Incredible Chicago Tribune Exposé on Former Mayor Rich Daley’s Pension Deal

Posted by Kendall Harmon

The city of Chicago is near insolvency. City workers are bracing for pay and benefit cuts. And Rich Daley, the former mayor who had his behind kissed by the powerful in this town and by much of the media for two decades, has an inside deal that should make sane people sick to their stomachs:

An eventual pension of more than $180,000 for life, according to a Tribune/WGN-TV investigation.

Daley did it on the sneak, our reporters found....

Read it all.

Filed under: * Culture-WatchUrban/City Life and Issues* Economics, PoliticsEconomyPersonal FinancePensionsPolitics in GeneralCity Government

Posted May 3, 2012 at 6:12 am [Printer Friendly] [Print w/ comments]

1. David Keller wrote:

Corruption in Chicago. Who’d of thunk it?

May 3, 9:07 am | [comment link]
2. sophy0075 wrote:

Almost as surprising as the information that dead people vote Democratic in Chicago!

May 3, 12:26 pm | [comment link]
3. A Senior Priest wrote:

I am shocked, SHOCKED, that his pension is so measly. Really. How could one run such a machine for so long and get so little out of it in the end?

May 3, 3:55 pm | [comment link]
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