Election Day - Chicagoland Sportbikes
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post #1 of 18 (permalink) Old 10-31-2010, 09:26 PM Thread Starter
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Election Day

Dear Fellow Bikers,

On tuesday if you are asked to vote for for "Pension Reform" please vote "No". This is Illinois' way of gutting private pension funds. They have bankrupted the state and now want to do the same to it's workers both active and retired.

Thanks
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post #2 of 18 (permalink) Old 10-31-2010, 11:27 PM
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They are entitled, especially if they are union pensions, after all, unions put them in office.
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post #3 of 18 (permalink) Old 11-01-2010, 08:23 AM
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I usually like to make a more informed decision. what exactly are they trying to do to reform it?

for instance if it was to transfer everyone's balance to a 401K and contribute to that instead, I would support it.




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post #4 of 18 (permalink) Old 11-01-2010, 08:50 AM
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All due respect but "pension reform" was passed by the state legislature last year and signed into law and it dealt only with public pensions. Any "reform" or changes to private pensions would have to come from the same bodies and would not be voted on by the people in a general election. The Republican candidate for Governor is advocating more changes to public pensions but his plan is not entirely public and would have to go through the legislature as well. Please check your facts and post something more specific as to what you are referring to because without complete information it's impossible to determine if a yes or no vote is appropriate.
The only ballot initiative that I am aware of in this election deals with giving the people of Illinois the ability to recall the governor.

"Dirt is for racing on...Asphalt is for getting there" OR "Flat trackers go in deeper and come out harder... OR (With apologies to General MaCarthur) "Old motorcycle racers never die, they just slip off the groove and fade into the dust!

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post #5 of 18 (permalink) Old 11-01-2010, 08:57 AM
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The recall is the only one listed on votesmart.


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post #6 of 18 (permalink) Old 11-01-2010, 08:59 AM
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Wait, what?

Now that I'm in the upper income bracket, what's the option that gives government less control over my money?
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post #7 of 18 (permalink) Old 11-01-2010, 09:03 AM
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Mudding up yet another thread.

Let's keep this one on point peoples

Tom

Quote:
Originally Posted by Tacitus
In a state where corruption abounds, laws must be very numerous.
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post #8 of 18 (permalink) Old 11-01-2010, 10:26 AM
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Originally Posted by Gone in 3 View Post
Wait, what?

Now that I'm in the upper income bracket, what's the option that gives government less control over my money?
None.

The only item on the ballot (in Chicago) other than elective offices was the Constitutional Amendment for direct recall.

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post #9 of 18 (permalink) Old 11-01-2010, 10:27 AM
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Hey Cerk, Do you know where I can get a "I voted for the FSM" avatar?

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post #10 of 18 (permalink) Old 11-01-2010, 10:38 AM Thread Starter
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A yes vote would give the state control over millions of dollars, however It would essentially reduce benefits for current and retired public sector workers, such as fire and police. Oldtime biker was right, these are public pensions. The concern is that the state will run it into the ground.
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post #11 of 18 (permalink) Old 11-01-2010, 11:03 AM
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The state is already over 100 billion in the hole on how unfunded the pensions are... and that's still using the over-optimistic math of an 8% annual return on investments.

Wait till they actually right-size the expected returns to something more reasonable and the unfunded liability gets re-calculated...

Everyone Exaggerates

We're being taken for a ride... agaaaaaaain.....


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post #12 of 18 (permalink) Old 11-01-2010, 07:40 PM
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Quote:
Originally Posted by rajsv View Post
A yes vote would give the state control over millions of dollars, however It would essentially reduce benefits for current and retired public sector workers, such as fire and police. Oldtime biker was right, these are public pensions. The concern is that the state will run it into the ground.
There is absolutely nothing in the recall ballot measure that deals with public pensions. I just looked it up and read it in its entirety and it deals solely with amending the 1970- Illinois constitution to provide for a recall of the governor via special election and to require a special election to replace a recalled governor. My guess is whoever told you this is against the measure and told you this will affect pensions is banking on you taking his word and voting no without reading it. Wouldn't be the first time bad info on a ballot initiative was spread in hopes of killing it.
Believe me...if there was ANY pending initiative or legislation affecting public pensions I would be VERY aware of it...I'm living on a SERS pension.

"Dirt is for racing on...Asphalt is for getting there" OR "Flat trackers go in deeper and come out harder... OR (With apologies to General MaCarthur) "Old motorcycle racers never die, they just slip off the groove and fade into the dust!

If you want to anger a conservative, tell him a lie. To anger a liberal all one must do is tell the truth!
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post #13 of 18 (permalink) Old 11-01-2010, 09:07 PM
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Vote for hope and change in IL, vote republican




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Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.

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post #14 of 18 (permalink) Old 11-01-2010, 09:16 PM
 
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Quote:
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Vote for hope and change in IL, vote republican
here, here, same for WI too!
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post #15 of 18 (permalink) Old 11-01-2010, 09:21 PM
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Quote:
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Vote for hope and change in IL, vote republican
Quote:
Originally Posted by SuperSpud View Post
here, here, same for WI too!
There's some independents on the ballot for Wisconsin, although I don't know their platform.

Whether your voting for Republican, Democrat, Green Party, or TeaBagger, just fucking Vote. If you don't vote...... quite your bitching.
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post #16 of 18 (permalink) Old 11-01-2010, 09:32 PM
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Quote:
Originally Posted by CerkMX View Post
Mudding up yet another thread.

Let's keep this one on point peoples
what was the point to begin with?

-Jason
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post #17 of 18 (permalink) Old 11-01-2010, 10:37 PM Thread Starter
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Thanks for your informed responses. There are 40 towns that have this reform bill on their ballots including Roselle, St. Charles and Westmont. The issues include combining the seperate local funds into one, to be run by ther state. Adopting a 30 year amortization period. Requiring a super majority of the general assembly for all future improvements so a 3/4 vote will be required to gain back any losses They also want to reduce the cost of living to half of the CPI for all current and future retirees. All new hires will be have a modified retirement system ie. 401K . Equalize contributions for employer and employee.
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post #18 of 18 (permalink) Old 11-02-2010, 08:39 AM
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Does anyone else find themselves bobbing along with rajsv's avatar or is it just me? maybe its the techno I got going on up in here.




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Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.

- Ronald Reagan

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