by Diane Benjamin
Firemen’s Pension – 51.38% funded
Police Pension – 58.23% funded
All other employees – 31.95% funded
(Percentage are as of 12/31/2011 as reported in the 4/30/12 Financial Statements)
Are employees other than Fire and Police less important? Why is their funding percent so much less?
Total Unfunded Liability as of 4/30/12:
Fire – $37,640,948
Police – $37,844,830
Other – $35,496,747
Cities can file bankruptcy. Maybe citizens and union members should investigate how the 3 candidates for mayor plan to handle pensions. Since the current council isn’t interested in funding pensions, ask their opponents if they plan to fund the pensions.
Compensated Absences payable is now $9,872,000. Employees can accumulate unused sick and vacation days (up to 1800 hours) and be paid for them when they leave City employment. In 2011 this figure was $9,692,724, an increase of $179,000 in 1 year. Where in the private sector is this benefit available?
2 thoughts on “Bloomington Employees: Pensions”
I’m gone to convey my little brother, that he should also pay a quick visit this weblog on regular basis to
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