Bill to boost pensions for retired Chicago cops will cost city $60M – Center Square

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.
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Leaving Soon, just not soon enough
1 year ago

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

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