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.
