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Chicago Firefighters Push Pension Bill That Could Saddle City with $30 Million in Annual Costs
Chicago Sun-Times
Feb. 26, 2020 "The Chicago Firefighters Union Local 2 is making a renewed push to increase retirement benefits for 2,200 of its members at a heavy cost to taxpayers: $18 million the first year and $30 million every year after that.... [The proposal] would remove the 'birth date restriction' that has prohibited roughly 2,200 active and retired firefighters born after Jan. 1, 1966 from receiving a simple, 3% annual cost of living increase. Instead, they get half that amount -- an annual increase of 1.5% that is not compounded." MORE >> |
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