Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Retirees ask Waco council for retroactive 70% COLA, cite poverty among pensioners
Summary
A representative for more than 1,200 Waco retirees urged the council to adopt a retroactive 70% cost-of-living adjustment (COLA) and an ongoing COLA, citing years of no adjustments and poverty statistics among retirees.
WACO, Texas — During the hearing of visitors at the May 20 Waco City Council meeting, Sharon Veil Heatherington, speaking for more than 1,200 retired city employees, urged the council to adopt a retroactive 70% cost-of-living adjustment (COLA) for one year and to implement a permanent COLA going forward.
Why it matters: Retiree pension adjustments are governed by the Texas Municipal Retirement System (TMRS) and affect retired city employees’ annuities. Heatherington said long periods without COLA increases have pushed hundreds of retirees and their…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
