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Daley to Collect $184,000 Pension

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Daley to Collect $184,000 Pension
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Mayor Richard Daley will collect a pension of nearly $184,000 per year.

And it kicks in on May 17, the day after he leaves office.

Daley is using a 1994 rule for legislators in office that allows the pension to be based on his last government salary, Chicagoist explained.  He combined his separate pensions from state legislator and Cook County State's Attorney into one 40 year sum.

Because of this, Daley is able to 85 percent of his $216,000 salary. 

Daley joins a group of other retired politicians collecting pensions of more than $100,000, including former state Senate President Emil Jones and former Sen. Roland Burris. 

Related Topics Richard Daley, Pension Funding
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