By: Diane Benjamin https://www.bloomingtonil.gov/home/showpublisheddocument/32213 Some city employees are still spiking pensions. They rack up leave/sick days, cash out a lump sum at retirement, and use it to substantially boost their pensions. State law changed in 2012 to let IMRF (Illinois Municipal Retirement Fund) bill local governments for those spiked pensions—ones the governments never funded extra […]
By: Diane Benjamin https://www.cityblm.org/Home/ShowDocument?id=25362 I thought there was a deadline for City of Bloomington employees to retire if they wanted to spike their pensions, but evidently it’s still happening: These two employees will receive much higher pension benefits merely because nobody at the City stopped them. This fleece has cost Bloomington taxpayers MILLIONS of dollars […]
By: Diane Benjamin http://normal.org/ArchiveCenter/ViewFile/Item/3660 Spending to obtain Tiger grants continues: Normal still allows pension spiking: Lots of Interest being paid:
By: Diane Benjamin A little history: A lot of department spending at the City of Bloomington is done by PCard. Since December isn’t a month with conferences to attend and employees are more likely to take time off, it shouldn’t be a surprise PCard spending is lower than usual: https://www.cityblm.org/Home/ShowDocument?id=23757 https://www.cityblm.org/Home/ShowDocument?id=23995 January: https://www.cityblm.org/Home/ShowDocument?id=24210 February: So […]
By: Diane Benjamin http://normal.org/ArchiveCenter/ViewFile/Item/3339 This statement is in the minutes for approval from the last meeting: Koos had 7 people interested, 3 that had filled out the on-line form. See this previous story: https://blnnews.com/2019/06/27/more-koos-fib-and-kevin-mccarthy/ Normal allows spiking too. CDM (Children’s Discovery Museum) Foundation Board has 13 Board members. Since the Board is a non-profit, why did […]
By: Diane Benjamin Below is what the failure by the Bloomington City Council to change the Sick Leave Buy Back policy has cost you. Penalties began to be charged in 2012, they are assessed for allowing employees to spike their pensions with pay for unused days off. Received by FOIA from IMRF: (the final cost […]
By: Diane Benjamin http://www.cityblm.org/Home/ShowDocument?id=21517 5 more employees are spiking their pensions- Sick Leave Buy Back: The $1,600 charged by the EDC (not including travel) so Tari could attend One Voice didn’t cover the expenses: Did you know when you use a credit card the merchant gets charged a fee for processing? Fees vary, hopefully somebody […]
No discussion! Passed 9-0 along with the rest of the consent agenda. By: Diane Benjamin Citizens are OUTRAGED that City employees have been allowed to spike their pensions by accumulating sick days. The costs to taxpayers is close to $2 million. Tonight the Council will approve a new union contract, with a $200 signing […]
