Title
Authorization to amend Section 6-53 of the Code of Ordinances, related to the City Employees’ Pension Fund, to provide for a three percent (3%) increase to each retiree or beneficiary’s base annuity, effective January 1, 2027, as approved by the City Employee’s Pension Fund Board on July 28, 2026. Funds are Budgeted. (L0908-26) (Allan/Hamilton)
Summary
Authorization to amend Section 6-53 of the Code of Ordinances, related to the City Employees’ Pension Fund, to provide for a three percent (3%) increase to each retiree or beneficiary’s base annuity, effective January 1, 2027, as approved by the City Employee’s Pension Fund Board on July 28, 2026. Funds are Budgeted. (L0908-26) (Allan/Hamilton)
Budgetary Implications [select]: Yes/No
Advance Document Review:
Law: { Select Yes/No, Completed by [Attorney Name, Date]}
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted [select]: Yes
Account Number: 5002-505004-0001-6XXXX
This Fiscal Year Impact: $
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance:
Body