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The board approved Oscar Padilla’s regular retirement benefit of $5,402.12 per month, approved 2026 cost-of-living adjustments for pensioners, and updated authorized representatives for pension fund accounts.
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The board approved a retirement benefit for Oscar Padilla based on 21 years of credited service, with an annual pension of $64,825.44. It also approved required 2026 cost-of-living adjustments for current pensioners. The fund reported $13,099,461.08 held in trust as of January 31, 2026, and two pensioner eligibility affidavits remained outstanding.
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