File #: 25-4194    Version: 1 Name:
Type: Ordinance Status: Agenda Ready
File created: 7/25/2025 In control: City Commission
On agenda: 8/6/2025 Final action:
Title: An Ordinance of the City of Key West, Florida amending Chapter 46, Section 107 of the Code of Ordinances to provide for a 2% annual cost of living adjustment to provide for an increase in the monthly benefit to $1,000 for retirees who retired with more than 20 years of service whose current monthly benefit is less than $1,000; Providing for severability; Providing for repeal of inconsistent provisions; Providing for an effective date.
Sponsors: Brian L. Barroso
Attachments: 1. Ordinance, 2. Cover Memo, 3. Pension COLA Letter, 4. Teamsters Support Letter, 5. Updated COLA Study
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Title

An Ordinance of the City of Key West, Florida amending Chapter 46, Section 107 of the Code of Ordinances to provide for a 2% annual cost of living adjustment to provide for an increase in the monthly benefit to $1,000 for retirees who retired with more than 20 years of service whose current monthly benefit is less than $1,000; Providing for severability; Providing for repeal of inconsistent provisions; Providing for an effective date.