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Police board approves raise for retiree payments

2 years 8 months 1 week ago September 11, 2014 Sep 11, 2014 Thursday, September 11 2014 September 11, 2014 2:54 PM in News
Source: WBRZ
By: Russell Jones

BATON ROUGE - State officials voted this week to approve the first permanent cost of living increase for law enforcement retirees in more than 10 years.

Wednesday's vote from the Municipal Police Employees Retirement System means eligible retirees, surviving spouses and disabled employees will see a 3 percent increase starting Nov. 1. That's a minimum of $20 extra each month.

The last permanent cost of living adjustment, a 2.7 percent increase, was passed in January 2002.

"It's important that we continue to support the men and women who spent their careers protecting the people of Louisiana," said Commissioner of Administration Kristy Nichols. "A permanent increase means they can better plan for the future."

Under state law, the board will not be eligible to give another cost of living adjustment for four more years.

 

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