Labor Unions,  Public Employee Pensions

The Chicago Way: Two Union Pensions for the Same Job

Insane is not even the word – more like a misappropriation of public funds.

A labor leader in Chicago is expected to receive pension payments of nearly $500,000 a year, while another could get about $438,000 a year, according to reports Wednesday

The Chicago Tribune and WGN-TV, which obtained information about union pension benefits during a joint investigation, said at least eight union officials in Chicago were eligible for what were described as inflated city pensions on top of union pensions for the same period of employment.

The news organizations said this was due to “a charitable interpretation” of Illinois law by officials representing two city pension funds.

“Can you name any place in the world where someone can get two pensions for the same job?” state Rep. Tom Cross, a Republican, told the paper. “Even by our standards here in Illinois, it’s beyond belief. It’s insane.”

Chicago and Illinois are facing financial trouble, in part due to pension shortfalls.

On Tuesday, state Sen. Mark Kirk released a report on Illinois’ debt that said it had the worst credit rating of any state and that its debt was rising, NBC Chicago reported.

Just more of the same, unfortunately.

California local public employee unions have been ripping off the system for decades.

Now, there is no money to pay them and the taxpayers are saying: what happened?