Bill Zettler interviewed by Fox News Chicago: Chicago Union Leaders Grab Millions in Pension Loophole

Editor’s note – the following is from Fox News Chicago:

Pension expert Bill Zettler said the special provision was slipped into state law decades ago by politicians eager to get union support. In his view, it’s legalized corruption.

“[Foley is] getting a 25 percent return on his money because he’s the head of a union and he’s involved in city politics. He’s a very powerful political player. You and I cannot get 25-percent,” Zettler said.

Zettler ran the numbers for us, and based on actuarial tables those six union officials stand to collect an additional $12 million in city pension money over their expected lifetimes, all from an investment of $1.1 million.

Click here to read the entire article at Fox News Chicago.

 

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