Cost-Of-Living Salary Increase

House Speaker Madigan Proposes Pension Reform PlanIllinois 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.
House Passes Pared-Down Pension Reform PlanIllinois 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."
Teachers Union Says It Would Accept Lower RaisesThe Chicago Teachers Union says it would accept a lower cost-of-living salary increase for the current school year.