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Bill > S1629
MA S1629
MA S1629Relative to enhancing cost of living adjustment for certain long term career public retirees
summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
For legislation relative to enhance cost of living adjustment for certain long term career public retirees. Public Service.
AI Summary
This bill aims to enhance the cost of living adjustment (COLA) for certain long-term career public retirees in Massachusetts. Specifically, it provides an additional $100 or $200 COLA benefit for members of the state employee retirement system and the teachers' retirement system who have been retired for at least 15 or 20 years, respectively, and whose total annual retirement benefit is less than the average annual retirement benefit. The bill also allows other local retirement systems to adopt similar provisions upon acceptance by a majority vote of their board and approval of their legislative body. The additional COLA benefits are intended to help support long-serving public sector retirees with lower retirement incomes.
Committee Categories
Labor and Employment
Sponsors (2)
Last Action
Accompanied a study order, see S2931 (on 07/30/2024)
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/193/S1629 |
| BillText | https://malegislature.gov/Bills/193/S1629.pdf |
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