2010 Pension, 401, Retiree Benefits Increases
Increase in per year of service benefit from the current $25.00 to $32.00 on or after January 1, 2009 (a 165% increase since 2001 when the rate was $12.00 per year of service) Increase the 401 retirement contribution from the current $.57 to $1.00 effective the first payroll period in January 2010. Increase all retiree monthly payments by 5% in pay status as of December 31, 2008. Give all retirees an additional check for Christmas with a minimum of $350.00 in pay status as of December 31, 2008. »
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