What’s the controversy with firefighter pensions?

Governor J.B. Pritzker recently signed a bill which alters cost-of-living adjustments (COLA) for firefighter pensions moving forward. At issue was how pension benefits are given to Chicago firefighters. Previously, any Chicago firefighter who was born on or after January 1st received a non-compounded 1.5% COLA with a cumulative cap of 30% (as long as theyContinue reading “What’s the controversy with firefighter pensions?”