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 The pension fund is no longer active, according to the Commission, and will only be used for those who already had the funds set up.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 This material may not be published, broadcast, or rewritten without permission.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...

Ebenezer Missionary Baptist Church VBS Set for June 1 thru 5

DRAKESBORO, Ky. (5/21/15) — Ebenezer Missionary Baptist Church will hold vacation Bible school from June 1-5. Classes… Read More

HPD Officers Receive Treatment after Alleged Assault

HENDERSON, Ky. (5/21/15) — According to a Henderson Police Department report, on May 19, 2015, officers performed a… Read More

Most Read This Week

May 15, 2015 10257

New Madisonville Business In Full Operation Soon

by Tammy Holloway, SurfKY News
May 19, 2015 5346

Owensboro Health Proposes Building $15M Health…

by Doreen Dennis, SurfKY News
May 16, 2015 4984

Roses Coming Soon

by SurfKY News
May 22, 2015 4567

Madisonville Man Charged with First-Degree Rape

by SurfKY News
May 18, 2015 3785

Madisonville Man Wanted for Attempted Murder in…

by SurfKY News

Most Read This Month

May 15, 2015 10257

New Madisonville Business In Full Operation Soon

by Tammy Holloway, SurfKY News
April 23, 2015 9590

Man Charged with Sodomy, Incest/Victim under 12

by SurfKY News

Stories Trending Now

May 22, 2015 4567

Madisonville Man Charged with First-Degree Rape

by SurfKY News
May 21, 2015 3027

Police Charge Madisonville Man with Harassing…

by SurfKY News
May 21, 2015 1098

Madisonville Police Arrest Reports Released - May…

by SurfKY News
May 21, 2015 947

Hopkins County Sheriff's Reports Released

by SurfKY News
May 21, 2015 804

Collision with Deer Results in Fatality on US 79

by Trooper S. C. Recke
May 21, 2015 718

UPDATE: Suspect in Officer Involved Shooting…

by SurfKY News
May 21, 2015 659

EPA Rules Threaten Aluminum's Revival

by Jim Waters
May 20, 2015 602

Four Go to Hospital After Two-Vehicle Collision

by SurfKY News
May 21, 2015 586

Corrections Officers to Get Pay Raises to Retain…

by Jennifer Brislin