penions

Flap Over COLA Cut Suggestion
7:14 pm
Thu October 11, 2012

Teachers Union Wants Pension Head to Resign

Richard Ingram

A labor union is demanding the resignation of the head of Illinois' teacher pension system because it doesn’t like what he's been saying about the future of teachers' retirement benefits.

Pension chief Richard Ingram said in order to solve the long-term funding problems of the Teachers' Retirement System, the state has to consider reducing automatic cost-of-living increases for retirees.

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