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PERA Board Meeting February 10

We monitored the February 10 PERA Board meeting. 

It was reported to them that the 911 Telecommunicator Pension Benefits Working Group did not reach consensus on increasing 911 Telecommunicator pension benefits.

The PERA Board also approved actuarial studies to study increasing COLA's (Cost of Living Adjustments) due to pressure from high inflation. It was discussed raising Police and Fire and General Plan to 2.5% and removing the 2.5% cap on the Correctional plan to 100% of inflation.

The actuarial studies will most likely take place over the summer.

These are not recommendations, but studies being done to see if increases to COLA's are feasible.

It is our hope this is able to be done in light of current high inflation.

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