Tuesday, December 23, 2014

Chicago City Employees & Unions File Lawsuit

Four unions representing employees of the city of Chicago, as well as twelve current and former employees, have filed a lawsuit against the city in response to proposed changes to employee pension plans. The proposed changes include increased pension contributions, increased wait time for cost-of-living increases, and the elimination of compounded cost-of-living increases. According to Chicago's mayor, the changes to the pension plan are necessary to prevent the pension fund from running out of money.

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