Cost-Of-Living Salary Increase

Illinois House Speaker Michael Madigan

House Speaker Madigan Proposes Pension Reform Plan

Illinois House Speaker Michael Madigan sought Tuesday to tackle the pension crisis through a single piece of legislation that would require government employees and teachers to contribute more toward their retirement but receive fewer benefits in return.


Illinois House Floor

House Passes Pared-Down Pension Reform Plan

Illinois lawmakers from both parties celebrated a possible breakthrough Thursday in their struggle to solve the multibillion-dollar pension crisis after voting to reduce and delay cost-of-living increases in state employees’ retirement pay — a step the House Republican leader heralded as “the meat and potatoes of pension reform.”


Chicago Public Schools

Teachers Union Says It Would Accept Lower Raises

The Chicago Teachers Union says it would accept a lower cost-of-living salary increase for the current school year.

CBS Chicago–08/23/2011