By: Diane Benjamin
Tonight’s Bloomington Council packet contains this statement on PDF page 4: http://www.cityblm.org/Home/ShowDocument?id=12802
PDF page 107
This payment of $64,859.95 brings the total to $1,877,252.40 since the law was changed in 2012 requiring accelerated payments to make up for pensions cost caused by spiking.
This expense is completely avoidable but City employees would be upset, so screw you taxpayers!
That’s not all:
Employee Health Insurance:
How much does the private sector provide to their employees? https://www.zanebenefits.com/blog/study-the-average-cost-of-small-business-health-insurance
Next look at the TOTAL COMPENSATION Report for 2016 – the report is mislabeled as 2017: http://www.cityblm.org/Home/ShowDocument?id=12646
Notes at the bottom say employees pay an average of 25% of the cost, the amount listed for insurance is what taxpayers are forced to pay. Contributions by employees are NOT included.
Pensions spiking and lavish benefits for employees – at your expense – prove the City of Bloomington is doing nothing to control the biggest costs they have: EMPLOYEES.
The City’s cute statement about controlling cost is meaningless. You have more tax increases coming your way!