July 20th, 2019 1:36 AM
@ BK: Sorry, I completely disagree. I am not looking for a full SS Benefit. I only want the benefit that I paid into both before and after my pension. That would be my 40 quarters worked before becoming a police officer. I am not looking to be "maintained" I just want what I put in, nothing more, and what I was promised. In 1966 there was no mention of the possibility of a POG. what they did to us, the government will do the others. either by cutting benefits or making a higher age threshold. I might get this wrong, but I don't even get a full survivor ship benefit from my wifes SS if she passes first.
July 20th, 2019 1:07 AM
@ BK: Sorry, I disagree. I am not looking for a full SS benefit.
July 19th, 2019 9:20 PM
Gregg Kuenster, any failing bars in FP are doing so because there are far too many and little to differentiate them. The bar owners claim the failure is due to video gambling being voted out. I think it's more likely that they were foundering BEFORE the gambling was chosen as the savior. Re other comments, the minimum wage has little impact on business success. Suspicion lurks that OP taxes are, and always have been the culprit.
July 19th, 2019 8:35 PM
Brian it's a little more complicated than that. You don't get full SS benefits not because you are a government employee. You don't get full benefits because of the original intent of SS. Namely, if you only worked ten years ?" and therefore presumably were "poor" - SS was meant to provide 90% of your "maintenance." If on the other hand if you worked 30 years and presumably were middle class SS was intended to provide 40%. In your case the SS computers just see ten years worked. They do not see the 30 years you worked outside the system ?" those years in fact are calculated by SS computers as zero income. Therefore, the original SS calculation would be the 90% benefit originally intended for persons of limited means. Since the wise men of SS determined this would be "unfair" in your case - since you fall into the 40% not the 90% SS "maintenance" category ?" you are subject to the off set or windfall profit (WEP) correction...
July 19th, 2019 8:13 PM
Monica & Nick: What's amazing is that the teachers near retirement do not really have bargaining power on this.What are they going to do, say "We'll leave to go elsewhere?" No one will hire them at that seniority level, and certainly not give them a bonus, when they haven't worked there for the preceding decades. In fact teachers of any seniority have hard time changing schools, other than at the start of their careers. Again, they get too expensive, and may be less mold-able to the new school's culture. This practice is continued out of some misguided sense of identification with the teachers, a sort of Stockholm Syndrome (sympathizing with those who have taken you captive). Think Patty Hearst. The teachers are the Symbionese Liberation party
July 19th, 2019 7:20 PM
Nick, Excellent summary, and yes, of course, Senator Harmon should answer publicly for his vote to increase pension sweeteners for teachers at the expense of the state's taxpayers. Moreover, Harmon should address the very existence of public employee pension spikes. In the words of comedian John Oliver, "How is this still a thing?"
July 19th, 2019 5:19 PM
@ Nick A. Binotti: You are completely correct about teachers not paying into Social Security from their salary as a teacher. However, there is a POG, pension offset group. The POG states that if a person has a government pension, then their Social Security is diminished to a 19-26 percent return on the jobs the teachers worked prior to becoming teachers. In my case I started work in 1966 and worked ten years to obtain 40 credit quarters of Social Security pension benefit. When I became a police officer in 1974 and worked to 2004, I did not pay into SS. However, when I retired in 2004 I went to the SS office in Hillside and it was explained to me that because I have a government pension, I will not get a 40 quarter full benefit pension, but I will get a benefit that is reduced to 19-26 percent of the 40 quarter benefit. Worse, I went back to work in 2004 and paid in a full SS tax, and I still will only get a 19-26 benefit. My government has full knowledge that I will not obtain a...
July 19th, 2019 2:03 PM
Teachers do not get Social Security because they do not *pay* into Social Security. If teachers are willing to deduct 6.2% from their gross pay for the employee portion...plus an additional amount from their gross pay for the employer portion (because employers factor in *their* costs of Social Security when determining your gross pay)...plus work an additional 6-8 years to reach full pension vesting (because states that offer combined SS/pension plans have smaller service year multipliers)...then they are more than welcome to join the Social Security party. Any volunteers? Anyone? Bueller?
July 19th, 2019 12:08 PM
I have lived near, worked, dined, and shopped on Lake Street since 1979. I long for the days when Lake St was closed to vehicular traffic and my kids played in the fountains. But, we can't turn the clock back, so I will again put up with the construction (aka improvements) and continue to live near, work, shop, and dine on Lake St. Especially looking forward to Mancini's reopening.
July 19th, 2019 11:10 AM
The reason teachers don't get social security is because they don't pay into it. They aren't entitled to it any more than I am for a teacher's pension. The previous abuse of the teacher pension system (large salary increases for the last 4 years) burdened the entire state and has had a direct contribution to the Illinois pension mess. Ms. Griffin is either ignorant or being intentionally misleading.
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@ BK: Sorry, I completely disagree. I am not looking for a full...
By Brian Slowiak
Posted: July 20th, 2019 1:36 AM
On: Effect of pension law changes on...
Posted: July 20th, 2019 1:07 AM
Gregg Kuenster, any failing bars in FP are doing so because...
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Posted: July 19th, 2019 9:20 PM
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Brian it's a little more complicated than that. You don't get...
By Bruce Kline
Posted: July 19th, 2019 8:35 PM
Monica & Nick: What's amazing is that the teachers near...
By Kevin Peppard
Posted: July 19th, 2019 8:13 PM
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