Pensions | WGLT

Pensions

Stan Nord speaking at Normal Town Council
Eric Stock / WGLT

The Normal Town Council on Monday narrowly approved a draft proposal that would keep the property tax levy flat for next year after several members said they could support a one-year hiatus from accelerated payments to fully fund the town’s police and fire pensions by 2040.

Normal City Hall
Staff / WGLT

Town of Normal staff estimate increased retirement contributions could cost the owner of the typical home an extra $37 in property taxes next year.

Barickman on the Senate floor
senatorbarickman.com

State Sen. Jason Barickman said he's not sure how a proposal to consolidate municipal fire and police pension fund assets will play out next week in Springfield. The General Assembly convenes Oct. 28-30 for its fall veto session.

Authorities are investigating an anonymous letter threatening the lives of anyone in line to receive state-funded pensions. The letter was mailed to several legislators and at least one public radio station. In big letters, the mailing says “Dead people can’t collect fat state pensions,” and goes on to warn lawmakers and union leaders of death by arson, strangulation or other unspecified means.

Kim Bray and Tim Gleason
Breanna Grow / WGLT

The Bloomington City Council unanimously approved a contract with AFSCME Local 699 effectively ending the city’s sick-leave buyback program for employees.

Staff / WGLT

The proposed tax levy for the town of Normal could lower the property tax rate by about 1 percent. Town staff have suggested the dollar value of the levy stay the same from last year at nearly $13 million.

Ryan Denham / WGLT

Two local pension board presidents are raising concerns about a proposal to consolidate hundreds of police and fire pension funds.

Ongoing budget talks at the Illinois Statehouse have shown no real sign of progress. This week, Senate Democrats pressed Governor Bruce Rauner’s administration this week to explain its proposal to shift pension costs to local school districts.


State of Illinois

A Bloomington State Senator says he will carefully read the Supreme Court opinion on the Chicago pension case.

Central States Pension Plan Proposes Reductions

Jan 13, 2016

The US Department of Treasury is holding a public sessions in Peoria Thursday to hear from retirees in the Central States Pension Plan facing a proposed reduction in benefits. Central States represents and estimated 273-thousand current and future retirees. It’s largely made of Teamsters.

Bloomington Sick Leave Buyback Remains Unchanged

Oct 26, 2015
Michael Hill / WGLT

The Bloomington City Council remains reluctant to change city policies for sick leave buyback. Aldermen voted in favor of a resolution to have staff look into the issue further, but have not made any adjustments to the rules that are currently in place for grandfathered employees.