Grayslake Pension Loophole Means Taxpayers Owe $500k more over 20 years

While lawmakers devise reforms for the state’s pension system, they should address loopholes that turn the system into a goldmine for a few select employees. Grayslake taxpayers will pay an extra $500,000 over the next 20 years thanks to a state pension law loophole that will benefit just a single former police sergeant, who is entitled to not just one annual 3 percent cost-of-living pension increase, but two, a judge ruled.

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