No pension bump for Stermer, MJM still not persuaded on special session
Friday, Dec 19, 2014
* Reporters (as well as several commenters) have asked what impact this appointment of Jerry Stermer to comptroller will have on Stermer’s pension. His pay will go up about ten grand a year and he could be eligible to move over to the General Assembly Retirement System, which has a better benefit package than his current SERS deal.
Well, Stermer has always been a class act, and he demonstrated it again this afternoon.
Stermer will not pay into SERS during his three weeks as comptroller and will not seek to move over to GARS.
Good for him.
The haters are gonna have to find something else to complain about.
…Adding… As a commenter pointed out earlier, moving into GARS wouldn’t have meant much anyway…
* Also, I talked to Speaker Michael Madigan’s spokesman Steve Brown today about the Stermer appointment. The Speaker had asked for a bipartisan agreement with the “executive department.” Bruce Rauner’s statement about Stermer’s new job surely qualified as such…
In light of that “executive department” agreement, I asked, does the Speaker have any new thoughts about a special session for a special election? Brown said his previous answer would be the same unless he hears otherwise and didn’t hold out much hope for that, claiming that a special session could possibly be dealt with in the spring session.