Union Officials Must Not be Able to Collect Union and City Pensi - Chicago News and Weather | FOX 32 News

Union Officials Must Not be Able to Collect Union and City Pensions Simultaneously: Renda

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FOX Chicago News first broke the story in August and it has since been amplified by the Chicago Tribune: union officials receive huge pension windfalls in an outrageous manipulation of Illinois pension law.

An opportunistic interpretation of a 1991 state law allows union leaders who have taken leaves of absences from city work to tap into the city of Chicago pension funds based on their larger union salaries instead of their smaller city salaries.

The manipulation of this law resulted in huge pension payouts for these select union officials.

In my mind these windfall pension payments totally undermine the majority of city workers who earned their pensions the hard way - they worked for them.

I support Ill. House Republican leader Tom Cross's bill which emerged from committee this week - this legislation will end the ability of labor leaders to base their public pensions on their union salaries and seek to stop the practice of double dipping by collecting both union and city pensions at the same time.

Many other political leaders support this legislation including Ill. Senate President John Cullerton who stated that this pension law needed to be corrected to "help restore the pension system's fiscal and public integrity."

We need to get this pension language bill passed in the state legislature without delay and our state lawmakers must get to work on more sweeping pension reform - the severe underfunding and the future solvency of the entire system must be faced up to and dealt with now.

Our state legislators need to hear from their constituents on the call for pension reform because Illinois Deserves Better.
 

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