Retiree COLA code rescission
Danville TransitVirginia- Detected
- Nov 17, 2026
- Sector
- Payroll and Pension
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From the meeting
At the October 20, 2026 work session, Council reviewed the financial impact of possible retiree cost of living adjustments (COLAs). Assistant City Manager/Chief Financial Officer Michael Adkins and actuary Craig Stump said Council was only being asked to rescind the code that prevents a future COLA decision. They said any COLA change would affect the retirement system cost and would not be implemented before the 2027 budget.
Council agreed to place the code rescission on an upcoming agenda.
- Meeting date
- November 17, 2026
- Agency
- Danville Transit
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