COLA and Pension workgroup update

 PERA has announced the 2022 COLA (Cost of Living Adjustment). 

General Plan: 1.5%

Police & Fire Plan: 1.0%

Correctional Plan: 2.5%

Sadly inflation is still outrunning the COLA's. Inflation is currently at 5.4%!

The next 911 Dispatch Pension Workgroup is scheduled for November 9th. 

By then more surveys should be in from various groups. No agenda is out yet for that meeting.

I did run across an interesting Minnesota  Policy regarding Pensions. Under Minnesota Statutes 353.63.

I'll be curious to see how this goes over at the next meeting!