Monday, September 14, 2009

Chicago's Biggest pension in city, courtesy of labor

The Chicago Sun-Times reports:
City Hall's biggest pension doesn't go to a police superintendent, fire commissioner or even an alderman.

It's paid to a former steamroller operator named Dennis J. Gannon.


But Gannon's City Hall pension -- $153,649 a year -- isn't based on what he was paid as a steamroller operator and foreman for the city's Department of Streets and Sanitation.

Instead, Gannon took advantage of a little-known state law that allowed him to base his taxpayer-supported pension on his much-larger salary as president of the Chicago Federation of Labor, a private organization that represents more than 300 unions affiliated with the AFL-CIO.
You might ask how is that constitutional? I guess those campaign contributions really pay off.