Unions in Chicago
Corruption? Naaaa -- no corruption here.
From the
Chicago Tribune:
Watchdog Update: Feds probe union pension deals
Federal authorities have begun a criminal investigation into how nearly a dozen union officials became eligible for inflated city pensions, according to subpoenas obtained by the Tribune and WGN-TV through an open-records request.
The Chicago municipal employees and laborers pension funds each received subpoenas from a federal grand jury in October seeking "records pursuant to an official criminal investigation." The request seeks documentation on 11 labor leaders who appeared in reports from a joint Tribune/WGN-TV investigation.
A bit more:
At least eight union officials named in the subpoena who either receive city pensions or are eligible for them also earned credit in union pension funds for the same period of work, despite a state law that was supposed to prevent that. The joint investigation found that some of those labor leaders were participating in up to three pension funds at the same time, accruing retirement benefits that reached as high $500,000 a year.
Nice work if you can get it...
Posted by DaveH at December 13, 2011 1:01 PM