Capitol - Your Illinois News Radar » *** UPDATED x2 *** Police unions agree to back revised pension consolidation bill
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*** UPDATED x2 *** Police unions agree to back revised pension consolidation bill

Friday, Nov 8, 2019

* Press release…

Illinois Fraternal Order of Police (FOP) State Lodge President Chris Southwood and Illinois FOP Labor Council Executive Director Shawn Roselieb issued the following joint statement today about the negotiations regarding the proposed consolidation of downstate Illinois police and fire pension systems:

“After extensive talks with legislative leaders and Governor J.B. Pritzker’s Office, state lawmakers have indicated they will amend legislation to consolidate police pension funds, and the amendments will address our major concerns with the initial legislation. We agree in principle with these proposed amendments but want to make sure they make it into the final language of the bill.

“The revised legislation would give active and retired municipal police officers a majority on the board that will control the consolidated investments. The revised bill would allow pension funds to provide the best rate of investment return for police officers. The amended legislation would also make badly needed corrections to the unfair and flawed tiered system of pension benefits.

“We are also happy that the proposed amendments keep the local pension boards in place to efficiently administer benefits.”

*** UPDATE 1 *** Police Benevolent and Protective Association of Illinois Member Update…

The Police Benevolent and Protective Association of Illinois, along with other police groups and stakeholders, has been meeting throughout this week with legislative leaders and members of Governor J.B. Pritzker’s staff to discuss the proposed consolidation of downstate Illinois police and fire pension systems. We expressed our opposition to the initial legislation and its potential impact on police officers’ retirement security. Thanks in large part to our members calls and letters to the editor, we have been successful in convincing legislators to amend the bill (originally agreed to by the AFFI) to address several major concerns. We have agreed in principle with these proposed amendments and will ensure they make it into the final language of the bill.

The revised legislation gives active and retired municipal police officers a majority on the board that controls the consolidated investments. The bill includes provisions that keep police pension monies in a separate fund WHICH CANNOT BE ACCESSED, SWEPT, or USED AS COLLATERAL by the state. It also provides that this new board is limited to investment decisions, NOT decisions about benefits. The revised bill also removes outdated and damaging restrictions on pension investments so that police officer funds can be invested more appropriately under the guidance of the new police majority board.

The amended legislation also makes crucially needed corrections to the unfair and flawed tiered system of pension benefits. Finally, the proposed amendments ensure that the local pension boards remain in place to administer benefits and that their decisions will not be subject to interference by third parties

We are cautiously reviewing proposed language to protect our members’ interests as much as possible.

We will update members regarding ongoing developments as they occur.

*** UPDATE 2 *** The governor’s office has distributed a fact sheet on the compromise legislation. Click here to read it.

…Adding… Governor’s office…

Governor Pritzker is determined to address the decades of failure that have created Illinois’ pension challenges, and consolidating 650 downstate and suburban police and fire pensions will be an important step forward in alleviating the growing burden of local property taxes and produce significantly better returns for first responders. The administration is pleased that support continues to grow and appreciates the backing from police organizations, who have joined with firefighters and municipal representatives in supporting this commonsense reform.

- Posted by Rich Miller        

  1. - Bertrum Cates - Friday, Nov 8, 19 @ 4:38 pm:

    So, they get to administer their own fund?

  2. - Retired Pension Trustee - Friday, Nov 8, 19 @ 4:43 pm:

    They need to pump the brakes on this. The FOP And Labor Council do not represent all police officers. There are many issues with this plan such as parity with municipalities that PROPERLY funded their portion of the pension contribution vs municipalities that refused to fund or purposely shorted their funding so they could spend on other unnecessary (and sometimes necessary) expenses. This is being ramrodded through and when this happens taxpayers and probably the members of the funds will suffer.

  3. - Back to the Future - Friday, Nov 8, 19 @ 4:46 pm:

    Agree with Retired Trustee

  4. - Adroit Opiner - Friday, Nov 8, 19 @ 4:50 pm:

    AFFI, IML, FOP, and PBPA on board? It’d take a special kind of legislature to screw this up.

  5. - Maybeboomer - Friday, Nov 8, 19 @ 5:08 pm:

    No numbers, no cost provided how is this useful information? Details with cost and not just 5 years but over the longterm, right cause isn’t this about pensions.

  6. - Adroit Opiner - Friday, Nov 8, 19 @ 5:25 pm:

    ==Retired Pension Trustee==
    You’re aware that the pension code allows you to submit an intercept to the IOC within 90 days if your municipality shorts their payment, correct? That brings me to the unnecessary expenses piece- I’ll let Mark take it from here:

    ==taxpayer and members will suffer==
    at $1 million a day in increased returns, I’ll gladly take that punishment

    ==Details(sic) cost and not just 5 years==
    Glad that’s brought up, increased returns (from the report) equal $820 million-$2.5 billion over 5 years, and $3.6 billion to $12.7 billion over 20 years. That’s a lot of police officers and firefighters at a salary cap of $124K for the tier 2 changes to offset those kinds of returns.

Sorry, comments for this post are now closed.

* Reader comments closed for the weekend
* Pritzker thanks Dr. Ezike, extends financial protections, points to progress, says no more daily COVID-19 briefings - Calls Trump tweets "reprehensible" - "I want to send my condolences to the family of George Floyd, and also to every African American in this country" - Defends budget decisions - Credits Illinoisans for progress against virus - No bill signing ceremonies - Hopes testing progress continues - "It seems as if President Trump is withdrawing us from the rest of the world" - No out of state travel plans - Talks contact tracing - Asks Illinoisans to be careful during reopening - Will sign Medicare for undocumented seniors bill - Refuses to criticize Lightfoot for Trump comments - Talks about difficulties in securing testing locations - Dr. Ezike and Pritzker respond to question about what they've learned about themselves and leadership - "We're no longer in a stay at home order"
* 1,622 new cases, 86 additional deaths
* *** UPDATED x1 *** What in the heck is going on in Rockford?
* COVID-19 roundup
* All metro areas reporting record high unemployment rates
* School seclusion and restraint bill derailed after opposition
* Attorney DeVore asks appellate court to dissolve another TRO
* Question of the day
* Madigan issues new guidance to members, staff
* Architects abandon alternative reopening plan
* SUBSCRIBERS ONLY - Supplement to today’s edition
* House of worship attendance limit expected to be removed from stay at home order
* Open thread
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Sheriffs file suit against state for refusing to accept jail transfers
* Pritzker says IDPH has offered "suggestions" to churches - Says he's received "pushback" from some private nursing homes - IDPH will file new rule on nursing homes - Still looking at what to do about IDPH rule - Dodges question about Willie Wilson - Employers should use "common decency" when bring workers back - Will wait on feds before making any more budget decisions - Central Illinois hospitalization numbers improve - "We might potentially have to move backwards in the phases - "Not our intention" to make changes to Phase 4 guidance - No plans to dine at restaurant this weekend - No decision about ending daily briefing - Repeats that he has never encouraged police enforcement - Suggests GOP demand for IDES audit could be a "political move" - Still pondering school reopening - All testing is free - Asked about dangers of Legionella in large buildings - Testing and tracing metrics are "internal goals" - Points to federal rules on unemployment and workers who refuse to return - "Difficult for us to open theaters in the near future" - Dr. Ezike talks rules for malls - Dr. Ezike monitoring outbreak at county jail with ICE detainees
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