Northwest Herald


Friend's E-mail:
  (maximum of 3 addresses separated by commas)
Your E-mail:
A Brief Comment (150 char max / 25 word max)
Article:

How Illinois pension deal could affect retirees

CHICAGO – Public employees could see significant reductions in long-term retirement income under a proposed bill that Illinois legislative leaders are pushing as a way to solve the worst-in-the-nation pension crisis. One of the biggest cuts would come from a change in annual cost-of-living adjustments. The proposal would change the COLA increase from the current rate of 3 percent compounded annually on the full annuity benefit. Retirees instead would receive increases at that rate only up to a certain amount of annuity benefit.

Security image:   
Note:the e-mail sent will contain information, such as your IP address (54.226.116.197), for purposes of tracking abuse. Use of this software to spam or harass individuals can and may result in penalties punishable by law.

[x] Close Window

Copyright © 2014 Northwest Herald. All rights reserved.