City of Somerville header
File #: 212612    Version: 1
Type: Mayor's Request Status: Approved
File created: 10/28/2021 In control: City Council
On agenda: 11/25/2021 Final action: 12/9/2021
Enactment date: 10/28/2021 Enactment #: 212612
Title: Somerville Retirement Board requesting approval to increase the Cost of Living Adjustment Base for retirees from $14,000 to $15,000
Code sections: Appropriation/Budget -
Attachments: 1. 10-2021 Increase COLA base $15k request to City Council.doc

  Agenda Text

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Somerville Retirement Board requesting approval to increase the Cost of Living Adjustment Base for retirees from $14,000 to $15,000

 

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Official Text

To the Honorable City Council:

 

I hereby convey the attached request from the Somerville Retirement Board to increase the Cost of Living Adjustment Base for retirees from $14,000 to $15,000.

 

Please contact me if I can be of further assistance.

 

Michael Pasquariello

Executive Director