Published January 23. 2021 06:34AM
Carbon County’s retirees will see a slight increase in their retirement checks from the county this year.
On Thursday, during the monthly meeting of the county retirement board, the board unanimously voted to provide a 0.4 percent cost-of-living increase for the retirees based on the Consumer Price Index values given to the county by its actuary.
Controller Mark Sverchek said it is a “very modest increase” but he recommended the board follow the information provided by the actuary.
The action is effective from January and overall will cost the county $160,999, Sverchek said.
In other retirement matters, Svercheck reported that the retirement fund portfolio value as of Jan. 15 was $88,792,317, which is an all-time high for the fund.