Give 3 retired city workers 5% pension increase for 2024

Labor & City WorkersPersonnel

In Plain English

The city has 3 retired workers who receive pensions from an old pension fund that closed in 1953. They currently get automatic 2% annual increases. If approved, they receive an additional 3% increase for a total 5% raise in 2024. The extra cost is $7,234 annually.

Auto-generated summary. Source: official agenda documents.