Base increases & fy23 5% COLA

For FY24, Mass Retirees is pleased to report that all 102 local retirement boards have approved a 3% COLA, effective July 1. The 3% will be applied to the Base amount that as the chart below shows, ranges from $12,000 to $20,000.

Also, we pleased to report that 81 local systems – highlighted in red below – fully approved the FY23 5% COLA. For more about the COLA, please see the lead article on page 1.

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