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post #1 of 38 (permalink) Old 09-22-2011, 01:32 PM Thread Starter
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Ex-Labor chief works 1 day, earns $158k a year pension

http://www.msnbc.msn.com/id/44626194.../#.TntwNtT8zTs

Quote:
A retired Chicago labor leader has secured a $158,000 public pension — roughly five times greater than what a typical retired public-service worker in the Windy City receives — after spending just one day on the city payroll, local news reports said.

According to The Chicago Tribune, Dennis Gannon stands to collect approximately $5 million in city pension funds during his lifetime. He now draws the pension while working for a hedge fund, the Tribune reported.

Gannon, former president of the Chicago Federation of Labor, was able to take a long leave from a city job to work for a union and then receive a city pension based on a high union salary. That arrangement is allowed under a state law signed by Gov. Jim Thompson on his last day in office in 1991, according to an investigation by the Tribune and WGN-TV.

The change has enabled a couple dozen labor leaders to become potential millionaires.

What is different in Gannon’s case is that he became eligible for the especially lucrative pension deal only because the city rehired the former Streets and Sanitation Department worker for one day in 1994, before granting him an indefinite leave of absence, according to the investigation.

'Eligible under the law'
Gannon’s pension is so high that it exceeds federal limits and required Chicago’s pension fund to file special paperwork with the Internal Revenue Service to give it to him, the Tribune reported.

"I am extremely proud of my many years of service to the city of Chicago and the working men and women of organized labor," Gannon wrote in a statement provided to the Tribune. "I have always followed the pension laws governed by the state of Illinois statute as well as the city of Chicago municipal pension plan."

Terrance Stefanski, who oversees Chicago’s municipal pension fund, confirmed to the newspaper that pension laws were followed in Gannon’s case.

"Once the city rehired him and he went on a leave of absence to work for the union, he was eligible under the law," Stefanski told the Tribune.

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post #2 of 38 (permalink) Old 09-22-2011, 01:36 PM
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Don't hate the player, hate the game. Looks to me like he played by the rules and won.

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post #3 of 38 (permalink) Old 09-22-2011, 01:50 PM Thread Starter
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Originally Posted by ronhix View Post
Don't hate the player, hate the game. Looks to me like he played by the rules and won.

that doesn't make it right. Our city, county and state are broke. I am certain this is the exception and not the rule. This is done, and to take it away from him would be criminal, but to allow it to continue to happen. That nobody in our state is saying, why are contracts like this allowed to be signed. Who wrote this in such a way that it had such a large loop hole? Is he the only one taking advantage of this? How many millions are we spending yearly on pensions for people that didn't truly earn them?

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post #4 of 38 (permalink) Old 09-22-2011, 01:54 PM
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Originally Posted by clearwaterms View Post
Who wrote this in such a way that it had such a large loop hole? Is he the only one taking advantage of this? How many millions are we spending yearly on pensions for people that didn't truly earn them?
http://www.chicagotribune.com/news/c...7054540.column

Quote:
Unfortunately, the winners aren't holding news conferences to take the credit. And the guys who made it happen aren't holding news conferences either. So let me help the bashful boys:

The mayor of Chicago in 1991 was Richard M. Daley. He'd rule for years. He not only had labor peace, he could send out union muscle to elect his candidates, from judges to governors and even then-U.S. Rep. Rahm Emanuel, who has since received a promotion. In his new job, no longer the union beneficiary but the antagonist, Emanuel realizes that all the money is gone.

But during those decades of labor peace, Daley was boss and his brothers prospered, becoming wealthy in banking, insurance and zoning law.

The speaker of the Illinois House was Michael Madigan. He's still speaker. He's been speaker for most, if not all, of your lifetime, as he's built up his own fortune reducing taxes for downtown real estate barons. He wants organized labor to help his daughter become governor someday.

The governor who signed the bill was Big Jim Thompson on his last day in office. A Republican, Thompson has always gotten along splendidly with Democrats. So who says there's no bipartisan Combine?

One of the politicians who used legislative sleight-of-hand to pave the way for the deal was then-state Sen. Jeremiah Joyce, one-half of Daley's political brain, who later became Mr. O'Hare for all the influence he had in contracts at the airport. Joyce didn't talk to the Tribune for the story.

