Owensboro Seal 02 300OWENSBORO, Ky. (12/4/13) - Several Owensboro organizations will see increases in pension funds effective Jan. 1, according to municipal orders passed by the Owensboro Board of Commissioners Tuesday night.

The Board of Trustees of the Police and Firefighters’ Retirement Fund met in special session on Nov. 21 and unanimously resolved to recommend a 1.5 percent cost of living increase, except for those receiving the minimum payment. The pension fund is no longer active, according to the Commission, and will only be used for those who already had the funds set up. This will cost an additional $14,000 annually and will be mostly for widows and the elderly.

The Board of Trustees of the City Employees’ Pension Fund also met in special ses-sion on Nov. 21 and unanimously resolved to recommend to the Owensboro Board of Commissioners that eligible annuitants receive a 1.5 percent cost-of-living in-crease, except for those receiving the minimum payment. This pension fund is also closed and the increase will cost less than $5,000.

There will be an Owensboro Board of Commissioners Work Session 12 p.m. Tuesday, Dec. 3.

Taylor Riley
SurfKY News

e-max.it: your social media marketing partner

LIKE SurfKY on Facebook - Click here to LIKE us now.

© Copyright 2015 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story on social media.

In Other News...

Annual Fireworks Display Heralds in Fourth of July Weekend

POWDERLY, Ky. (7/4/15) — Area rain didn't dampen the fireworks display Friday, July 3 at the Muhlenberg County… Read More

Most Read This Week

July 02, 2015 14822

Emergency Response Team on Scene of Standoff on…

by Doreen Dennis, SurfKY News
July 02, 2015 7226

Police: Stand Off Suspect in Critical Condition

by Doreen Dennis, SurfKY News
June 29, 2015 5472

UPDATE: Victim of Home Invasion/Homicide Died of…

by SurfKY News
June 29, 2015 4211

Accused Synthetic Marijuana Traffickers Appear in…

by Doreen Dennis, SurfKY News
June 29, 2015 3551

Alleged Breast Display Ends in Domestic Assault…

by SurfKY News

Most Read This Month

June 24, 2015 45475

Western Kentucky, Southern Indiana's Largest…

by Doreen Dennis, SurfKY News
July 02, 2015 14822

Emergency Response Team on Scene of Standoff on…

by Doreen Dennis, SurfKY News

Stories Trending Now

July 04, 2015 1196

Happenings and Meetings – Hopkins County

by Tammy Holloway, SurfKY News
July 04, 2015 1085

Heavy Rains Flood Streets Around Town

by Doreen Dennis, SurfKY News
July 04, 2015 699

Kentucky Sees Sharp Rise in Newborn…

by Al Cross
July 04, 2015 568

Tips for a Safe, Healthy Summer Enjoying…

by Dick Brown
July 04, 2015 511

Annual Fireworks Display Heralds in Fourth of…

by Mike Groves, SurfKY News
July 04, 2015 479

KDA Marketing Chief Tells Panel Kentucky Proud…

by Ted Sloan
July 04, 2015 479

Keeping the Faith - 'Safer among the Christian…

by Ronnie McBrayer
July 04, 2015 468

Kentucky's Drinking Water Annual Report Shows…

by Lanny Brannock
July 04, 2015 447

Pet of the Day

by Natalie Ostrander
July 05, 2015 386

Hopkins Ham Radio Operators Link to World

by Doreen Dennis, SurfKY News