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One-day rehiring nets former Chicago labor leader $158,000 pension
Chicago Tribune ^ | 9/21/2011 | Jason Grotto

Posted on 09/22/2011 7:27:57 AM PDT by listenhillary

Most city workers spend decades in public service to build up modest pensions. But for former labor leader Dennis Gannon, the keys to securing a public pension were one day on the city payroll and some help from the Daley administration.

And his city pension is more than modest. It's the highest of any retired union leader: $158,000. That's roughly five times greater than what the typical retired city worker receives.

In fact, his pension is so high that it exceeds federal limits and required the city pension fund to file special paperwork with the Internal Revenue Service to give it to him.

(Excerpt) Read more at chicagotribune.com ...


TOPICS: Business/Economy; Crime/Corruption; Extended News; Front Page News; Government; News/Current Events; US: Illinois
KEYWORDS: bustunions; chicago; chicagoway; corruption; daley; democrats; dennisgannon; fraud; gannon; liberals; pensions; progressives; stealthewealth; taxes; unioncorruption; unionpensions; unions; youpayforthis
About like our congress critters. Serve one term and get a pension for life?
1 posted on 09/22/2011 7:28:02 AM PDT by listenhillary
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To: listenhillary

Corrupt bastards.


2 posted on 09/22/2011 7:34:10 AM PDT by wiggen (The teacher card. When the racism card just won't work.)
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To: listenhillary; All

Cool. That’s $158,000 a year less that the Union thugs will have in their coffers to donate to Liberal and Democratic election campaigns.


3 posted on 09/22/2011 7:35:10 AM PDT by no dems (No matter who it might be, when I find out a person is a Democrat, I lose respect for them.)
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To: no dems

The pension is coming out of the Chicago taxpayer’s wallet. It’s a pension being paid by the city.


4 posted on 09/22/2011 7:39:26 AM PDT by listenhillary (Look your representatives in the eye and ask if they intend to pay off the debt. They will look away)
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To: no dems

It is paid out of the City of Chicago’s overall employee pension fund for which any current or future un-funded liability will be picked up by taxpayers or the shortchange to other City services.


5 posted on 09/22/2011 7:42:07 AM PDT by KC Burke
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To: listenhillary

In our totally corrupt political world today, it truely PAYS and PAYS WELL to have bought friends in high places!


6 posted on 09/22/2011 7:59:08 AM PDT by sjmjax (Politicans are like bananas - they start out green, turn yellow, then rot.)
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To: sjmjax

At times I think we need to bring back hanging judges.


7 posted on 09/22/2011 8:06:58 AM PDT by listenhillary (Look your representatives in the eye and ask if they intend to pay off the debt. They will look away)
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To: listenhillary

...and now the Chicago syndicate is running the country. What could go wrong?


8 posted on 09/22/2011 8:08:40 AM PDT by Baynative (The penalty for not participating in politics is you will be governed by your inferiors.)
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To: listenhillary

Just makes the headlines because it is so grossly ridiculous.

Bet they are paying tens of thousands of folks $10K - $50K/yr.

You can sort of tell - when you see “city worker” types in nice neighborhoods with new cars.


9 posted on 09/22/2011 8:23:04 AM PDT by Eldon Tyrell
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To: Eldon Tyrell

The criminals have found they can get into government and “legally” extort and steal money from all the rest of us.

This gross exaggerated criminal activity has to eventually have repercussions.


10 posted on 09/22/2011 8:35:25 AM PDT by FreeAtlanta (Fight for Liberty)
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To: listenhillary

Democrats - Thieves, Thugs, Thralls and Thickheads


11 posted on 09/22/2011 8:50:24 AM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: listenhillary

As Gannon might say, ‘Some days are better than others’.


12 posted on 09/22/2011 8:53:57 AM PDT by count-your-change (You don't have be brilliant, not being stupid is enough.)
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To: listenhillary; grellis
I live in S.E. Michigan and last Nov. our then "Elected" county sheriff - Mark Hackel - decided to run for a new office in our Macomb county which was "County Commissioner". He of course got elected and then subsequently "retired" from the sheriff's dept. and started drawing his $78,000 annual pension plus a separation pay which totaled approx. $400,000.......

His Macomb county commissioner position now nets him about $128,000 per year.........

So there you have it, his county paid pension of $78K and his county paid salary of $128K..........

13 posted on 09/22/2011 9:38:16 AM PDT by Hot Tabasco (ui)
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To: Hot Tabasco

WHY are your commissioners paid so much??? That’s absolutely mental. Ingham County seats net a max of $16,832/annum plus a whopping per diem of $60. And this county is pretty blue, home to Lansing/East Lansing.


