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Daley's pension shenanigan


Geoff

Geoff Dougherty

May 02, 2012 @ 9:13 AM

Richard M. Daley

In 1991, Chicago Mayor Richard M. Daley rejoined the state legislature's pension plan for one month. 

The move was an odd one, given that he'd served in the General Assembly and then left, contributing to Chicago's municipal pension plan while he served as mayor. But the move ultimately boosted Daley's pension payout by tens of thousands of dollars a year, the Trib reports.

By joining the General Assembly plan, he receives a pension worth 85 percent of his mayoral salary, instead of the lower percentage city workers receive. 

The latest revelation about the former mayor's pension is one in a line of similar shenanigans. You may recall that Daley provided Chicago Federation of Labor President Dennis Gannon with a one-day city job that allowed him to collect a municipal pension based on his $200,000 union salary.

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