Approve 5% cost of living increase for city pension recipients

Labor & City WorkersPersonnel

Resolution 95-18

In Plain English

The city provides pensions to retired employees through its General Pension Fund. Rising costs have reduced the purchasing power of these monthly payments. If approved, all pension recipients receive a 5% annual increase to help offset inflation.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: Councilmember RecinosSeconded by: Vice Mayor Willis
Passed

7 to 0

Thomas K. ButtAye
Jovanka BecklesAye
Ben ChoiAye
Eduardo MartinezAye
Jael MyrickAye
Ada RecinosAye
Melvin WillisAye