By: Diane Benjamin
On April 22nd the Illinois House passed HB 2523 116 to 0. For once every Democrat and every Republican agreed: https://ilga.gov/legislation/votehistory/102/house/10200HB2523_04222021_027000T.pdf
What is HB 2523?
This bill amends the language in the original bill that created the Police Officers Pension Investment Fund. Remember when pension funds were consolidated to hopefully perform better?
The original bill banned any lobbyists from being appointed to this board, except for ONE. That ban doesn’t apply to any representatives of the lobbyist group the Illinois Municipal League. HB 2523 bans them too.
I’ve written numerous stories about IML. They lobby for government which frequently means they don’t care what citizens think. They are a non-profit organization which in the past also fails to file tax returns. Local government uses them to justify actions and ignores them when what IML says doesn’t fit their agenda.
Why does this matter?
See this story: https://www.forbes.com/sites/adamandrzejewski/2021/04/19/why-illinois-is-in-trouble–122258-public-employees-earned-100000-costing-taxpayers-158-billion-despite-pandemic/?sh=1830ebd57f03
In just another case of Illinois corruption the top IML officials will receive a government pension even though they don’t work for the state of Illinois.
Brad Cole of the IML is on this Board: https://insurance.illinois.gov/Newsrls/2020/03/IPOPIF-MTG-MINUTES-02-24-2020.pdf
Cole’s salary increased almost $100,000 in one year meaning taxpayers are on the hook for his even larger pension.
Since this bill passed the House it was gone nowhere in the Senate. https://ilga.gov/legislation/BillStatus.asp?GAID=16&GA=102&DocNum=2523&DocTypeID=HB&SessionID=110&LegID=131332&SpecSess=&Session=
One source told me Pritzker doesn’t want the Senate to act on this bill. Senate President Don Harmon is complying.
Bipartisan unanimous legislation even gets blocked in Illinois. The ghost of Madigan? Pritzker and Cole are buddies? Harmon doesn’t represent citizens?
Take your pick.
Maybe our representatives can explain how people who don’t work for the State of Illinois qualify for excessive pensions at out expense too.