Bill
Bill > H56
MA H56
An annual 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 2016 compared with such index for the year 2015.
summary
Introduced
01/12/2017
01/12/2017
In Committee
01/12/2017
01/12/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th 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 2016 compared with such index for the year 2015. Public Service.
AI Summary
This bill provides information on the annual report of the Public Employee Retirement Administration Commission (PERAC) regarding the percentage change in the average cost-of-living as shown by the United States consumer price index for the year 2016 compared to 2015. The report states that the Social Security Administration has announced a 0.3% cost-of-living adjustment (COLA) for retirees and beneficiaries, which can be adopted by retirement systems that have accepted Chapter 17 of the Acts of 1997. The retirement boards may also elect to increase this percentage up to 3% with proper notice to the legislative body.
Committee Categories
Labor and Employment
Sponsors (0)
No sponsors listed
Last Action
No further action taken (on 01/01/2019)
Official Document
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://malegislature.gov/Bills/190/H56 |
Bill | https://malegislature.gov/Bills/190/H56.pdf |
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