Employee retirement COLA analysis
City of DanvilleVirginia- Detected
- Oct 20, 2026
- 8 days ago
- Sector
- Payroll and Pension
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From the meeting
At the October 20, 2026 work session, Greg Stump of Boomershine Consulting Group was scheduled to present how cost of living adjustments (COLAs) would affect the Danville Employee Retirement System. The staff report said the analysis would cover annual recurring cost and plan funded status and would inform any City Code changes and FY 2028 budget directives. This is a pension-cost planning trigger, not a procurement award.
The key next step is council review of the actuarial findings.
- Meeting date
- October 20, 2026
- Agency
- City of Danville
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