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Nice "work" if you can get it.
Topic Started: Mar 18 2015, 04:11 PM (167 Views)
George K
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Finally
Because Unions

Quote:
 
A union lobbyist who qualified for a teacher pension windfall by subbing at a school for one day is now suing a state retirement board because his benefits were scaled back once his sweet deal was exposed.

Retired Illinois Federation of Teachers lobbyist David Piccioli, 65, is arguing that lawmakers violated the state constitutional provision that says a pension cannot be "diminished or impaired" once it is set.

Piccioli is already collecting $31,485 from the Teachers Retirement System. If he wins his case, his teacher pension could increase by more than $36,000, the Tribune estimated — more than doubling what he gets now.

Piccioli also gets a second state pension worth just over $30,000 that covers time he served as a legislative aide. Both pensions are based on an average of his six-figure salaries as a union lobbyist.

With another federation lobbyist, Piccioli entered the pension system for teachers outside of Chicago through a small window opened by a 2007 law. One day of teaching in Springfield qualified them for pensions based on all the years they spent as employees of the union.

After the Tribune and WGN-TV reported on the pension maneuvers, legislators passed a bill aimed at scaling back the lobbyists' benefits. Piccioli is now arguing that 2012 law should be declared unconstitutional and voided.

There's more, much more, in the article about how to milk the system.
A guide to GKSR: Click

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jon-nyc
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Cheers
Why Chicago pensions will never be fully paid. And why we need state level bankruptcy law.
In my defense, I was left unsupervised.
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jon-nyc
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Cheers
Downgraded to one level above junk.


http://www.reuters.com/article/2015/03/20/usa-chicago-education-ratings-idUSL2N0WM1SU20150320
In my defense, I was left unsupervised.
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