Total Cook County Current Employees (2010) |
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Total Cook County Retirees (2010) |
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Total Cook County Retirees Receiving Health Benefits (2010) |
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Cook County Deceased Annuitants (2010) |
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No changes to current system |
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Employer Contribution Increases as a Level Percent of Payroll to Reach 80% Funded by 2040 |
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Employer contribution increases as a level percent of payroll to reach 90% funded by 2040 |
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Employer contribution increased over a 10 year period then a level percent of payroll to reach 80% funded by 2040. |
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Employer contribution increased over a 10 year period then a level percent of payroll to reach 90% funded by 2040. |
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Pension benefit accrual rate reduced from 2.4% to 2.2% and employer contributions increased to level percent of payroll over 10 years to reach 80% funded by 2040. |
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Pension benefit accrual rate reduced from 2.4% to 2.2% and employer contributions increased to level percent of payroll over 10 years to reach 90% funded by 2040. |
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Retirement age increased by 5 years and employer contributions increased to level percent of payroll over 10 years to reach 80% funded by 2040. |
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Retirement age increased by 5 years and employer contributions increased to level percent of payroll over 10 years to reach 90% funded by 2040. |
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COLA for current employees changed to 3% simple or half of CPI(whichever is lower) and employer contributions increased to level percent of payroll over 10 years to reach 80% funded by 2040. |
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COLA for current employees changed to 3% simple or half of CPI(whichever is lower) and employer contributions increased to level percent of payroll over 10 years to reach 90% funded by 2040. |
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Basket of changes to pension benefit (2.2% accrual rate, retirement age increased 5 years, final average salary is last 8 years, reduced COLA) and employee contributions increased by 1%. |
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Basket of changes to pension benefit and 1% employee contribution increase. Employer contributions increase as a level percent of payroll to reach 80% funded by 2040. |
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Basket of changes to pension benefit and1% employee contribution increase. Employer contributions increase as a level percent of payroll to reach 90% funded by 2040. |
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Basket of changes only for current employees under the age of 50 and 1% employee contribution increase. |
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Basket of changes only for current employees under the age of 50 and 1% employee contribution increase. Employer contributions increase as a level percent of payroll to reach 80% funded by 2040. |
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Basket of changes only for current employees under the age of 50 and 1% employee contribution increase. Employer contributions increase as a level percent of payroll to reach 90% funded by 2040. |
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COLA for current employees changed to simple 3% of half of CPI whichever is lower. |
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COLA for current employees and retirees changed to simple 3% of half of CPI whichever is lower. |
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COLA for current employees frozen while funded status is below 80%. While frozen employees receive a COLA every fifth consecutive year. |
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COLA for current employees and retirees frozen while funded status is below 80%. While frozen employees receive a COLA every fifth consecutive year. |
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COLA for current employees changed to 3% simple or ½ CPI and frozen when funded status is below 80%. |
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COLA for current employees and retirees changed to 3% simple or ½ CPI and frozen when funded status is below 80%. |
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Basket of changes to current employee pensions. COLA frozen for current employees and retirees when funded status is below 80%. |
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Basket of changes to current employee pensions. COLA frozen for current employees and retirees when funded status is below 80%. Current employees contribute an additional 1% of salary. |
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Basket of changes to current employee pensions. COLA frozen for current employees and retirees when funded status is below 80%. Current employees contribute an additional 1% of salary. Vesting reduced to 5 years. |
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Basket of changes to current employee pensions. COLA frozen for current employees and retirees when funded status is below 80%. Employer contributes an additional $25 million annually. |
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Basket of changes to current employee pensions. COLA frozen for current employees and retirees when funded status is below 80%. Current employees contribute an additional 1% of salary. Employer contributes an additional $25 million annually. |
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Basket of changes to current employee pensions. COLA frozen for current employees and retirees when funded status is below 80%. Current employees contribute an additional 1% of salary. Vesting reduced to 5 years. Employer contributes an additional $25 million annually. |
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Basket of changes to current employee pensions. COLA frozen for current employees and retirees when funded status is below 80%. Employer contributes an additional $50 million annually. |
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Basket of changes to current employee pensions. COLA frozen for current employees and retirees when funded status is below 80%. Current employees contribute an additional 1% of salary. Employer contributes an additional $50 million annually. |
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Basket of changes to current employee pensions. COLA frozen for current employees and retirees when funded status is below 80%. Current employees contribute an additional 1% of salary. Vesting reduced to 5 years. Employer contributes an additional $50 million annually. |
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Basket of changes for current employees. COLA changed for retirees to 3% simple of ½ CPI. |
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Basket of changes for current employees. COLA changed for retirees to 3% simple of ½ CPI. Employee contributions increased by 1%. |
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Basket of changes for current employees. COLA changed for retirees to 3% simple of ½ CPI. Employee contributions increased by 1%. Vesting time lowered to 5 years of service. |
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Basket of changes for current employees. COLA changed for retirees to 3% simple of ½ CPI. Employer contribution increased by $25 million. |
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Basket of changes for current employees. COLA changed for retirees to 3% simple of ½ CPI. Employer contribution increased by $25 million. Employee contribution increased by 1%. |
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Basket of changes for current employees. COLA changed for retirees to 3% simple of ½ CPI. Employer contribution increased by $25 million. Employee contribution increased by 1%. Vesting time lowered to 5 years of service. |
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Basket of changes for current employees. COLA changed for retirees to 3% simple of ½ CPI. Employer contribution increased by $50 million. |
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Basket of changes for current employees. COLA changed for retirees to 3% simple of ½ CPI. Employer contribution increased by $50 million. Employee contribution increased by 1%. |
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Basket of changes for current employees. COLA changed for retirees to 3% simple of ½ CPI. Employer contribution increased by $50 million. Employee contribution increased by 1%. Vesting time lowered to 5 years of service. |
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Senate Bill 512 as introduced in May 2011. Employer contribution is frozen at 2009 levy amount. |
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Senate Bill 512 as introduced in May 2011, but employer contribution remains at current statutory multiple of 1.54. |
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Basket of changes to current employees. Employer contribution increased by $50 million annually. |
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