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 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...
by Tim McPhillips | May 15, 2021 | Newsletters
LEGAL THEFT AT OUR PENSION FUND Over the years, as your pension fund trustee, I have written newsletters in an attempt to counter who I call the City Apologists, those that try to discount or discredit any genuine concern for our pension fund’s integrity. Many of...
by Tim McPhillips | Feb 23, 2021 | Newsletters
There have been some interesting developments at our pension fund, so I thought I would focus this newsletter on the administration of the pension fund. The most interesting development that I think members should be aware of is that the Board renewed our fiduciary...
by Tim McPhillips | Dec 19, 2020 | Newsletters
I have been asked by members what I think of the City’s budget that passed the City Council in November. As a trustee of our pension fund I like the budget because it finally levies enough property tax to start funding our pension benefits based on sound financial...
by Tim McPhillips | Aug 26, 2020 | Newsletters
A short time after the recent Local 2 general election, the Secretary-Treasurer “published” the annual financial statements of our Union as required in the by-laws. I really don’t think putting them on the website buried under a bunch of other, less relevant...
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