You read that right, a retired Chicago labor leader secured a $158,000 public pension — roughly five times greater than what a typical retired public-service worker in the Windy City receives — after being rehired for just one day of active duty on the city payroll.
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, Grosvenor Capital Management, that does work with public pensions, including the Teachers Retirement System of Illinois. The firm also was one of Mayor Rahm Emanuel's largest campaign contributors.
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 because the city rehired the former Streets and Sanitation Department worker for one day in 1994. That arrangement is allowed under a state law signed by Gov. Jim Thompson on his last day in office in 1991.
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. He retired from the city job in 2004 at age 50.
'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.
If you need evidence on how corrupt self-serving unions and union officials can be. For Dennis Gannon to go on leave after 1 day shows this was all planned from the outset. Moreover, by granting the leave, the corrupt Streets and Sanitation Department went along with it all the way.
Any guesses as to how many bribes and payoffs were associated with this chain of events?
Gannon says "I am extremely proud of my many years of service to the city of Chicago"
He means one day of service for which he will collect $4 million ripping off taxpayers for his own personal gain. Yes, that is something to be damn proud of.
It is time to end public unions entirely.
Showing posts with label unions. Show all posts
Showing posts with label unions. Show all posts
Sunday, September 25, 2011
Tuesday, August 23, 2011
Last Chance to Oppose the Obama's Union Elections Scheme
From The National Right to Work Legal Defense Foundation
Through Monday August 22, the National Labor Relations Board (NLRB) is accepting public comments on its proposed rule changes to union certification election procedures.
The new election guidelines would make union certification elections as one-sided as possible by ambushing workers with quick-snap elections and invading workers' privacy by forcing companies to hand over their addresses, phone numbers, and shift schedules to union bosses.
Please watch the video on the below to see National Right to Work Foundation staff attorney William Messenger's presentation at the NLRB's open meeting exposing the dangers to individual workers posed by the proposed rules.
After watching the video, please join the thousands of concernced citizens who have already filed their comments with the NLRB. So far, the Board has received over 8,000 comments -- overwhelmingly pro-Right to Work and against the ambush election procedures.
Tell the Obama Labor Board that, as a concerned citizen, you oppose the Obama Labor Board acting as an organizing tool for Big Labor.
Click here to register your opposition to the NLRB's latest union-boss power grab
Through Monday August 22, the National Labor Relations Board (NLRB) is accepting public comments on its proposed rule changes to union certification election procedures.
The new election guidelines would make union certification elections as one-sided as possible by ambushing workers with quick-snap elections and invading workers' privacy by forcing companies to hand over their addresses, phone numbers, and shift schedules to union bosses.
Please watch the video on the below to see National Right to Work Foundation staff attorney William Messenger's presentation at the NLRB's open meeting exposing the dangers to individual workers posed by the proposed rules.
After watching the video, please join the thousands of concernced citizens who have already filed their comments with the NLRB. So far, the Board has received over 8,000 comments -- overwhelmingly pro-Right to Work and against the ambush election procedures.
Tell the Obama Labor Board that, as a concerned citizen, you oppose the Obama Labor Board acting as an organizing tool for Big Labor.
Click here to register your opposition to the NLRB's latest union-boss power grab
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