Increase pension payments by 5% for retired city employees

Labor & City WorkersPersonnelAppropriation

In Plain English

The city provides annual cost of living adjustments to retired employees who receive pensions. This year's increase combines a 3% standard adjustment with an additional 2% minimum boost. Current retirees will see their monthly pension checks rise by 5% total.

Auto-generated summary. Source: official agenda documents.

Votes

Adopted Resolution No. 103-19

Passed

Community Discussion

This discussion was submitted to the City Clerk as part of the public record.

Comments are submitted to the Richmond City Clerk before the meeting. By commenting, you agree to have your name and comment included in the public record.