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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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That math works out to $67.6 mill ot (for 1/2 year) x 2 / 13,350 officers = $10,127 avg cop ot $ per year. In a city that has more cops per capita than any other major city. and a 12% homicide clearance rate —–CRAZY. One again ,all the city has to do is publish data without naming individuals for all departments , including cps, showing tax payers where the work hours are being spent from straight time, to over time, to family medical leave days, disability, sick days, vacation days etc, etc—in the name of transparent government why does… Read more »
I think it’s fine as long as it’s done the way you’ve suggested. Publishing the general statistics seems to be within the public’s right to know and may bring some needed pressure to better control such matters.
A cop friend told me he spends half his day or more now doing bureaucratic work way over what he had to do ten years ago. Whenever you ask an employee to “work your process” rather than “work the work”, you get less real work out of them. It’s all CYA work for someone else, doesn’t help the cop.
And I’ll bet that’s where most of that overtime is going. Gotta love that CST spin.