More about the sweet pension deal

April 28th, 2009 at 10:41am Wally Haas

State Sen. Dave Syverson sent me an e-mail that said Kurt Granberg’s pension deal is even better than what I described in an earlier post. Syverson said Granberg’s $111,000 plus pension will be compounded 3 percent a year for life. Syverson said a number of Rod Blagojevich’s friends benefited from the system.

Former state Sen. Carol Ronen quit midterm to take a job with the Blagojevich administration. She only lasted a few weeks before she quit to volunteer on Barack Obama’s presidential campaign. Her pension was based on the six-figure salary rather than her $70,000-something legislative salary.

Lawmakers and appointees get sweeter deals than average state workers. The only have to work one day — one –in a higher paying position to get a pension based on the higher salary.

Illinois needs pension reform. It should start by eliminating these kinds of sweet deals.

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