The other day we had a look at Pat McKinley’s ballot statement and something surprising popped up. Well, not really. Squeezed into the middle of his I-riddled statement was the curt phrase “I will work to reform public employee pensions.”

That’s a vague assertion, and frankly it’s hard to believe when it’s coming out of the mouth of one of the pension system’s most noted abusers – a double-dipping bureaucrat who pulls down well over two hundred grand per year in retirement thanks to a ridiculous 3-at-50 pension system that’s now bringing the city to its’ knees.
So what does McKinley mean by “pension reform” anyway?
It’s hard to tell at this point. That’s good for Pat; bad for the rest of us. You see, as long as he can keep all this pension reform talk clouded in empty platitudes, he can pretend to be a reformer and maybe nobody will notice that he hasn’t promised to really change anything.
So Pat, here’s the gauntlet: You need to commit 100% to serious pension reform. That means two things:
- A mandatory 401(k)-style plan to replace the defined benefit for all new hires
- Current safety employees must pay the full 9% towards their own retirement, as required by state law.
Take a look at our city’s unfunded pension liability and do the math. Any lesser reform will amount to nothing more than a laughable gesture to taxpayers, ensuring that even more pain awaits us down the road.





