City of Somerville header
File #: 23-0538    Version: 1
Type: Officer's Communication Status: Placed on File
File created: 4/6/2023 In control: City Council
On agenda: 4/13/2023 Final action: 4/13/2023
Enactment date: 4/13/2023 Enactment #: 215262
Title: Retirement Board notifying this City Council of a vote at the May 30, 2023 meeting regarding a 2023 Cost of Living Adjustment for eligible retirees.
Attachments: 1. 4-2023 COLA Notice to City

Agenda Summary

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Retirement Board notifying this City Council of a vote at the May 30, 2023 meeting regarding a 2023 Cost of Living Adjustment for eligible retirees.

 

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Official Text

To the Honorable City Council:

 

Pursuant to Section 103, Chapter 32 of the MA General Laws, the Somerville Retirement Board will be discussing and holding a vote during its regular May 30, 2023 Board meeting regarding the Cost of Living Adjustment (COLA) for 2023 for eligible retirees of the Somerville Retirement System.

 

Section 103(i) requires notification to the legislative body at least 30 days before such election.

 

If you have any questions or require additional information, please do not hesitate to contact me directly at (617) 764-3807.

 

Sincerely,

 

Michael Pasquariello

Executive Director