Severance Pay

Metra Puts $1.3M Pricetag On Former CEO Clifford's DepartureMetra has released a list of the money it has paid out in connection with the controversial departure of former CEO Alex Clifford, along with a number of reforms it has enacted as a result.
Madigan Asked Metra To Give Pay Raise To AssociatePowerful Illinois House Speaker Michael Madigan said Thursday he asked senior staff at Metra to consider a pay raise for an associate who was employed at the commuter rail agency, but withdrew the recommendation after Metra's then-CEO expressed discomfort over it.
Head Of Metra Board Defends Severance Deal For Former CEOMetra Chairman Brad O’Halloran defended an expensive severance settlement with former CEO Alex Clifford, explaining the deal was cheaper than a potential lawsuit if Clifford were fired without a parting deal.
Legislators To Hold Hearing On Metra's Severance Deal For Ex-CEOAll 11 Metra Board members — as well as former Metra CEO Alex Clifford — are being asked to appear July 11 before a legislative committee delving into a hefty severance package that could reap Clifford nearly $750,000 over more than two years, lawmakers said Wednesday.
BGA Questions $750K 'Golden Parachute' For Former Metra BossA government watchdog group wants the Regional Transportation Authority to look into why former Metra executive director got a severance package worth up to $750,000 when he stepped down, even though he apparently wasn’t legally entitled to any severance pay.
Metra Boss Steps Down, Taking More Than $400,000 In SeveranceMetra executive director Alex Clifford has resigned, taking a $442,000 buyout as he leaves the commuter rail agency.
CPS Hopes To Save Millions With Severance Deal For Cafeteria WorkersChicago Public Schools officials have offered lunchroom workers severance packages to get them to vacate their jobs, and help the district close its estimated $1 billion budget deficit.
Amid Misconduct Probe, 2 NIU Administrators Leave With Big SeverancesQuestions are being raised about what's going on at Northern Illinois University - with one investigation in progress, and now the departure of two accused administrators who are getting tens of thousands of dollars in severance.
Report: Severance For School Superintendents Costing MillionsBig severance packages paid to school superintendents have cost Illinois taxpayers millions of dollars over the last decade, according to a published report.