Jerod Lockhart / Wednesday, April 29, 2026 / Categories: News & Events Update Local 2 Agreement with City and Retro Pension Calculations With the exception of certain members who were affected by a payroll error involving the deduction of retroactive pension contributions, the Fund has received the remaining balance of deducted pension contributions. The Fund has been informed that those members who were affected by the payroll error have been contacted by the City to work out their individual situations. For members who retired during the expired contract period, the Fund will recalculate the previously granted benefit using the amended contract wage schedules. The Fund is on track to have the amended grant amounts calculated and presented for approval at the May Regular Retirement Board Meeting. If approved, any applicable retroactive amounts resulting from this recalculation are expected to be included with the member’s May month-end payments. Credible Service Maximum Limitation Print 7