For example, for the state itself, the annual employer pension contribution now costs a record-high nearly $7 billion. Other employee raises vary by individual pay grade midpoints. The increase was mainly due to higher prices for gasoline (2.6 percent). PERA benefit recipients will receive an annual Cost of Living Adjustment (COLA) in January 2022. The values in brackets refer to the cost of the living index where 100 reflects the national average. ... MORE: Inflation in United States jumped 8.5% … For most retirees and beneficiaries, the increase will amount to a 2 percent cost-of-living-adjustment. A similar increase of 5.8% occurred last in 2008, during the global financial crisis! The L&I COLA for 2021 -2022 will be 10.1%. The first option proposed would be to increase DWP benefits as if they had received a 10% increase in April 2022, instead of the 3.1% actually applied. May 17, 2022 Social Security: Cost-of-Living Adjustments (COLAs) and the System’s Projected Financial Shortfall Recent news articles have suggested that the historically large 5.9% cost-of-living adjustment (COLA) payable in January 2022 will have a negative impact on the projected financial shortfall of the Social Security programs. For example, someone who makes $50,000 per year in Cleveland, Ohio would need to make $127,570 in New York City (Manhattan), New York to keep up with the cost of … The value 100 defines the average cost of living throughout the whole United States and anything below that means … While people on Social Security received a 5.9% increase this year, the average annual increase for workers in January was less, 5.5%. For most retirees and beneficiaries, the increase will amount to a 2 percent cost-of … Cost of Living Adjustment for State Employees. A gallon of gas cost an average of $4.63 in the Golden State on Wednesday, with some cities — including San Francisco, Oakland and Sacramento — notching their highest-ever recorded average gas price in the past week. The adjustment percentage is applied only to the first $18,000 of your Single Life Allowance, even if you selected a different option at retirement. 2022 Cost of Living Calculator: Dallas, Texas vs Seattle, Washington. Posted on 11/03/2021. For most retirees and beneficiaries, the increase will amount to a 2 percent cost-of-living-adjustment. 3% cost of living adjustment on the first $44,000 of pension income for PERS 1 retirees will go into effect July 1, 2022. Estate Planning Members get 10% off their trust, will, or guardianship estate plans. Tuesday, November 9, 2021. The CPI for 2022 will increase by 5.94 percent. These increases will be reflected in the benefit payments scheduled to be distributed July 29, 2022. On August 12, 2021, MainePERS Board of Trustees adopted the 2021 cost-of-living adjustment (COLA) using the Consumer Price Index – Urban Consumers (CPI-U) rate compiled by the U.S. Department of Labor’s Bureau of Labor Statistics on June 30, 2021, as the basis for COLA for all pension plans to which it applies. Here is how the home prices and values stack up in the top 3 most popular cities in Colorado. Social Security Administration. The move would cost the government £3.1billion and mean the 4.2million households struggling with the cost of living crisis would earn an average of £729 a year. The changes are based on changes in the cost of living. Osage Nation tribal employees will receive a 10 percent cost of living increase starting this month. The 2022 increase is also be over four-and-a-half times the 2021 COLA increase! 26.00. That’s “an increase of 3.5 percent from last month and a 20.6 percent increase from the previous year,” the realtors’ report noted. If Our free cost of living calculator allows you to compare the cost of living in your current city to another city you might be interested in moving to. The cost-of-living increase is 5.9 percent for monthly benefits under title II and for monthly payments under title XVI of the Act. These increases will be reflected in the benefit payments scheduled to be distributed July 29, 2022. Contact Us (800) 348-7298, Ext. In April, eligible Georgia College employees will begin receiving a … … Mississippi ranked as the No. Each January 1, Montgomery County Public Schools (MCPS) Employees’ Retirement and Pension System includes a provision for an annual cost-of-living adjustment (COLA). Keller said the plan is to look at inflation quarterly … Effective April 1, full-time, salaried/12-month employees will receive a pay adjustment of $416.66 a month. Governor Hogan Announces Historic Agreements with State Employee Unions. The national average is 100, so when you look at a place’s COL Index you can instantly see how much more or less you’ll have to pay to live there. Posted: March 23, 2022. The annual COLA rate will not be less than four percent or more than five percent, until the total increase equals 65% of your initial benefit (65% COLA cap). We determined a 5.9-percent COLA on October 13, 2021. All regular, benefits-eligible faculty and non-academic staff of the University System of Georgia Board of Regents who are actively employed on April 1, 2022, will be eligible to receive a … In short, L&I benefits are going to increase by a little over 6% this year. COLAs serve to … ... VCERA pays an annual cost-of-living adjustment (COLA) to retirees in certain membership categories. 