Cost of Living Increase for retirees

The cost of living increase, approved by the Board earlier this year, and effective as of 7/1/2011, has been added to the July retirement benefit for all retirees with an effective retirement date of June 30, 2010 or prior.  The increase is equal to 3% of the annual benefit up to a maximum of $390 annually, or $32.50 monthly.

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