Actuaries recommend raising wage-inflation assumption to 3.25%; discount rate held at 6.625% Actuarial presenters recommended increasing the wage-inflation assumption from 3.00% to 3.25% for the 2025 actuarial valuation, leaving the discount rate at 6.625%. Staff said the change would raise city costs by about $2 million and increase member contribution rates modestly.

Actuaries are pushing for a wage-inflation assumption increase that could add $2 million to city costs—what does this mean for your contributions?

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