2022 Cost of Living Calculator. Updated: May 11, 2022. The COLA is calculated according to RCW 41.26.440 dividing the CPI (regional Seattle-Tacoma-Bellevue (CPI-W)) for the calendar year before retirement and the prior year. After accounting for a 5.35 percent statutory cost‑of‑living adjustment (COLA), deposits into the Proposition 98 reserve, and various other adjustments, we estimate the Legislature has $9.5 billion in ongoing funds available for allocation in 2022‑23. Most state retirees and all school … Cost of Living Index 2022 New York, NY Prague Sydney London Berlin Beijing Delhi Rio de Janeiro Tokyo 0 25 50 75 100. The projections for 2022 salary increase budgets jumped almost a full percentage point, from 3 percent in April to 3.9 in November. Housing can be expensive in Delaware, with both home values and rental costs higher than the national median. The median cost of a single family home in Reno and Sparks has jumped to $595,000. Based on the statutes governing Cost of Living Adjustments (COLA) for CTRB members, the Connecticut Teachers’ Retirement Board will be … The cost-of-living adjustment (COLA) for September 2022 through August 2023 benefit payments is 3%. The company found that the weekly costs per person, without rent, come to £154.74 in total, £3.79 more than the national average. A. DJUSTMENT . a. • Otherwise assume all deductions and retirement account contributions are … But the tab would have to be increased by another $2 … “Latest Cost-of-Living Adjustment.” Accessed Dec. 5, 2021. R. ... IVING . Adding in the North Valleys shows that number is $630,000. That would be the most since 1981. This leaves just £30.41 from the New … The approved raise will equate to $3,950 per teacher, plus $1,000 in the incentive payment, for a total of $4,950 per teacher. Most employer contracts set the COLA as a maximum of 2% of your retirement base pay. The following list provides the top 5 states with the highest and lowest costs of living in 2022. The state's minimum wage has been $9.25 since 2019, but will increase to $10.50 on Jan. 1, 2022. A Cost-of-Living Adjustment (COLA) is an increase to the pension benefit of a retiree or beneficiary (annuitant) that is meant to assist with rising inflation costs. Family of four estimated monthly costs: $4,874. Post April 21, 2022. Included in the budget is a 4% cost of living adjustment in form of a pay raise. Social Security benefits can increase from one year to the next. In 2022, seniors are getting a 5.9% cost-of-living adjustment. You should expect a higher benefit in the coming year, but you may be disappointed in what it amounts to. Social Security tends to undergo changes from year to year. In the wake of very challenging times for many in the campus community, there is good news to share. That’s an increase of 26% from a year ago. It's the first time in 5 years that workers' compensation rates have gone up, but on average, premiums in 2022 would still be less than in 2017. 6150 [email protected] ... 2022 … Cost-of-living adjustments (COLA) are effective Jan. 1 of each year for eligible benefit recipients. The 3.1% overall average rate increase is driven by cost-of-living adjustments for pensions, which were triggered by an increase in the state's average wage. Cost of Living Adjustment A valuable feature of your PERA benefit is that it increases annually to help offset inflation. Cost of Living scores and indexes are a way to compare the overall price of goods and services between different areas of the United States. Cost of living adjustment for state employees . According to Zillow, the median price for a home in Colorado at the beginning of 2022 is $569,952 (an increase of more than $150,000 in the past two years). • Adults: 1 = Single, Adults: 2 = Married filing jointly. As you may know, the Governor and Legislature have approved a cost-of-living adjustment (COLA) as part of the Commonwealth’s FY2022 budget. ... 2022. Retirees to receive 3% COLA beginning July 2022 Retired teachers and state employees who have been on the TCRS retired payroll for at least 12 consecutive months as of July 1, 2022 will receive a 3% cost-of-living adjustment, the highest increase available under laws governing TCRS. This yearly L&I COLA increase is determined by the … 2022 Cost-of-Living Adjustment. 