COLA

Articles about the Cost of Living Adjustment (COLA) that may be useful to Massachusetts retirees

LEGISLATIVE FOCUS ON COLA %

JANUARY 1999 -
1.3% CPI Falls Short For Retirees - In light of recent changes in the process by which the federal
government calculates the annual Consumer Price Index (CPI), the
Association has filed legislation to allow the state’s 106 retirement
systems some latitude in establishing the annual COLA percentage.

COLA DOOR STILL OPEN

JANUARY 1999 -
Non-Accepting Systems Have Second Chance - With six months remaining in this fiscal year, only six communities
have yet to take advantage of our Association’s 1998 legislation
(Chapter 306) which will allow them to pay a 2.1% COLA retroactive to
this past July.

Brookline Accepts COLA

NOVEMBER 1998 - Finally Town Meeting Does Right Thing - Thanks
to the efforts of the Brookline Retirement Board, the number of
retirement systems, that did not accept Chapter 17 (COLA law) by the
July 1 deadline, has been narrowed from nine to eight, with still
others in the offing.

Non-Contributory Retirees Wait For COLA

NOVEMBER 1998 - Pop-up/Income Tax Exception Also Pending - They
are known as non-contribs, or non-contributory retirees. These retirees
are not members of the contributory retirement systems and are not
eligible for benefits paid for through the pension fund.

Non-Contributory Retirees Wait For COLA

NOVEMBER 1998 - Pop-up/Income Tax Exception Also Pending - They
are known as non-contribs, or non-contributory retirees. These retirees
are not members of the contributory retirement systems and are not
eligible for benefits paid for through the pension fund.

COLA Reform Now Law

JULY 1997 - After
more than a year of studies and a hard fought lobbying effort by our
Association, the Legislature passed the COLA reform bill on June 2. The
bill, S-1753, was signed into law by Governor William Weld on June 9,
1997, as Chapter 17 of the Acts of 1997.