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News & Current Events Discuss Report: Ex-labor chief works 1 day, nets $158,000 city pension at the General Forum; $158,000 Pension for working one day This is just disgusting and indicative of everything that's wrong with labor unions today....

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Old 09-22-2011, 12:58 PM
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Default Report: Ex-labor chief works 1 day, nets $158,000 city pension

$158,000 Pension for working one day

This is just disgusting and indicative of everything that's wrong with labor unions today.
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Old 09-22-2011, 01:13 PM
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Default Re: Report: Ex-labor chief works 1 day, nets $158,000 city pension

This is part of a larger story from the Chicago Tribune...

Law gives huge pension perks to union leaders

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All it took to give nearly two dozen labor leaders from Chicago a windfall worth millions was a few tweaks to a handful of sentences in the state's lengthy pension code.

The changes became law with no public debate among state legislators and, more importantly, no cost analysis.

Twenty years later, 23 retired union officials from Chicago stand to collect about $56 million from two ailing city pension funds thanks to the changes, a Tribune/WGN-TV investigation found.

Because the law bases the city pensions on the labor leaders' union salaries, they are reaping retirement benefits that far outstrip the modest salaries they made as city employees. On average, their pensions are nearly three times higher than what the typical retired city worker receives.
And then they wonder why pensions (the way they are enacted) are so destructive...
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Old 09-22-2011, 01:19 PM
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Default Re: Report: Ex-labor chief works 1 day, nets $158,000 city pension

But unions are all about safety, trade standards and worker's rights, not money....
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Old 09-23-2011, 08:58 PM
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Default Re: Report: Ex-labor chief works 1 day, nets $158,000 city pension

I went into the wrong field. Should have been a union leader. Seems that is where the real money and perks are at.
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Old 09-24-2011, 02:53 AM
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Default Re: Report: Ex-labor chief works 1 day, nets $158,000 city pension

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Originally Posted by Comet View Post
I went into the wrong field. Should have been a union leader. Seems that is where the real money and perks are at.
I'm guessing you wouldn't make a good union leader for the same reason I wasn't good at selling cars back in my early 20s...

...a conscious...
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