summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation relative to the cost of living adjustment for local retirees. Public Service.
AI Summary
This bill aims to amend the existing law (Chapter 32) to provide a cost of living adjustment (COLA) for local retirees. Specifically, it would require a 3% annual COLA on a base amount of at least $12,000. It also prohibits a board from denying a COLA increase if the average investment return rate over the previous two years meets or exceeds the assumed rate of return for those years.
Committee Categories
Labor and Employment
Sponsors (1)
Last Action
Accompanied a study order, see S2491 (on 04/26/2018)
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/190/S1417 |
| Bill | https://malegislature.gov/Bills/190/S1417.pdf |
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