Encouraged to Participate in International Walk to School Day on Oct. 5
* Governor Rauner Cuts Ribbon for Grand Opening of Obed and Isaac's Peoria
* Governor Rauner Encourages Illinoisans to Serve Those Who Served
* Governor Rauner Proclaims First Gold Star Family Day in Illinois
* IDNR Announces Campsite Reservations Open for Sites in Solar Eclipse Zone - Southern Illinois Will Experience Total Solar Eclipse Aug. 21, 2017




      Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller