No C.O.L.A for BCoPD Retirees

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.

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