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Owensboro approves 2.8% COLA for annuitants in two closed pension plans
Owensboro City Commission · December 3, 2025
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Summary
The commission approved two municipal orders granting a 2.8% cost-of-living adjustment for annuitants of a closed police-and-fire retirement fund and a closed city employees pension plan; one plan has no assets so the city funds payments from the general fund, while the other is financially sound and at no cost to the city.
The Owensboro City Commission approved two municipal orders on Sept. 2, 2025, to provide a 2.8% cost-of-living adjustment (COLA) to annuitants in two closed legacy retirement plans.
Municipal Order 28-2025 applies to the…
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