City of Somerville, Massachusetts - File #: 200490

• File #: 200490
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 12/10/2015
• In control: City Council
• On agenda: 12/10/2015
• Final action: 12/10/2015
• Enactment date: 12/10/2015
• Enactment #: 200490
• Title: Retirement Board requesting approval to increase the cost of living adjustment maximum base amount for eligible retirees to $13,000.
• Code sections: Appropriation/Budget -

Date	Ver.	Action By	Action	Result
12/15/2015	3	BOA	Mayoral Approval
12/10/2015	2	City Council	Approved

  Agenda Text

title

Retirement Board requesting approval to increase the cost of living adjustment maximum base amount for eligible retirees to $13,000.

body

Official Text

To the Honorable Board:

Pursuant to the attached documentation, the Retirement Board hereby requests this Board's approval to increase the maximum base amount on which the cost of living adjustment is calculated for eligible retirees of the Somerville Retirement Board to $13,000.

Please do not hestitate to contact me if you have any questions.

Respecfully submitted,

Michael Pasquariello

Executive Director

Somerville Retirement Board