Daniel Tannhauser submitted for municipal employee pension shortly after he was appointed Village President
Candidates often have a plan to accomplish certain tasks within their “first 100 days” of taking office.
It could be something like building a dog park, cancelling an unpopular public works project, or ensuring passage of a law they support.
For Daniel Tannhauser, it was getting a taxpayer funded pension for himself.
Amongst the items included in the August 28 2019 regular board meeting, was a Resolution “relating to participation by elected officials in the Illinois Municipal Retirement Fund” for the office of Village President.
The date the pension “became qualified” was July 1 2019, the day before Tannhauser’s appointment, according to the Declaration.
Norridge Improvement Party trustees Kucharski, Gregorio, Gelsomino and Larson, dutifully rubber-stamped the pension without discussion.
The IMRF, like all statewide pensions, is a “defined benefit” pension – that is, it provides a set pension benefit amount based on criteria such as number of years of service and salary history.
This formula has proven unsustainable as it grants benefits regardless of the fund’s ability to pay.
Defined benefit pensions do not adjust benefit amounts, for example, for failure to reach return on investment goals.
However, unlike other pensions in Illinois, this one is paid for by local dollars.
That means Tannhauser’s benefits will be borne by local taxpayers. In other words, us.
The Norridge Improvement Party sent a 3-page mailer over the weekend lavishing praise on how great Tannhauser is and will be for Norridge.
In a section titled “mayor comparison”, where Tannhauser contrasted his “grade” with that of his opponent, Tom Benigno, he claimed “none” under a column labeled “Taxpayer Pensions Secured”.
Based on the 2019 Declaration above, this claim is false.
It would appear the “none” more aptly describes Daniel Tannhauser’s credibility on this issue.