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Retirees ask county's retirement board for a cost-of-living increase

Published January 12. 2012 05:01PM

A committee of the retirees association appeared before the Schuylkill County Employees Retirement Board Wednesday at the courthouse in Pottsville, renewing their request for a cost-of- living increase for retirees.

Joanne Deitrich, spokesman for the retirees, told the new board of commissioners that the retirees have not received an increase in five years, having been ignored by the past board of commissioners.

Commissioner chairman Frank Staudenmeier, who was a minority commissioner for the past four years, stated the board acted on advise of its consultant.

Deitrich responded by stating the consultant is only interested in building up the fund.

Staudenmeier invited the retirees to appear at a meeting scheduled next month with the consulting firm which manages the investments.

Controller Christy Joy, who was appointed to serve as secretary of the retirement fund, reported the market value of the fund at the end of December was $96,8332,510, but when he checked its value as of Wednesday, it had cimbed to $98,108,161.07.

He also reported one employee received annuities totaling $158,466.61; two members received refunds totaling $1,653; one member requested a rollover, $13,121.21; and one member requested a pay back totaling $9,033.61.

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