It's Not About the Money
This article appeared in yesterday's Sun Times
Beavers could get 3 pensions
William Beavers' decision to trade his $98,125-a-year aldermanic paycheck for the $85,000-a-year salary paid to county commissioners might sound like a financial comedown. But it could be a ticket to a triple pension. Once he leaves the city payroll, Beavers can start collecting the police pension he earned, but wasn't qualified to receive after retiring from the Chicago Police officer's job he left a generation ago.
More important, Beavers will be eligible to collect an aldermanic pension of $78,500 a year.
That's 80 percent of the $98,125-a-year salary paid to City Council members.
Both pensions would be in addition to the $85,000-a-year County Board paycheck. If the 71-year-old alderman remains at the County Board for 10 years, he would also become eligible for a county pension -- at $68,000 a year or 80 percent of the county commissioner's salary. The bottom line: If Beavers lives long enough, he could get a triple government pension. more...
And today the reactions from every County Board member about Mr. Beavers' remarks
Entire County Board slaps Ald. Beavers
Hhmm...and not a word about the triple pension possibility.
I guess it isn't about the money.
Beavers could get 3 pensions
William Beavers' decision to trade his $98,125-a-year aldermanic paycheck for the $85,000-a-year salary paid to county commissioners might sound like a financial comedown. But it could be a ticket to a triple pension. Once he leaves the city payroll, Beavers can start collecting the police pension he earned, but wasn't qualified to receive after retiring from the Chicago Police officer's job he left a generation ago.
More important, Beavers will be eligible to collect an aldermanic pension of $78,500 a year.
That's 80 percent of the $98,125-a-year salary paid to City Council members.
Both pensions would be in addition to the $85,000-a-year County Board paycheck. If the 71-year-old alderman remains at the County Board for 10 years, he would also become eligible for a county pension -- at $68,000 a year or 80 percent of the county commissioner's salary. The bottom line: If Beavers lives long enough, he could get a triple government pension. more...
And today the reactions from every County Board member about Mr. Beavers' remarks
Entire County Board slaps Ald. Beavers
Hhmm...and not a word about the triple pension possibility.
I guess it isn't about the money.
gf
.
posted by gf at 4:29 AM
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