Bill
Bill > H4123
MA H4123
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 2017 compared with such index for the year 2016
summary
Introduced
01/18/2018
01/18/2018
In Committee
01/18/2018
01/18/2018
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 2017 compared with such index for the year 2016. Public Service.
AI Summary
This bill relates to the annual report of the Public Employee Retirement Administration Commission (PERAC) on the percentage change in the average cost-of-living as shown by the United States consumer price index for the year 2017 compared to 2016. The report indicates that the latest Cost of Living Adjustment (COLA) is 2.0%, which retirement systems that have accepted Chapter 17 may grant pursuant to Chapter 32, Section 103(c) effective July 1, 2018. The report also notes that retirement boards may 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/H4123 |
| Bill | https://malegislature.gov/Bills/190/H4123.pdf |
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