tag:blogger.com,1999:blog-35159315.post1812554035309492495..comments2023-09-17T04:46:39.619-05:00Comments on SECOND CITY SARGE: Pension Funding Ratios Decline ContinuesSECOND CITY SARGEhttp://www.blogger.com/profile/00599356905057528439noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-35159315.post-42630161216678731412006-10-25T12:46:00.000-05:002006-10-25T12:46:00.000-05:00This topic needs to be brought up not only on blog...This topic needs to be brought up not only on blogsites like yours,but in the rollcall rooms of the districts,the squadcars,the cubicles of units,EVERYWHERE a sworn PO is likely to be assigned. It doesn't matter if you're a overworked unappreciated beat cop in the district,a elite "plainclothes" unit,a "housemouse",a Det,Sgt,Lt,Capt,or exempt. This affects us ALL. Many depatment personnel are unaware of the pension situation. By the time this truly reaches crisis proportions,the people in City Hall who allowed this situation to get out of hand will be LONG gone. We as city workers in general need to COLLECTIVELY demand that our pensions are properly funded. We as employees pay our share into the fund. The city needs to fulfill it's obligation to us and PAY THEIR FAIR SHARE! We ALL have a stake in this. One more thing to consider;Our pensions unlike private industry employees are NOT federaly insured by PBGC.(Not that it matters,they're going broke as I type this.)Most of us will not be able to count on soc.security,and even if you are promised a decent amount,you'll still get less than a person who retired from a non government job thanks to the "windfall elimination" clause. ALL government employees should lobby Springfield and demand that our pensions are FULLY funded.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35159315.post-19691274174917272352006-10-20T09:22:00.000-05:002006-10-20T09:22:00.000-05:00Regarding Lt test: Roberts' class runs through th...Regarding Lt test: Roberts' class runs through the end of the year, so speculation is the early part of January for Part 2. But of course, nothing official, its not like anyone wants to make vacation plans for 13B furlough.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35159315.post-87006511907756401362006-10-19T10:44:00.000-05:002006-10-19T10:44:00.000-05:00Off topic. Anyone hear anything about Lt. Exam re...Off topic. Anyone hear anything about Lt. Exam results or the date and location for the second part. I think that the city didn't pay the bill owed to the testing company and they are holding are results hostage. Good for the testing company, bad for us Sgts.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35159315.post-75112789802320049912006-10-19T06:18:00.000-05:002006-10-19T06:18:00.000-05:00Good to see this issue up for discussion.Good to see this issue up for discussion.Schicklegrooverhttps://www.blogger.com/profile/15682840396710141541noreply@blogger.comtag:blogger.com,1999:blog-35159315.post-58378913347336502742006-10-18T23:13:00.000-05:002006-10-18T23:13:00.000-05:00When I said "not yet" I was being sarcastic. I am ...When I said "not yet" I was being sarcastic. I am pissed off about this. I wasn't happy when FOP forgave the City money it owed the pension. I also remember when Donahue was running as FOP President it was always made clear that it was he who got the <br />Troopers 80% after 26 and a day. <br />However if you read the Craine's article it states the City's bond rating is still high and that correcting the underfunding is not insurmountable. You are right the City needs to start making corrections and my fear it will be on the backs of new hires.SECOND CITY SARGEhttps://www.blogger.com/profile/00599356905057528439noreply@blogger.comtag:blogger.com,1999:blog-35159315.post-52020258432183854722006-10-18T14:00:00.000-05:002006-10-18T14:00:00.000-05:00Its not gloom & doom YET!!!! Thats all the reason ...Its not gloom & doom YET!!!! Thats all the reason the fight has to be taken to city hall NOW!! If their going to fix this by reducing benefits for future coppers, what kind of force will this city have? U guys that are going to live in/near this city after retirement ought to be concerned about that one. Doesnt anything p*ss u guys off?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35159315.post-79010680551182913232006-10-18T05:56:00.000-05:002006-10-18T05:56:00.000-05:00Mike Lazaroo (our pension rep.) was supposed to be...Mike Lazaroo (our pension rep.) was supposed to be the best thing since sliced bread. At this rate the fund is going to be bankrupt. We want answers Mike.Anonymousnoreply@blogger.com