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By Maria Shanahan/The Daily Caller
Nearly two-dozen labor leaders are slated to receive a combined $56 million in municipal pension funds during their lifetimes, according to the Chicago Tribune.
A 20-year-old law which changed Illinois’ pension code has left 23 retired union officials in a position to collect that large sum from two of the city of Chicago’s ailing pension funds.
These changes became law without any public debate among state legislators and without cost analysis.
Since the law bases pension payouts on labor leaders’ union salaries, instead of on the more modest salaries they received as city officials, their pensions average three times higher than what the typical city worker receives after retirement.
