At the arbitration hearing, the parties present their case to the arbitration panel and the arbitrators make a monetary award based on the evidence. The Union's method of calculating total cash compensation is not one that is commonly used in the interest arbitration decisions that I have read.Arbitration is a mandatory but non-binding informal hearing where a neutral arbitrator, or panel of arbitrators, is selected to hear the evidence in your case. ("Village" or "Lansing") and the Illinois Fraternal Order of Police Labor Council. In any court or arbitration proceeding which arises out of the same accident, or which should otherwise be joined in the action being filed . If the court determines that the 2 previously selected arbitrators cannot reach agreement.