Approve 5% cost of living increase for city pension recipients

Labor & City WorkersPersonnelResolution

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

Passed

7 to 0

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