Want to know why public pension funds are running out of money? Look no further than Dennis Gannon. Thanks to a perfectly legal loophole, the former Chicago sanitation department worker stands to receive a pension five times what the average Chicago city worker gets, according to an investigation by the Chicago Tribune.
Gannon's pension, said the Tribune, would be the largest of any retired union leader in Chicago -- $158,000 a year. In all, he stands to collect $5 million. His pension was...Full Story