25 Mar 2022 University Senate Meeting (Reports from President and Provost) Page 1 of 9 . Posted: March 23, 2022. Looking back at 2021, the average salary … Eligible payees (retirees and beneficiaries) of the Maryland State Retirement and Pension System will notice a boost in their monthly … APPROVED: A 1.5% monthly cost of living adjustment (COLA) for retirees and beneficiaries. The Governor announced a 2 percent cost-of-living-adjustment (COLA) in pay … By Molly Friedman, Esq., 301.563.6685 Starting in 2022, benefits payable for Social Security Disability (SSD) and Supplemental Security Income (SSI) will automatically increase by 5.9%. Hourly rate increase of $2.40385. This implies that the cost of living in Hawaii is above the national average by 96.3%. This can be paid upfront in full or prorated monthly. While the new state pension rate is £185.15 per week, or £9,600 a year, the minimum income standard, for an acceptable standard of living, is £12,800 a year. Get personalized advice from a credentialed financial planner–at no cost. Full-time 9/10 month faculty will receive a pay adjustment of $500.00 per month to … The Maryland State Retirement Agency has announced the cost-of-living adjustment to be applied in July 2022. The percentage increase in an allowance will be made on the full amount of an allowance up to a base of $12,000. Keeping a roof over your head in Georgia can be expensive, but it can also be pretty darn affordable. General retirees receive 50% of the Social Security increase, but not less than 1.0% or greater than 1.5%. The next inflation update is scheduled for release on June 10 at 8:30 a.m. A retirement board, with the approval of the local legislative body may increase the COLA base incrementally beyond the $12,000 level. New study sheds light on 2022 cost-of-living crisis; living wage out of reach for many Americans. For the abovementioned employee, the calculation would be as follows: 40,000 x 0.02 = 800. The COLA will be in effect for payments beginning in January 2022 for SSD benefits and payments made on … Start the day smarter ☀️ Notable deaths in 2022 Navigating COVID-19 Virus numbers by state We will announce the next COLA in October 2022. A cost of living comparison can provide guidance about how an increase or decrease in these basic living expenses impacts necessary spending for an individual or a … A similar increase of 5.8% occurred last in 2008, during the global financial crisis! 25 Mar 2022 University Senate Meeting (Reports from President and Provost) Page 1 of 9 . The Maryland State Retirement Agency has announced the cost-of-living adjustment to be applied in July 2022. In April, eligible Georgia Tech employees will … This year’s COLA … 2022 Cost-of-Living Adjustment Coming in May. At the October 25, 2021 PSRS/PEERS Board of Trustees meeting, the Board voted to grant a 5% cost-of-living adjustment (COLA) for eligible benefit recipients effective January 1, 2022. Cost of living is the amount of money needed to support a basic standard of living. Between March 2021 and March 2022, home prices increased by nearly 21 percent, according to CoreLogic, and some markets are especially hot. Of course this is all relative because if inflation in the broader economy is higher than this, the raise will be quickly eaten up the higher cost of goods and services. All regular, benefits-eligible faculty and staff of the University System of Georgia who are actively employed on April 1, 2022, will be eligible to receive this $5,000 increase to … New York, NY. 2022 Cost of Living Calculator. Social Security will get big COLA boost in 2022, but Medicare, income tax implications could be severe for seniors FingerLakes1.com 25 days ago Social security checks to American seniors are about to increase in 2022. But it might not all be good news for those collecting social security benefits. April 21, 2022. The board also approved the FY2023 budget. The law requires that COLA payments be calculated based on 50 percent of the annual rate of inflation, measured at the end of the State fiscal year (March 31). The Defense Department released the 2022 Continental United States Cost-of-Living Allowance rates, which take effect Jan. 1, 2022. City. Social Security payments could increase 8.6% in 2023 for about 70 million retirees, disabled people and others. This is due to the annual Cost-of-Living Adjustment (COLA). 1 least expensive state to live in, driven by not just low housing costs, but also cheaper itemized … ... MORE: Inflation in United States jumped 8.5% in past year, highest since … January 1, 2022 federal cost-of-living adjustment (COLA) for Title II Retirement, Survivors and Disability Insurance (RSDI) Social Security benefits and Title XVI Supplemental Security Income (SSI) benefits has been set at 5.9%. 