former mayor richard daley is exploiting a legal loophole to boost his own pension. wgn's tonya francisco is live in the newsroom with more. the irony in all of this is emanuel's predecessor contributed to the city's pension problems while fattening his own pension payout. a wgn chicago tribune investigation found that two years after mayor richard daley was first elected mayor he take advantage of the state's convoluted pension system setting him up with a sweet pension deal. a law passed in 1981 allowed him to use the years he served as state state senator to rejoin the pension fund ... he was allowed to combine years as mayor state's attorney and years in the state legislator to set himself up for benefits for 85 percent of his merrill salary far better than that of a city worker for eight annual pension in the six figures ... in doing so the former mayor was able to build a $184,000 a year retirement nest egg ... because he did not pay into the pension plan to most workers do the taxpayers are footing his retirement bill >> this is an example of why the state leg

joe kennedy called richard daley during the election and said are we going to take i will and i will daley said, by the grace of god and with the help of some close friends and those close friends were the graveyard vote. >> yes. obviously i was an round. i cannot attest to that. nor will i take an advantage on that. >> chris is a lawyer, by the way. >> yes. the reason i invoked that moment was richard nixon had a similar conversation with a very powerful series of leaders in southern illinois. and to the extent you have what's been reported on some of this stuff, theertdically what you had was southern illinois had a bunch of folks who might not be alive voting and you had the chicago area having a bunch of folks who might p be allowed voting. i thought television played a decisive role in that election for the reasons you mentioned. one side did a little better than the other side. >> so what you're saying is that if i don't want to be lonely i can either move to ohio and get a job in a factory or die. >> because the graveyard vote will still matter. >> people will be e-mailing and

not so easy to see his role in shaping the chicago massive pension debt >> 20 years ago richard daley set in motion a series of events taxpayers pay for today. set himself up with pension deal far better than most city workers. before he was mayor. cook county state attorney. before that eight years as state senator of those years in springfield to set up daily for life. >> less taxes for less, more taxes for last city services remember he lost his first run at mayor. when the opportunity presented itself took advantage of an obscure provision in the state pension law. the kind of deal only those insiders can figure out. any person who has served as a member for eight or more years for elected to become a member employed in such a position eligible to participate in a retirement system. established under article 5-14 of this act continuing on and on. in plain english the law allows the mayor to jump back into but just that his penchant for just one month thanks to another law allowed it to come by years as mayor along with his years as state attorney and in the legislature to boost hi

he referenced a wgn tribune investigation which found politicians including former mayor richard daley who negotiated sweetheart pension deals for themselves the mayor has sent a letter to city employees telling them of the pension systems are not reformed the funding will go broke or city jobs and services will have to be cut seven wards on the north side will be the first to have their garbage picked up based on a grid system those affected boards are 46-50 and most of the 40th and the 44th the change will go into effect june 11th the city will launch an awareness of for the week before the transition to let residents know when their trash will be recovered mayor emanuel pushed for the grid system arguing that it is cheaper than "n" word by ward plan to see how your award will be impacted go to the web site wgntv.com/weblinks it's a new day in same sense of urgency for the chicago bulls dan roan is live in philadelphia with a preview of tonight's must win games >>they will have to win tonight and again saturday ... they had the shoot around it this morning at a local community colleg

richard m. daley for eternity. well let's have a quick look at where russia will be playing their opening group a match against the czech republic on june the ice it will be at the municipal stadium based in the western polish city of najaf and can hold just under forty five thousand fans the design was inspired by a chinese lantern mo brought up itself is a thriving commercial center built on twelve islands which are connected by over one hundred bridges. now if you're wondering what the score might be in russia's first game look no further than this elephant. zoom correctly predicted chelsea would be by in munich in the champions league final he apparently did it by picking up an apple which represented the blues and is now the official animal to start for the euros will have some way to go to match the predictive powers of paul the octopus he tipped eight when i was at the two thousand and ten world cup. well i would have predicted montpellier is first french title with thousands of fans turning out on monday to

across the state of illinois, there is growing outrage over new reports that former chicago major richard daleys using his political influence to boost his pension by roughly $50,000 a year. this in a state making massive cuts as it faces one of the worst budget messes in the country. fox business network's stu varney joins us now with more. we've got governor "blago" in jail, and you've got mayor daley, he's a beloved figure, though. >> well, this puts a famous name and a famous face on a national problem -- megyn: what'd he do? >> well, okay. all over the country states and governments cannot afford the pensions which they promised to pay. mayor daley used to be a member of the illinois state legislature. he left and became the mayor of chicago. just after a couple of years he made a one-month payment to the legislature's pension fund even though he was no longer a member of the legislature. he paid in for just one month. it's that that entitles him to $50,000 a year for life in retirement -- megyn: whoa! >> yeah, he gamed the system. now, megyn, there's nothing illegal about this. he was sim

my recollection is joe kennedy called richard daley during the election and said are we going to take illinois and daily said by the grace of god and with the help of some close friends and they were the graveyard vote. >> i cannot testify to that. the reason i invoked that moment is richard nixon had a similar conversation with a powerful series of letters in southern illinois. what you had, what has been recorded on some of this stuff -- what you had it is southern illinois having a bunch of folks and you had the chicago area having a bunch of folks who may not have been alive voting. television played a very decisive role. you still had an impact on politics. >> if i do not want to be lonely i can move to ohio and get a job in a factory or die. the graveyard boad is still going to matter. >> one of the things that strikes me is getting people together in san francisco and getting them to contact people in states that are in play. is this something people talk about? >> let me tell you why i am asking. because of the electro college which is a relic of the 18th- century constitution

former chicago mayor richard daley has been building up a comfy pension and finding loopholes to rakee best benefits, apparently. >> while workers brace for big time pay cuts, he's guaranteed a whopping $184,000 a year. how did he pull it off? with the trail of dough. here's stuart varney. stuart, look, just before he got out, he'd combined his years as the mayor, working the state government as well for this jackpot. >> he gamed the system. blatantly. what he did was this. he was in the state legislature. he left the state legislature, became the mayor of chicago. 10 years after he leaves the legislature, he says "i want to pay in for one month only into the pension plan for the state legislature. "he's already left it 10 years ago. now he's the mayor of chicago but for one month, he pays into that pension plan. one month only. >> what a great month. >> that gives him an extra $50,000 a year for life when he retired. he adds that to the rest of his pension which is now $184,000 a year for life. he only made payments to that pension fund for just one month. nothing illegal. >> why did

recollection is that joe kennedy -- i'd like to be corrected if i'm wrong -- joe kennedy called richard daley during the election and said are we going to take illinois, and daley said by the grace of god and is with the help of some close friends, and those close friends were the graveyard vote, basically. >> yes. i mean, i, obviously, was not around, could not personally attest to that, nor would i take an affidavit -- [laughter] >> chris is a lawyer. >> also the reason i invoked that particular moment was that, you know, richard nixon had a very similar conversation with a very powerful series of leaders in southern illinois. and, you know, what you really had to the extent you believe what has been reported on some of this stuff and, again, i'm not a firsthand witness -- >> no, but we're believing the mass media. >> right. you know, theoretically what you had was you had southern illinois having a bunch of folks who may not have been alive voting and you had the chicago area having a bunch of folks who may not have been alive voting. at the end of the day, you still had an election that w