Election Results – Open Member Seat
I am pleased to announce that the results of our recent election are in!
2025 Cost of Living Adjustment
At the September 11, 2025, Board meeting, the Retirement Board carefully reviewed the Cost-of-Living Adjustment (COLA) for the upcoming year. After extensive discussion, the Board made the difficult decision not to elect a COLA at this time.
This decision was not made lightly. A variety of factors were considered, including economic conditions, the long-term outlook of the plan, and our fiduciary responsibility to all members. Ultimately, the Board’s top priority is to keep the Retirement System Actuarially Sound so it remains strong and sustainable for both current and future retirees.
We recognize the impact this decision may have, and we want to assure you that the Board remains committed to balancing the financial well-being of our retirees with the long-term health of the System.
If you have any questions, please do not hesitate to contact me at (816) 482-8157 or [email protected].
Social Security Announces Expedited Retroactive Payments and Higher Monthly Benefits for Millions
Yesterday, the Social Security Administration announced that it is immediately beginning to pay retroactive benefits and will increase monthly benefit payments to public sector workers whose benefits have been affected by the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO).
Research Quantifies the Broad Economic Impact of Pension Payments
Public and private sector defined benefit pension fund payments added $224.3 billion in tax revenue to the U.S. economy in 2022, according to the National Institute on Retirement Security. Research Quantifies the Broad Economic Impact of Pension Payments | PLANSPONSOR