By: Diane Benjamin
Obviously nothing happened at the Bloomington City Council meeting last night to change the pension spiking policies that have cost taxpayer’s millions. Policies can’t be changed close to an election, so the gravy train for government employees continues.
According to the nearly year old financial statements that were just released, employees can accumulate vacation days too:
OPEB is Other Post Employment Benefits, add that to net pension liability and it proves government exists for government employees – not taxpayers.
Source: Here See PDF pages 46 and 76.
HR claimed last week that negotiations are starting with many of the City’s unions. The first group that needs their compensated absences abolished are the non-union people. Two courts have ruled that ending pension spiking does not “diminish pensions” as defined in the Illinois Constitution. The change should be made immediately!
The unions that do have contracts that allow spiking can then be told the taxpayer fleece ends now. If they don’t like it, outsource their jobs! City employees need to quit running the City at taxpayer expense.
Compensated Absences aren’t just a problem in Bloomington. The Illinois Policy Institute just released a report: https://www.illinoispolicy.org/unpaid-sick-leave-will-cost-taxpayers-3-4-billion-over-the-next-three-decades/
Illinois residents can stay here just to fund lavish benefits for public sector unions, or leave. The mass out-migration continues, so it appears many have made their choice.