Retirement board votes not to recommend midyear COLA, citing funded-ratio concerns
The St. Louis County Retirement Board voted 5-1 not to recommend a cost-of-living adjustment to the county executive, saying the plan—s market-value funded ratio remains below the board——s 80% threshold and recommending continued caution.
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The St. Louis County Retirement Board voted not to recommend a midyear cost-of-living adjustment (COLA) to the county executive after a protracted discussion of funding criteria and updated actuarial figures. Board member (speaker 11) moved "I would move to not recommend a COLA at this time," a motion the board seconded and passed with five members in favor and one opposed.
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