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Overland trustees set 1.42% COLA for eligible Non-Uniform retirees, effective June 1
Summary
City Clerk Melissa Burton told the Joint Pension Board that the 2026 St. Louis Metropolitan CPI rose 2.36%, producing a COLA equal to 60% of CPI (1.42%), with a reported total monthly increase of $1,199.23 and annual increase of $14,390.75 for beneficiaries.
City Clerk Melissa Burton reported the calculation and effective date for the 2026 cost-of-living adjustment for the Non-Uniform pension plan.
"COLA will be 1.42%. Total monthly increase is $1,199.23, for an annual increase of $14,390.75," Burton said. She explained the municipal code requires eligible retirees to receive 60% of the change in the St. Louis Metropolitan CPI (2.36%) and confirmed the COLA will be applied June 1, 2026.
Trustees did not record a separate vote on the COLA in the minutes; the change follows Municipal Code Section 125.200 and was announced as staff direction to implement the adjustment.
