CTA President Has to Give up Lucrative CTA Pension

The Chicago Transit Authority's new president has to temporarily give up collecting a pension from a previous CTA stint that paid him $750,000 in just over five years.

The Chicago Sun-Times reports that Dorval Carter took advantage of a CTA early retirement program in 2009 when he left to work in President Barack Obama's Transportation Department.

In Washington, he took home $284,000 a year in salary and pension. Now the 57-year-old Carter is Chicago Mayor Rahm Emanuel's pick for CTA president making $235,000.

Documents examined by the Sun-Times and the Better Government Association show Carter signed up for an early retirement program CTA offered executives to save money. He paid $245,000 into his pension.

CTA spokesman Brian Steele says Carter was not given special treatment.

Copyright AP - Associated Press
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