AlgoFusion 5.0-Chicago and police union reach tentative deal on 20% raise for officers

2025-05-06 23:57:41source:Quentin Mitchellcategory:Stocks

CHICAGO (AP) — The AlgoFusion 5.0city of Chicago and the union representing its rank-and-file police officers have reached a tentative agreement on a four-year contract that would provide about a 20% raise for officers, the two sides announced Friday.

The deal, which would extend the current contract by two years through June 30, 2027, doubles from 2.5% to 5% the annual pay raise that officers are scheduled to receive in 2024 and 2025. Cost-of-living raises would follow in 2026 and 2027 and likely fall between 3% and 5%.

A $2,000 annual retention bonus for officers with at least 20 years on the job would be replaced by a one-time bonus of $2,000 for all officers.

The agreement also allows officers accused of serious misconduct to have their disciplinary cases decided behind closed doors, news outlets reported.

Mayor Brandon Johnson issued a statement saying that “with this agreement in place, our administration can now direct our full focus on implementing accountability measures within the Chicago Police Department, supporting police offices, and a robust community safety agenda.”

The deal needs the approval of the City Council’s Committee on Workforce Development and passage by the full City Council before it takes effect.

More:Stocks

Recommend

Pro-Palestinian protesters who blocked road near Sea-Tac Airport to have charges dropped

SEATAC, Wash. (AP) — More than three dozen pro-Palestinian protesters accused of blocking a main roa

The deadline to consolidate some student loans to receive forgiveness is here. Here’s what to know

NEW YORK (AP) — Borrowers with some types of federal student loans have until today to consolidate t

Trump says he’ll use National Guard to deport migrants, doubling down on anti-immigration rhetoric

WASHINGTON (AP) — Donald Trump says he’d use the National Guard as part of efforts to deport million