A continuation of the analysis of the current situation in Illinois by WirePoints: Fact 9 9. Downstate pension costs. By 2015, cities across the state were in deep pension crises of their own. Public safety pension promises (accrued liabilities) had grown 6.4 percent annually over … Continue reading
From the Illinois News Network: As costs grow, cities push to consolidate hundreds of local public safety pension funds By Brett Rowland | Illinois News Network City leaders want to consolidate hundreds of local pension funds for police officers and … Continue reading
It is not uncommon for police officers and firefighters to get jobs after retirement. In my Village of Lakewood, experienced police officers have been hired that the village otherwise could not have afforded. When the Village Board concluded that the … Continue reading
The election results for the Village of Spring Grove can be seen below: Winners were Randy Vinyard incumbent Jim Anhalt Ron Kopke Losing were Ryne Powell Steve Bishop Ted Trzaskowski The other election was a referendum to impose a police … Continue reading
There are not election day results posted yet, but from the early voting, the Spring Grove police pension tax referendum, one can predict without much chance of being wrong that the referendum has failed. Here is what the McHenry County … Continue reading
Richmond 4 Republican Precinct Committeeman and candidate for Spring Grove Village Trustee Ryne Powell is coming out against a local referendum that would increase local property taxes. The referendum to be voted on takes place April 7th. So far, Powell … Continue reading
The Cook County Treasurer’s Office has put online all sorts of financial information that was previouisly virtually impossible to a taxpayer to find. Let’s look at the Home Rule municipality of Barrington Hills as an example. Let’s look at the … Continue reading
The following was received from Richmond Village Clerk Karla L Thomas in reply to McHenry County Blog’s Freedom of Information Request for information about the Village of Richmond’s Police Pension Fund: “The Village of Richmond’s population does not require us … Continue reading
That’s the response that I received from my Freedom of Information request to Village Clerk Melissa L. Goldman. Here’s the part of her email that answers my question: “The Oakwood Hills Police Department currently does NOT have a pension fund … Continue reading
McHenry County Blog drilled a dry hole in its Freedom of Information Act request for information about Prairie Grove’s Police Pension Fund. That’s because none exists. Here’s the reply I received: … Continue reading
Among the best funded municipal Police Pension Funds is Marengo’s. In 2010, it had 77.44% of the amount that it has obligated for retired police officers. Here are the figures since The figures go back to the turn of the … Continue reading
Fox River Grove has a Police Pension Fund presumably financed primarily by local property taxes. The funding level is about half of that of the distressed State of Illinois pension funds. Illinois funds it pension funds at 45%. Fox River … Continue reading
While I only requested two bits of information about Police Pension Funds for the last ten years in my Freedom of Information request to most McHenry County municipalities, the City of McHenry sent figures back to 1996. The funding in … Continue reading
There is no Police Pension Fund in the Village of Lakewood. That’s what Administrator Catherine Peterson replied to my Freedom of Information request. Here’s what she said: “Concerning your second FOIA request (Police Pension), please be advised that our Police … Continue reading
During the first decade of the Twenty-First Century, the Village of Huntley worked its pension funding level for policemen from nothing to 45%. 45% one should note is the same funding percentage as the State of Illinois pension funds have. … Continue reading
Over the last ten years the City of Woodstock’s Police Pension Funding has increased from 61.5% in 2002 to 68.5% in 2011. $7.2 million will have to come from taxpayers to fulfill the commitment made by recent city councils. … Continue reading
Spring Grove is the latest McHenry County municipality to share its Police Pension funding information. For the most current year, the level is 49%–about ten percent higher than that of the State of Illinois. The fund is $1.6 million underfunded. … Continue reading
Municipal police pension funding is well below the radar of local citizens. Most probably don’t even know that local property taxes pay for them. Or the extent of underfunding. Today, McHenry County Blog will start looking at them Harvard will … Continue reading
Yesterday we saw that the Harvard Police Pension Fund was funded at 60% of the money necessary to pay for the retirement obligations incurred. The fund in Lake in the Hills is in substantially better shape. With pension funding at … Continue reading
