| Four Systems Lack COLA |
|
|
|
|
MARCH 1999 -
Only four communities have not accepted Chapter 17, Acts of '97, which
allows the local retirement board to pay a COLA under a state mandated
formula each year.
The retirement boards of Chelsea, Easthampton, Hull and Hingham were unable to pay a COLA to their retirees and survivors in the fiscal year which began last July 1. None of the governing bodies of those four communities have accepted Chapter 17. Town meetings in Saugus and North Attleboro did accept Chapter 17, but prospective to July 1, 1999, meaning that retirees in those two towns were not eligible for this fiscal year's COLA. Kudos to the retirement board of Gardner, whose members, backed by local retirees, finally convinced the City Council to accept Chapter 17 this January 4. Gardner retirees received COLA increases in their February pension checks, retroactive to last July. "Gardner was a long, hard fight," noted Association President Ralph White. "Several city councilors wanted to establish their own COLA law. It took the Gardner Retirement Board a full year to convince the Council that Chapter 17 was the proper route to follow." |
| < Prev | Next > |
|---|