6 areas where inflation could hurt Oklahomans' wallets in 2022. Brian Kemp and the state's General Assembly includes a $5,000 … workers, the following industries had the highest year-over-year wage growth in Q1 2020: 4 Arts, Entertainment & Recreation: 2.9%Technology: 2.7%Transportation & Warehousing: 2.7%Real Estate: 2.6% The rate varies each year. This is the basic wage needed to pay for housing, food, and necessities. The Social Security Act sets the formula that is used to determine each COLA. 2023 COLA (Cost-of-Living Adjustments) Increase Watch. Other employee raises vary by individual pay grade … Start the day smarter ☀️ Notable deaths in 2022 Navigating COVID-19 Virus numbers by state In April, eligible Georgia College employees will begin receiving a $5,000 Cost-of-Living Adjustment (COLA) recently approved by Governor Kemp and state legislators. Social Security payments could increase 8.6% in 2023 for about 70 million retirees, disabled people and others. Cost of Living Increase in 2022. The national … New study sheds light on 2022 cost-of-living crisis; living wage out of reach for many Americans. Cost of Living Adjustment A valuable feature of your PERA benefit is that it increases annually to help offset inflation. It is … A retiree who has been retired at least one year as of July 1, 2022, qualifies for this year’s COLA. The April CPI-W (284.575) increased over the last 12 months by 8.9%.Since April 2021, the all … close. 2022 Cost of Living Calculator: ... Washington Change Places . Public safety, corrections, and elected officials plan retirees and surviving beneficiaries will receive benefit increases in July. The Washington State Department of Labor & Industries (L&I) is set to release the workers’ comp benefits schedule for 2021-2022. Hourly rate increase of $2.40385. After you reach 65% in accumulated COLAs, your annual COLA rate will be equal to 80% of the increase in the CPI-U, with an annual maximum of five percent. Main measures taken due to the cost of living increase in Great Britain 2022 Annual cost of living in top 10 largest U.S. cities in 2022 … We call such increases Cost-Of-Living Adjustments, or COLAs. However, those who retired less than one year ago will receive a prorated increase based on the starting date of their retirement. This May, all CalPERS retirees who retired in 2020 or earlier will receive an increase to their cost-of-living adjustment (COLA). 2022 Cost of Living Calculator: ... Washington Change Places . The cost of housing in Idaho is more expensive than the United States average and earns a score of 4 out of 10. a. The following are collected for use in determining the cost of housing score: square footage, monthly rent, home prices, and utilities. For the year 2022, annuitants who retired under CSRS will receive 5.9 percent increase and those who retired under FERS will receive a 4.9 percent increase. First off, when initially moving into an assisted living facility, you’ll need to shell out a fixed fee that can range from $1,000 to $5,000. Included in the budget is a 4% cost of living adjustment in form of a pay raise. A. DJUSTMENT . States with the Highest Cost … The Thrifty Food Plan (TFP) calculates the cost of a market basket for a family of four. If the COLA is increased by this amount, it will be … Energy prices jumped 21.9 percent over the year, largely due to higher prices for gasoline (34.7 percent). Prior to the announcement of the official increase, several reliable sources estimated that the 2022 COLA rate would likely fall between 4.5 percent and 5.3 percent. Keller said the plan is to look at inflation quarterly along with the financial situation of CRW and make adjustments when needed. Cost-of-living adjustments (COLA) are effective Jan. 1 of each year for eligible benefit recipients. Keller said the 4% bonus in the form of a pay raise would cost the airport $223,000. … ... That means you want to keep a close eye on grocery costs. On one hand, there’s concern for hundreds of thousands of former employees who have already gone more than 10 years without seeing their pension checks increase to offset … Generally speaking, the cost of living in Vermont is relatively low, making the living wage in Vermont $16.43 per hour for a single adult. 2022 COLA & CPI Summary. Other employee raises vary by individual pay grade midpoints. Effective July 1, 2021, … The 5.9 percent cost-of-living adjustment … Cost of Living Calculator 2022. The Average Property Tax paid in Hawaii is around $1,324.00 per year for a home worth the median home value of $517,600. R. ... IVING . That would be the most since 1981. Cost of Living Index: 87.9; Groceries: 98.2; Housing: 70.1; Utilities: 100.7; Transportation: 92.7; Health: 91.2; Miscellaneous: 94.3; The living wage in Alabama. 