Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
Section 102 of chapter 32 of the General Laws, as appearing in the 1984 Official Edition, is hereby amended by striking out paragraph (c) and inserting in place thereof the following paragraph:-
(c) In any case where such former employee, spouse, or other beneficiary is receiving an annual retirement allowance, pension or annuity which is nine thousand dollars or more exclusive of additional annuity obtained by special purchase under paragraph (g) of subdivision (1) of section twenty-two, or any similar law, the cost-of-living adjustment, shall be in an amount determined by applying the percentum of change determined by the general court to the sum of nine thousand dollars. Beginning annually in July, nineteen hundred and eighty-six, whenever the cost-of-living adjustment pursuant to paragraph (a) indicates an increase or decrease in the cost-of-living of at least three per cent, the dollar amounts of such increase or decrease as determined in the first sentence of this paragraph shall be added to or deducted from each retirement allowance, pension or annuity which is in excess of nine thousand dollars. The sum of the dollar amount of such cost-of-living adjustments, together with the amount of retirement allowance, pension or annuity to which the cost-of-living percentum factor is applied and any amounts in excess of said nine thousand dollars shall become the fixed retirement allowance, pension or annuity for all future purposes including the application of subsequent cost-of-living adjustments in future years; provided, however, that the limitations of this paragraph shall continue to apply.