Committee splits over COLA design: 1% guarantee vs. rolling-average trigger
Members compared two COLA approaches — a guaranteed 1% (capped at $500) versus a 5-year rolling-average tied to plan performance — and debated which better protects lower-paid employees while maintaining solvency.
The full story
Committee members focused significant attention on competing cost-of-living adjustment (COLA) mechanisms and their projected fiscal effects.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
or
Free account
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in