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Bill > H54
MA H54
MA H54Annual 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 2014 compared with such index for the year 2013
summary
Introduced
02/12/2015
02/12/2015
In Committee
02/12/2015
02/12/2015
Crossed Over
Passed
Dead
07/31/2016
07/31/2016
Introduced Session
189th 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 2014 compared with such index for the year 2013
AI Summary
This bill, originating from the Public Employee Retirement Administration Commission (PERAC), informs the Massachusetts General Court about the cost-of-living adjustment (COLA) for public retirees and beneficiaries for the year 2015. Specifically, it reports that the United States Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), a measure used to adjust Social Security benefits, showed a 1.7% increase in 2014 compared to 2013. This 1.7% figure is the COLA that retirement systems, which have adopted relevant legislation, may grant to their retirees effective July 1, 2015, though retirement boards have the option to increase this percentage up to 3% with proper notice.
Committee Categories
Labor and Employment
Sponsors (0)
No sponsors listed
Last Action
Accompanied a study order, see H4367 (on 06/09/2016)
Official Document
bill text
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/189/House/H54 |
| State Bill Page | https://malegislature.gov/Bills/189/H54 |
| Bill | https://malegislature.gov/Bills/189/H54.pdf |
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