Cost-of-living increases of 3% will be granted to all retired Chicago police officers, regardless of whether they were born before or after Jan. 1, 1966. Gov. J.B. Pritzker in 2021 signed into law a similar measure for retired firefighters.
They need it badly, Florida is becoming expensive.
Don Diego de la Bega “Z”
1 year ago
What many don’t realize that the 3% COLA is based on the original annuity and never changes. The COLA increase every year after the first is the same amount as the first. No compounding of Chicago police pensions
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
They need it badly, Florida is becoming expensive.
What many don’t realize that the 3% COLA is based on the original annuity and never changes. The COLA increase every year after the first is the same amount as the first. No compounding of Chicago police pensions