LOCAL COLA: WELLESLEY FIRST TO VOTE

NOVEMBER 20, 2006:
Wellesley’s Retirement Board was
the first of our 102 local retirement boards to vote for a July 2007 3% pension
COLA for its members. The vote came at the Board’s October 25 meeting. The
Newton Retirement Board is scheduled to vote on a 3% July 2007 COLA at a
December 3 meeting.

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