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May 4, 2007: To date,
eighty-eight of the state’s 104 local retirement systems have approved a new 3%
COLA to be paid this July. With the remaining sixteen retirement systems
scheduled to vote in May and June, we are well on our way to having 100%
adoption of the 2007 COLA.
At the state level, Governor Deval Patrick and now the House
of Representatives have included a 3% COLA for state and teacher retirees
within the FY 2008 state budget. The Senate, which has also expressed support
for the COLA, is expected to vote on their budget proposal in late May. We
anticipate the budget being back on the governor’s desk for his approval by
late June, which will allow the July COLA to be paid on time.
Meanwhile, Association lobbyists are working closely with
the Joint Committee on Public Service to advance legislation raising the COLA
base from the current $12,000 level to at least $16,000. Action on this bill,
which the Association filed, may occur as early as this week. However, a new base
would not take effect until July 2008.
FY 08 COLA
- Adams
(1/23/07)
- Amesbury
(1/25/07)
- Andover
(5/30/07)
- Arlington
(1/25/07)
- Athol
(1/31/07)
- Attleboro
(3/28/07)
- Belmont
(1/25/07)
- Berkshire
Cty (4/26/07)
- Beverly
(3/29/07)
- Blue
Hills (12/9/06)
- Braintree
(2/28/07)
- Bristol
Cty (1/25/07)
- Brockton
(2/21/07)
- Cambridge
(2/5/07)
- Chelsea
(1/25/07)
- Chicopee
(1/11/07)
- Clinton
(2/27/07)
- Concord
(2/27/07)
- Danvers
(4/25)
- Dedham
(May 07)
- Dukes
Cty (4/3/07)
- Easthampton
(2/26/07)
- Essex
Cty (1/31/07)
- Everett
(2/28/07)
- Fairhaven
(1/22/07)
- Fall
River (1/24/07)
- Falmouth
(3/28/07)
- Fitchburg
(1/23/07)
- Framingham
(4/26/07)
- Franklin
Cty (1/30/07)
- Gardner
(4/25/07)
- Gloucester
(1/24/07)
- Gr Law
San Dist (2/28/07)
- Greenfield
(3/26/07)
- Hampshire
Cty (12/21/06)
- Haverhill
(2/20/07)
- Hingham
(3/15/07)
- Holyoke
(1/18/07)
- Hull
(1/23/07)
- Lawrence
(1//07)
- Leominster
(3/21/07)
- Lexington
(1/22/07)
- Lowell
(3/30/07)
- Lynn
(3/30/07)
- Malden
(1/24/07)
- Marlborough
(3/26/07)
- MassPort
(4/30/07)
- Maynard
(3/28/07)
- Medford
(1/25/07)
- Melrose
(3/28/07)
- Methuen
(1/25/07)
- MHFA
(12/9/06)
- Middlesex
Cty (2/13/07)
- Milford
(1//07)
- Milton
(1/25/07)
- Minuteman
(4/11/07)
- Montague
(2/23/07)
- MWRA
(May)
- Natick
(3/28/07)
- Needham
(3/28/07)
- Newburyport
(May)
- Newton
(12/13/06)
- Norfolk
Cty (3/27/2007)
- North
Adams (3/27/07)
- N
Attleboro (5/23/07)
- Northbridge
(3/28/07)
- Northampton
(2/27/07)
- Norwood
(April)
- Peabody
(4/11/07)
- Pittsfield
(2/22/07)
- Plymouth
(1/30/07)
- Quincy
(1/25/07)
- Reading
(3/21/2007)
- Salem
(3/29/07)
- Saugus
(4/5/07)
- Shrewsbury
(1/18/2007)
- Southbridge
(2/22/07)
- Somerville
(1/18/07)
- Springfield
(3/29/07)
- Stoneham
(1/30/07)
- Swampscott
(1/17/07
- Taunton
(12/20/07)
- Wakefield
(4/12/07)
- Waltham
(1/18/07)
- Watertown
(1/22/07)
- Webster
(12/06)
- Wellesley
(10/25/06)
- W
Springfield (2/28/07)
- Westfield
(2/15/07)
- Weymouth
(2/12/07)
- Winthrop
(2/26/07)
- Woburn (1/22/07)
- Worcester
(3/15/07)
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