by Tim McPhillips | Sep 25, 2021 | Newsletters
Brothers and Sisters, This year is the first year that the City has put into our pension fund what professional actuaries believe is an adequate amount of money to start properly funding our pension fund to secure our retirement benefits. Finally, after decades of...
by Tim McPhillips | Sep 24, 2021 | Uncategorized
As your pension fund trustee, I am often asked about Tier 2, what it is, and how it differs from Tier 1. Tier 2- What it is? Tier 2 is a response by the Illinois Legislature to address the chronic underfunding of pension funds throughout the State. The legislation...
by Tim McPhillips | Sep 21, 2021 | Newsletters
As a Chicago firefighter or paramedic, do you believe your public sector union dues, spent on political contributions, are beneficial to your long term financial security or your families’ well-being? Do you know how much of your monthly union dues end up in the...
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