Baldermann and Taxes
Posted in the Chicago Ridge Forum
#1 Mar 2, 2012
In Chicago Ridge there was a Tax rebate program that seems to have disappeared, our taxes in Chicago Ridge are too expensive, if you don't agree with me, I don't understand that either, but it seems like too me in my opinion that Tim Baldermann was a former police officer in Chicago Ridge, it has come to my attention that the village is paying for his early retirement and other very expensive expenses at the same time while our program is discontinued, it has been said that his departure is questionable, now that he is Mayor of New Lenox, that town is has the benifit of a tax rebate program in my opinion at our expense and a slap in the face too this village, while we suffer with high property taxes, it's too much, enough is enough. If you have anything to add and comment about this issue please let all of us know.
#2 Mar 3, 2012
vote for Gene
#3 Mar 4, 2012
Police and fire pensions get padded despite Illinois' pension deficit crisis
Chicago Ridge boosted salaries for its police chief and a deputy before they retired. Over the next decade, salary benefits for them could reach $2 million, paid out from the village's underfunded police pension.
July 16, 2010|By Steve Schmadeke, Tribune reporter
Shortly before Tim Baldermann retired as Chicago Ridge's police chief, the town boosted his salary by more than $70,000, handing the 44-year-old as big a paycheck in retirement as he earned full time on the police force.
The deputy police chief, who sat on the pension board, received a similar deal. As it did for Baldermann, the town added Dennis Kapelinski's unused vacation time to his final salary in exchange for opting out of insurance coverage and gave him a 20 percent raise just before he retired, documents show.
Ads By Google
The Leader in E-commerce
More Stores Trust Volusion®. Award-Winning. Get Free Trial Now!
Baldermann, who also is New Lenox's mayor, saw his police pay including 100 days of unused vacation time jump from about $127,000 to $199,000 while Kapelinski's salary went from $105,000 to $188,000, according to village documents. Their pension benefits are calculated using final salaries.
Chicago Ridge boosted their benefits and those of two deputy chiefs in 2006 even though the Illinois Department of Insurance, in a 2006 audit of the village's police pension fund, warned that "increasing salary to inflate pensions" for two prior employees violated the pension code and was "actuarially unsound."
Towns have long been aware of the financial time bomb created by pension deficits, but what happened in Chicago Ridge was hardly unique. Some municipalities are sweetening deals for their top police and fire administrators even as they call for pension reform in Springfield.
Illinois' pension system including police, fire and public-sector employees is the most underfunded in the nation, according to the Pew Center for the States, with only about half the assets needed to cover a staggering $60 billion in liabilities.
Experts blame the crisis almost completely on the unwillingness of the state and local communities to make necessary contributions into the funds a practice that has become more pronounced in the past 15 years. Police and fire boards are funded through local tax levies and employee contributions.
There are 649 police and fire pension boards in the state, and more than a third have less than 55 percent of the cash needed to meet their liabilities, according to 2008 state figures compiled by the Illinois Municipal League.
Among towns with full-time fire departments, the worst-funded pension is in Cicero, which has only about a fourth of the assets $20 million to meet its liabilities, which stand at $75 million, state records show.
The worst-funded pension among full-time police departments is in Willow Springs, the figures show. Its police pension is just 16 percent funded with $575,000 in assets versus $3.5 million in liabilities.
It's also a town that has been generous to a retiring administrator. Three weeks before former Police Chief Jerome Schultz retired in 2002, the town boosted his salary from about $60,000 to about $80,000 a year, records show.
Village Board minutes show trustees agreed to the increase "so (Schultz's) final pension numbers will work out in a positive manner."
#4 Mar 4, 2012
we replace Baldermann with someone who can retire right now.
then our public works directior retires and we replace him with someone who has even more years of service than him.
Then our fire chief gets replaced by someone who is already collecting a pension.
WE CANNOT AFFORD THIS ADMINISTRATION!!
#5 May 11, 2012
The public is stupid my friend. When is ridgefest?
#6 May 12, 2012
how about this lets not hire any more family and friends. so they can set each other up with all of these bebefits.
wait until newlenox gets screwed by BaldermanN.
#7 May 12, 2012
We dont have to wait to get screwed in the Ridge The Security cameras at the train station and the Firehouse installed by the trustees brother dont work anymore and because there are no warrantees the village cant make anyone pay. There is more money out the window Now the train station is now locked all day. Just like before the cameras went in. So the only benfit was to the trustee and his brother. How about that? Can this gang shoot strait? They are screwing us too. Pour me another one barkeep.
#8 May 14, 2012
where were the cameras purchased from? what make our they?
#9 May 14, 2012
I bet they fell out of the trunk of a Caddy.
#10 Jun 12, 2012
Your retired police chief (administrator) just got a gig playing a school superintendent (administrator) job for a one-building school, 110 students, three year contract at 127k per year with no full time teaching and education administration experience.
#12 Sep 22, 2012
ridge robbers are not running unopposed this time
Add your comments below
|Rats in the Ridge (Dec '15)||19 hr||Orkin||18|
|Snack Shack Snack Inn (Jun '10)||Sun||Clyde||38|
|OK, so where did they find the rats?||Sun||Ralph||2|
|who GEORGE SCHLEYER? (May '12)||Sat||platform||54|
|Sinkhole in Palos Gardens||Aug 19||WeGone||2|
|Chicago Ridge in Decline (Dec '13)||Aug 19||Big Ratt||18|
|Grandma Fran Too Sick To Continue||Aug 17||Neighborhood Watch||5|
Find what you want!
Search Chicago Ridge Forum Now
Copyright © 2016 Topix LLC