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. The news organizations said this was due to "a charitable interpretation" of Illinois law by officials representing two city pension funds.
"Can you name any place in the world where someone can get two pensions for the same job?" state Rep. Tom Cross, a Republican, told the paper. "Even by our standards here in Illinois, it's beyond belief. It's insane."
Chicago and Illinois are facing financial trouble, in part due to pension shortfalls....
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| Of course we are worth 1/2 mill a year! |
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