HOUSE DOCKET, NO. 939        FILED ON: 1/29/2021

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2681

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Natalie M. Higgins and James K. Hawkins

_________________

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act relative to the cost of living adjustment for local retirees.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

Natalie M. Higgins

4th Worcester

1/29/2021

James K. Hawkins

2nd Bristol

1/29/2021

James B. Eldridge

Middlesex and Worcester

3/3/2021


HOUSE DOCKET, NO. 939        FILED ON: 1/29/2021

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2681

By Representatives Higgins of Leominster and Hawkins of Attleboro, a petition (accompanied by bill, House, No. 2681) of Natalie M. Higgins, James K. Hawkins and James B. Eldridge for legislation relative to the cost of living adjustment for local retirees.  Public Service.

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 2289 OF 2019-2020.]

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninety-Second General Court
(2021-2022)

_______________

 

An Act relative to the cost of living adjustment for local retirees.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1. Paragraph (b) of section 103 of said chapter 32, as appearing in the 2014 Official Edition, is amended in line 24 by inserting after the word “commission’ the following words: - and to pay an annual cost of living increase of 3 per cent on a base amount of no less than $12,000.

SECTION 2.  Paragraph (c) of section 103 of said chapter 32, as so appearing, is amended in line 36 by inserting after the word “action” the following words: - ;provided, however, that a board shall not deny a cost of living increase if the average rate of return on investments during the last two previous years equals or exceeds the average of the assumed rate of return for those two years.