The Lodge has been advised that there will no C.O.L.A. for the Baltimore County Retirees effective July 1, 2011. There were insufficient funds in the P.R.I.F. account to give a 1% C.O.L.A.
The P.R.I.F. needs to have $13,887,740. to give all retirees a 1% COLA. There is only $10,526,113. in the P.R.I.F. account.
This information was provided by retired Bro. Joe Zerhusen.