Added Apr 30 2012
Thanks to a 1991 pension "boost" in Richard M. Daley's first term, some of Chicago's aldermen will earn more money from their pensions than they did while in office... but the Rahmulans have no problem closing down 6 mental health clinics that serve our great city's most vulnerable population.
Joe, I'd love for you to address this pension mess. You've served long enough to be fully vested... it sounds like you'll be making more than $90K/ year after you retire! on the taxpayers' dime! You all need to change the rules before the taxpayers begin to revolt!!!
From The Trib article: "When pension benefits for aldermen were boosted in 1991, their salary was $40,000 a year. Since then, it has grown to as much as $115,000 — rising at nearly DOUBLE the rate of inflation." [emphasis added]
Yes. Something is VERY wrong with this picture.