Give pension recipients 5% annual cost-of-living increase

Labor & City WorkersPersonnel<UNKNOWN>

Resolution Resolution No. 1-13

In Plain English

The city provides annual cost-of-living adjustments to retirees in the General Pension Fund. Current recipients get a guaranteed 2% minimum increase each year. If approved, they receive an additional 3% boost for a total 5% increase to help offset inflation.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: Councilmember BoozéSeconded by: Vice Mayor Rogers
Passed

6 to 0

Nathaniel BatesAye
Jovanka BecklesAye
Corky BoozéAye
Tom ButtAye
Jim RogersAye
Gayle McLaughlinAye