Friday, December 03, 2010

'You won't be able to sell your house,' Daley warns

'You won't be able to sell your house,' Daley warns :: CHICAGO SUN-TIMES :: Politics
"The Illinois Senate on Thursday approved police and firefighter pension legislation that Mayor Daley warned would blow a $550 million hole in the city budget, but the top Senate Democrat pledged to try softening that financial hit next month.

Municipalities won pension cutbacks for incoming cops and firefighters, including bumping up the retirement age with full benefits from 50 to 55, limiting retirement cost-of-living increases and capping the final salary upon which pensions are based, among other things. Existing public-safety workers aren't affected"

They can retire at 50?!!!!!

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