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home : news : state news free June 28, 2016

2/13/2013 1:12:00 PM
Union deal: Chicago police to increase pension fund contributions

CHICAGO (AP) — The city of Chicago has reached a four-year agreement with the union representing police sergeants.

The deal calls for a 1 percent increase for three years in pension fund contributions by the police department’s 1,125 sergeants. Under the agreement, by January 2015 each sergeant will pay 12 percent of the pension cost.

The agreement includes a 9 percent pay raise spread over four years. It maintains the $1,800-a-year uniform allowance and $3,220 in annual duty availability pay.

Mayor Rahm Emanuel says the contract serves as a framework for pension costs that enhances the retirement security of employees and addresses the financial pressures on taxpayers.

Chicago Police Sergeants Association president Jim Ade says the agreement will be a tough sell to members, who must ratify it.

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