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What Pension Crisis? Illinois Municipalities Top Up Pay as Retirements Near

Chicago Tribune 16 July 2010 No Comment

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.

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.

Read more at the Tribune

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