September 2022 Voice: During the summer of 2021, as serious signs of inflation began to become evident, Mass Retirees put a plan in place to build the case for improvements to the COLA starting in Fiscal Year 2023. These efforts paid off with the passage of a 5% COLA, signed into law by Governor Baker in late July.
Backed by historically high pension fund investment returns over the bulk of the past decade, the Association made the case for sharing the success with retirees in the form of better COLA benefits.