Illinois Sup Ct – State retirees can keep their annual compounded COLAs
on May 08, 2015
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Hey, remember when I wrote in February 2011 how state employees accused Scott Walker of being Hitler because he wanted to scale back state employee unions? First They Came For The Right To Retire After 30 Years On Full Salary With COLAs.
Welcome to Illinois, where in 2011 the legislature made a similar "Hitlerian" move to protect the State from fiscal oblivion by scaling back annual compounding of retiree Cost of Living Adjustments and other retiree perks as part of a reform package.
Those perks, not available in the private sector, were crushing the state budget.





