Friday, May 11, 2012

Setting it straight.


How dare he?

I couldn't have said this better. What is most troubling is where are our local elected leaders? We haven't heard from them and they can't be found. They are scared of Rahm. 
t am writing in response to the May 8 editorial and the column heralding Mayor Rahm Emanuel’s preposterous new pension “plan.” The only words that come to mind after reading this report are …….. How Dare You!
How dare anyone suggest that retired public servants who are living modestly on a fixed income be threatened with a drastic reduction in their earned retirement security in order to fix a problem they had no hand in creating? Most of these individuals do not receive Social Security and depend solely on their pension incomes. They faithfully paid every cent of their pension obligations throughout their careers so that one day, when they could no longer perform their duties, they would be able to live out their remaining years with dignity.
We currently have over 500 firefighter widows living on less than $1,000 a month, a figure that by today’s standards means their annual income falls below the poverty line.
As for the mayor’s example of a 1995 retiree now making over $100,000 in pension benefits, I cannot find anyone in the Chicago Firefighters Union bargaining unit who retired in 1995 who receives $100,000 in pension benefits. Our rank-and-file members retire with far less pension income than was portrayed.
Mayor Emanuel correctly admitted that the city failed in its own responsibility to pay their portion of these pension contributions for decades. Yet, in the same breath, he insinuates that the only way to avert a fatal pension fund collapse, without receiving major concessions from those who already have paid their fair share, is to more than double Chicago’s property taxes. Raising property taxes is not the only option to shore up these funding levels, and many ideas have already been floated on how we can improve the funding ratios of all our pension funds. We know that a problem exists and realize a solution is necessary, but scare tactics are not the answer. In addition, the constitutionality of the mayor’s suggestions will also come into question and may need to be decided by the courts.
The mayor and others have often stated that it will take “shared sacrifice” to bring city pension funds to an acceptable funding status. But as I see it, by proposing the elimination or reduction of cost-of-living adjustments for current retirees, they are asking those who are most vulnerable and who have based the remainder of their lives on what was promised to them, to shoulder the bulk of this sacrifice. Our current and future retirees did not create this mess, but they are the ones now being asked to fix it.
Tom Ryan, presidentChicago Firefighters Union Local 2

7 comments:

  1. Anonymous5/11/2012

    i just want what i was promised when i became i firefighter 10 yrs ago,nothing more nothing less.

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  2. Anonymous5/11/2012

    is it true the city just paid over $9,000 big ones per bike in a recent contract for bike rentels across the city?

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  3. Anonymous5/12/2012

    That number is incorrect. Its in the area of $2,800 per bike. A company from Portland.

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  4. Anonymous5/12/2012

    oh only $2,800 ,thats ok then.

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  5. Agian, where is the so called investigative reporting from the rags we call newspapers? Just because this mayor worked for the almighty one in Washington doesn't make him fool proof ,or is it just a fool. It looks like we as voters and tax payers wil have to take back our governing one ward at a time. Let's start here in the 19th but don't just talk about it .......

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  6. Anonymous5/15/2012

    What IS sadly FUNNY is the fact that City, County AND state Employees HAVE BEEN CONTRIBUTING EVERY PAYCHECK TO THEIR PENSIONS, SADLY , Gov't HASN'T NOW IT IS THE EMPLOYEES FAULT? give me a break . The elected officials WILL see to it that their pensions WILL be taken care of AND SCREW THE LITTLE GUYS, THANKS FOR NOTHING!

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  7. Anonymous5/15/2012

    But thanks to another great Democrat Dan Rostenkowski his Social Security will be reduced by 60% because he gets a gov't pension/s.

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