Backed by the Fraternal Order of Police and Mayor Brandon Johnson, lawmakers plan to send Gov. J.B. Pritzker a measure ensuring all retired Chicago police officers receive the same cost-of-living bump in their pension checks.
Senior mayoral adviser Jason Lee pegged the 2024 cost of the police pension sweetener at roughly $60 million. It will be paid for by reducing the $306.6 million that Johnson has earmarked in his first budget to “pre-pay” Chicago’s pension debt, Lee said.
