Warren Twp. Told to Transfer Back Retirement Funds

By Susnjara, Bob | Daily Herald (Arlington Heights, IL), February 20, 2002 | Go to article overview

Warren Twp. Told to Transfer Back Retirement Funds


Susnjara, Bob, Daily Herald (Arlington Heights, IL)


Byline: Bob Susnjara Daily Herald Staff Writer

Facing a possible violation of state law, Warren Township officials said Tuesday they might reverse their decision to use $120,000 from an employee pension fund to help finance the purchase of the shuttered Gurnee post office.

The change could be made at a meeting Monday. If the change is made, officials said they don't know where they'll find money to buy the building, which they plan to convert to a youth center.

Their announcement Tuesday that they would consider shifting the money back into the Illinois Municipal Retirement Fund account came after they received a legal opinion earlier in the day from Michael Weinstein, an attorney with the state agency.

Louis Kosiba, executive director of the fund, said the township violated state law late last year by transferring pension money into another fund for the post office purchase.

Kosiba said the law requires local governments to send pension money generated from specific tax levies to the municipal retirement fund on behalf of public employees. He said taxpayers should expect the money they pay toward pensions is not used for other purposes.

"If you get a tax bill and it shows X dollars are going to the school district, but the school district is taking a chunk of that money and giving it to the federal government, you'd say, 'What's going on?'" Kosiba said.

The potential violation was brought to the agency's attention by a Daily Herald inquiry.

Warren Township Supervisor Suzanne Simpson initially disagreed with Kosiba and pointed to a township-specific state statute that she said allowed the retirement-cash transfer. She has said township lawyer Richard Cowen advised officials the maneuver was legal before it was approved Dec. 4.

"It's one of those anomalies in township law," Simpson said.

Cowen said Tuesday he and Simpson, who was not available for comment Tuesday, discussed the issue and agreed it would be best to return the money to the retirement fund and avoid a legal fight.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Warren Twp. Told to Transfer Back Retirement Funds
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.