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The news site of Glenbrook South High School.

The Oracle

The news site of Glenbrook South High School.

The Oracle

The news site of Glenbrook South High School.

The Oracle

PERSONALIZING PENSIONS: Although affected in different ways based on their ages, Katie hoover, English teacher; Matthew Whipple, social studies teacher; and Cheryl Hope, English teacher, will all lose retirement benefits from the latest change in Cost-of-Living Adjustment (COLA, an annual income raise based on inflation. Two elements of this part of the legislation include a decrease in the COLA percentage and COLA holidays.

Pension overhaul approved in Illinois

Charlotte Kelly, co-news editor
December 20, 2013

The Illinois Congress approved a reform of the state’s pension system for public workers on Dec. 3, and Governor Pat Quinn signed the legislation on Dec 5.  Public-worker pensions lack $100 billion...

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