Pensions

Syndicate content Get this feed!

Jackson may lose federal pension

February 19, 2013
Chicago Tribune

Ex-congressman planning guilty plea could get up to 5 years in prison

By Katherine Skiba, Chicago Tribune reporter

WASHINGTON—
— Former Rep. Jesse Jackson Jr., who plans to plead guilty to using campaign dollars to buy more than $750,000 worth of luxury items, memorabilia and other goods, is at risk of losing his freedom and a federal pension estimated at $45,000, observers said.

Jackson, 47, who could be in court as early as this week, faces up to five years in prison, according to federal prosecutors.

Daley adviser Degnan gets $130,000 pension

May 2, 2012
Chicago Tribune

Like former mayor, he took advantage of little-known provisions in state's code

Generous rules govern aldermen's pensions

May 1, 2012
Chicago Tribune

Retired council members stand to reap millions, thanks to a quietly engineered pension boost in 1991

By Jason Grotto and Hal Dardick Tribune reporters

When Chicago aldermen floated a proposal in 1987 to boost their city pensions dramatically, Mayor Harold Washington's administration dismissed it as an arrogant ploy that lacked even a cursory cost analysis.

Three years later, the proposal still didn't have a price tag. But records show that the new mayor,Richard M. Daley, helped push it through the state Legislature anyway.



Related Links:

Illinois pension reform measure passes House

Mach 30, 2012
Chicago Tribune

By Ray Long and Alissa Groeninger, Chicago Tribune reporters

SPRINGFIELD — A local government that gives an ex-lawmaker a fat paycheck would have to pick up the costs of any automatic increase in his state pension under a proposal the House passed overwhelmingly Thursday.

House Republican leader Tom Cross of Oswego, who sponsored the legislation, said the action is needed to rebuild trust in public officials and demonstrate a commitment to "ending the corrosive policies of the past."

Lawmaker hits pension jackpot (Editorial)

March 23, 2012
Chicago Tribune

Come on, stop this nonsense

When Republican state Rep. Roger Eddy announced his retirement from
the House Thursday, you could hear the "ding, ding, ding" of a slot
machine all the way from Springfield.

Eddy hit the pension jackpot.

He is retiring early from the House to run the Illinois Association of
School Boards, which, among other activities, lobbies the Illinois
Legislature. His start date is July 1 — although now that he's leaving
the Statehouse before the end of the spring session, he said it's

Legislative scholarships flowed to top union lobbyist's kids

November 27, 2011
Chicago Tribune

Teachers' political director also received perk that allowed him to be a sub for a day and get a pension

By Ray Long, Chicago Tribune reporter

SPRINGFIELD—
— Steven Preckwinkle's one day of subbing became a symbol of Illinois' troubled pension system after that work qualified him for significant state teacher retirement benefits.

Former Sen. Rickey Hendon owes IRS $31,531

August 29, 2011
Chicago Sun-Times

Former state Sen. Rickey Hendon — who represented Chicago’s West Side in the Legislature before retiring in February — owes $31,531 to the IRS in unpaid federal income taxes and penalties for 2002, 2003, 2006 and 2007, according to a lien the agency has filed with the Cook County Recorder of Deeds.