Suffredin- An Advocate for All of Us  
 

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.

   
  Eighteen of the 20 largest banks in the world and more than 50 foreign banks have offices in Cook County.
   
     
     
     



Preckwinkle Seeks to Overhaul Government Pension Plans

Monday, May 18, 2015
Chicago Defender
by KaiElz

To tell the truth the resolutions to reestablish the city employees pension plan is up for grabs. To date nothing sound has  been put on the table as a doable sustainable plan.  However Cook County Board President Toni Preckwinkle has  put forth her best efforts to  revive a plan to overhaul government worker pensions, with supporters arguing the proposal is vastly different from changes to state retirement benefits recently struck down by the Illinois Supreme Court. Preckwinkle’s proposal stand to cut benefits and raise retirement ages but also guarantee health care benefits for workers at retirement. It calls for the county to put almost $147 million more a year into the pension fund, yet there’s no specifics about how she’ll fund that increase.  In fact she sounds very politician like, “all options are on the table.” According to one internal county document, if the County Board chooses to foot the bill with a property tax increase, the average homeowner would pay up to $65 more a year starting in 2017, when Preckwinkle sought the same legislation last year. Unfortunately the  measure was approved by the Senate last year but stalled in the House. It is now on schedule to be heard by a panel of House lawmakers next week. Lawmakers have been challenged  with how to  cut pension costs after the Supreme Court ruled that a 2013 law that cut state worker retirement benefits violated a clause in the Illinois Constitution that says such benefits “shall not be diminished or impaired.” It’s rumored that  Cook County plan may get around that restriction using a theory in contract law called “consideration.” Under that theory, benefits can be scaled back, but only if workers agree to the changes and are given something in return. Preckwinkle backs a proposal  supported by  some labor unions and carries the promise the county would pay more into the system in exchange for a change in benefits. In addition the plan provides a first-time guarantee of health insurance subsidies for retirees and a hedge against inflation in cost-of-living increases, county officials said. In summary the proposal on the table has a  different structure than the law denied  by the high court and appears to be  worth passing. Under the proposal, current county employees would see their retirement contributions increased to 10.5 percent of their annual pay by 2016 — up either 2 percentage points or 1.5 percentage points, depending on the employee. Future retirees, but not current ones, would get less in yearly cost-of-living bumps. Instead of 3 percent a year compounded increases, they would receive either half the rate of inflation or 2 percent, whichever is higher, with a limit of 4 percent. But unlike earlier state and city pension changes, the county adjustments would remain compounded, allowing pension checks to rise more quickly over time. County workers also would have to work longer before they could retire. In most cases, retirement ages would be raised by five years. The proposed changes would not apply to employees who started working for the county after 2010 because they already pay more and get less when it comes to retirement.


Recent Headlines

Preteens out of detention before trial under new ordinance
Friday, September 14, 2018
Chicago Daily Law Bulletin

Cook County Board bars detention of youth under 13 years old
Thursday, September 13, 2018
Injustice Watch

Preteens accused of crimes won't be locked up at Cook County juvenile center
Thursday, September 13, 2018
Chicago Sun-Times

Slowik: Cook County offers residents last chance to comment on strategic plan
Thursday, September 13, 2018
Daily Southtown

Settlement over Cook County's 2007 decision to cut inmates' dental care will cost nearly $5.3 million
Wednesday, September 12, 2018
Chicago Tribune

Anti-patronage Shakman pact requiring federal oversight of Cook County hiring, firing to end
Friday, August 31, 2018
Chicago Tribune

1st District upholds merit board in firing of deputy
Thursday, August 30, 2018
Chicago Daily Law Bulletin

Neighborhood program helps Cook County residents buy homes
Sunday, August 26, 2018
Chicago Sun-Times

Judge upholds Cook County firearm, ammunition taxes
Thursday, August 23, 2018
Chicago Daily Law Bulletin

Editorial: E-filing should make Cook County courts more accessible. It doesn't
Wednesday, August 22, 2018
Chicago Tribune

Cook County tax incentive could pave way for Wingstop, Dunkin' Donuts on Elgin's Summit Street
Tuesday, August 21, 2018
Chicago Tribune

Editorial: What happened to the elk?
Friday, August 10, 2018
Chicago Tribune

Wells Fargo to offer $15,000 grants to potential Cook County homebuyers
Thursday, August 09, 2018
Chicago Tribune

Suit alleges Cook County detainees secretly monitored in bathrooms in holding cells at courthouses
Wednesday, August 08, 2018
Chicago Tribune

Half the elk at Busse Woods died last year, and officials aren’t sure why
Tuesday, August 07, 2018
Chicago Tribune

A letter from Dr. Jay Shannon regarding gun violence and Stroger Hospital
Tuesday, August 07, 2018
Special to suffredin.org

As Evanston adapts to minimum wage hike, nearby towns say they have no plan to join in
Tuesday, August 07, 2018
Chicago Tribune

Lawsuit could blast a $250 million hole in county budget
Monday, August 06, 2018
Crain's Chicago Business

Pappas: Automatic refunds of $19.5 million going to 53,000 homeowners because of property tax cuts
Monday, August 06, 2018
Special to suffredin.org

Thousands of Cook County homeowners to receive property tax refunds
Monday, August 06, 2018
Chicago Sun-Times

all news items

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