Daley adviser Degnan gets $130,000 pension
Like former mayor, he took advantage of little-known provisions in state's code
Former Chicago MayorRichard M. Daleywasn't the only city official to take advantage of little-known provisions in the state's pension code. His adviser Timothy Degnan made the same moves.
A longtime Daley family confidant, Degnan was appointed to Daley's seat in the Illinois Senate after Daley left in 1980 to run for state's attorney in Cook County. When Degnan joined the mayor at City Hall as intergovernmental affairs director in 1989, the mayor's brother John took over for Degnan in the Senate.
In 1991 Degnan, like Daley, jumped into the General Assembly Retirement System long enough to transfer his municipal pension credits into the more lucrative state plan.