Bill
Bill > H67
MA H67
Annual report of the Public Employee Retirement Administration Commission (under sections 21, 102 and 103 of Chapter 32 of the General Laws) relative to the percentum change in the average cost-of-living as shown by the United States consumer price index for the year 2018 compared with such index for the year 2017.
summary
Introduced
01/17/2019
01/17/2019
In Committee
01/17/2019
01/17/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to the percentum change in the average cost-of-living as shown by the United States consumer price index for the year 2018 compared with such index for the year 2017. Public Service.
AI Summary
This bill reports on the computation of the increase in the United States Consumer Price Index (CPI-W) in the previous year, as set by the Commissioner of Social Security. The latest Cost of Living Adjustment (COLA) is 2.8%, which may be granted by retirement systems that have accepted Chapter 17 of the Acts of 1997, effective July 1, 2019. The bill also notes that retirement boards may elect to increase this percentage up to 3% with proper notice to the legislative body.
Committee Categories
Labor and Employment
Sponsors (0)
No sponsors listed
Last Action
Hearing scheduled for 10/21/2019 from 01:00 PM-04:00 PM in A-1 (on 10/11/2019)
Official Document
bill text
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://malegislature.gov/Bills/191/H67 |
Bill | https://malegislature.gov/Bills/191/H67.pdf |
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