Saturday, September 24, 2011
$158,000 a Year Lifetime Government Pension for One Day’s Work
Illinois Needs a "Badger State" approach toward corrupt self-serving unions and union officials. "A retired Chicago labor leader secured a $158,000 public pension — roughly five times greater than what a typical retired public-service worker in the Windy City receives — after being rehired for just one day of active duty on the city payroll, local news reports said."
Is this the same Chicago that is leading the nation in citizens in poverty? Is this the same Chicago that has seen business abandon it in droves? Is this the same Chicago that has one of the highest per-capita totals nation wide of it's citizens on welfare and public assistance? The answer to all these questions is YES.
So how can the city afford to dish out such lavish pension for "one days work"? 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.
The Tribune further showed how 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.
Gannon’s pension is so high that it exceeds federal limits and required Chicago’s pension fund to file special paperwork with the Internal Revenue Service to give it to him, the Tribune reported.
He will collect $5 million for ripping off taxpayers for his own personal gain. Yes, that is something to be damn proud of.
For Dennis Gannon to go on leave after 1 day shows this was all planned from the outset. Moreover, by granting the leave, the corrupt Streets and Sanitation Department went along with it all the way.
Any guesses as to how many bribes and payoffs were associated with this chain of events?
It is time to end public unions entirely and all the associated graft.
Interesting little side note:
On November 12, 1980, Thompson, by his executive order, instituted a hiring freeze for all state agencies, boards, bureaus, and commissions under his control as governor. The order affected approximately 60,000 state positions. These positions could only be filled if the candidates were first approved by an office created by Thompson, the Governor's Office of Personnel. The practice essentially consisted of denying the hiring of persons not affiliated with the Republican Party by conducting inquiries into past Republican Party affiliation and possible future pledges of loyalty. Suit was brought and the Supreme Court held this political patronage practice unconstitutional as a violation of the First Amendment rights of low-level public employees in Rutan v. Republican Party of Illinois, 497 U.S. 62 (1990). Now you know where Obama got the idea to force prospective government employees and contractors to revile all the political contributions. Regardless of political party this is bad politics no way to run a nation.
Posted by David H. at 8:20 AM