By: Diane Benjamin Last night a debate was held between Normal’s current Mayor, Chris Koos, and his challenger Marc Tiritilli. In 2017 the same two faced off, only 18.2% of registered voters bothered to vote. Think your vote doesn’t mater? Look at this: WGLT has the debate posted on their Facebook page. Tiritilli thinks Normal […]
Not a single one of the state’s five public pension systems earned more than 1% returns on their investments last year. In fact, two of the five funds actually lost money. Although pension trustees predicted Illinois’ five pension funds would earn more than $5.1 billion in fiscal year 2012, the funds actually earned less than […]
Talking with retired teachers, even those who believe that Illinois needs to get its budget in order, they all say, “Don’t touch my pension,” In fact, don’t touch anybody’s pension — it might affect me. Most won’t even consider giving up their 3 percent annual COLA. And so I ask all retired teachers, professors and […]
Refer to the picture below from the 3/31/2-12 CAFR. (financial statement) Police Pensions Plan-funded Ratio has dropped from 64.83% in 2006 to 62.71% in 2012 Firefighter’s Pension Plan-funded ration has dropped from 73.05% in 2006 to 64.94% in 2012 See the chart below: For most of the years, Normal made more than the required contribution. […]
