summary
Introduced
07/28/2022
07/28/2022
In Committee
07/28/2022
07/28/2022
Crossed Over
Passed
Dead
Signed/Enacted/Adopted
11/16/2022
11/16/2022
Introduced Session
192nd General Court
Bill Summary
Section 134 contained in the engrossed Bill making appropriations for the fiscal year 2023 (see House, No. 5050), which had been returned by His Excellency the Governor with recommendation of amendment (for message, see Attachment S of House, No. 5132). July 28, 2022.
AI Summary
This bill allows retirement boards that have accepted section 103 of chapter 32 of the General Laws to establish a cost-of-living adjustment (COLA) increase of between 3% and 5% for fiscal year 2023. The COLA increase will be applied to the retirement allowance, pension, or annuity, and the new amount will become the fixed retirement benefit for future years. The retirement board must hold a public meeting to vote on the COLA increase and notify the relevant legislative body at least 30 days before the election. The bill takes effect on July 1, 2022.
Sponsors (0)
No sponsors listed
Last Action
Signed by the Governor, Chapter 269 of the Acts of 2022 (on 11/16/2022)
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/H5124 |
| Bill | https://malegislature.gov/Bills/192/H5124.pdf |
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