COLA

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

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.