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The board approved a new retirement benefit, two surviving spouse benefits, and the 2026 cost-of-living adjustments for pensioners. It also raised the monthly withdrawal from the investment pool from $375,000 to $400,000 and approved $29,115.57 in disbursements.
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The Police Pension Board approved several pension payments that affect current and future beneficiaries, including a new retirement benefit, survivor benefits, and annual cost-of-living increases. It also increased the fund’s regular monthly withdrawals from its investment pool to $400,000 so the pension fund can keep paying benefits and bills. Four pensioner eligibility affidavits were still missing, and the board authorized follow-up requests and possible conversion from direct deposit to paper checks if they are not returned.
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