Skip to comments.Report: Ex-labor chief works 1 day, nets $158,000 city pension (Chicago)
Posted on 09/22/2011 10:25:17 AM PDT by Libloather
Report: Ex-labor chief works 1 day, nets $158,000 city pension
Former president of Chicago Federation of Labor, city officials defend payout as legal
msnbc.com news services
updated 48 minutes ago
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, local news reports said.
According to The Chicago Tribune, Dennis Gannon stands to collect approximately $5 million in city pension funds during his lifetime. He now draws the pension while working for a hedge fund, the Tribune reported.
Gannon, former president of the Chicago Federation of Labor, was able to take a long leave from a city job to work for a union and then receive a city pension based on a high union salary. That arrangement is allowed under a state law signed by Gov. Jim Thompson on his last day in office in 1991, according to an investigation by the Tribune and WGN-TV.
What is different in Gannons case is that he became eligible for the especially lucrative pension deal only because the city rehired the former Streets and Sanitation Department worker for one day in 1994, before granting him an indefinite leave of absence, according to the investigation.
'Eligible under the law'
(Excerpt) Read more at msnbc.msn.com ...
You won!!!! Third post of this since the sun has been up today!!! What do you win??? The admin moderator is scanning the prize list now but it’s either the kewpie doll or a closed/dupe thread.
And then they wonder why we want public unions destroyed, before they destroy us.
At least Dillinger gave you the courtesy of TELLING YOU you were being robbed.
YES!! Ram it right down Chicago’s throat!
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