Monday, April 30, 2012

Part Time Chicago Aldermen get BIGGER pensions than full time Firefighters and Police Officers....


When Chicago aldermen floated a proposal in 1987 to boost their city pensions dramatically, Mayor Harold Washington's administration dismissed it as an arrogant ploy that lacked even a cursory cost analysis.

Three years later, the proposal still didn't have a price tag. But records show that the new mayor,Richard M. Daley, helped push it through the state Legislature anyway.

Now a Tribune/WGN-TV investigation reveals how much those lucrative pensions could end up costing taxpayers.

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.

CLICK HERE FOR THE FULL NEWS STORY

19 comments:

Anonymous said...

What was that structure that Secret Service found on the beach by the band shell at Meigs Field. City destroyed it less than 24 hours after found. Nothing in the news.

Anonymous said...

Why in the hell did it take them so long to report on this story which was common knowledge anyways? It's a part time job with a 6 figure salary, ability to carry a gun, and a pension that is better than any pension we could dream of. This was no secret. Why all of a sudden is this being reported? Don get me wrong, glad they're fucking with these assholes, but why now?

Anonymous said...

And you idiots are worried about a link card

Anonymous said...

.....Anonymous said...
What was that structure that Secret Service found on the beach by the band shell at Meigs Field. City destroyed it less than 24 hours after found. Nothing in the news.....

It was Daley Stash of piss/shit bottles!

Anonymous said...

This is why they screw the citizens and make deals with the corrupt mayor.
Seriously, Jail would be too good for them.

Anonymous said...

And dick mell a 40 year alderthief is quoted, blagos father in law the corrupt fuck blago exposed during that illegal dumping scandal why is mell not in prison?

Anonymous said...

And you idiots are worried about a link card

April 30, 2012 10:41 PM

Simple math negroid. How many people on LINK? How much have they contributed for their LINK card benefit? How much money have they received? Its gonna add to WAY more than 60mill

Anonymous said...

Don't explain nothing to niggers! They think they not getting enough. They spend their money in one outting at chucky nigger filled cheese. Their way to stupid to explain anything too. They really are dumber than they look.

Former Hamburg Club Member said...

The best city council ithe USA owned by Mayor Richard M. Daley. My dad who was involved in high level Democratic politics till he found religion and decided that he was adding to the problem. This is what my dad said about Richard M. Daley that he was smarter than his father for one main reason he bought off the City Council with high salaries, high expense accounts, nice pensions and little work. Richie was genius and a rubber stamp City Council. Even the black who wanted another black after Harold Washington were subjocated by Richard M and that was pure brilliance. If he doesn't get nailed for some crimes he will be the smartest politician in US history. But his damage to the City of Chicago will be felt later and not attributed to him even by the smartest among us. Thogh the pension problem will come sooner than later.

Anonymous said...

Anonymous said...

And you idiots are worried about a link card

April 30, 2012 10:41 PM
************
Please go back to grammar school and take a math class. 50 or 60 MILLION people receiving a couple of hundred per month is much more of a drain on our resoucres than 21 alderthiefs milking the system for a few thousand extra per month each. Now, both examples cost money, but the 50 or 60 million people pon the government tit is sucking us dry. 47% of the population pays no federal income tax. You don't create opportunity by taking the result of hard work from the producer of that work. While back in grammar school in your math class, maybe they'll remind you in your social studies class that slavery and indentured servitude are against the law in the US.

How much do you think the earners of this country should surrender to those that WON'T work for their own keep? I can give you the cliff notes answer, not a fucking dime. Able bodied young men with a fucking LINK card in their wallet has got to stop. They can hustle up the money for their grape pop and Cheetos honestly.

Anonymous said...

The Secret Service did not find that schedule. It was one of our detectives and he notified them. They just take the credit. Hoes.

I Voted For Obama said...

Simple math. 50 out of 50 aldermen will vote for Obama. Will 50 random cops vote for Obama?

Now you see why the aldermen get bigger pensions.

Anonymous said...

tick tock tick tock......

Anonymous said...

Why do we need fifty alderpersons in the first place, City numbers are dropping. White people need to get out the vote like the niggers and spics do, or you can turn out the lights on this shitty.

Anonymous said...

I had some idiot trying to convince me that if I don't vote for Obama and Romney gets in office, that Romney will destroy our pensions and unions. The Democratic party now is the party of Duke. A vote for the dems is like giving more of your money to the ingrateful entitlement crowd.

Anonymous said...

Guess who gave them THAT little perk 20 yrs. ago, WHY NONE OTHER THAN RICHIE.

Anonymous said...

Economic collapse is eminent in America. We can maybe keep this house of cards afloat with tricks, bullshit, and bailouts for maybe another 10 years, if that long.

Anonymous said...

CUT ALL THE PENSIONS I DON'T GET ONE 401K SUCKS

Anonymous said...

Lol that was hilarious. I have First hand knowledge AND photos