Skip to comments.Law gives huge pension perks to union leaders (The Chicago way...)
Posted on 09/21/2011 8:19:52 AM PDT by Kozel89
All it took to give nearly two dozen labor leaders from Chicago a windfall worth millions was a few tweaks to a handful of sentences in the state's lengthy pension code.
The changes became law with no public debate among state legislators and, more importantly, no cost analysis.
Twenty years later, 23 retired union officials from Chicago stand to collect about $56 million from two ailing city pension funds thanks to the changes...
(Excerpt) Read more at chicagotribune.com ...
The Chicago Way... elect dems and it’ll come to your community next...
Not only have these 23 disenfranchised the state of Illinois voters-they’re MAKING them pay for it.
And probably We the People in the rest of the country are on the hook when these funds go bust.
Interesting that that’s the cost to buy a Democrat state government in what would otherwise be a predominantly red state.
Illinois hasn’t enough rope...or tall enough trees for this nonsense.
They’re cashing out now because like animals they sense the coming change in the weather.
Very easy solution to this problem: Raise taxes in millionaires and billionaires and use the extra revenue to cover any pension shortfall. After all, who can deny these hardworking union leaders what they’ve earned?
That's just not good enough. Raise taxes on those earning over $250,000, and
we'll hardworking union leaders will get even more money!
I think the best part of this story is the picture on the front page that shows the union boss, who is receiving a pension worth 3x his salary, standing in front of a sign, with a bullhorn, deriding Wall Street.... HYPOCRITE!