2021-2022: Cost-of-Living Adjustment (COLA) and Workers’ Comp Benefits. Of course this is all relative because if inflation in the broader economy is higher than this, the raise will be quickly eaten up the higher cost of goods and services. Osage Nation tribal employees will receive a 10 percent cost of living increase starting this month. Boasting more than 4 million housing units, per 2019 U.S. Census Bureau data, Georgia’s average home value was $262,707 in late 2021. Tuesday, November 9, 2021. A retiree who has been retired at least one year as of July 1, 2022, … The seasonally adjusted CPI (consumer price index) from October 2020 to October 2021 for all items for the … Included in Budget. On January 1, 2022, state employees will receive a two percent COLA increase. This means that the employee would receive an $800 raise and would now make $40,800 annually. In 2024, it is set to rise to … Payday December 31, 2019 January 31, 2022 February 28, 2022 March 31, 2022 April 29, 2022 May 31, 2022 June 30, 2022 July 29, 2022 August 31, 2022 September 30, 2021 October 31, 2022 November 30, 2022 December 30, 2022. UPDATE: Highly Compensated Employee figure has been corrected to $130,000 for 2022. Last year, the cost of living change of 5.5% was also historically high. All regular, benefits-eligible faculty and non-academic staff of the University System of Georgia Board of Regents who are actively employed on April 1, 2022, will be eligible to receive a … • Number of children equals the number of dependents. House Bill 446. State of Maryland Workers’ Compensation Commission 10 East Baltimore Street Baltimore, Maryland 21202-1641 Web - https://www.wcc.state.md.us Email - [email protected]state.md.us ANNUAL COST OF LIVING ADJUSTMENT (COLA) Section 9-638 of the Labor and Employment Article provides for an annual cost of living adjustment (COLA) for compensation paid The last retirement benefit raise, or Cost of Living Adjustment (COLA), provided to KPPA retirees took effect in July 2011. CalPERS Cost-of-Living Adjustments for 2022 (COLAs) CalPERS has announced the following Cost-of-Living Adjustment for California State University retirees for 2022: Year of Retirement % COLA Increase Effective May 1, 2022; 2003 & … Led by a 22% increase in the cost of transportation, Wyoming’s cost of living in the fourth quarter of 2021 grew at the fastest annual rate seen in 40 years. Social Security Administration. 2022 Cost-of-Living Adjustment for Retirees in the State Teachers’ Pension Plan and Retirement Plans . Cost of living adjustment under an L&I claim. And prices are expected to continue rising in the next few years. The non-partisan Senior Citizen’s League, who each year predicts the annual cost of living adjustment (COLA) for Social Security benefits, recently increased its expected 2022 COLA from 4.7% to 6.1%. This is a historically high increase. By Jim Angell, Cowboy State Daily. This memorandum provides the federal fiscal year (FY) 2022 Cost-of-Living Adjustments (COLA) to the Supplemental Nutrition Assistance Program (SNAP) maximum … The changes mean the basic state pension will rise by £4.25 a week to £141.85 a week, with the full state pension going up £5.55 a week to … 14.39. If the BLS is trying to determine the COLA for January 2022, it needs two pieces of information: the CPI-W from the average for the third quarter of 2021 and the CPI-W from the average for the third quarter of the last year in which COLA became effective. 2022 Cost-of-Living Adjustment (COLA) and VA Compensation. Oklahomans should expect prices to rise in 2022 on many items, whether it's retail purchases, housing costs, average rent or the price of utilities. Missouri law states that a 5% COLA must be granted when the CPI-U equals or exceeds 5%, as does the PSRS/PEERS funding policy. Cost-of-Living Increases General. A salary of $72,000 in Washington, District of Columbia should increase to $95,931 in Bellevue, Washington … Current US Inflation Rates: 2000-2022. Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 5.9 percent in 2022. Social Security payments could increase 8.6% in 2023 for about 70 million retirees, disabled people and others. Cost of Living Index. The fiscal year begins on October 1st. The annual COLA will be at least 1 percent, but no more than 3 percent, of your benefit. Cost of Living in Hawaii. PPPA protects against inflation for those whose benefits fall below minimum levels established by law. The Cost-of-Living Adjustment (COLA) is a benefit to ensure your value of money at retirement keeps up with the rate of inflation. That would be the most since 1981. The company found that the weekly costs per person, without rent, come to £154.74 in total, £3.79 more than the national average. The approved raise will equate to $3,950 per teacher, plus $1,000 in the incentive payment, for a total of $4,950 per teacher. The State Teachers Retirement Board has approved a one-time 3% cost-of-living adjustment (COLA) to eligible benefit recipients effective July 1, … The State Teachers Retirement Board has approved a one-time 3% cost-of-living adjustment (COLA) to eligible benefit recipients effective July 1, 2022. AN ACT relating to a cost-of-living increase to the retirement benefits for retired state employees, making an appropriation therefor, and declaring an … You will receive credit for any Social Security COLAs occurring after you reached 62, and your PIA will be adjusted accordingly. So if your wife files at FRA, her unreduced spousal rate will start out at 50% of whatever your PIA is at that time, including previous COLAs and it will increase thereafter to reflect subsequent Social Security COLAs. Under title II, … This is a … If Governor Parson's FY 2022 supplemental budget is passed early by the General Assembly, state employees would receive an additional 5.5 percent COLA increase on February 1, 2022, along with increases for those making under $15 per hour and those affected by compression. The board also approved the FY2023 budget. 4/10. The raises will go into effect in employees’ first 2022-2023 paycheck. Secondly, you’ll have to pay monthly rent, almost like an apartment. Average Housing Costs in Georgia: $885 to $1,417 per month. For most retirees and beneficiaries, the increase will amount to a 2 percent cost-of-living-adjustment. COLA typically begins the second calendar year of retirement. Meanwhile, the cost of living in the UK surged by 5.1% in the 12 months to November - the highest increase in 10 years - Office for National Statistics data showed. What is the amount of the cost-of-living adjustment? PERS 2 and 3 retirees will also receive a 3% increase. The annual inflation rate for the United States is 8.3% for the 12 months ended April 2022 after rising 8.5% previously, according to U.S. Labor Department data published May 11. UPDATE: Highly Compensated Employee figure has been corrected to $130,000 for 2022. Plan General Plan: 1.5% Police & Fire Plan: 1.0% Correctional Plan: 2.5% Annual benefit recipient increases are determined by MN Statutes. The annual COLA is applied according to the yearly Consumer Price Index (CPI). Use this cost of living comparison tool to see how much housing, utilities and other basic living expenses vary from city to city. The increase is automatic for PERS 2 and 3, but must be authorized annually for PERS 1. These increases will be reflected in the benefit payments scheduled to be distributed July 29, 2022. General retirees receive 50% of the Social Security increase, but not less than 1.0% or greater than 1.5%. Summary of cost of living in Austin, Texas. Cost of living in Austin, Texas is more expensive than in 58% of cities in USA (19 out of 43) Cost of living in Austin, Texas is more expensive than in 63% of cities in N. America (22 out of 57) To learn more about the Ticket Program, visit choosework.ssa.gov or call the Ticket to Work Help Line at 1-866-968-7842 or 1-866-833-2967 (TTY) Monday through Friday, … ET. In Honolulu County, Oahu, property taxes are on average 0.28% of a property’s assessed fair market value. Cost of Living Adjustments (COLAs) for retirees and DROP participants in the Employees', Police Officers and Uniformed Retirement Systems, in the amount of 4.0%, will be effective July 1, 2022. Although the COLA paid to retirees of the Kentucky Public Pensions Authority comes from trust fund dollars and not the General Fund, the Kentucky General Assembly (and not the KPPA Board of Trustees or the Governor) actually holds the … Osage Nation tribal employees will receive a 10 percent cost of living increase starting this month. The approved raise will equate to $3,950 per teacher, plus $1,000 in the incentive payment, for a total of $4,950 per teacher. At its May 14, 2021 meeting, SDCERS’ Board of Administration approved the Cost of Living Adjustment (“COLA”) that will be applied to eligible SDCERS retirees’ (including … Hawaii is the state with the highest cost of living index at 196.3. Hourly rate increase of $2.40385. The cost-of-living adjustments help to ensure that your workers’ comp benefits will keep up with inflation. The Governor and 2021-2022 General Assembly have approved a $5,000 Cost of Living Adjustment (COLA) for state employees to be effective April 1, 2022. An increase of 3% will be added to the base benefit on the retirement date anniversary and each month thereafter.

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