CBS 2 Chicago wbbm7801059 670 The Score

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.

04/30/2013

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.”

03/21/2013

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