Bill
Bill > H2486
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
Relative to the cost of living adjustment for state and teacher retirees. Public Service.
AI Summary
This bill amends the General Laws of Massachusetts to increase the cost-of-living adjustment (COLA) cap for state and teacher retirees from $13,000 to $16,000. COLA is an annual adjustment made to retirement benefits to help offset the effects of inflation and maintain the purchasing power of retirees. By raising the COLA cap, this bill aims to provide additional financial support for state and teacher retirees whose fixed incomes may be impacted by the rising cost of living.
Committee Categories
Labor and Employment
Sponsors (4)
Last Action
Accompanied a study order, see H5048 (on 09/16/2024)
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/H2486 |
| BillText | https://malegislature.gov/Bills/193/H2486.pdf |
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