What's New at DFFA 344
Due to the city's Bankruptcy, the Plan of Adjustment (POA) calls for a 55% reduction on COLA. This reduction took effect on retirees/DROP participants April 1, 2015 check.
The adjustment is retro back to July 1, 2014. Your check will remain constant until July 1, 2015. On July 1, 2015 everyone will receive an escalator that is equal to 45% of your escalator before July 1, 2014.
If you have any further questions on this matter, please contact the union office (313) 962-7546.