For FY25, Mass Retirees is pleased to report that all 102 local retirement board 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 $30,000 to $12,000.
Also, we pleased to report that 20 local systems (with 4 asterisks) increased their FY25 COLA Base. For some of these systems, this was not their first Base increase.
It’s noteworthy that over the past 3 years (July 1, 2021 to July 1, 2024), 72 local retirement systems (highlighted in red) have increased their COLA Base – over 70% of the Commonwealth’s local retirement systems. The effective date for a system’s increase is indicated by the number of asterisks affixed to the system.
