Approve 5% cost of living increase for city retirees
In Plain English
City retirees currently receive a 2% minimum annual increase in their pension payments. The city proposes adding an extra 3% increase this year for a total 5% boost. If approved, monthly pension checks increase to help retirees keep up with inflation.
Auto-generated summary. Source: official agenda documents.
Votes
Bring the matter back in two weeks with additional information that supports the contention that the pension amounts lost value over the years
5 to 0
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