Chicago police sergeants getting raises

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An arbitration ruling is giving raises to Chicago Police sergeants.

The city’s 1,100 sergeants are getting 8 percent raises over four years.

The raises are retroactive to July of 2012 and will cost the city  two million dollars.

Some retirees will be paying for health coverage for the first time.

Those who retire before they’re 60, will pay two percent of their pension checks toward insurance.

Older retiring sergeants will still get free health care.

“The arbitrator’s award is a fair and balanced decision that recognizes the city’s fiscal challenges by providing important financial relief to taxpayers while granting a modest but respectful wage adjustment for the members of the sergeants union,” Mayor Rahm Emanuel’s spokeswoman Sarah Hamilton said in a statement.

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