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ChatGPTClaudePerplexity· Resolution
Members approve Pension Plan Amendments 1 and 2
City staff reported that Pension Plan Amendments 1 and 2 passed, and the board accepted the results unanimously. In March 2025 staff told the board qualifying retirees should receive the COLA increase the following month. The Pension Review Board's plan data lists a 3.45% benefit multiplier and an ad hoc COLA provided on January 1, 2025.[1][2][3]
What the sources say
- ✓ Verified
"Amendments 1 and 2 all passed," City staff reported; the minutes do not give the vote counts. [1]
- ✓ Verified
On March 19, 2025 City staff told the board qualifying retirees should be receiving the COLA increase the following month. The Pension Review Board's plan data lists "Ad hoc COLA provided on 1/1/2025" and a Tier 1 formula of 3.45% times years of credited service times final average salary. [2][3]
