Agenda Text
title
Retirement Board responding to #192304 re: an increase in the Cost of Living Adjustment base for retirees.
body
Official Text
To the Honorable Board:
The Somerville Retirement Board has reviewed the Somerville Board of Aldermen's request (#192304) to increase the Cost of Living Adjustment (COLA) base for retirees.
The Somerville Retirement Board, at their meeting on February 28, 2012, determined that the Somerville Retirement Board will discuss an increase in the Cost of Living Adjustment at their April meeting.
Very truly yours,
Mary A. Phinney
Executive Secretary