Friday, September 23, 2011

This'n'That; September Twenty-Third #2; Clean-Up?

Is It Even Possible?!?
[In reading this post one must remember "Clown Prince ZERO-bama, The Narcissist" is steeped in this political 'style.']
    Someone we--of the 'serf-class'--have never heard of; works a single day; becomes eligible for a $158,000 PER YEAR, pension!  Have you ever heard of Dennis Gannon?!?  Neither have I!  This is such a convoluted story, it's difficult--at least for me--to follow but, here goes:
    Mister Gannon was rehired for a single day for the City of Chicago (in 1994); at the close of that workday, took an indefinite leave-of-absence; started drawing his $158,000 per-year pension (in 2004).  But this is not the whole story of Mr Gannon's government-approved scamming of Chicago and State of Illinois taxpayers:
Since the mid-1990s, Gannon held various executive positions with the Chicago Federation of Labor, culminating as president of the union earning a $240,000 annual salary.
Early in his 'service' (prior to 1994) with the City of Chicago, Gannon was a worker with the city's Streets and Sanitation Department.
Gannon 'retired' from the city job in 2004 and started drawing his $158,000 annual pension.
Gannon 'retired' from the Chicago Federation of Labor in 2010 and started drawing an annual pension which--if history is followed--will be 'lucrative.'
Gannon draws both pensions while working--full time--for the hedge fund Grosvenor Capital Management.
    Ethics aside, how can this possibly be legal, you ask?!?
Authorized by a state law signed by former Governor Jim Thompson--on his last day in office--Gannon was allowed to retire from his city job and have his city pension based on his exorbitant union salary of said $240,000-annually. 
The city pension amount so exceeded federal limits that the City of Chicago Pension Fund had to file paperwork with the Internal Revenue Service
As previously stated, every American taxpayer, every American citizen, must bear-in-mind:  this is the 'school' that educated "Clown Prince ZERO-bama, The Narcissist" in the way of "Chicago-style politics!"
Til Nex'Time....

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