By: Diane Benjamin
See this post from yesterday: https://blnnews.com/2015/08/26/imrf-what-did-hales-know-and-when/
David Hales could have stopped this insanity in 2012. $1,216,177.70 of Bloomington taxpayer dollars would not have disappeared if employees and David Hales had any ethics. All that needed to be done is this: Employees get their accumulated sick leave pay THE DAY THEY LEAVE CITY EMPLOYMENT, NOT MONTHS BEFORE!
Here is how Hales allowed these employees to boost their pensions and cost you money:
Pensions paid through the IMRF fund (Illinois Municipal Retirement Fund) are calculated based on the 4 highest year salaries. Employees retire with 55% of that average. Bloomington allows employees to accumulate sick days, it used to be up to 1800 hours (not sure if it still is, but Hales reported new employees no longer get this). Before the law changed in 2012, employees would be paid a lump sum when they retired which boosted their 4-year average pay and thus their pension.
The change to the law is that any increase in salary in the final 3 months of employment CAN NOT boost a pension. Here’s where the unethical behavior and the conspiracy by City employees comes in.
The employees listed on yesterday’s post took the money early – more than 3 months before they retired. If they had been paid the day they left, their pension would not have increased. They still would have received the payout, but they wouldn’t have profited from it the rest of their lives and taxpayers wouldn’t have been fleeced!
Bloomington was forced to pay IMRF $1,216,177.70 because contributions to the pension fund from the employees and the City for the entire time each worked didn’t cover the future expense.
All David Hales had to say in 2012 is employees get paid when they LEAVE, not months before. The discussion last Monday night was nothing but CYA by Hales. He talked about possibly being sued if the payout for existing employees was ended. He claimed a meeting was held with employees and they are now upset. Dah David. It’s a perk nobody in the private sector gets, but City employees want their money. Continue to raid the City treasury because the City didn’t change the policy years ago, just change when they get paid.
Call a special Council meeting TODAY. Change the payout policy to checks are issued the day you retire. Instantly NO MORE FINES. The change needs to be made NOW to prevent more abuse of taxpayers.
Next, fire David Hales for obvious incompetence and lying. Amelia Buragas played CYA for David Monday night. Learn anything Amelia?
Attorney Jeff Jurgens reported Monday that another 220 employees could be eligible for this benefit in the future. How many will retire tomorrow and cost you another million?