October 12, 2011

Nice work if you can get it - Chicago Union pensions

From MS/NBC:
'Insane' even by Illinois standards? Union official to get $500,000 in pensions
A labor leader in Chicago is expected to receive pension payments of nearly $500,000 a year, while another could get about $438,000 a year, according to reports Wednesday.

The Chicago Tribune and WGN-TV, which obtained information about union pension benefits during a joint investigation, said at least eight union officials in Chicago were eligible for what were described as inflated city pensions on top of union pensions for the same period of employment.
A bit more:
Chicago and Illinois are facing financial trouble, in part due to pension shortfalls.
Posted by DaveH at October 12, 2011 1:12 PM
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