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.The benefits of the "non-profit" sector.
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.
Friday, September 17, 2010
Retirement perks cost Illinois towns millions
The Chicago Tribune reports: