More Council Fails last night

By:  Diane Benjamin City Manager Tim Gleason was on WJBC this morning.  The latest example of “leading from behind” is the new pension spiking policy.  Non-union employee policy will change AFTER all the union contracts are changed – if they are changed.  Those non-union employees are likely management.  Instead of setting an example of putting taxpayers […]

Pension Spiking might end YEARS from now

By:  Diane Benjamin PDF page 336   http://www.cityblm.org/Home/ShowDocument?id=20206 Sick Leave Buy Back and the resulting pension spiking is finally being addressed (years late) Monday night.  The law changed in 2012 to allow IMRF to penalize municipalities who practice pension spiking.  Without doing another FOIA to IMRF, I believe the penalties Bloomington has paid are nearing $2,000,000. […]

Pension Spiking: incredible waste of money

By:  Diane Benjamin Spiking pensions in Bloomington has cost taxpayers over $2,000,000 since 2012. Spiking a pension means collecting more in retirement than employees are entitled to.  Your government “gifts” them more retirement at taxpayer expense.  The IMRF retirement system started charging for spiking when they realized the pension funds would not remain viable if […]