07/23/2009

Chicago lowers police retirement age 5 years

By Fran Spielman
Chicago Sun-Times

CHICAGO — Chicago Police officers could retire with premium health benefits at age 55, instead of 60, under a deal reached Wednesday that could save the city $23 million and pave the way for an infusion of younger officers.

Nearly 700 officers currently fall between the ages of 55 and 60 and could be lured into retirement, if only they were guaranteed affordable health care, said Fraternal Order of Police President Mark Donahue.

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