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Report: Some State Workers' Pensions Top $100K
CHICAGO (AP) -- An analysis of the 17 largest retirement plans for government workers in Chicago, Cook County and the state of Illinois shows that retirement is profitable for a lot of people.

The Chicago Sun-Times looked at the pension money paid to the former government workers. It found that almost 4,000 get pensions of at least $100,000 per year, and more than half of those have collected more than $1 million each since they retired.

Retired lawmaker and former state Comptroller Dawn Clark Netsch, for example, gets more than $114,000 a year and has collected $1.4 million since 1995.

Netsch is now a Northwestern University law professor. When asked about the pension, she said there's no question the system needs to be changed. But she added: "What am I supposed to do? Refuse it?"

(Copyright 2009 by The Associated Press. All Rights Reserved.)
09 11 09 by Newsroom
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