55 and Out Not Working
But it doesn't seem to be working either way:
Chicago Police officers are not exactly beating down the door to take advantage of Mayor Daley's offer to extend premium health benefits to those who retire at age 55.
In fact, unless 100 more eligible officers line up before the Oct. 1 deadline -- joining the 60-plus who've signed on already -- the deal is off. And the $23 million Chicago taxpayers desperately need to save will be lost.
$23 million is 4.4% of Daley's $520 million shortfall in 2010. We foresee a lot more layoffs coming with those types of numbers.
Labels: city politics