Approve additional 3% cost of living increase for city retirees

Labor & City WorkersPersonnel

Resolution 166-05

In Plain English

City retirees currently receive a 2% annual increase to keep up with inflation. This adds another 3% on top, bringing the total 2006 increase to 5%. The extra money helps retirees whose pensions lose buying power as prices rise.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: Councilmember ViramontesSeconded by: Councilmember Marquez
Passed