Suffredin- Changing County Government  
 

Accountability
Forest Preserves
Public Safety
Cook County Budget
Forest Pres. Budget
Property Tax Appeal
Health & Hospitals
Land Bank Authority
Policy Resolutions
Unsung Heroine

 

   
 
   
   
 
   
     
  Office phone numbers:  
   
 
 

Search current and proposed Cook County Legislation in Larry's exclusive legislative library.

   
 

The Cook County Code of Ordinances are the current laws of Cook County.

   
  Cook County is the second most populous county in the nation. It is the 19th largest government in the U.S.
   
     
     
     



Cook County in talks to fix its pension gap

Sunday, January 06, 2013
Chicago Tribune
by Hal Dardick

Cook County's pension fund isn't as bad off as its state and Chicago counterparts, but it too will be depleted in coming years if a fix isn't found. Just a decade ago, the county pension fund was sound, with 90 percent of the cash on hand needed to cover payments it was obligated to make. Now it has only 58 percent of what's needed, leaving a shortfall of $5.8 billion. "It's clear we are better off than the state and the city, but the bar is pretty low there," said County Board President Toni Preckwinkle. The county shortfall has yet to put a squeeze on services, as it has at the state level, but failing to address the issue would only invite program cuts or higher taxes in the future, added County Commissioner Bridget Gainer, D-Chicago, who heads a committee addressing the issue. In an effort to avoid that day of reckoning, Preckwinkle, Gainer and other county officials have been talking to unions for the past year or so about possible solutions. Gainer has taken the unusual step of posting online data and potential changes. "Preckwinkle and her folks really want to meet and talk over stuff," said Scott Adams, the point man on pensions for American Federation of State, County and Municipal Employees Council 31. "It's painful medicine. ... Discussions are going on." One proposal published by Gainer's committee would move all county workers and retirees with pension fund-subsidized health insurance into a health care exchange. That would reduce overall costs enough to increase county payments to the pension fund while also reducing the debt by nearly $1.7 billion, according to the plan. Other aspects include switching annual 3 percent cost-of-living increases from compound interest to simple interest, a 1.54 percentage point increase in the county's pension contribution and 1 percentage point more from employees. Those changes would get the plan 88 percent funded by 2050, county officials contend. Preckwinkle, however, said she's not committed to any particular plan and won't discuss details while talks with unions are still going on. "Everything is still on the table — everything," Preckwinkle said. "I think our union leadership has shown themselves to be quite reasonable and understands" that significant changes will have to be made, "because everybody wants the pension program to be sustainable. So that means we're going to have to do some difficult things in the short term if we want to have that long-term sustainability." Preckwinkle also said the county could end up taking its own agreed-on plan to Springfield for any changes required in state law, just as the Metropolitan Water Reclamation District did last year. "We've been engaged in talks with our unions for almost a year now around pension issues, and I think what's going to happen is if there's no agreement in Springfield, we will try to come to some agreement with them and bring it to Springfield," she said.


Recent Headlines

Subject: North Shore Mosquito Abatement District - Open House - October 11, 2017
Monday, September 25, 2017
Special to suffredin.org

Morning Spin: Coke, Pepsi, Dr Pepper give campaign cash in soda tax fight
Thursday, September 21, 2017
Chicago Tribune

Cook County’s ‘health’ lie, in black and white
Thursday, September 21, 2017
Chicago Tribune

Illinois Medical District to get largest ambulance garage in Cook County
Wednesday, September 20, 2017
Crain's Chicago Business

Family Health Network Members Join CountyCare
Wednesday, September 20, 2017
Special to suffredin.org

Cook County Health to buy piece of struggling insurer's Medicaid biz
Wednesday, September 20, 2017
Crain's Chicago Business

Chief judge names acting public guardian for Cook County
Wednesday, September 20, 2017
Chicago Tribune

Cook County sweetened beverage sales continue to decline
Tuesday, September 19, 2017
Chicago Sun-Times

New bond court rules take effect, but not much of an effect
Tuesday, September 19, 2017
Chicago Sun-Times

Bond court gets underway in Cook County with different judges, new guidelines
Monday, September 18, 2017
Chicago Tribune

Harwood Heights adds retail theft as ordinance violation
Monday, September 18, 2017

Cook County’s Homeland Security interim chief resigns
Monday, September 18, 2017
Chicago Sun-Times

Cook County's social worker for the dead helps the unclaimed find final resting places
Monday, September 18, 2017
Chicago Tribune

After legal challenges, Cook County's court for unwed parents quietly goes away
Monday, September 18, 2017
Chicago Tribune

Welcome to Cook County, Mayor Bloomberg. You're getting played on the soda tax.
Friday, September 15, 2017
Chicago Tribune

Evans reshuffles bond court; meet the ‘Pretrial Division’
Friday, September 15, 2017
Chicago Daily Law Bulletin

Editorial: The Cook County Board's legacy: Killing Cook County jobs
Friday, September 15, 2017
Chicago Tribune

If the soda tax were out of sight, would it be out of mind?
Friday, September 15, 2017
Chicago Tribune

Cook County Board delays showdown over soda tax until October 10, and other Chicago news
Thursday, September 14, 2017
Chicago Reader

City reports record number of Chicagoans with health insurance
Thursday, September 14, 2017
Crain's Chicago Business

all news items

Paid for by Larry Suffredin and not at taxpayer expense. A Haymarket Production.
^ TOP