But Cook County Commissioner John Daley, the mayor's little brother, was a state senator from Bridgeport in 1991. He told Grotto that he didn't remember the bill.

"I don't recall at all," said Johnny.

Johnny, Johnny, oh, Johnny. Doesn't the real phrase go like this?

At this point in time, to the best of my knowledge, I can't recall.

At least, that's what they must say in a "realistic" TV drama, when some "powerful" Chicago politician, usually a black guy, is about to get hauled before a grand jury.

Like I said, it's probably not illegal.

But it sure is Illinois.

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post #5 of 38 (permalink) Old 09-22-2011, 01:56 PM
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I watched this on Fox Chicago news about a month ago. There are others from IBEW Local 134 who are some head people that are doing the samething.
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post #6 of 38 (permalink) Old 09-22-2011, 01:58 PM Thread Starter
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Originally Posted by Uncle Steve View Post
I watched this on Fox Chicago news about a month ago. There are others from IBEW Local 134 who are some head people that are doing the samething.
which local is 134? is that pension fund funded by state dollars?

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post #7 of 38 (permalink) Old 09-22-2011, 02:00 PM
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IBEW local 134 is out of Chicago. I was in it up untill 3 years ago.
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post #8 of 38 (permalink) Old 09-22-2011, 02:02 PM
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From the same article I posted a link to above.

Quote:
What's really infuriating is that it all might just be quite legal. But is it right?

The Tribune reported that in 1991, state law was quietly changed to allow Chicago union bosses to cash in and base their city taxpayer-funded pensions not on their wages from their city jobs but on their salaries as union bosses.

That neat little trick inflated the pensions dramatically. And who pays? When you're at a card game and you can't spot the sucker, guess what? You're the sucker.

So now, for example, Cement Workers Union boss Liberato "Al" Naimoli is receiving $157,752 in pension from a $15,264-per-year city job.

Chicago Federation of Labor retired President Dennis Gannon is receiving $158,258 for a $55,474 city job.

And Jim McNally, an officer with Operating Engineers Local 150, gets a $114,935-a-year pension for a $57,200 city job.

If you ain't with us, then it's just bad news.
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post #9 of 38 (permalink) Old 09-22-2011, 02:04 PM
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Tip of the ice berg. There's much more coming.

Tom

Quote:
Originally Posted by Tacitus
In a state where corruption abounds, laws must be very numerous.
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post #10 of 38 (permalink) Old 09-22-2011, 02:09 PM
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Chicago "business" as usual... corrupt fucks.
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post #11 of 38 (permalink) Old 09-22-2011, 02:10 PM
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post #12 of 38 (permalink) Old 09-22-2011, 02:10 PM Thread Starter
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Originally Posted by Cerk View Post
Tip of the ice berg. There's much more coming.
how much worse can / will it get?

That is a real question, I am curious. In your opinion how much worse will it get, and more importantly what needs to be done to minimize the impact and to hopefully and eventually right the ship?

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post #13 of 38 (permalink) Old 09-22-2011, 02:23 PM
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its funny that people are shocked. they voted for these aholes.

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post #14 of 38 (permalink) Old 09-22-2011, 02:38 PM
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Whats even funnier is that people think it can be fixed and that the ship can be "righted". Wake the fuck up! Its TOO late, we're all going down. Brace yourselves.

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post #15 of 38 (permalink) Old 09-22-2011, 02:38 PM
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I read that this morning and it doesnt surprise me. Theyre all pieces of shit

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post #16 of 38 (permalink) Old 09-22-2011, 02:45 PM
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chi politics=who you know, not what...how much can you get away with (a lot)...and staying within the shades of gray (cause corruption is so frequent, that now its considered normal)...

all equate to personal gain for particular individuals.
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post #17 of 38 (permalink) Old 09-22-2011, 02:58 PM
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Quote:
Originally Posted by clearwaterms View Post
how much worse can / will it get?

