The cronies are just drawn to Chicago. For all the great architecture, universities, and commerce, it feels like the only thing that comes out of Chi-Town these days is youth violence and political corruption. Oh, and the President.
(From The Chicago Tribune)
The sum is part of a city pension that comes on top of the $198,000 annual salary he is paid to represent the interests of thousands of city workers.
“It’s egregious. I haven’t seen this anywhere else in the country,” said Keith Brainard, research director of the National Association of State Retirement Administrators, when he heard about Villanova’s deal. “The spirit of a pension plan is insurance against poverty. It’s not to become wealthy.”