Home Page : Archive News : November 2012 News : Pension loophole could mean $500,000 more for ex-Grayslake cop

Pension loophole could mean $500,000 more for ex-Grayslake cop

November 14, 2012

A loophole in the state's police pension law could cost Grayslake taxpayers an extra $500,000 over the next 20 years that would benefit just a single former police sergeant. Former Grayslake Police Sgt. Conrad Gutraj is entitled to not just one annual 3 percent cost-of-living pension increase, but two, a Lake County judge has ruled.

Source: http://www.dailyherald.com/article/20121114/news/711149942/
 
Related Updates