http://www.msnbc.msn.com/id/44872639/ns/us_news-life/
'Insane' even by Illinois standards? Union official to get $500,000 in pensions.
heres a few examples--
A labor leader in Chicago is expected to receive pension payments of nearly $500,000 a year, while another could get about $438,000 a year, according to reports Wednesday---
-----The Tribune said the joint investigation with WGN-TV found that Naimoli, president of Cement Workers Local 76, was receiving a city pension of about $158,000 a year. It said his city pension was based on his union salary.
Naimoli, who retired in 2010 from the $15,000-a-year city job, is also now eligible to receive a pension of about $60,000 a year, the paper said, from the Laborers' Pension Fund for Chicago and Vicinity.
He also will become eligible for payments of about $220,000 a year from a third pension, provided by the national union, LIUNA, on his 60th birthday next year.
The Tribune said he had not worked his $15,000-a-year job with the city for a quarter of a century.
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'Insane' even by Illinois standards? Union official to get $500,000 in pensions.
heres a few examples--
A labor leader in Chicago is expected to receive pension payments of nearly $500,000 a year, while another could get about $438,000 a year, according to reports Wednesday---
-----The Tribune said the joint investigation with WGN-TV found that Naimoli, president of Cement Workers Local 76, was receiving a city pension of about $158,000 a year. It said his city pension was based on his union salary.
Naimoli, who retired in 2010 from the $15,000-a-year city job, is also now eligible to receive a pension of about $60,000 a year, the paper said, from the Laborers' Pension Fund for Chicago and Vicinity.
He also will become eligible for payments of about $220,000 a year from a third pension, provided by the national union, LIUNA, on his 60th birthday next year.
The Tribune said he had not worked his $15,000-a-year job with the city for a quarter of a century.
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