Beverly Is Last Board To Vote COLA

NOVEMBER 2003 - Beverly's Retirement Board voted on July 31 to pay a three-percent COLA to its retirees. The vote was retroactive to July 1.

The
vote by the Beverly Board brought the total number of boards that voted
for 3% to 101 of 106 boards. As reported earlier, four Boards -
Easthampton, North Attleboro, Gardner and Peabody voted for 1.4% COLAs,
and Somerville voted for a 2.5% COLA.

Tags: