Friday, September 17, 2010

Retirement perks cost Illinois towns millions

The Chicago Tribune reports:
Lax pension rules are costing suburban taxpayers millions of dollars by allowing job perks and hefty pay hikes to inflate retirement checks for local leaders, the Tribune has found.

In Glencoe, a free Jeep, bonuses and other perks to an outgoing parks director cost local taxpayers an extra $350,000.

Joliet officials literally wrote pension spiking into the employee handbook, costing taxpayers there nearly $500,000 extra on the outgoing city manager alone.
The benefits of the "non-profit" sector.