It would remove the “birth date restriction” that prohibited 2,200 active and retired firefighters born after Jan. 1, 1966 from receiving a 3% annual cost of living increase. Instead, they get half that amount — an annual increase of 1.5% that is not compounded.
The article has what seems to be contradictory information. “It 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.” Then later in the article this from State Senator Robert Martwick: “Remember, they have traditionally given that 3% simple COLA [Cost-of-living adjustments] to these firefighters. They’re going to get that. This just writes it into law.” So how many, if any, are actually receiving a 1.5% non compounded annual annuity increase? As opposed to receiving a 3% non compounded annual… Read more »
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.
The article has what seems to be contradictory information. “It 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.” Then later in the article this from State Senator Robert Martwick: “Remember, they have traditionally given that 3% simple COLA [Cost-of-living adjustments] to these firefighters. They’re going to get that. This just writes it into law.” So how many, if any, are actually receiving a 1.5% non compounded annual annuity increase? As opposed to receiving a 3% non compounded annual… Read more »