14 posted on 09/22/2011 9:50:59 AM PDT by grellis (I am Jill's overwhelming sense of disgust.)
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To: onyx; penelopesire; maggief; hoosiermama; SE Mom; Liz; rodguy911; Fred Nerks; Red Steel; ...

Despicable union thug crooks/Chicago Way .. Ping!

~~~~~~~~~~~~

Report: Ex-labor chief works 1 day, nets $158,000 city pension

###

A retired Chicago labor leader has secured a $158,000 public pension — roughly five times greater than what a typical retired public-service worker in the Windy City receives — after spending just one day on the city payroll ...

http://www.msnbc.msn.com/id/44626194/ns/us_news-life/#.TntuaOz-Uk8

~~~~~~~

Chicago union bosses raking in millions from city pension fund

http://hotair.com/archives/2011/09/21/chicago-union-bosses-raking-in-millions-from-city-pension-fund/

###

Excerpt

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, a Tribune/WGN-TV investigation found.

The short version of the story is that a couple of decades ago, somebody (amazingly they can’t seem to find anyone willing to admit they did it) inserted a change into the pension laws which essentially says that the pension city workers receive can be based on the last salary they drew from the union instead of the actual salary they earned working on the public payroll. Here’s a couple of the notable results:

~~~~~

The whole article above is a MUST read. The thug Dem community are raping and robbing us at every level of every state and local govt. and the entire federal govt. apparatus. REMOVING THEM ALL MUST BE OUR CLARION CALL!!


15 posted on 09/22/2011 10:25:56 AM PDT by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: grellis
WHY are your commissioners paid so much

That was my mistake, he's our new "Macomb County Executive".....

Mark Hackel

16 posted on 09/22/2011 10:26:50 AM PDT by Hot Tabasco (ui)
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To: STARWISE
PENSION SHOWS HOW BEING CONNECTED IS PROFITABLE Unionist Gannon now draws a humongous pension (and benefit$$$$?). Gannon collects while employed by a hedge fund----Grosvenor Capital Management------that does work with public pensions, including the Teachers Retirement System of Illinois. Gannon is also on the board of the Illinois Sports Facilities Authority.

Grosvenor Capital Management was one of Mayor Rahm Emanuel's largest campaign contributors.

==============================

After serving as an advisor to Pres Bill Clinton, in 1998 Emanuel resigned from his position and became an investment banker at Wasserstein Perella, (now Dresdner Kleinwort), where he worked until 2002.[26] In 1999, he became a managing director at the firm’s Chicago office. Emanuel made $16.2 million in his two-and-a-half-year stint as a banker, according to Congressional disclosures. At Wasserstein Perella, he worked on eight deals, including the acquisition by Commonwealth Edison of Peco Energy and the purchase by GTCR Golder Rauner of the SecurityLink home security unit from SBC Communications.[26]

Then-Pres Clinton named Emanuel to the Board of Directors for the Federal Home Loan Mortgage Corporation ("Freddie Mac") in 2000. That paid Rahm $31,060 in 2000------and $231,655 in 2001. During the time Emanuel spent on the board, Freddie Mac was plagued with scandals involving campaign contributions and accounting irregularities. The Office of Federal Housing Enterprise Oversight (OFHEO) later accused the board of having "failed in its duty to follow up on matters brought to its attention."

Emanuel resigned from the board in 2001 when he ran for Congress--and served four terms.

When reporters asked that documents from Rahm's tenure be released under FOIA laws---Obama refused.

17 posted on 09/22/2011 10:52:03 AM PDT by Liz (The rule of law must prevail. We can’t govern ourselves by our personal point of view.)
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To: Hot Tabasco
What a useless position--county executive? As in "Mayor of the County"? I'm assuming you also have a commission board. That's a lot of greedy mouths at the gubmint teat!

Ingham is no better, really, just very crafty about hiding their useless positions. One Lansing City Councilman, Jessica Yorko, holds a full time job as--wait for it--Environmental Justice Coordinator for the Ingham County Health Department. That's political speak for "Slush fund position for Jess who rallied her far left progressive friends to stack the commission board with democrats." From what I've been able to ascertain, Jessica's main duty as Environmental Justice Coordinator is posting links on facebook all day long. And I can't find a single reference to her salary, but one thin dime is too much.

18 posted on 09/22/2011 11:35:20 AM PDT by grellis (I am Jill's overwhelming sense of disgust.)
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To: STARWISE

Crime never looked so big!


19 posted on 09/22/2011 11:43:53 AM PDT by Lady Jag (Notice how the Democrat party is all Democratic now)
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To: STARWISE

Another thug to remove.
20 posted on 09/22/2011 3:24:29 PM PDT by RedMDer (Forward With Confidence!)
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