Gov. Pritzker signs bill boosting first responder pensions
Fox News · Older
Fox News
Older
Some Chicago police officers and firefighters will be getting a big boost to their pension, thanks to a bill signed into law by Illinois Governor JB Pritzker.
Breakdown
- Illinois Governor J.B. Pritzker signed a bill boosting pensions for Chicago police and firefighters.
- The law increases benefits for those in the Tier 2 pension plan, which previously offered reduced benefits. 8s
- The new law aims to equalize Tier 2 benefits with the older pension system. 21s
- The change will require the city to contribute an additional $7 billion over 20 years. 29s