Chicurrent_logo-reverse
Facebook
Twitter
Feed

Daley's pension nears $200k a year


Geoff

Geoff Dougherty

June 27, 2011 @ 4:50 AM

The Sun-Times has the details on former Mayor Richard M. Daley's pension, which is, in a word, rich.

Though hizzonor paid just $393,679 in pension contributions over the years he held office as a legislator, prosecutor and mayor, he'll receive $183,770 a year in pension benefits.

If you're looking for an indication as to the sustainability of Illinois' pension plans, here's one: It'll Daley just 26 months to recoup the dollars he put into the plan. He's also entitled to three percent annual cost of living raises. 

Not a bad way to go out. 

blog comments powered by Disqus

Recent Comments

Powered by Disqus

E-Mail Updates

Enter your email address:

Delivered by FeedBurner