Could this be why the Illinois pension fund is broke?
So called "public servants" can collect a pension after working for a place for ten years. If they switch jobs after 10 years, then they can collect a pension from each job?
Senator Ed "Horseshoes" Maloney maintains the finest tradition of the 19th Ward
Pension King Maloney
Our state senator Ed Maloney has the good fortune of being eligible to receive 4 government pensions plus his wife's government pensions plus social security. The money stacks up as follows.
Chicago Park District Pension
Oak Lawn High School Pension
Illinois House of Representatives Pension
Illinois State Senate Pension
plus, his wife gets pensions as follows.
Chicago Board of Education Pension
Cook County Pension
plus, both of them qualify for social security benefits via their concurrent (side jobs) employment with Brother Rice High School and the 19th Ward Regular Democratic Organization.
At least 2 of these pensions are Defined Pensions, meaning that in the event of bankruptcy, he still gets his. Total take once he leaves office? Over $200,000.00 every year. How about that for public service?
at January 04, 2011
http://19thwardchicago.blogspot.com/2011/01/senator-ed-horseshoes-maloney-maintains.html