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The board approved 2026 cost-of-living increases for pensioners and authorized a $41,708.18 payment to the Aurora Police Pension Fund for Damion Woods’s transferred service credit.
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The Pension Board approved the yearly cost-of-living adjustments required for retirees, which helps pensions keep up with rising prices. It also approved a payment to another pension fund tied to one officer’s transferred service credit, meaning that service will no longer count toward Montgomery Police Pension Fund benefits. The board also approved $69,533.38 in bills and said questions about excess contributions from holiday pay need more auditing before any money is returned.
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