Approve 5% cost-of-living increase for city retirees

Labor & City WorkersPersonnel

Resolution Resolution No. 3-10

In Plain English

City retirees currently receive pension payments from the General Pension Fund. This increase combines a 3% annual adjustment with a 2% minimum boost. If approved, monthly pension checks rise by 5% starting next year to help retirees keep up with rising costs.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: Councilmember BatesSeconded by: Councilmember Rogers
Passed