-By Warner Todd Huston
There really is no excuse for any public servant to retire with a pension worth $1.3 million dollars of the people’s tax money. None. But that is precisely what happens in the City of Chicago according to Chicago’s Civic Committee.
Crain’s Greg Hinz reports that the Civic Commission sent an email blast out to its members late last week reporting that the typical Chicago Fireman who retires after 20 years of service will make $1.3 million in pension benefits. Cops make a bit less at $1.2 million.