That is a real question, I am curious. In your opinion how much worse will it get, and more importantly what needs to be done to minimize the impact and to hopefully and eventually right the ship?
What I mean by "more coming" is reports of this kind of nonsense. I've made a good portion of my living in and around public sector construction...the stories I've seen and heard. It really is worse than you can imagine.

The good news is much of it is going bye bye. The scrutiny put on everyone fiscally is forcing it out. But so much of the system is a rigged game. The whole thing needs a massive overhaul.

Tom

Quote:
Originally Posted by Tacitus
In a state where corruption abounds, laws must be very numerous.
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post #18 of 38 (permalink) Old 09-22-2011, 03:11 PM Thread Starter
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Quote:
Originally Posted by Cerk View Post

The good news is much of it is going bye bye. The scrutiny put on everyone fiscally is forcing it out. But so much of the system is a rigged game. The whole thing needs a massive overhaul.
the bad news is that while this corruption is being fixed, other people are creating new scams that we won't see or hear about until 20 years later.

Any system as large as this is bound to have defects. These people have just found and monopolized those defects for personal gain.

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post #19 of 38 (permalink) Old 09-22-2011, 03:14 PM
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The thing is, they never even tried to hide any of this. They've been sneaking around in plain view. Everyone has been in on it. This is precisely why it's ridiculous to have public unions or even private unions that do public work so intimately involved with the way public dollars are spent and who gets elected when. It's a rigged game, plain and simple.

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Originally Posted by Tacitus
In a state where corruption abounds, laws must be very numerous.
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post #20 of 38 (permalink) Old 09-22-2011, 03:16 PM
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Quote:
Originally Posted by Kegger View Post
Whats even funnier is that people think it can be fixed and that the ship can be "righted". Wake the fuck up! Its TOO late, we're all going down. Brace yourselves.
And I thought that I was the one who was cynical
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post #21 of 38 (permalink) Old 09-22-2011, 03:22 PM
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post #22 of 38 (permalink) Old 09-22-2011, 06:07 PM
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...........and all of us would do the same thing .
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post #23 of 38 (permalink) Old 09-22-2011, 08:18 PM
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Anyone in a union here? Is this what union dues pays for?
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post #24 of 38 (permalink) Old 09-22-2011, 09:17 PM
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This is unbelievable. Is there a follow-up on this story?
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post #25 of 38 (permalink) Old 09-22-2011, 09:26 PM
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This is unbelievable. Is there a follow-up on this story?
The follow up is simple , he takes nice vacations, drives a nice car and lives in a nice house . End of story.
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post #26 of 38 (permalink) Old 09-22-2011, 10:12 PM
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Surprised those benefits weren't cut off. But then again, its probably the norm for Chicago and he just happened to get caught.
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post #27 of 38 (permalink) Old 09-23-2011, 08:49 AM
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Quote:
Originally Posted by STANIMAL View Post
...........and all of us would do the same thing .
Horseshit.

Tom

Quote:
Originally Posted by Tacitus
In a state where corruption abounds, laws must be very numerous.
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post #28 of 38 (permalink) Old 09-23-2011, 10:44 AM
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Quote:
Originally Posted by Cerk View Post
The thing is, they never even tried to hide any of this. They've been sneaking around in plain view. Everyone has been in on it. This is precisely why it's ridiculous to have public unions or even private unions that do public work so intimately involved with the way public dollars are spent and who gets elected when. It's a rigged game, plain and simple.
Thats why in the last election the demo party was not for opening the books and stated that they would, "look into fiscal control and auditing"

whereas the repubs were saying they would enact that one bill right away to open the books since it would show whose hands are in the cookie jar.

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post #29 of 38 (permalink) Old 09-23-2011, 10:50 AM
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Quote:
Originally Posted by Inu View Post
Anyone in a union here? Is this what union dues pays for?


Yes I have been in a union for the last 19 years. It looks like it huh.
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post #30 of 38 (permalink) Old 09-23-2011, 01:15 PM
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Quote:
Originally Posted by Cerk View Post
Horseshit.
+ 1

Just because its legal doesnt make it right. Id perfer not to wake up everyday knowing im scumbag leech ripping off taxpayer money that i clearly dont deserve

Eric
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