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Reload this Page Chicago - Retired council members stand to reap millions, thanks to a quietly engineered pension boost in 1991 (Obama, world)
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Old 05-01-2012, 06:15 PM
 
Location: Long Island
57,233 posts, read 26,172,300 times
Reputation: 15621

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Small part of the budget but $58M in costs and only $19M in returns.This nonsense is happening in every city.


"An analysis of pension fund documents for 21 aldermen who retired under the plan shows they are in line to receive nearly $58 million during their expected lifetimes, though contributions and assumed investment returns are predicted to cover just $19 million, or a third of that sum."



Pension Games: Chicago aldermen to reap millions from inflated pensions - chicagotribune.com
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Old 05-01-2012, 06:19 PM
 
9,848 posts, read 8,278,267 times
Reputation: 3296
Obamaland!
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Old 05-01-2012, 06:36 PM
 
Location: Long Island
57,233 posts, read 26,172,300 times
Reputation: 15621
Mayor Daley
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Old 05-01-2012, 06:56 PM
 
5,652 posts, read 19,344,148 times
Reputation: 4118
Chicago is in it's own world for corruption... This kind of stuff goes on ALL the time - it is not an isolated incident. They are exposed and nothing is ever done about it. A joke.
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