Chicago police sergeants, city reach contract deal
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CHICAGO (Associated Press) -
The city of Chicago has reached a 4-year agreement with the union representing police sergeants.
The Chicago Sun-Times reports the deal calls for a 1% increase for three years in pension fund contributions by the police department's 1,125 sergeants. Under the agreement, by January 2015 each sergeant will pay 12% of the pension cost.
The agreement includes a 9% pay raise spread over four years. It maintains the $1,800-a-year uniform allowance and $3,220 in annual duty availability pay.
Mayor Rahm Emanuel says the contract serves as a framework for pension costs that enhances the retirement security of employees and addresses the financial pressures on taxpayers.
Chicago Police Sergeants Association president Jim Ade says the agreement will be a tough sell to members, who must ratify it.
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One number in Saturday night's Powerball drawing was the difference for a dozen Illinois players between being $10,000 richer and living the life of a multi-millionaire - whose ticket was purchased in Florida.
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