City of Somerville, Massachusetts - File #: 203626

• File #: 203626
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 6/6/2017
• In control: City Council
• On agenda: 6/8/2017
• Final action: 6/8/2017
• Enactment date: 6/8/2017
• Enactment #: 203626
• Title: Retirement Board requesting approval of an increase in the retiree Cost of Living Adjustment base to $14,000.
• Code sections: Appropriation/Budget -

Date	Ver.	Action By	Action	Result
6/13/2017	2	BOA	Mayoral Approval
6/8/2017	1	City Council	Approved

  Agenda Text

title

Retirement Board requesting approval of an increase in the retiree Cost of Living Adjustment base to $14,000.

body

Official Text

To the Honorable Board:

At the May 25, 2017 Somerville Retirement Board meeting the Somerville Retirement Board voted to increase the retiree COLA base to $14,000.00.

The Somerville Retirement Board hereby requests the Board of Aldermen'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 $14,000.

If you have any questions or require additional information, please do not hesitate to contact me.

Respectfully Submitted,
Michael Pasquariello
Executive Director