The Retirement Trust Board meeting held on September 18, 2025, in El Paso, Texas, focused on significant changes in employee contributions and salary increases affecting the city's retirement plan.

During the meeting, board members discussed a notable increase in employer contributions, which rose from $16 million to $24 million, marking an $8 million increase or a 50% rise compared to previous years. This increase is attributed to both a rise in employee headcount and salary adjustments following the pandemic.

Board members noted that the total number of employees contributing to the retirement plan increased from 42 to 63, indicating a recovery in staffing levels as the city filled previously vacant positions. Additionally, salary increases of approximately 20% were reported, particularly within the general services team, which has seen substantial compensation adjustments, including a raised minimum wage.

The board acknowledged the need for further analysis to determine the exact factors contributing to these increases, including whether they stemmed from wage hikes or simply a return to pre-pandemic staffing levels. The discussions highlighted the ongoing adjustments within the city's workforce and the implications for the retirement trust fund.

As the city continues to navigate post-pandemic recovery, the board's findings will be crucial in shaping future contributions and ensuring the sustainability of the retirement plan for city employees.