One-day rehiring nets former Chicago labor leader a $158,000 city pension
Most city workers spend decades in public service to build up modest pensions. But for former labor leader Dennis Gannon, the keys to securing a public pension were one day on the city payroll and some help from the Daley administration.
And his city pension is more than modest. It's the highest of any retired union leader: $158,000. That's roughly five times greater than what the typical retired city worker receives.
In fact, his pension is so high that it exceeds federal limits and required the city pension fund to file special paperwork with the Internal Revenue Service to give it to him.
Gannon's inflated pension is a prime example of how government officials and labor leaders have manipulated city pension funds at the expense of union workers and taxpayers.
And his city pension is more than modest. It's the highest of any retired union leader: $158,000. That's roughly five times greater than what the typical retired city worker receives.
In fact, his pension is so high that it exceeds federal limits and required the city pension fund to file special paperwork with the Internal Revenue Service to give it to him.
Gannon's inflated pension is a prime example of how government officials and labor leaders have manipulated city pension funds at the expense of union workers and taxpayers.
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http://www.chicagotribune.com/news/local/ct-met-pensions-gannon-20110922,0,913026.storyComment
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Comment by Nota Khan on September 23, 2011 at 2:10pm
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Good question Tammuz! I am sure he came in that day just to apply for the "indefinite leave of absence":
City Hall rehired the former Streets and Sanitation Department worker for a single day in 1994, then granted him an indefinite leave of absence.
Even more interesting is he was getting pension on top of the salary before:
Until last year, that pension came on top of Gannon's union salary, which had grown to more than $240,000.
And he is not the only one:
Gannon's inflated city pension is one of at least 23 handed out to union leaders who have retired from the city, records uncovered by the Tribune and WGN-TV show.
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Comment by Tammuz Gonzalovich on September 23, 2011 at 1:27pm
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Question: Did he even show up for work that day, or just to be "hired"?
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