An Act relative to enhancing cost of living adjustment for certain long term career public retirees
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill seeks to increase the cost of living adjustment (COLA) for long-term career public retirees in Massachusetts. Specifically, it aims to enhance the adjustments received by these retirees, potentially addressing concerns about the rising cost of living and ensuring their pensions keep pace with inflation. The bill is part of a series of similar proposals focused on improving retirement benefits for public employees.
Key provisions
- Increases the cost of living adjustment (COLA) for long-term career public retirees.
- Addresses concerns about the purchasing power of retiree pensions.
- Part of a series of bills focused on improving retirement benefits.
- The bill was referred to the Public Service committee and subsequently concurred by the House.
Who is affected
- Long-term career public retirees in Massachusetts
- Retired public employees of the Commonwealth
Notable changes
- The bill proposes adjustments to existing COLA formulas for public retiree pensions.
- It is similar to other bills (S.1629, H.2487, H.2742, H.2934, H.2794) addressing retirement benefits.
Bill text
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Sponsors
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2 on record
Primary sponsor
Cosponsor
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