summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
For legislation relative to the cost of living adjustment for local retirees. Public Service.
AI Summary
This bill amends the Massachusetts state law on public pensions to provide a 3% annual cost of living adjustment (COLA) on a minimum base amount of $12,000 for local government retirees. It also requires local pension boards to grant the COLA increase if the average investment returns over the previous two years meet or exceed the assumed rate of return for those years.
Committee Categories
Labor and Employment
Sponsors (3)
Last Action
Accompanied a study order, see H4960 (on 07/05/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H2681 |
| Bill | https://malegislature.gov/Bills/192/H2681.pdf |
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