By: Diane Benjamin
At last Monday night’s Council meeting a discussion took place about pension spiking. The Chicago Tribune reported on Emily Bell’s pension spiking and the resulting fine of $358,394.12 the Bloomington taxpayers were forced to pay. Her fine was the highest in the State. Obviously the discussion never would have taken place if the Chicago Tribune hadn’t reported it. A spokesman for IMRF said taxpayers should be OUTRAGED – and you should!
Emily Bell was not a union employee. If she worked for State Farm or ISU her benefits could have been changed without notice. HALES choose not to prevent the “accelerated payment” (fine) assessed by IMRF against the City.
Bell wasn’t the only one, in fact just this year 6 more City employees spiked their salaries which resulted in additional “accelerated payment” fines. Yet, Monday night Hales claimed he didn’t know or was worried about being sued if the “banked” sick pay policy was changed. Alderman Buragas played cover for his ineptness.
I filed a Freedom of Information Act request with IMRF 2 days ago – I got it today. I didn’t file with Bloomington because weeks from now I’d probably still be waiting. I also filed for “accelerated payments” assessed against the Town of Normal, Unit 5, and District 87 since 2011.
Nothing appeared for District 87. Below is the complete report. If David Hales didn’t know he should be immediately fired. The same applies if he did know. Throwing your money away is a way of life for David. 2 fines are from 2012, 7 from 2014, and 7 from 2015. The last two haven’t been paid yet. I wonder if these payments were on Bills and Payroll or buried somewhere else?
$1.2 million thrown away! Outraged?
(if reading on a phone, image may not appear)