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Eligible retirees to get 1.42% COLA starting June 1, 2026, board is told

City of Overland Joint Pension Board · May 7, 2026
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Summary

City Clerk Melissa Burton told the board the 2026 COLA will be set at 1.42% (60% of the 2.36% St. Louis CPI change) under Municipal Code Section 125.200, resulting in a total monthly increase of $1,199.23.

City Clerk Melissa Burton reported May 7 that eligible retirees in the Non-Uniform plan will receive a cost-of-living adjustment of 1.42% effective June 1, 2026, under Municipal Code Section 125.200.

"COLA will be 1.42%," Burton said, explaining the rate is 60% of the 2.36% change in the St. Louis Metropolitan Consumer Price Index used for the calculation. She told the board the adjustment produces a total monthly increase of $1,199.23 and an annual increase of $14,390.75 across the affected payments.

The board did not record further debate on the calculation during the meeting; the clerk's report set the effective date and fiscal impact for staff follow-up.