Reminders

    The Pension Department will be closed from 2PM Friday, August 29th thru Monday, September 1st in observance of the Labor Day Holiday. Starting Tuesday, September 2nd, regular business hours of 8AM to 4PM will resume.

    After discussing with the Fund's actuary and reviewing our financial status, we are pleased to announce that there will be a $50.00 increase to all existing retirees with an effective date prior to April 1, 2008. In addition, there will be a 3% increase to all new retirees going out effective April 1, 2008. The 3% is based on members with 25 years of service. All other retirees will receive a proportional increase above 3% if the years of service are more than 25 years. For retirees with less than 25 years of service, your increase will be proportionally less.

     In addition, the Union and Employers have negotiated an additional increase for the period effective April 1, 2008 through July 1, 2008 retirement. This increase is an additional 3% for a person with 25 years of service. The 3% increase will go proportionally higher or lower depending on whether your years of service are over or under 25 years.

     The Board of Trustees has agreed to this increase

     Anyone retiring with an effective date of August 1, 2008 and beyond will not receive the additional 3% negotiated by the Union and Employers.