Remember, it's all those greedy police officers and fire fighters bankrupting the state:
- When Mayor Daley leaves office in a couple of weeks, no one will be throwing any tag days for him. WBBM Newsradio 780 has learned the mayor will be receiving government pensions totaling nearly $200,000 a year.
Mayor Daley has already notified the Municipal and General Assembly Retirement Systems he wants to begin collecting his pension on May 17, the day after he leaves office.
When he does, he will be collecting a pension of nearly $184,000 a year. Of that, 64 percent will come from the state pension system and 36 percent will come from the city pension system.
[...] Daley has not been in the state legislature since 1980.
And, because Daley has about 40 years of government service, he’s eligible to receive the maximum of 85 percent of that mayor’s salary.
When Daley left the state legislature in November 1980, his salary was $53,000 a year. Blair says the state portion of Daley’s pension will come to more than $117,000 a year. More than $66,000 a year will come from the city pension system.
Go figure that one out. And not in the article, but heard on the live broadcast by WBBM, the pension fund Daley is drawing from has liabilities that are four times the current assets of the fund.
But the evil police and fire fighters who spend 20, 30 even 40 years damaging their bodies and sacrificing personal time with their families, might top out at $60,000 a year to live out their already statistically shortened life spans.
But the evil police and fire fighters who spend 20, 30 even 40 years damaging their bodies and sacrificing personal time with their families, might top out at $60,000 a year to live out their already statistically shortened life spans.