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Quest For Higher COLA Base Continues |
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SEPTEMBER 2001
- Major Challenge For Association - Our Association’s bill, H335, which would raise the current COLA base
of $12,000 to $20,000 for state and teacher retirees, with the same
option at the local level, remains in the Joint Committee on Public
Service.
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Read more...
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Local Retirees Receive 3% COLA |
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SEPTEMBER 2001
- State, Teachers Await Budget Passage For Their COLA - For the first time since the enactment of our new 1997 COLA law, all
eligible retirees and survivors of the 104 city, town, county,
regional, authority and district retirement systems received a 3%
pension cost of living (COLA) increase effective this July.
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Easthampton Rejects COLA, Will Vote Again |
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JULY 2001 - The
Easthampton Retirement Board, which voted 3-2 against a July COLA, will
take a second vote on June 29. Board member Mary Brewer, who voted
against the COLA, has moved reconsideration, allowing the Board to vote
again. It is expected that the meeting room will be packed with
retirees on June 29.
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Three Percent COLA Assured |
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JULY 2001 - House And Senate In Agreement - Although
it may be some time before the House and Senate reach final agreement
on the Commonwealth’s FY 2002 State Budget, which takes effect this
July, the new 3% COLA for state and teacher retirees has been agreed
upon by both branches and the governor.
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Read more...
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MAY 2001 -
Next Step: Cost Data - February 27 was opening day for the Joint Legislative Committee on
Public Service, the first of 16 scheduled hearing dates which will
conclude on June 26.
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Read more...
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