Approve additional 3% cost of living increase for city retirees
Resolution 123-06
In Plain English
City retirees currently receive pension payments from the General Pension Fund. The proposed increase would boost these monthly payments by 3% to help offset inflation. If approved, retirees see higher monthly checks starting with their next payment.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
PassedSimilar Discussions
5 related items found by meaning
Approve 5% cost-of-living increase for city retirees
Approve 5% cost-of-living increase for city pension recipients
Approve 5% cost of living increase for city retirees
Give 3% cost of living raise to city pension recipients
Approve 5% cost of living increase for retired city employees
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