MA S1450

Bill

Relative to the cost of living adjustment for public retirees

Introduced
01/23/2017

In Committee
01/23/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation relative to the cost of living adjustment for public retirees. Public Service.

AI Summary

This bill proposes to increase the cost-of-living adjustment (COLA) for public retirees in Massachusetts. Specifically, it would increase the COLA base amount from $13,000 to $14,000 in fiscal year 2018, $15,000 in fiscal year 2019, and $16,000 in fiscal year 2020. The bill also requires the Pension Reserves Investment Management (PRIM) Board to report annually to the state legislature on the average rate of return on investments, and if the average rate exceeds the assumed rate by 2% or more, the legislature would then determine if a further increase to the COLA base amount is appropriate.

Committee Categories

Labor and Employment

Sponsors (6)

Michael Brady (D), Sal DiDomenico (D), Colleen Garry (D), Danielle Gregoire (D), Marc Pacheco (D), Angelo Puppolo (D),

Last Action

Accompanied a study order, see S2491 (on 04/26/2018)

Official Document

https://malegislature.gov/Bills/190/S1450

(12 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/S1450
Bill	https://malegislature.gov/Bills/190/S1450.pdf

Bill	Bill Name	Last Action	Type
H1322	Relative to cost of living adjustments for retired public employees of the Commonwealth	Accompanied a study order, see H4654	Similar To
H1422	Relative to retirees of the department of corrections	Accompanied a study order, see H4654	Similar To
H1435	Relative to the veteran allowance for public retirees	No further action taken	Similar To
H1447	Relative to equitable treatment under state retirement laws	Accompanied a study order, see H4654	Similar To
H2522	Relative to the cost of living adjustment for public retirees	Accompanied a study order, see H4654	Similar To
H2526	Relative to public retiree COLA financing	Accompanied a study order, see H4654	Similar To
H4977	Relative to health insurance benefits for certain retirees in the town of Pembroke	Signed by the Governor, Chapter 419 of the Acts of 2018	Similar To
S1390	Relative to restoration to service	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S1400	Relative to the annual allowance for certain survivors of public retirees and employees	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S1417	Relative to the cost of living adjustment for local retirees	Accompanied a study order, see S2491	Similar To
S1474	Relative to group insurance costs for certain public retirees	Accompanied a study order, see S2491	Similar To
S2491	Order relative to authorizing the joint committee on Public Service to make an investigation and study of certain current Senate documents relative to public service matters	Discharged to the committee on Senate Rules	Replaced by

Bill

Bill Name

Last Action

Type

H1322

Relative to cost of living adjustments for retired public employees of the Commonwealth

Accompanied a study order, see H4654

Similar To

H1422

Relative to retirees of the department of corrections

Accompanied a study order, see H4654

Similar To

H1435

Relative to the veteran allowance for public retirees

No further action taken

Similar To

H1447

Relative to equitable treatment under state retirement laws

Accompanied a study order, see H4654

Similar To

H2522

Relative to the cost of living adjustment for public retirees

Accompanied a study order, see H4654

Similar To

H2526

Relative to public retiree COLA financing

Accompanied a study order, see H4654

Similar To

H4977

Relative to health insurance benefits for certain retirees in the town of Pembroke

Signed by the Governor, Chapter 419 of the Acts of 2018

Similar To

S1390

Relative to restoration to service

Bill reported favorably by committee and referred to the committee on Senate Ways and Means

Similar To

S1400

Relative to the annual allowance for certain survivors of public retirees and employees

Bill reported favorably by committee and referred to the committee on Senate Ways and Means

Similar To

S1417

Relative to the cost of living adjustment for local retirees

Accompanied a study order, see S2491

Similar To

S1474

Relative to group insurance costs for certain public retirees

Accompanied a study order, see S2491

Similar To

S2491

Order relative to authorizing the joint committee on Public Service to make an investigation and study of certain current Senate documents relative to public service matters

Discharged to the committee on Senate Rules

Replaced by

Bill > S1450

MA S1450

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (6)

Last Action

Official Document

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