Approve 5% cost of living increase for city pension recipients
Resolution 146-21
In Plain English
The city gives annual cost of living raises to retired employees who receive city pensions. This year's increase is 5%, made up of 3% plus a guaranteed minimum of 2%. The city adopted this policy in 2021 to help retirees keep up with inflation.
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Votes
Approve consent calendar
7 to 0
Similar Discussions
5 related items found by meaning
Increase pension payments by 5% for retired city employees
Give pension recipients 5% annual cost-of-living increase
Give pension recipients 5% annual cost of living increase
Approve 5% cost of living increase for city pension recipients
Approve 5% cost of living increase for General Pension Fund retirees
The Story So Far
10 prior discussions on this topic
Meet privately with union negotiators to discuss employee contracts
Meet privately with union representatives to discuss employee contracts
Approve new 3-year contract with firefighters union covering wages and benefits
Approve hiring temporary fire department supervisors and add other city positions
Receive presentation on Rent Board staffing levels and recruitment
Setting Tax Rate for the Pension Tax Override Fund for Fiscal Year 2026-27
Annual Public Hearing on Vacancies
Hold closed-session meeting to discuss contract negotiations with 6 employee unions
Receive 4 February financial reports on investments, overtime costs, property taxes, and retirement benefits
Receive monthly financial reports for January 2026