-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Crackdown on crime bozo
Sounds to me like she’s trying to get back at the FOP for thumbing their noses at her mandatory *inoculation*…
Stay strong CPD, don’t get the *vexxine*…
Screw Lori!
An off-duty police officer can choose to either 1) make $60/hr in OT patrolling violent streets and the risk that entails or 2) make $40/hr standing in a climate-controlled ballroom monitoring drunk yuppies. Unless you’re trying to pad your pensionable salary or have massive gambling debts to pay off, why choose #1?
Sounds like you’re admitting that police are not paid enough to do the job. The only way it makes financial sense is if you factor that their pension will get increased. I’m not disagreeing with your assessment but just find it funny when so many on here complain that public employees are overpaid.
I’m saying the overtime may not be worth it. CPD is paid time-and-a-half for OT. If you’re a cop that just finished his shift, would you rather make 50% more doing that same job a little longer or make the same amount doing something much less stressful?
If the overtime “may not be worth it” then by definition the pay is too low. Maybe a 200% premium?
Without moonlighting cops… many churches, VFW’s, stores, restaurants, etc. will be less secure. What a person does with their skills off hours is nobody’s business but their own.
“Without moonlighting cops… many churches, VFW’s, stores, restaurants, etc. will be less secure.”
THAT IS THE POINT!!!! The regime doesn’t care about crime, they only care that you wear your mask and take the poison!
She just wants to stick her thumb in somebodies eye, anybody! She’s angry, and a train wreck! Who better to spit at slap but the cops. Her spawn COPA hasn’t produced anything but an inflated budget. Now she’s got Arne and Axelgrease stalking her. Her life has evolved to a perpetual helicopter take off.
Why is she trying crackdown on moonlighting AFTER the new fop contract has been signed??
With all the mandatory OT required from CPD officers during past two years, who has time to moonlight anymore. Seems Lightfoot eliminated moonlighting opportunities already.
And it ignores the two main reasons city employees moonlight in the first place: 1) to get on Medicare when they hit 65, and 2) to pay their ever-increasing city property taxes.
All city employees have tons of contractually allowed time off–vacation, sick days, hollidays, comp time and on and on. As well as tons of opportunities to take ot. My family account once told he he thought his client who had the best deal was city electrician pulling in way over $100k and running his own electrical contractor buz on top of that. Once again, with city giving Joe Ferguson the boot, with no promise of replacement, is anybody at city keeping track of all the time off & ot?